⟩ MBA Finance Basics financial accounting interview questions
Explain the following:
★ Business Entity Concept
★ Dual Aspect Concept
★ Going Concern Concept
★ Accounting Period Concept
★ Cost Concept
★ Money Measurement Concept
★ Marketing Concept
Explain the following:
★ Business Entity Concept
★ Dual Aspect Concept
★ Going Concern Concept
★ Accounting Period Concept
★ Cost Concept
★ Money Measurement Concept
★ Marketing Concept
Suppose you have changed careers before. Why should I let you experiment on my nickel?
Tell me if you knew that things at your company were rocky, why didn't you get out of the company sooner?
Suppose I buy a piece of equipment, walk me through the impact on the 3 financial statements?
What if you work here for the five years and don't get promoted? Many of our employees don't. Won't you find it frustrating?
Tell us what is your biggest weakness that's really a weakness, and not a secret strength?
Tell me from your resume, it looks like you were fired twice. How did that make you feel?
Tell me why are increases in accounts receivable a cash reduction on the cash flow statement?
Tell us Is it possible for a company to show positive cash flows but be in grave trouble?
Will you be out to take my job as Associate Finance Executive?
Tell me how is the income statement linked to the balance sheet?