Revenue Associate

filter-iconFilter interviews by

Revenue Associate Interview Questions and Answers

Updated 9 Apr 2022

Q1. What is GAAP & SOX Audit?

Ans.

GAAP & SOX Audit are accounting standards that ensure financial reporting accuracy and prevent fraud.

  • GAAP (Generally Accepted Accounting Principles) is a set of accounting standards that companies must follow when preparing financial statements.

  • SOX (Sarbanes-Oxley Act) is a law that requires companies to establish internal controls and procedures to prevent financial fraud.

  • SOX also requires companies to have an external audit of their financial statements to ensure compliance...read more

Q2. What is Revenue Accruals ?

Ans.

Revenue Accruals are the recognition of revenue earned but not yet received or invoiced.

  • Revenue that has been earned but not yet invoiced is recorded as a revenue accrual.

  • Revenue accruals are used to match revenue with the period in which it was earned.

  • Revenue accruals are adjusted at the end of each accounting period to reflect the actual revenue earned.

  • Examples of revenue accruals include unbilled services, goods shipped but not yet invoiced, and revenue from long-term cont...read more

Q3. How to recognise revenue ?

Ans.

Revenue recognition is the process of identifying and recording revenue earned by a company.

  • Revenue is recognized when it is earned and realizable

  • Revenue is earned when goods or services are delivered

  • Revenue is realizable when payment is expected

  • Revenue is recognized at the fair value of the consideration received or receivable

  • Revenue recognition principles vary by industry and accounting standards

Are these interview questions helpful?
Interview Tips & Stories
Ace your next interview with expert advice and inspiring stories

Interview experiences of popular companies

3.8
 • 173 Interviews
3.7
 • 117 Interviews
View all

Calculate your in-hand salary

Confused about how your in-hand salary is calculated? Enter your annual salary (CTC) and get your in-hand salary

Recently Viewed
DESIGNATION
SALARIES
Tech Mahindra
DESIGNATION
SALARIES
Tech Mahindra
REVIEWS
Tech Mahindra
No Reviews
REVIEWS
Tech Mahindra
No Reviews
REVIEWS
Tech Mahindra
No Reviews
SALARIES
Tech Mahindra
REVIEWS
Tech Mahindra
No Reviews
REVIEWS
Tech Mahindra
No Reviews
Revenue Associate Interview Questions
Share an Interview
Stay ahead in your career. Get AmbitionBox app
qr-code
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+

Reviews

4 L+

Interviews

4 Cr+

Salaries

1 Cr+

Users/Month

Contribute to help millions

Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.

Follow us
  • Youtube
  • Instagram
  • LinkedIn
  • Facebook
  • Twitter