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Accounting Interview Questions

244 Accounting Questions and Answers by on January 22nd, 2019

Samantha Hamilton is a finance project manager with recruitment expertise. Her client list includes Robert Half's Finance and Accounting department.

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Question 1 of 244

Describe a time when you had to use numerical data or a graph to convince a manager.

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All 244 Accounting Interview Questions

  1. Accounting Interview Questions

    1.

    Describe a time when you had to use numerical data or a graph to convince a manager.

  2. 2.

    Give an example of when you have seen or corrected the Trail Balance from being out of balance?

  3. 3.

    Give an example of when internal controls needed to be changed or updated and how you handled the change.

  4. 4.

    Tell me about a time you updated or revised an Accounting process.

  5. 5.

    Tell me about the financial forecasting you've been responsible for.

  6. 6.

    Give me an example of how your strengths help you in Accounting.

  7. 7.

    What cost-cutting initiatives have you been part of?

  8. 8.

    What financial planning have you handled in the past?

  9. 9.

    When looking at the COGS on the P&L statement, what are some examples of variable costs?

  10. 10.

    Give an example of something you'd put on a sub-ledger that wouldn't be included on the General Ledger.

  11. 11.

    How do you stay updated on all the accounting rules and techniques?

  12. 12.

    Discuss your experience in the financial analysis of your previous company's projects.

  13. 13.

    A start up company needs help understanding GAAP. How would you explain why GAAP is important?

  14. 14.

    Give me an example of how SOX compliance has affected your career.

  15. 15.

    Give an example of a time when you caught an invoice error before it was paid out.

  16. 16.

    What is your knowledge and experience using QuickBooks?

  17. 17.

    Do you plan on attaining your CPA?

  18. 18.

    Give me examples of the accounting reports you've prepared.

  19. 19.

    Give me an example of a challenging tax situation that you have encountered.

  20. 20.

    What courses were your favorite in college while preparing to be an accountant?

  21. 21.

    Give me an example of why you chose this career field.

  22. 22.

    In what instance would you use LIFO compared to FIFO?

  23. 23.

    Describe to me a time when you faced an ethical dilemma regarding your work.

  24. 24.

    Give me an example of your least favorite Accounting task.

  25. 25.

    How do you calculate DSO (Days Outstanding)?

  26. 26.

    Describe one of the biggest mistake you've made on the job.

  27. 27.

    What responsibilities do you have during month-end?

  28. 28.

    How do you ensure that you don't forget details and ensure accuracy when you prepare monthly journal entries a, record transactions, etc.?

  29. 29.

    Give an example of an exciting project you worked on in Accounting.

  30. 30.

    What ERP systems and accounting softwares have you used?

  31. Entry Level Accountant Interview Questions

    31.

    What qualities or skills do you believe make a good accountant?

  32. 32.

    What steps do you take to ensure there aren’t any mistakes in your work?

  33. 33.

    Why do you want to work for XYZ Corporation?

  34. 34.

    How do you stay up to date on the latest accounting trends?

  35. 35.

    Where do you see yourself in five years?

  36. 36.

    Do you have any experience using accounting software?

  37. 37.

    Describe an accounting project that you successfully completed in school?

  38. 38.

    What does being a team player mean to you as it relates to accounting and finance?

  39. 39.

    Are you willing to work additional hours as needed?

  40. 40.

    What are the steps in a monthly accounting close?

  41. 41.

    What is the difference between auditing and accounting?

  42. 42.

    What are the three financial statements and what do they indicate about a company’s finances?

  43. 43.

    What is an accrued expense?

  44. 44.

    What is deferred revenue?

  45. 45.

    What is a bank reconciliation?

  46. 46.

    What are some steps you would take to ensure you are meeting your manager’s expectations?

  47. 47.

    Why do companies have internal auditors?

  48. 48.

    Why do you want to be an accountant?

  49. 49.

    Give examples of common financial ratios. What do they tell about a company’s finances?

  50. 50.

    Are you proficient in Excel?

  51. 51.

    Do you have any experience working with data?

  52. 52.

    Do you plan on obtaining your CPA license?

  53. 53.

    How would you show professionalism in the workplace?

  54. 54.

    How would you handle working in a remote or hybrid environment?

  55. 55.

    What is an allowance for doubtful accounts and how is it reflected on the balance sheet?

  56. Bookkeeper Interview Questions

    56.

    Are you a detail oriented person?

  57. 57.

    What have you done recently to become a better bookkeeper?

  58. 58.

    What are the steps involved in the bank reconciliation process?

  59. 59.

    What are the differences between accrual accounting and cash accounting?

  60. 60.

    What are the three main financial statements and what do they indicate about an organization’s financial position?

  61. 61.

    How would you handle working in an increasingly remote work environment?

  62. 62.

    Do you have experience explaining complex accounting concepts to non-financial personnel?

  63. 63.

    Give some examples of non-cash expenses.

  64. 64.

    How do you manage your manager? In other words, what steps do you take to make sure you get what you need from your boss and make both your lives easier?

  65. 65.

    Do you have experience working with external auditors?

  66. 66.

    What are the steps involved in the accounting close process?

  67. 67.

    What are Days Sales Outstanding, and what is indicated when days outstanding grows?

  68. 68.

    Why did you want to become a bookkeeper?

  69. 69.

    What are the different inventory valuation methods?

  70. 70.

    What do you do when you don’t know the answer to something?

  71. 71.

    What accounting software are you familiar with?

  72. 72.

    What have you done at your previous job to reduce costs or save time?

  73. 73.

    Are you willing to work extra hours if needed during busier times?

  74. 74.

    What are Days Inventory on Hand, and what is indicated when days on hand grows?

  75. 75.

    How do you mitigate and manage stress?

  76. 76.

    Are you proficient in Excel?

  77. 77.

    What are Days Payable Outstanding, and what is indicated when days outstanding grows?

  78. 78.

    What are some methods you use to self-review your work?

  79. 79.

    What is your comfort level with interacting and communicating with senior leadership?

  80. 80.

    What are some examples of internal controls that impact the bookkeeper role?

  81. 81.

    What is depreciation expense, and how is it recognized?

  82. 82.

    Do you have any experience with invoicing vendors?

  83. 83.

    Imagine that you are producing a month-end report and notice the ledger is off. What would you do to rectify this situation?

  84. 84.

    Which statements or reports would you prepare as part of your month-end close package?

  85. 85.

    True or False: For vendor invoices, it is always best to pay the bill as soon as possible.

  86. Entry Level Accountant Interview Questions

    86.

    What qualities or skills do you believe make a good accountant?

  87. 87.

    What steps do you take to ensure there aren’t any mistakes in your work?

  88. 88.

    Why do you want to work for XYZ Corporation?

  89. 89.

    How do you stay up to date on the latest accounting trends?

  90. 90.

    Where do you see yourself in five years?

  91. 91.

    Do you have any experience using accounting software?

  92. 92.

    Describe an accounting project that you successfully completed in school?

  93. 93.

    What does being a team player mean to you as it relates to accounting and finance?

  94. 94.

    Are you willing to work additional hours as needed?

  95. 95.

    What are the steps in a monthly accounting close?

  96. 96.

    What is the difference between auditing and accounting?

  97. 97.

    What are the three financial statements and what do they indicate about a company’s finances?

  98. 98.

    What is an accrued expense?

  99. 99.

    What is deferred revenue?

  100. 100.

    What is a bank reconciliation?

  101. 101.

    What are some steps you would take to ensure you are meeting your manager’s expectations?

  102. 102.

    Why do companies have internal auditors?

  103. 103.

    Why do you want to be an accountant?

  104. 104.

    Give examples of common financial ratios. What do they tell about a company’s finances?

  105. 105.

    Are you proficient in Excel?

  106. 106.

    Do you have any experience working with data?

  107. 107.

    Do you plan on obtaining your CPA license?

  108. 108.

    How would you show professionalism in the workplace?

  109. 109.

    How would you handle working in a remote or hybrid environment?

  110. 110.

    What is an allowance for doubtful accounts and how is it reflected on the balance sheet?

  111. Controller Interview Questions

    111.

    Give an example of a time when you implemented a policy or procedure that improved a process.

  112. 112.

    Where do you see yourself in five years?

  113. 113.

    What attracted you to the Controller role here at our corporation?

  114. 114.

    What is the role of a Controller as you understand it?

  115. 115.

    What experience do you have with developing business metrics?

  116. 116.

    What ERP systems have you used?

  117. 117.

    What is your experience with presenting to senior executives?

  118. 118.

    What skills or qualities do you believe a good accountant should possess?

  119. 119.

    What skills or qualities do you believe a good leader should possess?

  120. 120.

    Have you ever had to explain complex accounting concepts to non-finance leaders? How did you go about that task?

  121. 121.

    Do you have experience handling massive amounts of data? Give an example of how you used data to solve a problem?

  122. 122.

    Identify a time when you made a mistake and the actions you took to correct it.

  123. 123.

    How would your management style change in an increasingly remote environment?

  124. 124.

    What are the steps to the monthly financial accounting close?

  125. 125.

    Do you have any experience interacting with external auditors?

  126. 126.

    How do you keep up with the latest developments in accounting principles?

  127. 127.

    Have you ever been involved in accounting software implementations?

  128. 128.

    How do you mitigate and manage stress?

  129. 129.

    What is your approach to budgeting, forecasting and other forward-looking projections?

  130. 130.

    What are some methods you use to motivate your team?

  131. 131.

    Which financial statement do you feel is the most important and why?

  132. 132.

    How do you manage your manager? In other words, what steps do you take to make sure you get what you need from your boss and make both your lives easier?

  133. 133.

    In your opinion, why is it important for organizations to have effective internal controls?

  134. 134.

    How have you interacted with the tax department in your previous roles?

  135. 135.

    Describe how previous experience has prepared you for the Controller role.

  136. Cost Accountant Interview Questions

    136.

    Are you a detail oriented person? Do you like to be organized?

  137. 137.

    What was the most difficult assignment you have faced? How did you complete the task?

  138. 138.

    Why did you choose Cost Accounting rather than another field of accounting?

  139. 139.

    Have you ever used an SAP or ERP program? If so, which one(s)?

  140. 140.

    How long do you see yourself working for our company?

  141. 141.

    Why do you feel cost accounting is important in our business?

  142. 142.

    Tell me about any disputes you have surrounding material costs for a particular project you worked on.

  143. 143.

    Are you familiar with Simply Accounting? Rate yourself as a Beginner, Intermediate or Advanced user.

  144. 144.

    Do you plan on furthering your accounting education?

  145. 145.

    What do you know about our organization?

  146. 146.

    What areas could you improve to be a better accountant? What are you currently doing to improve your skills?

  147. 147.

    Why do you believe you are the best fit to be our cost accountant?

  148. 148.

    Bring your experience to life for me and highlight some of your biggest wins in your career as a Cost Accountant.

  149. 149.

    Are you familiar with QuickBooks? Rate yourself as a Beginner, Intermediate or Advanced user.

  150. 150.

    When you suffer a setback, how does that emotionally affect you and your work?

  151. 151.

    How do you handle a larger than average workload?

  152. 152.

    How do you explain complicated concepts to those who may not understand?

  153. 153.

    What questions do you have for me about this cost accountant role?

  154. 154.

    What are your salary expectations?

  155. 155.

    Why are you looking for a new accounting position?

  156. 156.

    What role do you usually take in team projects?

  157. 157.

    How do you handle stress on the job?

  158. 158.

    Have you ever broken a confidentiality agreement?

  159. 159.

    Are you familiar with Microsoft Excel? Rate yourself as a Beginner, Intermediate or Advanced user.

  160. 160.

    How will you earn the trust of your coworkers?

  161. Inventory Accountant Interview Questions

    161.

    Are you a detail-oriented person?

  162. 162.

    What have you done recently to become a better accountant?

  163. 163.

    What is obsolescence expense?

  164. 164.

    What are the differences between accrual accounting and cash accounting?

  165. 165.

    What are the three main financial statements, and what do they indicate about an organization’s financial position?

  166. 166.

    How would you handle working in an increasingly remote work environment?

  167. 167.

    Do you have experience explaining complex accounting concepts to non-financial personnel?

  168. 168.

    Are you open to travel with this position?

  169. 169.

    How do you manage your manager? In other words, what steps do you take to make sure you get what you need from your boss and make both your lives easier?

  170. 170.

    Do you have experience working with external auditors?

  171. 171.

    What are the steps involved in the accounting close process?

  172. 172.

    What are the steps involved in a physical inventory count?

  173. 173.

    Why did you want to become an accountant?

  174. 174.

    What are the different inventory valuation methods?

  175. 175.

    What do you do when you don’t know the answer to something?

  176. 176.

    What accounting software are you familiar with?

  177. 177.

    What have you done at your previous job to reduce costs or save time?

  178. 178.

    Are you willing to work extra hours if needed during busier times?

  179. 179.

    What are 'Days Inventory on Hand', and what is indicated when days on hand grows?

  180. 180.

    How do you mitigate and manage stress?

  181. 181.

    Are you proficient in Excel?

  182. 182.

    Imagine you are reviewing inventory balances vs last year. What would you expect to happen to ending inventory, if sales were lower than last year, and receipts were higher than last year?

  183. 183.

    What are some methods you use to self-review your work?

  184. 184.

    What is your comfort level with interacting and communicating with senior leadership?

  185. 185.

    What are some examples of internal controls that impact inventory?

  186. Staff Accountant Interview Questions

    186.

    If I gave you a ten key pad, and a list of numbers, could you enter them in without looking at the key pad?

  187. 187.

    What is your greatest weakness? What are you doing to improve it?

  188. 188.

    What work objectives did you set for this year and what steps have you taken to ensure you will achieve them?

  189. 189.

    Where do you see yourself in 5 years?

  190. 190.

    How would your former employer describe you?

  191. 191.

    What kinds of management reports have you prepared?

  192. 192.

    What accounting software packages have you used?

  193. 193.

    Are you willing to work overtime, nights, weekends?

  194. 194.

    What motivates you to perform your best?

  195. 195.

    What do you know about our company?

  196. 196.

    Give me examples of the accounting reports you have prepared.

  197. 197.

    Tell me about a suggestion or successful contribution you have made in your past job or in college?