Finance FAQs

Do you have any questions for me?
Always have some questions prepared. Questions prepared where you will be an asset to the organization are good. How soon will I be able to be productive? and What type of projects will I be able to assist on? are examples. More »
What is Cost Accounting?
This can be described as the process of accumulating, measuring, analyzing, interpreting and reporting cost information that is both useful and relevant to the internal and external stakeholders of a business entity. External stakeholders are thos...... More »
What is difference between cost accounting and financial accounting?
The difference between "cost accounting" and "financial accounting are terms refer to the accounting techniques used internally by a company's management to determine the costs of running the business and help in decision making. For example, ...... More »
What is the cost sheet?
Cost sheet is a statement of cost for a product for given period of time. ...... More »
What are the variable costs?
Variable costs are those that are directly proportionate with the quantity of production and or directly associated with the service. Variable costs are the costs that change depending on how many products you sell or how many services yo...... More »
Wat is BEP in Cost Accounting?
The level of activity at which total revenues equal total costs. A point at which there is no profit and no loss. ...... More »
Tell me about a time when you helped resolve a dispute between others.
Pick a specific incident. Concentrate on your problem solving technique and not the dispute you settled. ...... More »
What are you looking for in a job?
Stay away from a specific job. You cannot win. If you say the job you are contending for is it, you strain credibility. If you say another job is it, you plant the suspicion that you will be dissatisfied with this position if hi...... More »
What is your philosophy towards work?
The interviewer is not looking for a long or flowery dissertation here. Do you have strong feelings that the job gets done? Yes. That's the type of answer that works best here. Short and positive, showing a benefit to the or...... More »
How do I price a Bermudan swaption in Libor market model using Longstaff and Schwartz method?
Longstaff and Schwartz calculated the bermudan swaption on String model, which is equivalent to LMM model for finite maturities. String model though directly models the bond price dynamics instead of forward rate dynamics as in LMM. Conside...... More »