Accounts Head Interview Questions and Answers

Yes, I am well versed with the consolidation of annual accounts.

• I have extensive experience in consolidating annual accounts for multiple companies.

• I am familiar with the accounting principles and standards related to consolidation.

• I have successfully completed consolidation projects in my previous roles.

• I am proficient in using consolidation software and tools.

• I have a strong understanding of intercompany transactions and eliminations.

• I can prepare consolidated financial sta...read more

Effective controls on cash & funds management are crucial for financial stability.

• Establish clear policies and procedures for cash handling and disbursement.

• Segregate duties to prevent fraud and errors.

• Implement regular audits and reconciliations.

• Use technology to automate processes and enhance transparency.

• Train staff on proper cash handling and fraud prevention techniques.

• Monitor cash flow and maintain adequate reserves.

• Establish relationships with reputable financial insti...read more

The current TDS rate is 10%, IFRS is a set of accounting standards, and new RBI guidelines for NBFC focus on capital adequacy and risk management.

• The current TDS rate is 10% for most payments made to residents.

• IFRS stands for International Financial Reporting Standards and is a set of accounting standards used globally.

• The new RBI guidelines for NBFC focus on capital adequacy and risk management, including requirements for maintaining a minimum capital ratio and implementing ...read more

A voltmeter is used to measure voltage.

• A voltmeter is a device used to measure the electrical potential difference between two points in an electrical circuit.

• It is typically connected in parallel to the circuit being measured.

• Voltmeters can be analog or digital, with digital voltmeters providing a numerical readout of the voltage.

• Examples of voltmeter brands include Fluke, Agilent, and Tektronix.