Interview Questions

Various activities in SAP MM are : Inventory, Warehouse, Purchasing, Vendor evolution, Invoice varification, etc.

The C++ language provides a single global namespace.Namespaces allow to group entities like classes, objects and functions under a name.

It generates a bind run-unit and binds all the records for the sub-schema the program is referencing.

In international accounting LIFO and extraordinary items are prohibited

In international accounting, proposed dividend entry is made in the Year in which it is declared, but in Indian Accounting Standards Proposed Divided entry is passed in the year for which dividend is declared. e.g. Dividend for 09-10 declared in AGM on 14 Sept 2010, Financial (Accounting) Year = 2009-10

In Indian Accounting entry would be passed in 2009-10 Accounts books, but in International Accounting entry would be passed in the year 2010-11 Accounts books.

Tips for answering this question:

No matter what kind of job you’re after, you will be asked to talk about yourself in the interview. This allows the company to evaluate whether your professional and personal qualifications are suited to the job.

This is your opportunity to make a positive impression. It’s important that you spend the time talking about your qualifications and present yourself in a positive light.

Aviod repetition and practise

This should only take a few minutes, so you must be prepared to talk about yourself and your background without trying to say too much. It’s a very good idea to write down a few keywords and follow the points you’ve thought about in advance. This will help you to avoid repetition and include all of the important details.

Always remember to practise what you want to say. You may want to ask someone you know – your spouse, partner or a friend – if they’ll listen to what you intend to say. This will let you practise your presentation and assess how it sounds.

Use the template below for your preparation:

- A little bit about your personal life

     Where you live, About your family etc.

- Work experience

     Your education and training

     Which companies have you worked for?

- Your qualifications for this job

     Professional qualifications for the job

     Personal qualities in relation to job

Leave out stories about your former boss treating you badly ,Or that because of the heavy workload and poor working environment you were off sick for a prolonged period.

All of this may well be true and be a part of your background, but keep your eyes on the goal.Talk about the positives in terms of work experience, professional skills and human qualities.

After your presentation, the company will usually ask you some questions.

Questions to expect from a head of department :

What do you know about our company?

Why do you want to work for us?

Why should we take you on?

What aspects of a job are most important to you?

Where do you see yourself in five years?

What are your pay expectations?

How flexible are you?

Questions to expect from a HR officer :

Who are you?

What are your strengths/ weaknesses?

Would you mind taking a test?

What do you understand by a good working relationship?

What do you think of your current boss?

What would your former colleagues say about you?

How is your financial situation?

How many sick days have you had in the last year?

Are you willing to take further training?

What do you do in your spare time?

An accrued receivable is either a trade receivable or a non trade receivable for which a business has earned revenue, but for which it has not yet issued an invoice to the customer. You normally create an accrued receivable in either of the following scenarios:

* Milestone. A milestone has been reached in a contract with a customer, where you are clearly entitled to a specific, pre-defined amount, but the contract does not yet allow you to issue an invoice; or
* Services. The contract with the customer states that the customer will pay you for hours worked, rather than for a specific work product. For example, there may be 10 hours of work that will eventually be billed at a rate of $80 per hour, so you accrue the receivable for $800.

The journal entry to create an accrued receivable is a debit to an accounts receivable account, and a credit to the revenue account. It may be useful to create a unique general ledger account for accrued receivables, rather than using the main trade receivables account, in order to clearly show these transactions. In addition, you should set these journal entries to automatically reverse themselves in the next accounting period; you would then replace the accrual in the next period with the actual invoice (assuming that there is a billing event in the next period). If you are unable to create an invoice in the next period, then you should continue to accrue and reverse the revenue and accrued receivable in every period on a cumulative basis until you can eventually issue an invoice.

For example, ABC International has completed a milestone in a project to install a dam, though it is not allowed under the contract to issue an invoice more frequently than once a quarter. It therefore accrues revenue and a receivable of $50,000 at the end of January. The journal entry automatically reverses at the beginning of February. ABC then earns another $30,000 on the next project milestone in February, but is still contractually unable to issue an invoice. It therefore accrues revenue and a receivable of $80,000 in February. The journal entry automatically reverses at the beginning of March. ABC then earns another $70,000 on the next project milestone in March. It is allowed to issue a quarterly invoice at the end of March, so it issues an invoice for $150,000. By using accruals, ABC has recognized $50,000 of revenue and receivables in January, $30,000 in February, and $70,000 in March, rather than recognizing all $150,000 in March, when it issues an invoice to the customer.

You should not use accrued receivables if you cannot justify to an auditor that there is a clear obligation by the customer to pay the company for the amount of the accrued receivable. Otherwise, there is a presumption that the business has not yet reached the point where the customer has a clear obligation to pay. If you use accrued receivables, expect auditors to pay particular attention to their justification. For example, you should not accrue receivables in a case where a business is providing services under a fixed fee contract, and it earns revenue only when the entire project is complete and approved by the customer. Revenue has not really been earned prior to completion, so there should be no accrual prior to that point.

Fires when oracle forms first marks a record as an insert or an update. The trigger fires as soon as oracle forms determines through validation that the record should be processed by the next post or commit as an insert or update. Generally occurs only when the operators modifies the first item in the record, and after the operator attempts to navigate out of the item.

The financial statements should be prepared in the following order:

Income statement - Statement of retained earnings - Balance sheet

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.