Accounting 면접 질문과 답변
Ques 11. What is the matching principle in accounting?
The matching principle states that expenses should be recognized in the same period as the related revenues they help to generate.
Example:
If a company sells products in December, the associated costs of producing those products should also be recorded in December.
Ques 12. Explain the difference between a current asset and a non-current asset.
Current assets are expected to be converted into cash or used up within one year, while non-current assets have a longer useful life.
Example:
Cash and accounts receivable are current assets, while buildings and equipment are non-current assets.
Ques 13. What is the role of the Sarbanes-Oxley Act in accounting?
The Sarbanes-Oxley Act was enacted to improve corporate governance and financial reporting transparency to protect investors from fraudulent activities.
Example:
Companies are required to establish and maintain internal controls and submit accurate financial reports to regulatory authorities.
Ques 14. Define the term 'EBITDA.'
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, representing a company's operating performance without certain non-operating expenses.
Example:
If a company has revenue of $500,000, expenses of $300,000, and depreciation of $50,000, the EBITDA is $250,000.
Ques 15. What is the role of a journal entry in the accounting process?
A journal entry is the first step in the accounting cycle, recording financial transactions in chronological order before they are transferred to the general ledger.
Example:
A sale of goods on credit would involve a journal entry debiting accounts receivable and crediting sales revenue.
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