Hikal Finance Manager Interview Questions, Process, and Tips for Experienced

Elements in MIS include data, information, systems, and processes. Variances can be caused by errors, changes in assumptions, or external factors.

• Elements in MIS: data, information, systems, processes

• Reasons for variance: errors, changes in assumptions, external factors

• Example: Variance in budgeted vs. actual expenses due to unexpected increase in costs

MHR stands for Maximum Heart Rate. It is the highest heart rate an individual can achieve during exercise.

• MHR can be calculated using the formula: 220 - age

• For example, for a 30-year-old individual, the MHR would be 220 - 30 = 190 beats per minute

• MHR is used to determine target heart rate zones for exercise intensity

MHR costing is a method of costing that assigns costs based on the actual resources used by a product or service.

• MHR costing stands for Machine Hour Rate costing, where costs are allocated based on machine hours used.

• It is useful in industries where machine usage is a significant factor in determining costs, such as manufacturing.

• MHR costing helps in accurately determining the cost of production for each unit based on ...read more

LHR stands for Liquidity-Asset Ratio, it is calculated to determine a company's ability to meet short-term obligations.

• LHR is calculated by dividing liquid assets by current liabilities.

• It helps assess a company's liquidity and ability to pay off short-term debts.

• A higher LHR indicates better liquidity and financial health.

• For example, if a company has liquid assets of $100,000 and current liabilities of $50,000, the L