R2R(Record to report) is a Finance and Accounting management process.
It
requires gathering, processing, and porting timely and exact info to give
planned, financial, and working feedback. It is only to understand how a business
works.
R2R also has plans for making up and reporting all accounts. Usually kept in
general or book and controlled by a controller. The steps are as follows:
Data collection.
Data extraction.
Data verification.
Change of data.
Posting of vouchers.
Voucher storage in a de-normalized and compressed format.
Let's look into some good questions for the topic r2r process interview questions.
R2R Process Interview Questions for Freshers
1. What is the R2R process?
Answer - R2R is a finance and accounting management process that needs
meeting, working, and giving good and exact financial data. R2R posts planned,
economical, and working feedback on the company works to management and
other partners.
2. What is amortization?
Answer - Amortization is only tried to abstract aid. On the other hand,
depreciation is used for real assistance. Amortization is the value decline caused
by the distribution and a non-real aid cost over various accounting periods.
For example, suppose a small business, a fake Company. They Spend 500,000 on
R&D. And expect to continue it for five years. In that case, it may elect to
amortize. This display $100,000 in the yearly statements for five years.
3. What are the three different kinds of accounts?
Answer - If you don't want to sound wrong and much different from the crowd,
clarify your answer briefly and clearly (one line about each is ideal).
