TSMT Technology India Accounts & Finance Executive Interview Questions and Answers

Planning is the process of setting goals, determining actions to achieve those goals, and allocating resources effectively.

• Setting specific, measurable, achievable, relevant, and time-bound (SMART) goals

• Creating a detailed plan of action to achieve the goals

• Allocating resources such as time, money, and manpower efficiently

• Monitoring progress and making adjustments as needed

• Examples: Financial planning for a company's b...read more

A financial model is built to forecast future financial performance of a company or project.

• Identify the purpose of the financial model (e.g. budgeting, valuation, forecasting)

• Gather historical financial data and relevant assumptions

• Create income statement, balance sheet, and cash flow statement projections

• Perform sensitivity analysis to assess the impact of different variables

• Validate the model by comparing actual res

Depreciation is the allocation of the cost of a tangible asset over its useful life.

• Depreciation is a non-cash expense that reduces the value of an asset over time.

• It reflects the wear and tear, obsolescence, or decrease in value of an asset.

• Common methods of calculating depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a machine for $10,000 with a useful...read more

Budgeting is the process of creating a plan to manage income and expenses over a specific period of time.

• Budgeting involves setting financial goals and creating a detailed plan to achieve them.

• It helps in tracking income, expenses, and savings to ensure financial stability.

• Budgeting can be done on a personal level, for businesses, or for specific projects.

• Examples of budgeting tools include spreadsheets, budgeting apps