Monday, March 21, 2011

Accounts payable Accounting assistant

What steps would you take before approving an invoice for payment?

What is a LBO?  Why leverage up a firm?

What is the difference between billable and non-billable expenses?

What information should be included in the bill?

Describe some of the methods used to allocate support costs?

Name some components of an effective chargeback system?

What are the various means of calculating depreciation?

Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?

Which accounting systems are you familiar with?

What are some common anti-takeover tactics?

Why might a company choose to issue debt vs. equity?

What could a company do with excess cash on the balance sheet?

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