ZS Senior Finance Associate Interview Questions, Process, and Tips

Revenue recognition is the process of recording revenue in the financial statements when it is earned, regardless of when the payment is received.

• Revenue recognition is a key accounting principle that determines when revenue should be recorded in the financial statements.

• Revenue is typically recognized when it is earned, meaning when goods or services are delivered or performed.

• The timing of revenue recognition can var...read more

Yes, I have extensive experience with invoicing and collections in my previous roles.

• Managed invoicing process for multiple clients, ensuring accuracy and timeliness

• Implemented collection strategies to reduce outstanding balances and improve cash flow

• Utilized accounting software to track invoices and monitor collections progress

• Communicated with clients regarding payment reminders and resolution of billing discrepancie

Cash is recognized in a business when it is received or paid out, following the principles of accrual accounting.

• Cash is recognized when it is received from customers for goods or services provided.

• Cash is recognized when it is paid out for expenses incurred by the business.

• Cash transactions are recorded in the cash account on the balance sheet.

• Accrual accounting principles dictate that revenue is recognized when earne...read more

Different methods of pricing include cost-plus pricing, value-based pricing, competitive pricing, and dynamic pricing.

• Cost-plus pricing involves adding a markup to the cost of production to determine the selling price.

• Value-based pricing sets prices based on the perceived value to the customer rather than the cost of production.

• Competitive pricing involves setting prices based on what competitors are charging for simil...read more