Accountant Interview Preparation Guide
Enhance your Accountant interview preparation with our set of 65 carefully chosen questions. Each question is crafted to challenge your understanding and proficiency in Accountant. Suitable for all skill levels, these questions are essential for effective preparation. Dont miss out on our free PDF download, containing all 65 questions to help you succeed in your Accountant interview. Its an invaluable tool for reinforcing your knowledge and building confidence.65 Accountant Questions and Answers:
1 :: Tell me why did you select accounting as profession?
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.
2 :: Tell me if you have any professional experience of this field?
Yes, I have worked as an accountant at two different places.
3 :: Did you ever used accounting applications at your previous companies or prefer working manually?
Yes, I have used Advanced Business Solutions and AME Accounting Software in my previous jobs.
4 :: Tell me name of any other accounting application?
Yes, I am familiar with CGram Software, Financial Force, Microsoft Accounting Professional, Microsoft Dynamics AX and Microsoft Small Business Financials.
5 :: Why and which accounting application you prefer most?
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.
6 :: Explain fair value accounting?
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.
7 :: What is trade bills?
We know that all types of transactions need to be documented. The trade bills are the documents, generated against each transaction.
8 :: What is overhead in terms of accounting?
It is the indirect expenditure of a company such as salaries, rent dues etc.
9 :: What is offset accounting?
Offset accounting is one that decreases the net amount of another account to create a net balance.
10 :: Can you please explain the difference between provision and reserve?
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.