Honeywell Technology Solutions Senior Finance Supervisor Interview Questions and Answers

Budgeting involves setting financial goals and creating a plan to achieve them, while forecasting involves predicting future financial outcomes based on current data.

• Budgeting is a detailed financial plan for a specific period, typically a year, outlining expected revenues and expenses.

• Forecasting involves predicting future financial outcomes based on historical data and trends.

• Budgeting helps in setting financial goal...read more

Preparing AOP involves setting financial targets, analyzing historical data, collaborating with various departments, and creating a detailed budget plan.

• Analyze historical financial data to identify trends and patterns

• Collaborate with department heads to gather input on revenue and expense projections

• Create a detailed budget plan outlining expected revenues, expenses, and profit margins

• Review and adjust the budget plan...read more