Financial Controller Interview Questions and Answers for Freshers

I handle corporate governance by implementing policies and procedures to ensure compliance and ethical practices.

• Developing and implementing corporate governance policies and procedures

• Ensuring compliance with regulatory requirements and industry standards

• Establishing internal controls and monitoring systems

• Promoting transparency and accountability

• Providing training and education on corporate governance principles

• Regularly reviewing and updating governance practices

• Collaborat...read more

Operating lease is a type of lease agreement where the lessee uses an asset for a specific period without ownership rights.

• Operating lease is a short-term lease agreement where the lessee uses an asset for a specific period without ownership rights.

• The lessor retains ownership of the asset and is responsible for maintenance and repairs.

• Operating leases are commonly used for equipment, vehicles, and real estate.

• The lease payments are treated as operating expenses and are tax-d...read more

Auditing accrual involves reviewing financial records to ensure that expenses and revenues are accurately recorded.

• Review supporting documentation for accruals

• Ensure that accruals are recorded in the correct period

• Verify that accruals are based on reasonable estimates

• Check for any potential errors or fraud

• Compare actual expenses and revenues to accruals

• Perform a reconciliation of accrual accounts