Interview Questions Answers.ORG
Interviewer And Interviewee Guide
Interviews
Quizzes
Home
Quizzes
Interviews Financial Account Interviews:Associate Finance ExecutiveBilling CoordinatorBilling SpecialistBudget AnalystCash ClerkCashier AssistantCFOClaim ClerkCommercial Loan OfficerDeath Benefits ClerkFinance AnalystFinancial AdministratorFinancial ControllerFinancial PlannerFinancial SpecialistHedge Fund TraderIncome Tax ExpertInsurance AgentWestern Union
Copyright © 2018. All Rights Reserved
Associate Finance Executive Interview Question:
Suppose I buy a piece of equipment, walk me through the impact on the 3 financial statements?
Submitted by: MuhammadInitially, there is no impact (income statement); cash goes down, while PP&E goes up (balance sheet), and the purchase of PP&E is a cash outflow (cash flow statement)
Over the life of the asset: depreciation reduces net income (income statement); PP&E goes down by depreciation, while retained earnings go down (balance sheet); and depreciation is added back (because it is a non-cash expense that reduced net income) in the cash from operations section (cash flow statement).
Submitted by: Muhammad
Over the life of the asset: depreciation reduces net income (income statement); PP&E goes down by depreciation, while retained earnings go down (balance sheet); and depreciation is added back (because it is a non-cash expense that reduced net income) in the cash from operations section (cash flow statement).
Submitted by: Muhammad
Copyright 2007-2024 by Interview Questions Answers .ORG All Rights Reserved.
https://InterviewQuestionsAnswers.ORG.
https://InterviewQuestionsAnswers.ORG.