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Project Accountant Interview Questions and Answers
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What areas of accounting do you consider your strongest and which ones are you the most passionate about?
User Submitted Interview Answers
Auditing and preparation of books of final accounts.
I'm good a resolving system errors Or at least identifying the cause. I enjoy the analysis areas where you see a different way of looking at the data which illimunates an issue - eg analysing risk and cont budgets compared to labour costs - Often majorly out of sync which creates forecasting errors.
I am more proficient in taxation then I am at financial accounting, however, at my current capacity as a tax auditor I regularly have to review the financial information of companies to help make my determinations. I am familiar with financial statements and have been trained to prepare consolidated financial reports. I am a quick learner and am confident I can perform the tasks necessary for this job with some direction at first.
Cash management and financial reporting.
Reconciliation, costing, budget and financial analysis.
Well, I understand the concept of accounting but in terms of a particular area it would be accounting for projects.
In book keeping. Invoices with reconciliation, bank reconciliation, aging of payable and receivable. Cash budget. Petty cash. Income and expense financial statement.
Management accounts and project accounting are where my major strengths lie but I am also very good at financial accounting.
I believe that I am good at Financial Accounting –which includ month, quater and year end journal entries reconciliation, preparation of financial statment and analysis Month, Quarter, Year-end journal entries, reconciliations, sometimes financial statement preparation and analysis Management Accounting – BI, Budgeting, forecasting, financial statement preparation and analysis.
Allocation Method.
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