Accounting Interview Guidlines

To help you prepare for your interview, we have compiled a list of frequently asked questions about accounting with sample answers:

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What types of calculation software do you know?

What is the biggest challenge facing those in the accounting industry?

Have you ever set up your own accounting system?

Can you show me three financial statements?

Explain how you have reduced your operating costs in the previous paragraph.

How do you reduce the risk of human error in the accounting department?

When it comes to calculating software, which is more important — price or performance?

What is the difference between executive and public accounting?

Do you know what a project implementation is?

Why do you want to work for us?

1. What types of calculation software do you know?

The interviewer may ask this question to see if you know about their accounting systems or if you can learn new programs quickly. Instead of picking only the software that you are most familiar with, select a few that you will discuss. Include the most recent applications or the ones you know best.

Example: "I have more than five years of experience working with FreshBooks and two years with a custom accounting software system, both my last employer used. I also worked with Zoho Books, NetSuite ERP and FreeAgent in other roles. An accounting friend recently Gusto praises me, so I'm currently completing its online training program. "

You may also be asked to explain which program you think is best and why. The best way to prepare for this question is to read the latest developments related to the programs you have worked with.

Example: "With my last employer, we encountered problems with FreeAgent, so we switched to FreshBooks. Its easy-to-use interface and the ability to create custom invoices, automatic payment reminders and the use of default late payment invoices made my work easier. "It 's very easy.

2. What is the biggest challenge facing those in the field of accounting?

The interviewer wants to test your knowledge of the savings industry, including the challenges bookkeepers face. There is no right or wrong answer, but it is important to give a logical explanation of your answer. It may be helpful to read the latest news or industry publications on this topic to create an idea.

Example: "While technology enhances our ability to perform various tasks automatically, continuous improvement may be a challenge. As new developments occur, it may sometimes be difficult to integrate new accounting tasks with other operating systems. I have extensive experience in helping software developers customize accounting systems. to ensure that the binding is unobtrusive and leads to a slight reduction in freezing.

I would also say that ever-changing tax codes have been and will continue to be a major challenge for those in the field of accounting. It seems that as soon as we get used to one set of codes, new ones are added. However, this is a challenge that any real librarian understands that is part of the work. "

3. Have you ever set up your own accounting system?

This is a question of yes or no, but you have to clarify. If you answer "no," discuss the process you helped to improve or change it in the previous paragraph to show your creativity. If you answered "yes," be prepared to provide details of the process you created and how it helped the company. Use numbers to measure your impact, if possible.

Example: "While working as an accounting manager at XYZ Company, I realized that we often missed late payments just because we were too busy to use them on time.

I have put together a team to see how we can resolve this issue. We decided to switch to FreshBooks, which gave us the ability to use late payments automatically on our invoices. This has not only increased our revenue by 1% but also improved cash flow because customers are more willing to pay their invoices on time.

4. Can you explain and explain the three financial statements?

Balance sheets, income statements and cash flow statements are important in accounting. In your answer, explain exactly what each statement is and how it works.

Example: "Financial statements may look very different from one company to another, but they all represent the same type of information. Balance defines company liabilities, assets and any equity of shareholders. A cash flow statement shows where the money is. From, including financial, operating and investment activities. In the income statement, you will find a detailed list of company expenses and profits. "

5. Explain how you have reduced your operating costs in the previous paragraph.

Accountants have a better view of the company's financial life than anyone else in the company. As a result, they may be able to identify overtime costs. The solid answer to this question explains how you have used your analytical and problem-solving skills to reduce costs without sacrificing quality customer service.

Example: "I have seen companies sign up for a service, use it for a month or two and move on to different ones without canceling the original service membership. Duplicate services combined with unused services and software licenses can result in loss of thousands of dollars each year.