Interview Questions

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.

Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.

The objectives & purposes of financial reporting :–

* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.

* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.

* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.

* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.

* Providing information as to how an organization is procuring & using various resources.

* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.

* Providing information to the statutory auditors which in turn facilitates audit.

* Enhancing social welfare by looking into the interest of employees, trade union & Government.

Before form , After form , Before report, Between page, After report.

"==" checks equality only,
"===" checks for equality as well as the type.

Multiple choice list can be viewed by making the CheckBox android:id value be “@android:id /text1". That is the ID used by Android for the CheckedTextView in simple_list_item_multiple_choice.

abstract method is a method declared with abstract modifier but  with out body.

Use Interfaces when…

- You see that something in your design will change frequently.

- If various implementations only share method signatures then it is better to use Interfaces.

- You need some classes to use some methods which you don't want to be included in the class, then you go for the interface, which makes it easy to just implement and make use of the methods defined in the interface.

Use Abstract Class when…

- If various implementations are of the same kind and use common behavior or status then abstract class is better to use.

- When you want to provide a generalized form of abstraction and leave the implementation task with the inheriting subclass.

- Abstract classes are an excellent way to create planned inheritance hierarchies. They're also a good choice for nonleaf classes in class hierarchies.

Applicant should answer that as a first line supervisor, he/she should directly supervise sales workers in a retail department. He/She would get involved in management functions such as purchasing, budgeting, accounting and ensure quality of supply apart from his/her regular supervisor work.