Project Accountant
Top 10 Interview Questions and Answers

Top
1. Tell me about your education in accounting.
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Top Answer
Business Administration degree
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Second Best
I have a Batchelors Degree in Accounting. My area of study was Costing. Allocation is the key for costing.
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3.
Right after high scholl , i did Certificate course in financial management for two years and ihave been working as Sr. accoounta for the last 19 years. i have a good knowlegde of accounting works.
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4.
I am a certified public accountant working towards my CMA .
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5.
I amna qualified project accountant with experience of provide accounting support for projects preparing financial analysis and reports for project activities
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6.
I have a Batchelors Degree in Accounting. It helps me understanding the concept of my day to day work.
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7.
I have an honours bachelor in commerce with a major in accounting.
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8.
Yes I have, it was a project suported by global fund. It was a five years project.
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2. What areas of accounting are you particular good at?
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Best Answer
analysing cntract bills and profiling best contract to be sorted for
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2.
IAS 11 - Construction Contracts
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3.
Allocation Method.
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3. How long do you plan on working in our department?
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Best Answer
Like any one else, I look for a long term relationship with the company. After giving considerable amount of time, if there are opportunities to grow within the company, until then.
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4. Have you ever worked on a project that lasted multiple years?
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5. What was the most challenging project you worked on?
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Best Answer
I have worked on a Project that was handed over me in the middle of a mess. I first took a look at the accrued receivables and started clearing the unreconciled balance. I was sucessful to bring the balance down to a nominal cost of couple of thousand dollars.
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2.
Whwn i was a student at university I had to managet a project including 5 people in a team I was the one responsable for the project and coordonate.
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3.
Project A . Infact I didnt work but just watched it. Its a Nice Movie starring Jackie chan.
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6. Tell me about your experiences as a project accountant.
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Best Answer
my experience as an accountant has been great ranging from, Financial Reporting, treasury management, budgeting and budget control, compliance and general ledger management, internal control management and human resource duties
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2.
Gained considerable knowledge in costing. Lots of analysis and how effectively cost accounting system can be used.
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7. How do you determine how much labor costs are for a particular employee that has worked on several projects, not just this one?
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Best Answer
The labor costs are usally pulled out from a payroll system. Particular employee should be coding his/her time according to the cost code worked.
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2.
By looking at the expences for the particule projesct and the labour hours involte in the eacch project.
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8. What is an audit query?
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Best Answer
Any questions related to a company which is audited either by an internal or external auditor.
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2.
The final touch of the accounts.
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9. Have you had any disputes with other employees in different departments about costs?
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Best Answer
Yes but i always try to find the solution and make the employee to inderstand the situation.
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2.
Yes but i always try to find the solution and make the employee to inderstand the situation.
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10. What can you do for us that other accountants can not?
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Best Answer
Contracts evaluation/Subcontracts accuracy.
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2.
I will try to work harder than that of other accountant in the project by analyiing all the reports that directly related to project accounts work.
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3.
Using my knowledge i can provide great accounts and helping the company achivening the goal.
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Project Accountant
Job Satisfaction
Interview Difficulty
Healthcare
Vacation
Hours per Week
80%
Easy
Provided
Over a Month
Under Thirty

Project accounting (sometimes referred to as job cost accounting) is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management.

Source: http://en.wikipedia.org/wiki/Project_accounting