Sewells Group Accounts Manager Interview Questions and Answers

EBIT stands for Earnings Before Interest and Taxes, while EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization.

• EBIT is a measure of a company's operating performance without factoring in interest and taxes.

• EBITDA is a measure of a company's operating performance without factoring in interest, taxes, depreciation, and amortization.

• Both EBIT and EBITDA are commonly used to evaluate a company'...read more

BEP stands for Break-Even Point and MOS stands for Margin of Safety.

• BEP is the point at which total revenue equals total costs, resulting in neither profit nor loss.

• MOS is the amount by which sales can drop before the company reaches the BEP.

• Calculating BEP helps in determining the minimum amount of sales needed to cover costs.

• MOS provides a cushion for the company in case of unexpected changes in sales or costs.

The number of days work required depends on the specific tasks and deadlines for the Executive Accountant role.

• The number of days work can vary based on the complexity of financial reports, audits, and budget analysis required.

• Deadlines for financial statements, tax filings, and other accounting tasks may impact the number of days work needed.

• Prioritizing tasks and efficient time management can help in completing work

Journal entries of reconciliation involve adjusting entries to ensure the balance in the general ledger matches the bank statement.

• Reconciliation involves comparing the transactions in the bank statement with those in the general ledger.

• Adjusting entries are made to correct any discrepancies between the two records.

• Common adjusting entries include recording bank fees, interest income, outstanding checks, and deposits i...read more