Entry Level Accountant Mock Interview

Practice 25 Entry Level Accountant interview questions covering journal entries, reconciliations, and financial reporting fundamentals.

Question 10 of 25

What are the steps in a monthly accounting close?

How to Answer
Example Answer
Community Answers

Brian Schuchart

Brian Schuchart is a CPA and Senior Finance Business Partner. His professional experience includes senior management roles with NBC Sports, Virtual Health, and the Children's Hospital of Philadephia.

Even as a new staff member, you will likely be very involved in the accounting close process. This question is used to assess whether your understanding of the accounting close process aligns with the organization's. Don't go into too much detail - rather, just hit the key steps and then ask how it compares or differs from the organization's process.

Brian Schuchart

Brian Schuchart is a CPA and Senior Finance Business Partner. His professional experience includes senior management roles with NBC Sports, Virtual Health, and the Children's Hospital of Philadephia.

"First and foremost, there needs to be a closing calendar so that deadlines are set for all departments. Next, all data must be gathered. This includes departments such as payroll and accounts payable preparing reports needed for journal entries. Next, all journal entries are booked. After journal entries are booked and reviewed, financial statements are prepared and balance sheet reconciliations are completed. Finally, the results are reviewed with leadership. Is there anything I described that differs from the process here at XYZ Corporation?"

Write Your Answer

0 - Character Count

Unlock All 25 Entry Level Accountant Questions

Master technical accounting questions that assess your readiness for real-world bookkeeping and reporting.

Get Started

Previous Question Next Question