Annapurna Finance Interview Questions, Process, and Tips for Experienced

Microfinance is a financial service that provides small loans, savings, and insurance to low-income individuals and entrepreneurs.

• Microfinance helps to alleviate poverty by providing access to financial services to those who are traditionally excluded from the formal banking sector.

• It is often used to support small businesses and entrepreneurs in developing countries.

• Microfinance institutions (MFIs) provide loans, savi...read more

Prof. Muhammad Yunus is known as the father of microfinance.

• Prof. Muhammad Yunus is a Bangladeshi economist and social entrepreneur.

• He founded Grameen Bank in Bangladesh in 1983.

• Grameen Bank pioneered the concept of microcredit and microfinance.

• Prof. Yunus was awarded the Nobel Peace Prize in 2006 for his work in microfinance.

COO stands for Chief Operating Officer.

• COO is a senior executive responsible for the day-to-day operations of a company.

• They report directly to the CEO and oversee departments such as finance, marketing, and human resources.

• COOs are often responsible for implementing strategies and ensuring the company's goals are met.

• Examples of COOs include Sheryl Sandberg of Facebook and Tim Cook of Apple.

A cash book is a financial record that tracks all cash transactions of a business.

• It is used to record all cash receipts and payments.

• It helps in maintaining an accurate record of cash flow.

• Cash book entries are usually categorized into cash receipts and cash payments.

• It is an important tool for internal audit as it provides a clear picture of cash transactions.

• Examples of cash book entries include cash sales, cash pur

BRS stands for Bank Reconciliation Statement.

• BRS is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.

• It helps in identifying any discrepancies or errors in the bank transactions.

• The statement includes items such as deposits in transit, outstanding checks, bank charges, and interest.

• The ultimate goal of BRS is to ensure that the company's cash balance match...read more