Fujitsu Financial Administrator Interview Questions and Answers

Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.

• Involves estimating income and expenses

• Setting financial goals

• Monitoring actual performance against the budget

• Adjusting the budget as needed

• Common types include operating budgets, capital budgets, and cash budgets

Forecasting is the process of making predictions about future trends based on past and present data.

• Forecasting involves analyzing historical data to identify patterns and trends

• Different methods such as qualitative and quantitative analysis can be used for forecasting

• Common techniques include time series analysis, regression analysis, and econometric modeling

• Forecasting helps businesses make informed decisions and pla...read more

Revenue recognition is the process of recording revenue in a company's financial statements when it is earned.

• Revenue is recognized when it is realized or realizable and earned, regardless of when cash is received.

• It is important to match revenues with expenses in the period they are incurred to accurately reflect the financial performance of a company.

• Different industries may have specific guidelines for revenue recog...read more

Assets are recognized in the balance sheet to reflect the company's resources and their value, while depreciation is recorded to allocate the cost of assets over their useful life.

• Assets are recognized in the balance sheet to show the company's resources and their value.

• Depreciation is recorded to allocate the cost of assets over their useful life.

• Recognizing assets and depreciating them helps in accurately reflecting ...read more

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

Hyderabad is a vibrant city in southern India known for its rich history, culture, and delicious cuisine.

• Hyderabad is home to iconic landmarks such as the Charminar, Golconda Fort, and Hussain Sagar Lake

• The city is famous for its biryani, a flavorful rice dish cooked with meat and aromatic spices

• Hyderabad is a major hub for technology companies, with a booming IT industry in areas like HITEC City