Finastra Accountant Interview Questions and Answers

Company status refers to the legal and financial standing of a company.

• It indicates whether a company is active or inactive.

• It also reflects the financial health of the company.

• Company status can be checked through government databases or credit reporting agencies.

• Examples of company status include 'active', 'dissolved', 'suspended', and 'bankrupt'.

The number of employees in the company is not available.

• The exact number of employees is unknown.

• The company does not disclose the employee count.

• Employee count may vary over time.

• Employee count can be obtained from the company's HR department.

The financial status of a company refers to its overall financial health and performance.

• Financial status can be determined by analyzing financial statements such as balance sheets, income statements, and cash flow statements.

• Key indicators of financial status include profitability, liquidity, solvency, and efficiency.

• Profitability measures the company's ability to generate profits, while liquidity measures its ability...read more

We need an employee who is detail-oriented, analytical, and has strong communication skills.

• Detail-oriented: The employee should have a keen eye for accuracy and be able to spot errors or discrepancies in financial records.

• Analytical: They should possess strong problem-solving skills and be able to analyze financial data to identify trends or patterns.

• Strong communication skills: The employee should be able to effectiv...read more

P&L account stands for Profit and Loss account. It is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period.

• P&L account is also known as an income statement.

• It shows the company's financial performance over a specific period.

• Revenues and gains are listed on the credit side, while expenses and losses are listed on the debit side.

• The difference between the two side...read more

My expertise in accounting will benefit the company by ensuring accurate financial records and identifying areas for cost savings.

• I will maintain accurate financial records to help the company make informed decisions

• I will identify areas for cost savings and help the company reduce expenses

• I will ensure compliance with financial regulations and minimize the risk of penalties

• I will provide financial analysis and insight...read more

Company status refers to the legal and financial standing of a company.

• It indicates whether a company is active or inactive.

• It also reflects the financial health of the company.

• Company status can be checked through government databases or credit reporting agencies.

• Examples of company status include 'active', 'dissolved', 'suspended', and 'bankrupt'.

The number of employees in the company is not available.

• The exact number of employees is unknown.

• The company does not disclose the employee count.

• Employee count may vary over time.

• Employee count can be obtained from the company's HR department.

The financial status of a company refers to its overall financial health and performance.

• Financial status can be determined by analyzing financial statements such as balance sheets, income statements, and cash flow statements.

• Key indicators of financial status include profitability, liquidity, solvency, and efficiency.

• Profitability measures the company's ability to generate profits, while liquidity measures its ability...read more

We need an employee who is detail-oriented, analytical, and has strong communication skills.

• Detail-oriented: The employee should have a keen eye for accuracy and be able to spot errors or discrepancies in financial records.

• Analytical: They should possess strong problem-solving skills and be able to analyze financial data to identify trends or patterns.

• Strong communication skills: The employee should be able to effectiv...read more