TCS Finance Officer Interview Questions and Answers

Q1. Account payable?
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Q2. Difference between Profit & Revenue
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Q1. What is the capital market?
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Q1. What is contingent liabilities
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Contingent liabilities are potential liabilities that may arise in the future depending on the outcome of certain events.
• Contingent liabilities are not recorded on the balance sheet but disclosed in the footnotes.

• They are dependent on a future event occurring or not occurring.

• Examples include lawsuits, warranties, and guarantees.

• If the contingent liability is probable and the amount can be estimated, it should be recor
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Q2. What is provision
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Provision is an amount set aside in financial statements to cover anticipated future expenses or losses.
• Provision is a liability that is recognized on the balance sheet.

• It is used to account for potential future expenses or losses that are uncertain but likely to occur.

• Examples of provisions include bad debt provisions, warranty provisions, and restructuring provisions.
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Its related to accounting concepts

Q1. Anything can related to accounts
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Q1. Tell me about yourself
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Experienced finance executive with a strong background in financial analysis and strategic planning.
• Over 10 years of experience in finance roles

• Expertise in financial modeling and forecasting

• Proven track record of driving profitability and growth

• Strong leadership and communication skills

• Previously worked as a Finance Manager at XYZ Company
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Q2. What is accounting
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Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business.
• Accounting involves recording financial transactions such as sales, purchases, and expenses.

• It includes summarizing the financial data into financial statements like balance sheets and income statements.

• Accounting also involves analyzing the financial information to provide insights for decision-making.

• Rep...read more
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Q1. About revenue recognition
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Q2. Forecasting, Budgeting
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