ICICI Bank Solution Manager Interview Questions, Process, and Tips for Experienced

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

• It is a snapshot of a company's financial position

• Assets are listed on the left side and liabilities and equity on the right side

• The equation Assets = Liabilities + Equity must always balance

• It is used to assess a company's financial health and performance

Working capital is the difference between current assets and current liabilities.

• Working capital is the amount of money a company has available to fund its day-to-day operations.

• It is calculated by subtracting current liabilities from current assets.

• Current assets include cash, accounts receivable, and inventory.

• Current liabilities include accounts payable, taxes owed, and short-term loans.

• A positive working capital in...read more

Working capital assessment involves analyzing a company's current assets and liabilities to determine its ability to meet short-term financial obligations.

• Calculate current ratio by dividing current assets by current liabilities

• Analyze inventory turnover ratio to determine efficiency of inventory management

• Assess accounts receivable turnover ratio to determine effectiveness of credit policies

• Evaluate cash conversion cy...read more

CC, BG, LC, ECLG are financial terms used in banking and trade finance.

• CC stands for Cash Credit, which is a type of loan provided by banks to their customers.

• BG stands for Bank Guarantee, which is a guarantee provided by a bank to a beneficiary on behalf of their customer.

• LC stands for Letter of Credit, which is a financial instrument used in international trade to ensure payment between the buyer and seller.

• ECLG stan...read more