VISTRA INTERNATIONAL EXPANSION Interview Questions, Process, and Tips

Finance leases transfer ownership risks, while operating leases are short-term rentals without ownership benefits.

• Finance Lease: Long-term lease where lessee assumes risks and rewards of ownership.

• Operating Lease: Short-term lease, often cancellable, where lessor retains ownership risks.

• Example of Finance Lease: Leasing machinery for a manufacturing plant with an option to buy.

• Example of Operating Lease: Renting office...read more

Raw materials are measured using various methods to ensure accuracy in quantity and quality for production processes.

• Weight Measurement: Raw materials are often measured by weight using scales. For example, flour in a bakery is measured in kilograms.

• Volume Measurement: Liquids and granular materials can be measured by volume using liters or cubic meters. For instance, oil is measured in liters.

• Count Measurement: Some r...read more

Understanding borrowing costs involves calculating interest and implementing effective financial strategies.

• Borrowing cost includes interest on loans, fees, and other costs associated with obtaining financing.

• Example: If a company takes a loan of $100,000 at an interest rate of 5%, the annual borrowing cost is $5,000.

• Implementing borrowing costs involves capitalizing costs during asset construction or expensing them as...read more

Vlookup is used in Excel to search for a value in a table and return a corresponding value. Adding sum with $ refers to using absolute references in formulas.

• Vlookup function searches for a value in the first column of a table and returns a value in the same row from a specified column.

• To add sum with $ in Excel, use absolute references by adding $ before the column letter and row number in a formula.

• Example: =VLOOKUP(...read more

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

• Accounting involves recording financial transactions, summarizing them in financial statements, analyzing the data, and reporting the results.

• Accounts receivable are amounts owed to a company by customers for goods or services provided. Accounts payable are amounts owed by a company to suppliers for goods ...read more

Depreciation methods are techniques used to allocate the cost of a tangible asset over its useful life.

• Depreciation methods include straight-line, double declining balance, units of production, and sum of the years' digits.

• Straight-line method evenly spreads the cost of an asset over its useful life.

• Double declining balance method accelerates depreciation in the early years of an asset's life.

• Units of production method...read more

Accounting standards are guidelines and rules set by regulatory bodies to ensure consistency and transparency in financial reporting.

• Accounting standards dictate how financial transactions should be recorded, reported, and disclosed in financial statements.

• They help ensure that financial information is accurate, reliable, and comparable across different organizations.

• Examples of accounting standards include GAAP (Gener...read more

IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).

• IFRS are a set of accounting standards used globally to ensure consistency and transparency in financial reporting.

• IFRS are principles-based, meaning they provide guidelines rather than specific rules.

• IFRS are designed to provide a common language for businesses to ...read more