Employee Relations Officer Interview Questions and Answers

Accounting abbreviations refer to shortened forms of accounting terms used for efficiency and clarity.

• Accounting abbreviations are commonly used in financial statements and reports.

• Examples include: COGS (Cost of Goods Sold), EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), GAAP (Generally Accepted Accounting Principles).

Basics of accounting involve recording, analyzing, and reporting financial transactions.

• Recording financial transactions in journals and ledgers

• Analyzing financial data to assess the financial health of a company

• Preparing financial statements such as balance sheets and income statements

• Understanding debits and credits in double-entry accounting

• Following Generally Accepted Accounting Principles (GAAP)

• Utilizing accounting software like QuickBooks or SAP

• Reconciling bank statemen...read more

Applicable means relevant or suitable for a particular purpose or situation.

• Applicable refers to something that is relevant or suitable for a specific purpose or situation.

• It is often used in legal contexts to describe laws or regulations that are relevant to a particular case.

• For example, the new policy is only applicable to employees hired after January 1st.

• Another example is that the discount is applicable only on select items.

• Synonyms include relevant, appropriate, fittin...read more