Svn Associates Account Exeutive Interview Questions and Answers

Bank reconciliation is the process of comparing a company's bank statement with its own accounting records.

• It helps to identify any discrepancies between the two records

• It ensures that all transactions are accurately recorded

• It involves matching deposits, withdrawals, and other transactions

• It helps to prevent fraud and errors

• Examples of items that may need to be reconciled include checks, bank fees, and interest

Amortization is the process of spreading out a loan or investment into a series of fixed payments.

• It involves paying off a debt over time with regular payments

• Each payment includes both principal and interest

• The amount of interest decreases over time as the principal balance decreases

• Examples include mortgage payments and car loans

Outstanding expenses are expenses that have been incurred but not yet paid.

• These expenses are recorded in the balance sheet as a liability.

• Examples include rent, utilities, and salaries that have been accrued but not yet paid.

• Outstanding expenses are also known as accrued expenses.

Prepaid expenses are expenses paid in advance but not yet incurred.

• Prepaid expenses are recorded as assets on the balance sheet

• They are gradually expensed over time as they are used or consumed

• Examples include prepaid rent, insurance premiums, and subscriptions

• Prepaid expenses are common in industries such as real estate and insurance

I am not currently working on any specific T code.

• I am familiar with various T codes and can quickly learn any new ones required for the job.

• I have experience working with T codes such as T-code FBL3N for displaying GL account balances and T-code FB50 for posting journal entries.

• I am proficient in using SAP and can navigate through different modules and transactions with ease.

I am currently working on the Sales and Distribution (SD) module of SAP.

• My responsibilities include managing customer orders, pricing, and delivery schedules.

• I also handle billing and invoicing processes, as well as managing customer master data.

• I have experience in configuring and customizing the SD module to meet specific business requirements.

• Some of the key transactions I work with include VA01 (create sales order)...read more