Total Solution Finance Executive Interview Questions and Answers

The number of agents under me varies depending on the project and team size.

• The number of agents can range from a few to several dozen.

• It also depends on the level of responsibility and complexity of the project.

• For example, in my previous project, I had 12 agents under me, while in another project, I had 25.

• I ensure that I have the right number of agents to effectively manage the project and meet the client's expectat...read more

Yes, I am open to relocating anywhere in India for the right opportunity and to contribute effectively to the team.

• I have previously relocated for work, such as moving from Mumbai to Bangalore for a project.

• I understand the importance of being flexible in a leadership role to meet team and organizational needs.

• Relocating allows me to gain diverse experiences and insights from different regions, enhancing my leadership ...read more

Accrual is recognizing revenue or expenses before cash is exchanged. Prepaid is recognizing payment before goods or services are received.

• Accrual is a method of accounting that recognizes revenue or expenses before cash is exchanged.

• Prepaid is a method of accounting that recognizes payment before goods or services are received.

• Accruals are used to match revenue and expenses to the period in which they are earned or inc...read more

Journal entries record financial transactions in accounting, reflecting changes in accounts.

• Debit and credit rules: Debits increase assets/expenses, credits increase liabilities/revenues.

• Example: Purchasing inventory for cash: Debit Inventory, Credit Cash.

• Example: Receiving cash from a customer: Debit Cash, Credit Accounts Receivable.

• Adjusting entries: Made at period-end to update account balances, e.g., accrued expens...read more