Fixed Asset Accountant Mock Interview

To help you prepare for your Fixed Asset Accountant interview, here are 30 interview questions and answer examples.

Fixed Asset Accountant was written by and updated on February 26th, 2021. Learn more here.

Question 1 of 30

What are some examples of internal controls that impact fixed assets?

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List of 30 Fixed Asset Accountant Interview Questions & Answers

  1. 1.

    What are some examples of internal controls that impact fixed assets?

  2. 2.

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

  3. 3.

    How do you mitigate and manage stress?

  4. 4.

    Are you a detail-oriented person?

  5. 5.

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

  6. 6.

    Why did you want to become an accountant?

  7. 7.

    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?

  8. 8.

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

  9. 9.

    What are the differences between accrual accounting and cash accounting?

  10. 10.

    What have you done recently to become a better accountant?

  11. 11.

    What is Section 179 Expense?

  12. 12.

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

  13. 13.

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

  14. 14.

    Why is depreciation expense considered a non-cash expense?

  15. 15.

    Do you have experience working with external auditors?

  16. 16.

    What are the steps involved in the accounting close process?

  17. 17.

    How are fixed asset purchases accounted for to comply with the matching principle (recognizing expense in the period incurred)?

  18. 18.

    What is an impairment of a fixed asset and what is the accounting treatment?

  19. 19.

    What accounting software are you familiar with?

  20. 20.

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

  21. 21.

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

  22. 22.

    Are you open to travel with this role?

  23. 23.

    Are you proficient in Excel?

  24. 24.

    What is the fixed asset turnover ratio and how is it calculated?

  25. 25.

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

  26. 26.

    Please rank these asset classes in order from shortest useful life to longest: Leasehold improvements, computer, and furniture.

  27. 27.

    What types of costs should be capitalized when an asset is purchased or acquired?

  28. 28.

    After acquisition of a fixed asset, are there any instances when additional costs related to the fixed asset can be capitalized?

  29. 29.

    What are some examples of startup costs that should be capitalized when a new business is launching?

  30. 30.

    What is the Sum-of-the-Years Digits Method of depreciation and what is the reasoning for using the method, as opposed to standard depreciation?