Mercedes-Benz Research and Development India Interview Questions and Answers

I have worked on QuickBooks and Xero accounting platforms. I prefer QuickBooks for its user-friendly interface and comprehensive features.

• Worked on QuickBooks and Xero accounting platforms

• Prefer QuickBooks for its user-friendly interface

• QuickBooks has comprehensive features

Financial accounting focuses on external reporting and historical financial data, while management accounting focuses on internal decision-making and future-oriented data.

• Financial accounting is concerned with recording, summarizing, and reporting financial transactions of a company.

• Management accounting provides information to internal stakeholders for planning, controlling, and decision-making purposes.

• Financial accounting follows generally accepted accounting principles (G...read more

The types of accounting include financial accounting, management accounting, tax accounting, and forensic accounting.

• Financial accounting focuses on recording and reporting financial transactions.

• Management accounting provides information for internal decision-making and planning.

• Tax accounting deals with tax-related matters and compliance.

• Forensic accounting involves investigating financial fraud and providing litigation support.

• Other types of accounting include cost account...read more

An account manager is responsible for managing and nurturing relationships with clients to ensure their satisfaction and maximize sales.

• An account manager acts as a liaison between the company and its clients.

• They are responsible for understanding the clients' needs and objectives.

• They develop and maintain strong relationships with clients to ensure their loyalty.

• Account managers provide support and assistance to clients, addressing any concerns or issues they may have.

• They c...read more

Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.

• Accounting involves recording financial transactions.

• It includes summarizing and analyzing financial data.

• The results are reported in financial statements.

• Accounting helps in making informed business decisions.

• Examples of accounting tasks include bookkeeping, budgeting, and financial analysis.