Artech Infosystems Finance Executive Interview Questions and Answers

Accounts refer to financial records of an organization that track its transactions and financial activities.

• Accounts are used to keep track of financial transactions such as sales, purchases, and payments.

• They help in preparing financial statements such as balance sheets, income statements, and cash flow statements.

• Accounts can be categorized into different types such as assets, liabilities, equity, revenue, and expens...read more

I am a finance executive with over 10 years of experience in managing financial operations and driving business growth.

• I have a Bachelor's degree in Finance from XYZ University.

• I have worked in various industries such as banking, healthcare, and technology.

• I have experience in budgeting, forecasting, financial analysis, and risk management.

• I have successfully led teams to achieve financial targets and improve processes...read more

My notice period is currently 2 months.

• My notice period is 2 months.

• I am required to give a 2-month notice before leaving my current position.

• I need to serve a notice period of 2 months.

The 3 golden rules of accounts are: 1. Debit the receiver, credit the giver 2. Debit what comes in, credit what goes out 3. Debit expenses and losses, credit income and gains

• Debit the receiver, credit the giver: When an asset is received, it is debited. When a liability is received, it is credited.

• Debit what comes in, credit what goes out: When cash comes into the business, it is debited. When cash goes out of the busi...read more

Email on a situation where GR is not done for the invoice

• Explain the importance of Goods Receipt (GR) in the invoicing process

• Describe a scenario where GR was missed or not completed

• Discuss the impact of not having GR on the payment process and inventory management

• Propose solutions to ensure timely and accurate GR in the future