Interview Questions

Q:

Generally accepted accounting principles are

Answer

Generally Accepted Accounting Principles (GAAP) are basic accounting principles and guidelines are concepts that govern the field of accounting.


 


Accounting principles and guidelines include :


 


* Business Entity Assumption


* Accounting Period


* Historical Cost Concept


* Full Disclosure Principle


* Cost Principle


* Matching Principle


* Materiality


* Monetary Unit Assumption.

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Q:

A data warehouse is composed of

A) current data B) internal and external data sources
C) historical data from legacy systems D) historical & current data
 
Answer & Explanation Answer: C) historical data from legacy systems

Explanation:

A data warehouse is a relational database that is designed for query and analysis rather than transaction processing. It usually contains historical data that is derived from transaction data, but it can include data from other sources. Data warehouses are designed to help you analyze your data.

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Q:

What is normal blood pressure for 50 year old woman?

Answer

Generally, as we human beings get older have a slight rise in our blood pressure as a result of increase in the demand of oxygen and nutrients. Blood pressure is determined by the amount of blood pumped by the heart and how easily blood flows through arteries. 


Normal blood pressure is 120/80.


 


Normal blood pressure for 50 year old woman have a systolic pressure of, at a minimum, 116; average, 129, and at a maximum, 142. Her diastolic pressure should be 81, at a minimum; 85, average and 89, at a maximum.

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Q:

Comments are

A) Explain program logic B) Non Executable statements in program
C) Both A & B D) Executable statements in program
 
Answer & Explanation Answer: C) Both A & B

Explanation:

Comments are Non Executable statements in program & Explain program logic.

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Filed Under: Application Development - Technology
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Managerial accounting information is generally prepared for

A) creditors B) regulatory agencies
C) shareholders D) managers
 
Answer & Explanation Answer: D) managers

Explanation:

Managerial accounting information is generally prepared for managers of an organization. It is also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals. 

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Filed Under: Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

When have you had to adapt to change in the workplace?

Answer

Being able to adapt to change in the workplace is an essential skill to possess because change is inevitable. The interviewer would like to know about a time you were required to adapt to change in the workplace. 


Sample answer in my view is to be "In my current management position, it was a lot of change to handle in a short time, especially being unsure of who to report to ahead of others and it took a little while to adjust. The training component of my staff was not easy either. However, in the end, it was worth it to secure such a high profile."

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