Financial Accountant Interview Questions and Answers for Freshers

Financial taxation refers to the process of levying taxes on financial transactions and assets.

• Financial taxation includes taxes on income, capital gains, dividends, and interest.

• It also involves taxes on property, sales, and value-added tax (VAT).

• Governments use financial taxation to generate revenue and regulate economic activity.

• Tax laws and regulations vary by country and can be complex.

• Examples of financial taxation include income tax in the US, VAT in the UK, and capita...read more

FICO stands for Fair Isaac Corporation. It is a data analytics company that provides credit scoring services.

• FICO is a widely used credit scoring system in the United States.

• It helps lenders assess the creditworthiness of individuals and businesses.

• The FICO score ranges from 300 to 850, with higher scores indicating lower credit risk.

• It takes into account factors such as payment history, credit utilization, length of credit history, and types of credit used.

• Lenders use FICO s...read more

SAP is a leading enterprise resource planning (ERP) software used by businesses for financial management and accounting.

• SAP is a comprehensive software solution that integrates various financial processes such as general ledger, accounts payable, accounts receivable, and financial reporting.

• It provides real-time financial data and analytics, enabling accurate financial planning and decision-making.

• SAP offers features like automated financial transactions, budgeting, forecasti...read more