Accounts Manager Bfsi Interview Questions and Answers

Accounting focuses on recording and reporting financial transactions, while finance deals with managing assets and liabilities.

• Accounting involves recording, classifying, and summarizing financial transactions.

• Finance involves managing assets, liabilities, and investments to achieve financial goals.

• Accounting provides historical financial information, while finance focuses on future financial planning.

• Accounting is more about compliance and accuracy, while finance is about de...read more

Bank reconciliation statement is a document that matches the balance in a company's accounting records to the balance shown on the bank statement.

• Bank reconciliation statement is prepared to ensure the accuracy of the financial records.

• It compares the company's internal records of transactions with the bank's records.

• Discrepancies between the two balances are identified and resolved.

• Common reasons for discrepancies include outstanding checks, deposits in transit, bank fees, a...read more

New technology in Investment Banking is revolutionizing the industry by improving efficiency, accuracy, and security.

• Blockchain technology is being used for secure and transparent transactions.

• Artificial intelligence and machine learning are being utilized for data analysis and risk management.

• Robotic process automation is streamlining back-office operations.

• Cloud computing is enabling remote access to data and applications.

• Mobile banking apps are providing convenient access ...read more