Ernst & Young Accountant Interview Questions, Process, and Tips

CMMI is a process improvement model. Sweep account is a bank account. Marginal cost is the cost of producing one additional unit. Expense is a cost incurred in the normal course of business. Expenditure is a payment made for goods or services.

• CMMI stands for Capability Maturity Model Integration and is a process improvement model used in software development.

• Sweep account is a bank account that automatically transfers ...read more

Depreciation is the decrease in value of an asset over time. Fixed assets are long-term assets that are not easily converted to cash. Capital gains are profits from the sale of an asset.

• Depreciation is the allocation of the cost of an asset over its useful life

• Fixed assets are tangible assets that are expected to provide economic benefits for more than one year

• Examples of fixed assets include buildings, machinery, and ...read more

Capital exp refers to expenses incurred for acquiring or improving fixed assets. Abbreviation for debtors is DR.

• Capital exp is a long-term investment in assets that will benefit the company for many years.

• Examples of capital exp include purchasing a new building or machinery.

• Debtors are customers who owe money to the company for goods or services provided.

• The abbreviation for debtors is DR, which is used in accounting

The abbreviation for creditor is CR.

• CR stands for creditor

• CR is used in accounting and finance

• CR is the opposite of debtor (DR)