Amanora The Fern Hotels and Club Financial Controller Interview Questions and Answers

Q1. What are accruals
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Accruals are adjustments made to financial statements to ensure that revenues and expenses are recognized in the period they are earned or incurred, regardless of when cash is exchanged.
• Accruals help match revenues and expenses to the period in which they are incurred, providing a more accurate representation of a company's financial performance.

• Examples of accruals include accrued interest, accrued wages, and accrued ...read more
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Q2. What are deferrals
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Deferrals are revenues or expenses that are recognized at a later date instead of immediately when they are incurred.
• Deferrals involve postponing the recognition of revenue or expenses to a future period.

• Common examples of deferrals include prepaid expenses, unearned revenue, and deferred tax assets/liabilities.

• Prepaid expenses are costs that are paid in advance but recognized as expenses over time as they are used.

• Une...read more
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Q1. Brief about our resumne Previous company work role on that basis questions Basic Accounting questions
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Q1. About CTC discussion
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Q1. Tell me about your self.
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Q2. Why are you leaving your current company.
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Q1. What is the Basic of accounting? Journal entries of gst and tds?
Ans. 
Basic of accounting is to record financial transactions and prepare financial statements.
• Accounting is the process of recording, classifying, and summarizing financial transactions.

• The basic accounting equation is Assets = Liabilities + Equity.

• Journal entries of GST and TDS are recorded to account for taxes paid and collected.

• For example, a journal entry for GST paid would be Debit GST Paid and Credit Bank Account.

• Simi...read more
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Q1. Basic introduction and previous job profile and information about the oberoi new delhi.
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Q1. Questions on reporting standards
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Q1. What are the Golden Rules of Accounting?
Ans. 
The Golden Rules of Accounting are basic principles that guide the recording of financial transactions.
• Debit the receiver, credit the giver

• Debit what comes in, credit what goes out

• Debit expenses and losses, credit income and gains
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Q1. What makes you a better candidate?
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It's a 30 mins aptitude test with 30 questions.

Q1. Overview of the professional journey. Couple of technical questions. Couple of logical questions.
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