Google Financial Analyst Interview Questions and Answers

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Q1. What is ifrs standard 15
Ans. 
IFRS 15 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.
• IFRS 15 provides a single, comprehensive framework for revenue recognition

• It specifies the criteria for recognizing revenue at an amount that reflects the consideration to which an entity expects to be entitled

• The standard also requires entities to disclose sufficient information to enable users to u...read more
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Q2. Do you know about us gaap to ifrs reconciliation
Ans. 
US GAAP to IFRS reconciliation involves aligning financial statements prepared under US GAAP with those prepared under IFRS.
• US GAAP and IFRS have different accounting standards and principles

• Reconciliation involves adjusting financial statements to ensure they comply with IFRS standards

• Differences in revenue recognition, lease accounting, and financial instruments are common areas requiring reconciliation
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