White Lotus International School Manager OPS Interview Questions and Answers for Experienced

Bank reconciliation is the process of comparing a company's records of its bank account with the bank's records to ensure they match.

• Bank reconciliation involves comparing the balance in the company's accounting records with the balance shown on the bank statement.

• It helps identify any discrepancies such as outstanding checks, deposits in transit, or bank errors.

• The goal of bank reconciliation is to ensure the accuracy...read more

My daily work routine involves overseeing daily operations, managing staff, analyzing data, and implementing process improvements.

• Reviewing daily reports and performance metrics

• Holding team meetings to discuss goals and priorities

• Assigning tasks and delegating responsibilities

• Identifying areas for improvement and implementing changes

• Collaborating with other departments to ensure smooth operations

To identify a company's financial condition, you need to look at its balance sheet, income statement, and cash flow statement.

• Examine the balance sheet to assess assets, liabilities, and equity.

• Review the income statement to analyze revenue, expenses, and profitability.

• Study the cash flow statement to understand the company's cash inflows and outflows.