Marveta Outreach Executive Interview Questions and Answers

IFRS16 is an accounting standard that requires companies to report lease obligations on their balance sheets.

• IFRS16 stands for International Financial Reporting Standard 16.

• It was introduced by the International Accounting Standards Board (IASB) in 2016.

• It replaces the previous lease accounting standard, IAS 17.

• IFRS16 requires lessees to recognize lease assets and liabilities on their balance sheets.

• It aims to provide ...read more

GL and REFX are linked through integration for financial and real estate management.

• GL (General Ledger) is used for financial accounting and REFX (Real Estate Management) is used for managing real estate assets.

• Integration between GL and REFX allows for seamless financial management of real estate assets.

• Examples of integration include automatic posting of rent payments to GL accounts and tracking of real estate expens...read more

Accruals and deferrals are accounting concepts used to record revenue and expenses in the correct accounting period.

• Accruals are revenues earned or expenses incurred but not yet recorded in the accounting books.

• Deferrals are revenues received or expenses paid in advance but not yet earned or incurred.

• Accruals and deferrals are necessary to ensure that financial statements accurately reflect the financial position of a ...read more

Straight lining functionality in IFRS16 is a method of allocating lease payments evenly over the lease term.

• Straight lining is a common method used to calculate lease expenses under IFRS16.

• It involves dividing the total lease payments by the lease term to determine a consistent expense amount.

• This method is used to simplify accounting for leases and provide a more accurate representation of lease expenses over time.

• For...read more

Content curation for a business is the process of gathering, organizing, and presenting relevant information to a target audience.

• It involves finding and selecting high-quality content from various sources.

• The curated content should be relevant to the business and its audience.

• The content can be shared on social media, newsletters, or blogs.

• Content curation can help establish the business as a thought leader in its ind...read more