Aptara Financial Associate Interview Questions and Answers

Q1. Tell me about yourself
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Q2. Why you want to work at BCG
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Accounting related questions

Q1. Questions related to RTR accounting, IFRS and US GAAP
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Q2. What is lease accounting
Ans. 
Lease accounting refers to the accounting treatment of lease agreements by lessees and lessors.
• Lease accounting involves recognizing lease assets and liabilities on the balance sheet.

• There are two main types of leases: operating leases and finance leases.

• Under operating leases, lease payments are expensed on the income statement.

• Finance leases are treated as a purchase of the leased asset, with depreciation and interes...read more
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Q3. Process of month end
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Month end process involves closing financial books, reconciling accounts, preparing financial statements, and analyzing variances.
• Close financial books by recording all transactions for the month

• Reconcile accounts to ensure accuracy and completeness of financial data

• Prepare financial statements such as income statement, balance sheet, and cash flow statement

• Analyze variances between actual and budgeted figures to ident
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Q4. What are prepayments
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Prepayments are payments made in advance for goods or services that will be received in the future.
• Prepayments are typically made to secure a future service or product.

• They are recorded as assets on the balance sheet until the service or product is received.

• Common examples include rent payments, insurance premiums, and magazine subscriptions.
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Q1. Package discussion
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