Accounting Trainee Interview Questions and Answers

Accounting involves recording, analyzing, and reporting financial transactions of an organization.

• Accounting is the process of recording financial transactions.

• It involves analyzing and interpreting financial data.

• Accounting helps in preparing financial statements like balance sheets and income statements.

• It ensures compliance with financial regulations and tax laws.

• Examples of accounting tasks include bookkeeping, budgeting, and auditing.

SAP is an enterprise resource planning software used for managing business operations and customer relations.

• SAP stands for Systems, Applications, and Products in Data Processing.

• It is widely used by organizations to integrate various business functions such as finance, sales, and inventory management.

• SAP provides real-time data processing and analytics to support decision-making.

• It offers modules for different business processes like finance and accounting, human resources, ...read more