Accounting Jobs Interview Questions and Answers
Accounting jobs interview questions are one of the most critical and scrutinizing questions that an applicant can encounter. If you want to win the accounting jobs interview, then you better be well prepared.
The following accounting jobs interview questions will assist you in preparing for the big job you dream of. Below are few accounting jobs interview questions and answers that we help you to prepare.
Few Accounting Jobs Questions and Answers
- Why do you pursue this career?
You can answer this question by saying that you believe that accounting offers an equally fulfilling job which leads to a lot of opportunities in the field.
- What accounting process are you familiar with?
Impress the interview by explaining the accounting processes you have encountered. Discuss how you employ each process and what result have you got in implementing them. Your knowledge of accounting will be measured through this question too.
- What is the biggest challenge that the accounting industry is facing?
One of the biggest challenges in the accounting industry, and in banking too is fraud. Billions of dollars are lost with fraudulent acts every year. The best way to prevent it from happening in your company is to know the signs.
- How many invoices can you manage in a month?
Tell the interviewer the number of invoices you have handled. But make sure to emphasize that it is not the quality which is important but the invoice verification processes you have followed in each invoice. You may discuss each step in detail and their importance as well.
- What is the most vital when doing accounting?
Start by saying that accounting is the most important part in the modern business. An accountant deals with important matters like bookkeeping, payroll management, taxation, and a lot more. So it is also important that an accountant has an eye for details and be able to concentrate fully on his work.
- What if you will be hired as the tax accountant and you happen to miscalculate something which made the company pay VAT. How will you handle that?
A good answer is saying that the most ideal thing to address this issue is to prevent this from happening. A thorough plan and a full concentration will enable one not to encounter this problem.
- What accounting principle helps you in life?
Choose the accounting principle carefully. Make sure that this principle will not just be applicable in your life but it is applicable to your profession as well. Remember, they are asking you this question not because they want to learn about your life. But for the reason that they want to know how you will apply the principle to your work.
- What will you do if your data does not match with the storekeeper’s or the cashier’s data?
The answer is to emphasize to the interviewer that if ever there will be no second time to this mistake. Clarify to the interviewer that once is enough and it shouldn’t happen again.
- Describe a time when you helped to reduce costs previous accountant job?
There are several duties of an accountant. To keep records, to prepare reports, to communicate with the tax office, to take care of recording down all the financial transactions of a company. However, these all are the duties of an accountant. The real goal of this person is to help the employer to reduce costs in some way. It’s often also called cost accounting and some companies employ special accountants just for this job of cost accountant.
These people collect, analyze, summarize and evaluate various alternative courses of action the managers can take, in order to minimize the expenses and maximize the savings. A good account should be able to give some advice to an employer, how to reduce costs while keeping the same operations of the company.
- What is your opinion about creative accounting?
There are two types of accountants. First, only do their job, they keep a track record of every transaction, keep the books clear and complete and prepare financial reports when the time to do it comes. However, there is also another type of an accountant, the one who tries to bring some added value to the company, the one who tries to give suggestions to the managers, the one who looks for legal holes in the system, the one who is creative and uses creative accounting.
Companies prefer to hire the second type of accounts not one who does their job and goes home. You need to speak positively about creative accounting.
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