ICON Plc Senior Financial Accountant Interview Questions and Answers

Wipro is a leading global IT services company known for its innovative solutions and strong financial performance.

• Wipro has a strong track record of financial stability and growth

• Wipro is known for its innovative solutions in the IT services industry

• Wipro has a global presence and a diverse range of clients

• Wipro offers opportunities for career growth and development

Comparable company analysis involves comparing financial ratios and metrics of similar companies to evaluate performance.

• Comparable company analysis is a valuation method used to determine the value of a company by comparing it to similar companies in the same industry.

• It involves analyzing financial ratios such as price-to-earnings (P/E) ratio and beta to assess the relative valuation and risk of the company.

• Beta meas...read more

Short term refers to a brief period of time, while long term refers to a more extended period.

• Short term goals are achievable within a few weeks or months, while long term goals may take years to accomplish.

• Short term decisions focus on immediate results, while long term decisions consider future consequences.

• Short term investments have a lower risk but also a lower return, while long term investments have a higher ris...read more

Current ratio includes all current assets, while quick ratio only includes liquid assets.

• Current ratio measures a company's ability to pay off its current liabilities with its current assets.

• Quick ratio is a more conservative measure of liquidity, as it only includes assets that can be quickly converted to cash.

• Current ratio formula: Current assets / Current liabilities

• Quick ratio formula: (Current assets - Inventory) ...read more

A software company incurs various costs including development, marketing, infrastructure, and maintenance.

• Development costs for creating and updating software

• Marketing costs for promoting the software

• Infrastructure costs for hosting and maintaining servers

• Maintenance costs for fixing bugs and providing customer support

RTR process refers to Record to Report process which involves all activities from recording transactions to preparing financial statements.

• RTR process is a crucial part of accounting and finance operations.

• It involves recording financial transactions, reconciling accounts, and preparing financial statements.

• The process ensures accuracy and completeness of financial data.

• It includes activities like journal entries, gene...read more

Price-to-earnings (P/E) ratio is used to evaluate the share.

• P/E ratio compares the current market price of a share to its earnings per share (EPS).

• It helps investors determine if a stock is overvalued or undervalued.

• A high P/E ratio may indicate that the stock is overvalued, while a low P/E ratio may indicate that the stock is undervalued.

• For example, if a company has a P/E ratio of 20, it means that investors are will...read more