American Broadcasting Company Senior Accounts Executive Interview Questions and Answers

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.

• Reconciliation involves verifying and adjusting financial transactions to ensure consistency between different accounts or statements.

• It helps identify errors, discrepancies, or fraud in financial records.

• Examples include bank reconciliation (comparing bank statements with internal records) and account reconcilia...read more

Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It is one o...read more

The qualification for an Executive Accountant typically includes a bachelor's degree in accounting or finance.

• A bachelor's degree in accounting or finance is the minimum requirement

• Certifications such as CPA or CMA may be preferred

• Experience in accounting or finance is also important

• Continuing education and professional development is necessary to stay current in the field

I will deliver revenue by building strong relationships with clients, identifying their needs, and providing tailored solutions.

• Developing and maintaining relationships with existing clients to upsell and cross-sell products/services

• Identifying new business opportunities and pitching products/services to potential clients

• Analyzing market trends and competitor activities to adjust sales strategies accordingly

• Collaborati...read more

I have 5 years of experience in finance and accounts, including managing budgets, financial reporting, and overseeing audits.

• Managed budgets and financial planning for a multinational company

• Prepared financial reports and analysis for senior management

• Led the annual audit process and ensured compliance with accounting standards

• Implemented cost-saving measures and improved financial efficiency

• Collaborated with cross-fun

IND AS (Indian Accounting Standards) is applicable to companies in India. Moving to industry provides opportunities for growth and practical application of finance and accounting skills.

• IND AS is the set of accounting standards that are applicable to companies in India, replacing the previous Indian GAAP.

• Understanding and implementing IND AS is crucial for financial reporting and compliance.

• Moving to industry allows fo...read more

I am an experienced finance professional with a strong background in accounts management.

• I have a Bachelor's degree in Finance and Accounting.

• I have worked as a Finance Executive for 5 years, where I managed financial transactions and prepared financial reports.

• I am proficient in using accounting software such as QuickBooks and Excel.

• I have a strong attention to detail and excellent analytical skills.

• I have successfull...read more

In 5 years, I see myself as a highly skilled and experienced Assistant Manager Finance & Accounts, leading a team and contributing to the growth and success of the organization.

• I envision myself taking on more responsibilities and leading a team of finance professionals.

• I aim to enhance my skills and knowledge in finance and accounting through continuous learning and professional development.

• I plan to contribute to the...read more