Associate Director Finance Interview Questions and Answers

The three principles of accounting are the revenue recognition principle, the matching principle, and the historical cost principle.

• Revenue recognition principle: Revenue is recognized when it is earned, not necessarily when cash is received. For example, a company sells goods on credit and recognizes the revenue at the time of sale.

• Matching principle: Expenses should be matched with revenues in the period they are incurred, not necessarily when they are paid. For example, if...read more

A biotech company is a company that uses biological processes to develop products and technologies for various industries.

• Biotech companies focus on using living organisms or their derivatives to create products or processes.

• They often work in industries such as healthcare, agriculture, and environmental science.

• Examples of biotech companies include Amgen, Biogen, and Gilead Sciences.