Eviden Financial Analyst 1 Interview Questions, Process, and Tips

Oracle bill in advance accounting entries

• When billing in advance, recognize revenue over the service period

• Debit Accounts Receivable and credit Unearned Revenue upon billing

• Recognize revenue by debiting Unearned Revenue and crediting Revenue over time

• Adjust entries as revenue is earned

An amendment is a change or alteration to an existing document, while an addendum is an additional document added to provide extra information.

• Amendment modifies existing content in a document.

• Addendum adds new information or details to a document.

• Amendment requires all parties to agree to the changes.

• Addendum can be added unilaterally by one party.

• Example: An amendment to a contract changes the payment terms. An adden

Sales documents record the sale of goods or services, while billing documents are used to request payment for those goods or services.

• Sales documents typically include details of the products or services sold, such as quantity, price, and customer information.

• Billing documents are generated after the sale to request payment from the customer, and may include payment terms, due dates, and total amount due.

• Sales document...read more

SQL process refers to the steps involved in executing a SQL query to retrieve or manipulate data from a database.

• SQL process starts with writing a SQL query to retrieve or manipulate data.

• The query is then sent to the database management system (DBMS) for processing.

• The DBMS parses the query, creates an execution plan, and retrieves the data from the database.

• The retrieved data is then returned to the user or applicati

PL/SQL (Procedural Language/Structured Query Language) is a programming language used to create stored procedures, functions, and triggers in Oracle databases.

• PL/SQL is an extension of SQL that allows for procedural programming capabilities.

• It is used to create reusable code blocks that can be called within SQL statements.

• PL/SQL can be used to automate tasks, enforce business rules, and improve performance.

• Examples of ...read more

I can contribute by implementing efficient financial controls, streamlining processes, and providing accurate financial reporting.

• Implementing robust financial controls to prevent fraud and errors

• Streamlining processes to improve efficiency and reduce costs

• Providing accurate and timely financial reporting to support decision-making

• Identifying areas for cost savings and revenue generation

• Collaborating with other departm

I can contribute by streamlining processes, implementing cost-saving measures, and improving financial reporting.

• Implementing automation tools to streamline financial processes

• Identifying and implementing cost-saving measures to improve profitability

• Enhancing financial reporting accuracy and timeliness through improved systems and controls