SMDL & Associates Accounts & Audit Assistant Interview Questions and Answers for Experienced

Triggers are database objects that automatically execute in response to certain events or changes in data.

• Triggers are used to enforce business rules or data integrity.

• They can be used to audit changes to data.

• Triggers can be set to execute before or after an event, such as an insert, update, or delete operation.

• They can be defined on tables, views, or schemas.

• Examples of triggers include sending an email notification ...read more

Accrual account is a type of account that records revenue or expenses that have been earned or incurred but not yet received or paid.

• Accrual accounting recognizes revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid.

• Accrual accounts are used to record these transactions until they are paid or received.

• Journal entry is the process of recording a transaction in the accoun...read more

Reconciliations involve comparing financial records to identify discrepancies and resolve them.

• Reconciliations are important for ensuring accuracy in financial reporting.

• The process involves comparing two sets of records, such as bank statements and accounting records.

• Any discrepancies are identified and investigated to determine the cause.

• Examples of reconciliations include bank reconciliations, accounts receivable re

Performa is a performance monitoring tool for HPE 3PAR storage arrays.

• Performa provides real-time monitoring of storage performance metrics.

• It helps identify performance bottlenecks and optimize storage performance.

• Performa can generate reports and alerts based on user-defined thresholds.

• It can also be used for capacity planning and trend analysis.

• Examples of performance metrics monitored by Performa include IOPS, late

Depreciation is necessary to allocate the cost of an asset over its useful life.

• Depreciation helps in matching the cost of an asset with the revenue it generates.

• It allows for the recognition of the wear and tear, obsolescence, and loss of value of assets over time.

• Depreciation expense reduces taxable income, resulting in tax savings for companies.

• It helps in determining the true profitability and financial position of...read more