NielsenIQ Revenue Associate Interview Questions and Answers

Q1. What is GAAP & SOX Audit?
Ans. 
GAAP & SOX Audit are accounting standards that ensure financial reporting accuracy and prevent fraud.
• GAAP (Generally Accepted Accounting Principles) is a set of accounting standards that companies must follow when preparing financial statements.

• SOX (Sarbanes-Oxley Act) is a law that requires companies to establish internal controls and procedures to prevent financial fraud.

• SOX also requires companies to have an externa...read more
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Q2. What is Revenue Accruals ?
Ans. 
Revenue Accruals are the recognition of revenue earned but not yet received or invoiced.
• Revenue that has been earned but not yet invoiced is recorded as a revenue accrual.

• Revenue accruals are used to match revenue with the period in which it was earned.

• Revenue accruals are adjusted at the end of each accounting period to reflect the actual revenue earned.

• Examples of revenue accruals include unbilled services, goods shi...read more
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Q1. How to recognise revenue ?
Ans. 
Revenue recognition is the process of identifying and recording revenue earned by a company.
• Revenue is recognized when it is earned and realizable

• Revenue is earned when goods or services are delivered

• Revenue is realizable when payment is expected

• Revenue is recognized at the fair value of the consideration received or receivable

• Revenue recognition principles vary by industry and accounting standards
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Q1. Hypothetical questions related to Revenue and O2C process
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30 Questions with Min Passing Marks fo 22