My Presentation story……
Mehmood MBA-Finance from Lahore
Once upon a time……..( Time km hy to sirf highlight hi parh lain)
My call was on 22 September 2011 at 11 am at Lawrance road near china chowk, Lahore. I reached there at 10:20 marked my attendance and sit in waiting area.
I was called on 11:05 am. There were three person, two females and one male. One of the female said to me in English:
"Mr. Mehmood, Please have the seat, attach your USB open your slides. Press F5 and please stand up and start your presentation."
So, I started my presentation with the introduction of the company.
(I did not introduced myself because they already know my name and that I am student of MBA-Finance from virtual university……hahaha)
While I was introducing the organization where I did my internship, she said "Please come on training program."
I told that I did my internship in so and so chartered accountant firm. Where the major work that I did was to take photocopies take prints etc
…..at this point I started to use Urdu…..
The male asked " ap nay wahan say kia learn kia, apna learning experience btao." I told that I helped an article student in preparing the accounts of a small company, which was a CNG station.
Then he asked me,"Kia wahan koi Public Ltd. Company thi?
Main nay kaha: unhon nay CNG station k accounts k ilawa kisi company k accounts k baray main nahi btaya.
Phir us nay pucha k financial statements ki kitni typed hoti hain? Main nay usay gin kr bta din k 5 hoti hain. Phir us nay 1 question pucha jis ka sahi answer daity daity ghalat bol gya.( shayad thora confuse ho gya tha) Us nay pucha k "Auditor company audit krnay k baad audit report daiti hay. Ye report 2 tarha ki hoti hay. Qualified and unqualified. In main farak kia hay.
Main nay is sawal ka ulta jawab dy dia jis ka mujay afsos rhay ga. (Main nay fair report ko qualified keh dia tha). Wo teenon 1 dam bolay phir soch lo. Female teacher nay khud hi keh kia k ap ulta keh gye ho. (dusri female ny 1 lafz b nahi bola shayad wo body language ye psyche note kr rhi thi)
Then male teacher nay kaha k please come on ratio analysis. Main ratio analysis pr general discuss krnay laga to us nay kaha k current ratio k baray main btao. Current ratio main say us nay pucha k in teenon saal ki ratios main say kon si sab say better hay. Main nay bta dia k 2010 ki. Us nay pucha k 2010 ki raio ka jo answer aa raha hay is ka kia mtlab hy. Main nay bta kia k current assets itnay times hain as compared to current liabilities. 1 swal aur pucha k what is the benchmark of current ratio?
Then us nay kaha k " come on times interest earned ratio".
Is main say 2 swal puchy
- ye ratio kis liye use hoti hy.
- in teenon saalon main say most favorable kis saal ki hay.
- 2010 ki raio k answer ka kia meaning hy?
Is k baad us nay pucha k ap is company k baaray main kia recommend krty ho?
Main nay kaha k debt financing kam kr k equity financing ziada honi chahye.
Then they said me Thank You.
I aur haan 1 swal to main bhool gya. " wok on sa idara (institute) hy to chartered accountant to recommend krta hy?" my answer was ICAP ( Institute of chartered accountants of Pakistan)
Important:
They are asking more about benchmark of ratios e.g. for current ratio that is 2:1 and for acid test ratio it is 1:1
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