Finance FAQs

What is the difference between SAP MEMORY and ABAP MEMORY?
SAP Memory: Global, user-related memory that extends beyond transaction limits. Access to the SAP memory is via SPA/GPA parameters. ABAP Memory: Memory area within each main session, which can be accessed by programs using the EXPORT and...... More »
Describe any accounting process that you have developed or revised.
Highlight how you have monitored and analyzed work processes to develop more efficient procedures and use of resources while still maintaining accurate and quality work outputs. ...... More »
Does the accounting system appear to facilitate one specialty from financial, auditing, or cost managerial or tax accounting over the others?
The elegance of Accounting is that it is a purveyor of information, organized into systems, and exploited for a particular purpose. That is because Accounting is vague. Interestingly, information from accounting can be split into to methods: 1. Va...... More »
Give me examples of the accounting reports you have prepared.
Demonstrate your experience in maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements and reporting. Discuss your ability to meet tight deadlines and undertake a multitude of accounting activ...... More »
What is the difference of Cost Accounting and Financial Accounting?
Financial accounting encompasses all account presented on the face of the financial statement, its presentation, recognition, measurement and disclosures. Where as cost accounting is only focused on the cost of inventory. ...... More »
What are the most important goals of accounts receivable?
These goals will depend on the needs of the organization. Show how you are aware of organizational needs and then identify the appropriate goals to meet them. Demonstrate a thorough understanding of what the goals express and how they support depa...... More »
What was your average accounts receivable days outstanding/days sales outstanding?
If relevant, discuss any corrective action taken to reduce this figure. ...... More »
What information is included in a bill for services?
List the information, make sure you cover everything and highlight your attention to detail. Include a sample of a bill for service that you created in your interview portfolio. ...... More »
What software applications have your used for accounts receivable?
List the applications you have used and expand on the value of the solutions they offered to your particular company. Look at aspects such as tracking transactions, assessing late payments, creating past due notices and printing out relevant repor...... More »
What role did you play in collections?
Again focus on the skills and abilities you bring to the collections function. Demonstrate how you have used your good interpersonal skills, perseverance, ability to managing conflict, negotiation skills and communication ability for successful co...... More »