Apex Group Senior Associate 3 Interview Questions, Process, and Tips

Accrual is the process of recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.

• Accrual accounting matches revenues to the time period in which they are earned and expenses to the time period in which they are incurred.

• It helps in providing a more accurate picture of a company's financial position and performance.

• Examples include recognizing revenue when a service is provided, e...read more

VLOOKUP should not be used when the data is not sorted or when you need to retrieve data from the left of the lookup column.

• Do not use VLOOKUP when the data is not sorted in ascending order.

• Do not use VLOOKUP when you need to retrieve data from the left of the lookup column.

• Instead, use INDEX MATCH function for non-sorted data or when retrieving data from the left.

Private equity is a type of investment where funds are raised from institutional and high-net-worth investors to acquire equity ownership in companies.

• Private equity firms raise capital from investors to acquire ownership stakes in companies

• They aim to improve the performance of the acquired companies and eventually sell them for a profit

• Private equity investments are typically long-term and involve active management o...read more

Waterfall is a project management methodology where tasks are completed sequentially in a linear fashion.

• Tasks are completed one after the other, with each phase dependent on the completion of the previous phase

• It is a traditional approach to project management

• Changes are difficult to implement once the project has started

• Common phases include requirements, design, implementation, testing, and maintenance

• Examples of in...read more

Accrual basis records revenue when earned and expenses when incurred, while cash basis records revenue when received and expenses when paid.

• Accrual basis matches revenue and expenses to the time period they occur, regardless of when cash is exchanged.

• Cash basis only records transactions when cash is exchanged.

• Accrual basis provides a more accurate picture of a company's financial health.

• Cash basis is simpler and easier...read more