Finance Officer Interview Questions and Answers

Balance sheet items can be revalued as per AS11 by using the fair value method.

• Revaluation is done by using the fair value method

• The increase or decrease in value is recorded in the balance sheet

• Revaluation is done for fixed assets, investments, and other long-term assets

• Revaluation is done periodically, usually once a year

Common employability skills include communication, teamwork, problem-solving, and adaptability.

• Communication skills: Ability to effectively convey information and ideas to others.

• Teamwork: Collaboration and cooperation with colleagues to achieve common goals.

• Problem-solving: Analyzing issues and finding solutions.

• Adaptability: Ability to adjust to new situations and handle changes.

• Customer conversation: Active listening, empathy, and clear communication to understand and addr...read more

Car loan disbursement involves verification of documents, loan approval, and transfer of funds to the dealer or borrower.

• The borrower submits the loan application along with required documents.

• The lender verifies the documents and approves the loan if the borrower meets the eligibility criteria.

• The lender then transfers the loan amount to the dealer or borrower's account.

• The borrower can then purchase the car and start repaying the loan as per the agreed terms.

Financial statement analysis involves examining various aspects of financial statements to evaluate a company's financial health.

• Financial statement analysis includes analyzing the income statement, balance sheet, and cash flow statement.

• Ratios such as liquidity ratios, profitability ratios, and solvency ratios are used to evaluate a company's financial performance.

• Trend analysis and benchmarking can also be used to compare a company's financial performance to industry standa...read more

Banking laws and practices refer to the regulations and procedures governing the operations of banks and financial institutions.

• Banking laws ensure the stability and integrity of the financial system.

• They regulate activities such as lending, deposit-taking, and money transfers.

• Examples of banking laws include the Dodd-Frank Act in the United States and the Basel III framework internationally.

• Practices in banking involve the day-to-day operations and procedures followed by ban...read more