Entertainment Network India Senior Manager Finance Interview Questions and Answers

Q1. Tell me about yourself
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Q2. Reason for job change
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Q1. Fixing assets journal entries
Ans. 
Fixing assets journal entries involves correcting errors in recording asset transactions.
• Identify the error in the original journal entry

• Reverse the incorrect entry by debiting the asset account and crediting the original account

• Make the correct entry by debiting the correct account and crediting the asset account

• Ensure the entry is properly documented and approved by management
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Q2. IFRS vs US GAAP
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IFRS and US GAAP are two sets of accounting standards used by companies worldwide, with key differences in principles and rules.
• IFRS (International Financial Reporting Standards) is principles-based, focusing on the conceptual framework and objectives of financial reporting.

• US GAAP (Generally Accepted Accounting Principles) is rules-based, providing specific guidelines and detailed rules for accounting treatments.

• IFRS ...read more
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Q3. Cash forecasting
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Q1. Tell me about yourself and interest in finance?
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Q1. What you know about Ind AS
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Q2. Discribe the Format of financial under Ind AS
Ans. 
The financial statements under Ind AS follow a specific format to ensure consistency and comparability.
• The balance sheet is presented in order of liquidity, with assets and liabilities classified as current or non-current.

• The income statement includes separate sections for operating and non-operating income and expenses.

• The statement of changes in equity shows the changes in equity during the reporting period.

• The cash ...read more
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Q1. Tell me about your self?
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Q2. About family background
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Q1. Entries in accounting
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Entries in accounting refer to the recording of financial transactions in the appropriate accounts.
• Entries are made to reflect the impact of transactions on the financial position of a business.

• Each entry consists of a debit and a credit, with the total debits equaling the total credits.

• Common types of entries include journal entries, adjusting entries, and closing entries.

• Examples of entries include recording sales re
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Q2. About tds and gst
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Q1. Which codes used in SAP
Ans. 
Various codes are used in SAP for different purposes such as transaction codes, object codes, and authorization codes.
• Transaction codes are used to access specific functions or transactions in SAP (e.g. FB50 for posting a journal entry).

• Object codes are used to classify different types of objects in SAP (e.g. GL accounts, cost centers).

• Authorization codes are used to control access to different areas of SAP based on us
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SAP code use for finance

Accounts knowledge

Q1. Sap. P2p rtr p2c
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Q2. All sap process
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SAP process refers to the various business processes managed using SAP software.
• SAP process encompasses all the business processes that are automated and managed using SAP software.

• Examples include procurement, inventory management, financial accounting, human resources management, etc.
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Q3. All accounts related
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Q1. Ask accounting 3 ruls & credit & debit
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Q2. If you have SAP software knowledge
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