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June 16th, 2014, 12:27 PM
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Join Date: Mar 2012
Re: MBA finance interview questions

As per your request here I am sharing some MBA finance interview questions:

What are the various streams of accounting?
Explain Financial Accounting. What are its characteristic features?
Compare Financial Accounting and Management Accounting
Compare Cost Accounting and Management Accounting
What is the scope of finance function? What are the goals of finance function? What is the relation of finance function to other functions of a business enterprise?
Explain the following: a)Business Entity Concept b)Dual Aspect Concept c)Going Concern Concept d)Accounting Period Concept e)Cost Concept f)Money Measurement Concept g)Marketing Concept
What are capital expenditures? Is it Ok to consider these expenditures while calculating the profitability of during a certain period? Explain your answer.
Explain deferred expenditures. How are these expenses dealt with in profitability statement?
Explain Real Accounts. List different accounts consisting real accounts in practical circumstances
What is the principal of Double Entry system of accounting? What are the advantages of Double Entry system of accounting?.
What is depreciation? What are the causes of depreciation? Is it a cost? Why?
What is the need of depreciation account?
What is the effect of depreciation of assets on profits received by owners?.
How would you deal with following while preparing final accounts? a.) Closing Stock b.) Depreciation c.) Outstanding Expenses d.) Prepaid Expenses e.) Accrued Income f.) Income receieved in advance g.) Bad debts h.) Provision for doubtful debts i.) Provision for discount on Debtors j.) Interest on Capital k.) Drawings l.) Deferred revenue expenditure written off m.) Abnormal Loss n.) Goods distributed as free samples o.) Goods sent on approval basis p.) Commission payable to the manager


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