Financial Reporter Interview Questions and Answers

Debtor Ageing Analysis is a method used to track and categorize the age of outstanding debts owed to a company.

• Debtor Ageing Analysis helps businesses understand the distribution of their outstanding debts by age.

• It categorizes debts based on how long they have been outstanding, such as current, 30 days past due, 60 days past due, etc.

• This analysis helps businesses identify potential cash flow issues and prioritize collection efforts.

• For example, a company may use Debtor Agei...read more

Ledger scrutiny is the process of examining financial records to ensure accuracy and compliance with regulations.

• It involves reviewing transactions, balances, and supporting documentation.

• Errors or discrepancies are identified and corrected during the scrutiny process.

• Ledger scrutiny helps in detecting fraud, ensuring transparency, and maintaining financial integrity.

• Examples include reconciling bank statements with accounting records and verifying expense claims against rece...read more