A certified financial accountant should have knowledge about
☛ Accounting principles and practices
☛ Reporting and analysis of financial data
☛ Auditing practices and principles
☛ Account management
☛ Budgets
☛ Software knowledge dealing with Accounting
☛ Knowledge of relevant laws, codes and regulations
Tell me the types of ledger?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
What is double-entry accounting? Explain with an example?
Explain the meaning of long-term notes payable is or long term liabilities?
Can you differentiate between provision and reserve?
Tell us whether the account “Cash” will be credited or debited, when a company pays a bill?
Tell us what do we mean by purchase return in accounting?
What does the investment of personal assets by the owner will do?
Which account is responsible for interest payable?
What is Bad debt expense?
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