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Accounting Interview Questions
1. What is FIFO?
Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers.
wikipedia.org/wiki/Accounting
Accounting Interview Questions
2 of 25
What are the different types of internal audit?
 
User Submitted Interview Answers
1.
Financial, operational, compliance, IT, consulting.
 
Question
3 of 25
How does higher management benefit from payroll reports?
 
User Submitted Interview Answers
1.
It is important to understand the cost of labor to a business, as it can indicate how efficiently that business is using its human resource.
 
2.
The management gets a better view of the employee cost.
 
Question
4 of 25
What software do you have experience in, when dealing with payroll?
 
User Submitted Interview Answers
1.
I'm familiar with various bookkeeping programs such as QuickBooks, Xero and MYOB.
 
2.
I use quickbooks for payroll services.
 
Question
5 of 25
How committed are you to work the hours necessary around tax season?
 
User Submitted Interview Answers
1.
I am committed to working as many extra hours as my supervisor requests of me.
 
Question
6 of 25
What is an accrual?
 
User Submitted Interview Answers
1.
A transaction that is charged to the account but not yet paid.
 
2.
Accounting method that measure the performance and position of a company by recognizing economic events regardless of when cash transactions occur.
 
Question
7 of 25
Tell me about invoice discrepancy that you discovered and how you resolved the discrepancy?
 
User Submitted Interview Answers
1.
How much money have you saved the company and how did you do this.
 
2.
Wrong vat percentage added,
 
Question
8 of 25
Explain to me the different ratios in accounting?
 
User Submitted Interview Answers
1.
How do you feel about working with indigent patients.
 
2.
Profitability, liquidity, gearing,
 
Question
9 of 25
What is your experience with excel?
 
User Submitted Interview Answers
1.
Good- worked at my voluntay accountancy practice.
 
2.
I can make salary sheet pay rioll sheet and other data recorded and more.
 
Question
10 of 25
Define a bad employee?
 
Question
11 of 25
What is notional cost?
 
Question
12 of 25
Give me examples of internal control procedures that you have developed and maintained?
 
Question
13 of 25
Tell me about an invoice discreptancy you have discovered in the past, and what you did about it?
 
Question
14 of 25
Would you make it mandatory for your employees to be on direct deposit?
 
Question
15 of 25
How would you generate a cash flow statement?
 
Question
16 of 25
How do you record retained earnings when you sold company shares for closing of the books?
 
Question
17 of 25
What is the meaning of per diem?
 
Question
18 of 25
What is the difference between cost accounting and management accounting?
 
Question
19 of 25
I dislike to ask this question, but in what area of accounting are you the weakest?
 
Question
20 of 25
Tell me about the financial forecasting that you have been responsible for?
 
User Submitted Interview Answers
1.
According to the source of fiance we must tool the financial decision ... And make the plan fot he future . Where fund is collected and where it 's used . And mail target of plan is acheived more profis.
 
Question
21 of 25
In which areas of accounting would you say you are the best at?
 
Question
22 of 25
What is the purpose of an audit comittee inside a firm and its role with external auditors?
 
Question
23 of 25
How can you link between materiality and audit report?
 
Question
24 of 25
What is the planning budget in a general ledger?
 
Question
25 of 25
Explain to a ten year old what a balance sheet is?
 
Contributing Author
Ryan Brown
Founder of Mockquestions.com


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