Masterlink Training Lab Incharge, Lab Controller Interview Questions and Answers

Penalty charged in a project can impact revenue negatively.

• Penalties reduce the overall revenue generated from the project.

• The amount of penalty charged will directly reduce the revenue earned.

• Penalties can result in a decrease in profit margin.

• Revenue impact depends on the severity and frequency of penalties.

• Penalties may also affect the reputation of the company, leading to potential loss of future business.

Deferred revenue is reconciled by comparing the beginning and ending balances, adjusting for any changes during the period.

• Start by comparing the beginning and ending balances of deferred revenue accounts.

• Identify any changes in the period, such as new revenue recognized or revenue that was previously deferred being recognized.

• Adjust the balances accordingly to ensure they match the recognized revenue for the period.

• En...read more