Accounting Interview Questions

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Investment Banking

Walk me through the impact of issuing $100m of debt on the three financial statements.
10 months ago1 answer
Company sells PPE for 120. On the BS, the PPE is worth 100. What happens to the 3 statements?
2 months ago1 answer
Buyer has 10,000 assets, 8000 liabilities, 2000 SE. Seller has 1000 assets, 800 liabilities, 200 SE. Buyer pays 500 cash for seller. Walk through BS effects.
3 months ago1 answer
How would depreciation going up by 10 affect the 3 statements?
3 months ago1 answer
What happens to COGS in FIFO situations with inflation?
10 months ago1 answer
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What is the treatment of an owned debt writedown?
8 months ago1 answer
If I switch from FIFO to LIFO, how does this affect the income statement if there is inflation?
9 months ago1 answer
In year 1, Apple buys 100 of new factories financed entirely with debt. At the start of year 2, no principal has been repaid, the interest rate on the debt is 10%, and the factories are depreciated straight‑line over 10 years. Assume a 40% tax rate. What is the impact on Apple’s year 2 income statement?
9 months ago1 answer
In what cases do you see customers paying upfront in cash but companies not recording the cash as revenue?
10 months ago1 answer
What does the non-controlling interest line item on the liabilities side of a company's B/S correspond to?
4 months ago1 answer
What happens to the 3 statements when prepaid expenses decrease by 10?
8 months ago1 answer
What is the difference between a DTL and Income Tax Payable?
3 months ago1 answer
Buying a company for 1 billion with 50% cash and 50% debt. You have 100 million asset write up and a tax rate of 40%. Seller has total assets of 200 million, liabilities of 150 million. How is the BS affected?
3 months ago1 answer
Company raises 100 worth of debt at 5% interest and 10% yearly principal payment to purchase 100 worth of short term securities with 10% interest. What happens at end of Year 1?
2 months ago1 answer
End of year 2: Factories break down and value is written down to 0. Loan must be repaid now. How do the 3 statements change from start to end of Year 2? Assume a 40% tax rate. (Continuation of the previous question)
2 months ago1 answer
What happens to the 3 statements when there's an asset write down of 100?
3 months ago1 answer
Company has NOLs of 100 in DTA line item on BS. Company turns a profit with PTI of 200 this year. Walk through the 3 statements assuming NOLs are used as a direct tax deduction.
3 months ago1 answer
How would a 100 write down of owned debt affect the 3 statements? Assume a 40% tax rate.
2 months ago1 answer
Depreciation falls by $10. Walk through the three statements with a 30% tax rate.
2 months ago1 answer
You buy a piece of equipment for $80 funded entirely with debt. What happens to the statements at purchase?
3 months ago1 answer

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Accounting Interview Questions

Walk me through the impact of issuing $100m of debt on the three financial statements.

Company sells PPE for 120. On the BS, the PPE is worth 100. What happens to the 3 statements?

Buyer has 10,000 assets, 8000 liabilities, 2000 SE. Seller has 1000 assets, 800 liabilities, 200 SE. Buyer pays 500 cash for seller. Walk through BS effects.

How would depreciation going up by 10 affect the 3 statements?

What happens to COGS in FIFO situations with inflation?

What is the treatment of an owned debt writedown?

If I switch from FIFO to LIFO, how does this affect the income statement if there is inflation?

In what cases do you see customers paying upfront in cash but companies not recording the cash as revenue?

What does the non-controlling interest line item on the liabilities side of a company's B/S correspond to?

What happens to the 3 statements when prepaid expenses decrease by 10?

What is the difference between a DTL and Income Tax Payable?

Buying a company for 1 billion with 50% cash and 50% debt. You have 100 million asset write up and a tax rate of 40%. Seller has total assets of 200 million, liabilities of 150 million. How is the BS affected?

Company raises 100 worth of debt at 5% interest and 10% yearly principal payment to purchase 100 worth of short term securities with 10% interest. What happens at end of Year 1?

End of year 2: Factories break down and value is written down to 0. Loan must be repaid now. How do the 3 statements change from start to end of Year 2? Assume a 40% tax rate. (Continuation of the previous question)

What happens to the 3 statements when there's an asset write down of 100?

Company has NOLs of 100 in DTA line item on BS. Company turns a profit with PTI of 200 this year. Walk through the 3 statements assuming NOLs are used as a direct tax deduction.

How would a 100 write down of owned debt affect the 3 statements? Assume a 40% tax rate.

Depreciation falls by $10. Walk through the three statements with a 30% tax rate.

You buy a piece of equipment for $80 funded entirely with debt. What happens to the statements at purchase?

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