EOSGlobe Accountant Interview Questions and Answers

I am a detail-oriented accountant with 5 years of experience in financial reporting and analysis.

• Bachelor's degree in Accounting from XYZ University

• Proficient in using accounting software such as QuickBooks and SAP

• Experience in preparing financial statements and conducting audits

• Strong analytical skills and attention to detail

• Excellent communication and teamwork abilities

P2P cycle stands for Procure-to-Pay cycle, which is the process of obtaining and paying for goods and services.

• P2P cycle starts with the requisition of goods or services by a department within a company.

• The purchase order is then created and sent to the vendor for approval.

• Upon receiving the goods or services, the invoice is generated and matched with the purchase order and receipt.

• Finally, payment is made to the vendo...read more

PO non-PO invoice difference refers to the distinction between purchase order and non-purchase order invoices.

• PO invoices are based on a purchase order issued by the buyer to the seller, while non-PO invoices are not linked to a specific purchase order.

• PO invoices are typically pre-approved and have a set budget, while non-PO invoices may require additional approval processes.

• PO invoices help track and manage expenses ...read more

Accrual accounting is a method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

• Revenue is recognized when it is earned, not necessarily when cash is received

• Expenses are recorded when they are incurred, not necessarily when they are paid

• Accrual accounting provides a more accurate picture of a company's financial position and performance over ...read more

Prepayment is an advance payment made for goods or services before they are received or delivered.

• Prepayment is recorded as an asset on the balance sheet until the goods or services are received or delivered.

• Once the goods or services are received or delivered, the prepayment is then recognized as an expense on the income statement.

• Examples of prepayments include rent paid in advance, insurance premiums, and subscripti

My native place is a small town located in the foothills of the Himalayas, known for its scenic beauty and peaceful environment.

• Located in the foothills of the Himalayas

• Known for its scenic beauty

• Peaceful environment

• Rich in cultural heritage

• Close-knit community

• Famous for local cuisine like momos and thukpa