TARGET SYSTEMS & SOLUTIONS Interview Questions and Answers

To convince a student to study more after passing 12th

• Highlight the benefits of further education

• Discuss potential career opportunities and growth

• Emphasize the importance of continuous learning

• Provide examples of successful individuals who continued their education

• Offer guidance and support in choosing the right educational path

The stages of AML (Anti-Money Laundering) include customer due diligence, transaction monitoring, and reporting suspicious activities.

• Customer Due Diligence: Verifying the identity of customers and assessing their risk level.

• Transaction Monitoring: Monitoring transactions for suspicious activities or patterns.

• Reporting Suspicious Activities: Reporting any suspicious activities to the appropriate authorities.

• Examples: Conducting background checks on customers, reviewing transa...read more

Accounting is a broader term that includes financial accounting as a subset. Financial accounting focuses on external reporting.

• Accounting is a broader term that encompasses financial accounting.

• Financial accounting focuses on external reporting and providing financial information to external stakeholders.

• Financial accounting follows specific accounting principles and standards, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Stand...read more

Bad debt provision has a significant impact on the financial health of a company.

• Bad debt provision affects the company's profitability and cash flow.

• It can lead to a decrease in revenue and an increase in expenses.

• The provision for bad debt is an estimation of potential losses from customers who may not pay their debts.

• If the provision is too low, it can result in unexpected write-offs and financial instability.

• On the other hand, if the provision is too high, it can artifici...read more

Revenue recognition standard refers to the accounting principle that outlines when and how revenue should be recognized in financial statements.

• Revenue should be recognized when it is earned and realized or realizable

• The amount of revenue recognized should be based on the fair value of the goods or services provided

• Revenue recognition can be complex and may require judgment calls based on specific circumstances

• The new revenue recognition standard, ASC 606, went into effect fo...read more