Accounting Interview Questions

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In what cases do you see customers paying upfront in cash but companies not recording the cash as revenue?
a year ago1 answer
What does the non-controlling interest line item on the liabilities side of a company's B/S correspond to?
5 months ago1 answer
What is the difference between a DTL and Income Tax Payable?
5 months ago1 answer
Buying a company for 1 billion with 50% cash and 50% debt. You have 100 million asset write up and a tax rate of 40%. Seller has total assets of 200 million, liabilities of 150 million. How is the BS affected?
4 months ago1 answer
Company raises 100 worth of debt at 5% interest and 10% yearly principal payment to purchase 100 worth of short term securities with 10% interest. What happens at end of Year 1?
4 months ago1 answer
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End of year 2: Factories break down and value is written down to 0. Loan must be repaid now. How do the 3 statements change from start to end of Year 2? Assume a 40% tax rate. (Continuation of the previous question)
4 months ago1 answer
What happens to the 3 statements when there's an asset write down of 100?
5 months ago1 answer
Company has NOLs of 100 in DTA line item on BS. Company turns a profit with PTI of 200 this year. Walk through the 3 statements assuming NOLs are used as a direct tax deduction.
5 months ago1 answer
How would a 100 write down of owned debt affect the 3 statements? Assume a 40% tax rate.
4 months ago1 answer
Depreciation falls by $10. Walk through the three statements with a 30% tax rate.
4 months ago1 answer
You buy a piece of equipment for $80 funded entirely with debt. What happens to the statements at purchase?
4 months ago1 answer
Revenue goes up by $30 with $12 of COGS. Walk me through the three statements assuming a 25% tax rate.
5 months ago1 answer
What is working capital, and when would a healthy company run it negative?
10 months ago1 answer
Describe how the purchase of equipment would impact a company's 3 financial statements.
5 months ago1 answer
How would you judge a company's financial health from its statements, and which indicators matter most?
a year ago1 answer
How can companies use excess cash?
10 months ago1 answer
What are the impacts on the financial statements if you purchase equipment?
a year ago1 answer
How would an acquisition of PP&E of $10 with 40% tax affect the statements.
4 months ago1 answer
What are the key differences between IFRS and US GAAP?
5 months ago1 answer
Which types of companies tend to have net income close to EBITDA? Can you name a couple of sectors?
10 months ago1 answer

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Accounting Interview Questions

In what cases do you see customers paying upfront in cash but companies not recording the cash as revenue?

What does the non-controlling interest line item on the liabilities side of a company's B/S correspond to?

What is the difference between a DTL and Income Tax Payable?

Buying a company for 1 billion with 50% cash and 50% debt. You have 100 million asset write up and a tax rate of 40%. Seller has total assets of 200 million, liabilities of 150 million. How is the BS affected?

Company raises 100 worth of debt at 5% interest and 10% yearly principal payment to purchase 100 worth of short term securities with 10% interest. What happens at end of Year 1?

End of year 2: Factories break down and value is written down to 0. Loan must be repaid now. How do the 3 statements change from start to end of Year 2? Assume a 40% tax rate. (Continuation of the previous question)

What happens to the 3 statements when there's an asset write down of 100?

Company has NOLs of 100 in DTA line item on BS. Company turns a profit with PTI of 200 this year. Walk through the 3 statements assuming NOLs are used as a direct tax deduction.

How would a 100 write down of owned debt affect the 3 statements? Assume a 40% tax rate.

Depreciation falls by $10. Walk through the three statements with a 30% tax rate.

You buy a piece of equipment for $80 funded entirely with debt. What happens to the statements at purchase?

Revenue goes up by $30 with $12 of COGS. Walk me through the three statements assuming a 25% tax rate.

What is working capital, and when would a healthy company run it negative?

Describe how the purchase of equipment would impact a company's 3 financial statements.

How would you judge a company's financial health from its statements, and which indicators matter most?

How can companies use excess cash?

What are the impacts on the financial statements if you purchase equipment?

How would an acquisition of PP&E of $10 with 40% tax affect the statements.

What are the key differences between IFRS and US GAAP?

Which types of companies tend to have net income close to EBITDA? Can you name a couple of sectors?

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