The 15 Capital IQ Interview Questions | MBA Finance
Interview Questions | Capital IQ Finance Interview Questions | Capital IQ Interview
Questions at msdynamicsaxjobs.blogspot.com | Capital IQ Interview Questions 15
are given below...
Operating
costing:
It is used in the case of concerns
rendering services like transport. Ex:- Supply of water, Retail trade, etc…….
Costing: Cost
accounting is the recording classifying the expenditure for the determination
of the costs of products for the purpuses of control of the costs.
Rectification
of errors:
Are occur while preparing accounting statements are rectified by replacing it
by the currect one.Errors are like:
Errors of posting, Errors of accounting etc…………..
Absorbtion:
When a company purchases the business of another existing company that is
called absorbtion.
Mergers:
A merger refers to a combination of two or more companies into one company.
Variance
analysis:
The deviations b/w standard costs,
profit or sales and actual costs. Profits are sales are known as variances.
Types
of variances:
4 Types this are: 1.Material variances
2.Labour ””
3.Cost ””
4.Sales or profit ””
Generai
reserves:
Are not created for any specific purpose
and are avaliable for any future contingency or expension of the business.
Specific
reserves:
Which are created for a specific purpose and can be utilized only for that
purpose. EX: Dividend equilisation
reserve, Debenture redemption reserve.
Provisions: There
are many risks & uncertainities in business. In order to protect from risks
& uncertainities, it is necessary to provisions and reserves in every
business.
Reserve: Are
amounts appropriated out of profits which are not intended to meet any
liability, contingency, commitment in the value of assets known to at the date
of the B/S.
Creation of the reserve is to increase
the workingcapital in the business and strengthen its financial position. Some
times it is invested to purchase out side securities then it is called reserve fund.
Types:1.
Capital reserve: It is created out of
capital pofits like premium on the issue of shares, profits and sale of assets,
etc ….....This reserve is not avaliable to distribute as dividend among
shareholders.
2.Revenue
reserve: Any reserve which is avaliable for
distribution as dividend to the shareholders is called revenue reserve.
Provisions
V/S reserves:
1. Provisions are created for some specific
object and it must be utilised for that object for which it is created.
Reserve is created for any future liability or loss.
2.Provisions
is made because of legal necessity but creating a reserve is a matter os
financial strength.
3.Provision
must be charged to profit and loss a/c
before calculating the net profit or loss but reserve can be made only when
there is profit.
4.Provision
reduce the net profit and are not invested in outside securities reserve amount
can invested in outside securities.
Goodwill: It
is the value of repetition of a firm in respect of the profits expected in
future over and above the normal profits arned by other similar firms belonging
to the same industry.
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