Accountant Interview Preparation Guide

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Well, I was quite good in accounting throughout but in my masters, when I got distinction I decided to adopt this field as a profession.

Yes, I have worked as an accountant at two different places.

Yes, I have used Advanced Business Solutions and AME Accounting Software in my previous jobs.

Yes, I am familiar with CGram Software, Financial Force, Microsoft Accounting Professional, Microsoft Dynamics AX and Microsoft Small Business Financials.

I think all are good though but Microsoft Accounting Professional is best because it offers reliable and fast processing of accounting transactions that saves time and increases proficiency.

As per fair value accounting, a company has to show the value of all of its assets in terms of price on balance sheet on which that asset can be sold.

We know that all types of transactions need to be documented. The trade bills are the documents, generated against each transaction.

It is the indirect expenditure of a company such as salaries, rent dues etc.

Offset accounting is one that decreases the net amount of another account to create a net balance.

Provisions are the liabilities or the anticipated items such as depreciation. You can say provisions are expenses. Reserves are the profits of any company and a part of that profit is placed back to the business to keep it sustainable in tough times of a company.