DXC Technology Associate Manager Interview Questions and Answers for Experienced

FP&A process cycle involves budgeting, forecasting, analyzing financial performance, and reporting.

• Budgeting: Creating a financial plan for the upcoming period.

• Forecasting: Predicting future financial outcomes based on historical data and market trends.

• Analyzing financial performance: Evaluating actual results against budgeted and forecasted numbers.

• Reporting: Communicating financial insights to stakeholders through re

Accrual is recognizing revenue and expenses when they are incurred, not when cash is exchanged. Deferral is postponing recognition of revenue or expenses to a later period.

• Accrual accounting matches revenues with expenses in the same accounting period

• Accruals are recorded as adjusting journal entries at the end of an accounting period

• Deferrals involve recognizing revenue or expenses at a later date

• Examples of accruals ...read more