SAP FICO Interviw Questions for Freshers

75.        Functions of financial manager:

·         Investment decision

·         Dividend decision

·         Finance decision

·         Cash management decisions

·         Performance evaluation 

·         Market impact analysis

205.      Methods of depreciation:

Unirorm charge methods:                

·         Fixed installment method

·         Depletion method

·         Machine hour rate method.

Declining charge methods:

·         Diminishing balance method

·         Sum of years digits method

·         Double declining method

Other methods :

·         Group depreciation method

·         Inventory system of depreciation

·         Annuity method

Depreciation fund method

                        Insurance policy method.

228.      Difference between joint venture and partner ship:

·         In joint venture the business is carried on without using a firm name, In the partnership, the business  is carried on under a firm name.

·         In the joint venture, the business transactions are recorded under cash system In the partnership, the business transactions are recorded under mercantile system. In the joint venture, profit and loss is ascertained on completion of the venture In the partner ship , profit and loss is ascertained at the end of each year.

·         In the joint venture, it is confined to a particular operation and it is temporary. In the partnership, it is confined to a particular operation and it is permanent.

229.      Meaning of Working Capital: The funds available for conducting day to day operations of an enterprise. Also    represented by the excess of current assets over current liabilities.

low statement:

·         A Cash flow statement is concerned only with the change in cash position while a funds flow analysis is concerned with change in working capital position between two balance sheet dates.

·         A cash flow statement is merely a record of cash receipts and disbursements. While studying the short-term solvency of a business one is interested not only in cash balance but also in the assets which are easily convertible into cash.

282.      Difference Between the Funds flow and Income statement :

·         A funds flow statement deals with the financial resource required for running the business activities. It explains how were the funds obtained and how were they used, Whereas an income statement discloses the results of the business activities,   i.e., how much has been earned and how it has been spent.

·         A funds flow statement matches the “funds raised” and “funds applied” during a particular period. The source and application of funds may be of capital as well as of revenue nature. An income statement matches the incomes of a period with the expenditure of that period, which are both of a revenue nature.

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