Dow Jones Senior Accountant Interview Questions and Answers

Reconciliation is the process of comparing two sets of records to ensure they are in agreement and accurate.

• Reconciliation involves verifying and adjusting financial transactions to ensure consistency between different accounts or statements.

• It helps identify errors, discrepancies, or fraud in financial records.

• Examples include bank reconciliation (comparing bank statements with internal records) and account reconcilia...read more

Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It is one o...read more