Walk through all the financial statements Sale of FA with JE and its impact on 3 financial statements Cash sales and credit sales How would you allocate rent for 3 different divisions Diff between forecast and budget

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Accepted Answer

Answering questions related to financial statements and allocation of expenses

The financial statements include the income statement, balance sheet, and cash flow statement
Sale of FA impacts the income statement, balance sheet, and cash flow statement through depreciation and gain/loss on sale
Cash sales and credit sales impact the income statement and cash flow statement differently
Allocation of rent can be based on square footage, number of employees, or revenue generated by each division
Forecast is a prediction of future financial performance while budget is a plan for expected financial performance

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Walk through all the financial statements Sale of FA with JE and its impact on 3 financial statements Cash sales and credit sales How would you allocate rent for 3 different divisions Diff between forecast and budget

Interview Questions Asked to Senior Financial Analyst at Other Companies