Broadridge Financial Solutions Process Analyst Interview Questions, Process, and Tips

An account is a record of financial transactions for a particular person or organization.

• Accounts are used to track income, expenses, and balances.

• Examples of accounts include checking, savings, and credit card accounts.

• Accounts can be managed manually or through software programs.

• Accounts are important for budgeting and financial planning.

The different types of accounting include financial accounting, management accounting, tax accounting, and forensic accounting.

• Financial accounting focuses on recording and reporting financial transactions of a company.

• Management accounting involves providing financial information to help with decision-making and planning within an organization.

• Tax accounting deals with the preparation and filing of tax returns for ind...read more

Cash flows and fund flows statements are both financial statements that provide information about the movement of money in a company, but they differ in their focus and purpose.

• Cash flows statement focuses on the cash inflows and outflows of a company during a specific period, showing the sources and uses of cash.

• Fund flows statement focuses on the movement of funds within a company, including cash, investments, and ot...read more

Derivatives are financial instruments whose value is derived from an underlying asset or benchmark.

• Derivatives can be classified into four main types: futures contracts, forward contracts, options contracts, and swaps.

• Futures contracts are agreements to buy or sell an asset at a predetermined price on a future date.

• Forward contracts are similar to futures contracts but are customized and traded over-the-counter.

• Options...read more