Saturday, 23 August 2014

BASIC ACCOUNTING & FINANCE INTERVIEW SHORT QUESTIONS (81-90)



81. Capital budgeting: capital budgeting involves the process of decision making with regard to investment in fixed assets. Or decision making with regard to investment of money in long term projects.

82. Pay back period:  payback period represents the time period required for complete recovery of the initial investment in the project.

83. ARR: accounting or average rate of return means the average annual yield on the project.

84. NPV: the net present value of an investment proposal is defined as the sum of the present values of all future cash in flows less the sum of the present values of all cash out flows associated with the proposal.

85. Profitability index: where different investment proposal each involving different initial investments and cash inflows are to be compared.

86. IRR: internal rate of return is the rate at which the sum total of discounted cash inflows equals the discounted cash out flow.

87. Treasury management:  it means it is defined as the efficient management of liquidity and financial risk in business.

88. Concentration banking: it means identify locations or places where customers are placed and open a local bank a/c in each of these locations and open local collection centre.

89. Marketable securities: surplus cash can be invested in short term instruments in order to earn interest.

90. Ageing schedule: in a ageing schedule the receivables are classified according to their age.


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