Apex Group Senior Associate Interview Questions, Process, and Tips

Prepaid entry for expenses refers to recording expenses paid in advance as assets until they are used or consumed.

• Prepaid expenses are initially recorded as assets on the balance sheet

• They are gradually expensed over time as they are used or consumed

• Common examples include prepaid rent, insurance, and supplies

Accrual entries for expenses are recorded when expenses are incurred but not yet paid.

• Accrual entries are made to match expenses with the revenue they generate in the same accounting period.

• These entries are necessary for accurate financial reporting.

• Examples of accrual entries for expenses include salaries payable, rent payable, and utilities payable.

I am a dedicated professional with experience in project management and team leadership.

• Managed cross-functional teams to successfully deliver projects on time and within budget

• Developed and implemented strategic plans to achieve company goals

• Led training sessions for new employees to ensure smooth onboarding process