Veeraraghavan & Company Finance Executive Interview Questions and Answers

I have over 10 years of experience in finance and accounts, including managing budgets, financial reporting, and overseeing audits.

• Managed financial reporting processes for monthly, quarterly, and annual statements

• Led budget planning and analysis to ensure financial goals were met

• Oversaw internal and external audits to ensure compliance with regulations

• Implemented cost-saving measures to improve overall financial perfo

INDAS 115 is a new accounting standard that governs revenue recognition from contracts with customers.

• INDAS 115 replaces the previous accounting standard INDAS 18

• It requires companies to recognize revenue when goods or services are transferred to customers in an amount that reflects the consideration to which the company expects to be entitled

• The standard also requires companies to disclose information about the nature...read more

INDAS 116 Leases is a new accounting standard that changes the way leases are accounted for.

• Under INDAS 116, lessees are required to recognize all leases on their balance sheet as a right-of-use asset and a lease liability.

• This standard eliminates the distinction between operating and finance leases.

• Lessees must now recognize interest and depreciation expenses separately on their income statement.

• INDAS 116 also introdu...read more

Bookkeeping is the process of recording and organizing financial transactions of a business.

• Bookkeeping involves recording all financial transactions, such as sales, purchases, and expenses.

• It helps in maintaining accurate financial records and tracking the financial health of a business.

• Bookkeeping includes tasks like recording transactions in journals, posting entries to ledgers, and preparing financial statements.

• It...read more

Accounting is the process of recording, summarizing, and analyzing financial transactions of a business.

• Accounting involves the systematic recording of financial transactions.

• It includes summarizing and organizing financial data into financial statements.

• Accounting also involves analyzing financial information to provide insights and make informed decisions.

• Examples of accounting activities include bookkeeping, prepari...read more