Inventory Accountant Mock Interview

Master 25 Inventory Accountant interview questions covering GAAP, variance analysis, and cost accounting systems.

Question 22 of 25

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?

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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.

This is a question that gauges whether you understand how different key metrics drive inventory changes. In this specific example, lower sales and higher receipts would both cause inventory to grow vs last year.

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.

"In this example, I would expect inventory to grow at a higher rate than it did last year. Higher receipts means more product coming into inventory, and lower sales means fewer products leaving inventory. This would be a concern to me, as higher inventory balances would indicate a higher obsolescence risk."

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