Financial Account Interview Questions & Answers

Below we have listed all the Financial Account Interview Questions and answers. Feel free to comment on any Financial Account Interview Questions or answer by the comment feature available on the page.

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Financial accounting is a specialized branch of accounting that keeps track of a company's financial transactions. Financial accounting follows a set of common rules known as accounting standards or generally accepted accounting principles (GAAP). GAAP is based on some basic underlying principles and concepts such as the cost principle, matching principle, full disclosure, going concern, economic entity, conservatism, relevance, and reliability. Financial accounting generates the general-purpose, external, financial statements which include Income statement, Balance sheet, Statement of cash flows, Statement of stockholders' equity.