These Interview Questions prepared by www.zarinews.com. 4-Dividend ... Retained Earnings are a part of company's net inc
Interview Questions & Answers Suitable for Every Job These Interview Questions prepared by www.zarinews.com
4-Dividend warrant given on EBIT or Net Profit?
co
4-Difference b/w retained earnings & reserves?
m
A document that shows that shareholder is entitle to a dividend and given EBIT.
in
ew
s.
Retained Earnings are a part of company's net income which is left after paying out dividends to shareholders. Reserves are a part of retained earnings that is appropriated for a specific purpose. It is kept by the entity for reinvesting it in the main business.
ar
6-Difference b/w Accrued exp & deffered tax liability?
w w .z
is an account on a company's balance sheet that is a result of temporary differences between the company's accounting and tax carrying values
w
7-Lease types? http://accountlearning.com/different-types-of-leases/ 10-Depreciation part of income statement or balance sheet? Dep exp report in income statement and accumulate dep report in balance sheet. 12-State bank governor? Ashraf mehmood wahtra 17-What do u know about BOK? The Bank of Khyber is a provincial government bank owned by Government of Khyber Pakhtunkhwa and based in Peshawar, Pakistan, with 130 branches all over the country. It was set up as a state-owned, regional bank in 1991 along with the
Bank of Punjab and the First Women Bank. It offers Conventional banking, Islamic banking services and microfinance loans. [1]. The bank had an initial public offering of its shares at Karachi Stock Exchange in January 2006. 18-USA foreign minister? John Kerry
m
2.difference b/w depreciation and amortization
s.
in
5.75 7. Asset liability Mgmt & forex
ew
4. industry benchmark interest rate
co
Amortization is charge on intangible asset and dep charge on tangible assets.
w w .z
ar
a mechanism to address the risk faced by a bank due to a mismatch between assets and liabilities and Forex to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded. difference b/w common stock and preferred stock
w
Preferred share which entitles the holder to a fixed dividend, whose payment takes priority over that of ordinary share dividends. Paid up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is only created when a company sells its shares on the primary market directly to investors. Authorized capital is the maximum amount of capital which a company can raise through sale of its shares memorandum of association and article of association
AOA a document that contains the purpose of the company as well as the duties and responsibilities of its members Auditor's report is a written opinion of an auditor regarding an entity's financial statements. The report is written in a standard format, as mandated by generally accepted auditing standards (GAAS) notes in financial statements
co
m
Also, known as footnotes that provides additional information’s regarding company operations and financial position. Capital budgeting techniques.
ew
s.
Npv, IRR, Payback period, discounted cash flows liquidity risk.
Banker bank
w w .z
roles of state bank,
ar
in
When a company is unable to meet short term financial demand and it occurs when it’s difficult to convert hard assets into cash.
Lender of the last resort
w
Clearing house
Bank to the govt Issue notes Credit control Economic development Development of credit institute Development of capital market
Foreign exchange reserves Make monetary and fiscal policy to control inflation. monetary policy, It is a process by which monetary authority of a country control the supply of money for the purpose of control inflation and interest rate and stable prices. interest rate effect, interest rates affect expenditures
m
open market operations?
s.
co
buying and selling govt securities
ew
relation between unemployment and inflation. how to control inflation..??
w w .z
General Banking
ar
in
Inverse, If you can control the growth of the money supply, then you should be able to bring inflation under control.
w
General Banking Department is considered as the direct customer service center. It is the starting point of all the banking operation. It opens new accounts, remits funds, honor cheque, takes deposits, issues bank draft and pay order etc. Account opening section Clearing section Cash section Remittance
Finance is the science of planning the distribution of a business' assets. Accounting is the art of the recording and reporting financial transactions. Financial Accounting in which transactions are recorded, summarized, and presented in a financial statement such as an income statement or a balance sheet.
Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders. Financial accounting is required by law while management accounting is not. Financial management is concerned with the acquisition, financing, and management of assets with some overall goal in mind. Auditing, is the process of reviewing a business' activities, A systematic way to maintain the books of accounts is Book Keeping.
co
m
If we talk about cost accounting, it has a quantitative approach, but the management accounting gives emphasis on both quantitative and qualitative data.
s.
financial information is presented in a structured manner and in a form, easy to understand.
ew
Accounting Period is the period for which books are balanced and the financial statements are prepared.
ar
in
"Economic entity assumption" states that the activities of the entity are to be kept separate from the activities of its owner.
w w .z
GAAP is rules and guidelines that a company must follow when reporting financial data.
w
The payback period is the length of time required to recover the cost of an investment. Discounting Cash Flows is to estimate the attractiveness of an investment opportunity. IRR' The discount rate often used in capital budgeting that makes the net present value of all cash flows from a particular project equal to zero. Why do you want to work at our company? Because, I need a platform where I can enhance my skill and knowledge. It's a golden opportunity for me that, I can explore my talent and skills in this organization.
My strengths are: 1. I am honest. 2. I am very friendly. 3. Understand anything easily. 4. I can work under pressure. My weaknesses are: 1: I think too much. 2. I can trust anyone easily. 3. I am not so talkative.
m
Hard work depends on strength while smart work depends on intelligence.
s.
co
Sir, I don't think working nights and weekends are not good for my mental and physical health. But if the company needs my presence at nights and weekends for its growth and success I will definitely work for it.
ew
Yes sir, because sitting in front of you it's a pressure to me but I feel it's a great opportunity to prove myself.
ar
in
My short term goal is to get best position in your company and my long term goal is to get respectable position in your company.
w w .z
I get angry when people blame me for something I didn't do. Are not you overqualified for this position?
w
That not means that I can't fit this job. It just an extra knowledge I have Outside Interest, I like to know about something new day by day. Always try to find out new that helps me to lead on. I never had any tough decision till now, but I think my life has just started now and there will be tough decision to take. After 5 years, I want to see myself, not as an employee, but as an asset for the company. Pretend you’re our CEO. What three concerns about the company’s future keep you up at night?
co m
2) What I have done today?
in e
3) What I am going to do tomorrow?
w s.
1) What I have done yesterday?
These are the 3 possible things that can keep you up at night.
w .z ar
What’s the most interesting thing about you that we wouldn’t learn from your resume alone?
w
w
I always try to found new ways that helps me to lead on.
