Assistant Accountant Question:
Tell me are you familiar with current accounting standards?
Answer:
Again, this isn't a "yes" or "no" type of question. The correct answer to this question is "yes", followed up with a brief explanation of your knowledge on accounting standards. And be prepared to answer a follow up question such as "Can you list the latest changes to the IAS?.
In reality, it's impossible to have all the accounting standards memorized. Not only are there a lot of them, but they change all the time--and most employers know this. Through your answer you need to demonstrated that you are familiar the different accounting standards, especially those that are relevant to your expertise and position. You also need to show that you know how to check IAS (or IFRS) and quickly find up-to-date standards and information.
While interviewers aren't going to expect you to have memorizied all the accounting standards, any information you can present at an interview will earn you brownie points. If you have the time, research the most recent changes to the standards and familiarzie yourself with the most important standards for the position. Applicants that show they watch trends and are constantly learning impress interviewers.
In reality, it's impossible to have all the accounting standards memorized. Not only are there a lot of them, but they change all the time--and most employers know this. Through your answer you need to demonstrated that you are familiar the different accounting standards, especially those that are relevant to your expertise and position. You also need to show that you know how to check IAS (or IFRS) and quickly find up-to-date standards and information.
While interviewers aren't going to expect you to have memorizied all the accounting standards, any information you can present at an interview will earn you brownie points. If you have the time, research the most recent changes to the standards and familiarzie yourself with the most important standards for the position. Applicants that show they watch trends and are constantly learning impress interviewers.