Top 25
Project Accountant Interview Questions

1. What are your career goals?
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Interview Questions and Answers List

1. What are your career goals?

Top Answer

Maintain interesting and challenging roles continue to learn and widen and improve experience become more valuable.

Second Best

To advance in the field of accounting.

3.

Be all rounder as a qualified accountant. Make a difference an dput something bak in community.

4.

Higher position in Accounts and finance department.

5.

Achieve my own career to join your esteemed organization & to be part from successful of the organizaation.

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2. Why are you the best candidate for us?

Top Answer

I love to work and workoholic. I can add value to your esteemed organization.

Second Best

As per the company requirement I am fulfilling all criteria. I will put all my effort for the company sake. I believe in team work.

3.

In near term, I would like to be part of team and understand the role and responsibilities. Perform best to meet the expectations of management.

4.

Have the qualification you are looking for in project accountant eg maintaining project budget and producing progress claims. I am team player. I take directions and have the desire to be successful to produce excellent results.

5.

Because I have the Qualifications and the experience and I am a go getter.

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3. How did you handle it when projects were over budget? What did you do to keep it within budget?

Best Answer

Firstly to try and understand the causes and then to discover if there are any mitigating actions that can be taken, including cutting cost in other areas or analysing projects critical paths to see if dead time can be used more effectively. Can we charge the customer more - was it there actions or requests that have caused the overrun. It's important to have regular reviews even if everything is running smoothly to catch problems before they occur if they have a financial impact.

2.

I call the attention of the project manager to request approval from the donor/grantee on the excess on the budget. Monitor and control request for disbursements.

3.

Look at variances and understand them. Ascertain that the actuals are correct. If correct communicate it to the budget lead, if it is possible to revise budget.

4.

Actually I will try to follow the following procedure: - control & monitoring my expenses - trying to maximize the benefit of the goods. - coordinate with the project manager to make our workers happy to raise them producer to finish the job before the planning time - I will try to find alternative materials with low price complying to the project specs.

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4. Tell me about your education.

Best Answer

I have Level 2,3 & 4 AAT and a degree in Accounting and Finance reading a 2.1 and I am exempt from the first 7 ACCA exams. I am very dedicated to finishing my professional qualifications and am planning to start studying at the weekends once I have settled into my new role, paying for the qualification myself.

2.

Qualified accountant with extensive experience in both management and financial accounts.

3.

Bachelors degree in finance.

4.

I graduated from Alexandria university - grade good- 2005 & I got scholar ship from ministry of defense in american language course for 6 months also I got ICDL from New Horizon institute Alexandria.

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5. How do you handle difficult clients?

Top Answer

Emotional intelligence win win approach.

Second Best

Calmly, try to understand there issues properly so they feel heard but also be sure of my own position so I can defend myself. Examples - Neil not wanting me to go.

3.

How do you handle difficult clients?

4.

Firstly I would ask what difficulties they faced and see if I could resolve there problem as soon as possible. I would choose my words carefully ensuring I did not put any further strain on our working relationship. I would always be on hand and ensure that I was providing a service far beyond what was expected of me in order to gain respect and trust needed to achieve our objective and work as part of a team.

5.

Understand the clients problems. Listen and explain. Admit outright if I have made a mistake and give assurance that matter is being dealt with.

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6. How do you stay organized as an accountant?

Top Answer

I have my calendar, I make daily work list and check list and get organized.

Second Best

By Maintaining secrecy All documents to be kept confidential never discloses any information to anyone.

3.

I parotize my work according to deadline.

4.

Completing work with the time frame provided, all daily work should be up to date and also ensure accuracy to avoid rework or any other unnecessary work. In terms of documentation, ensure all supporting documents are filed for easy location when needed.

5.

I believe that I am very organized person with a good time management, I like to prioritise my job and make sure that I provide the best service. I like to check my job and make sure that results are accurate.

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7. Describe the systems you have in place for keeping track of assignments given to staff members.

Top Answer

Spreadsheet weekly tracking.

Second Best

That is done by pms not me.

3.

Describe the systems you have in place for keeping track of assignments given to staff members.

4.

I have my inbox, schedule calendar. Deadlines and follow-ups. I use the email notification. Flag and put tasks in categories.

5.

Following up with them - encourage them to finalize the issue concise and help them to find out the solutions and im believing to work as group.

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8. How have you monitored the performance of your team?

Best Answer

I monitor the overall forecast Accuracy.

2.

I have weekly meeting with my assistant, to see where we are. I have a monthly meeting with the team leaders giving feedback and raising issues.

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9. Have you had any disputes with other employees in different departments about costs?

Top Answer

Yes but i always try to find the solution and make the employee to inderstand the situation.

Second Best

Yes but i always try to find the solution and make the employee to inderstand the situation.

3.

Yes and I always try to resolve the issue and make things easy to understand for other employees.

4.

Yes, but an amicable solution always comes where I show them the need to conserve costs and how to monitor their own costs.

5.

Have not worked on costs but have solved the situation with other department.

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10. How long do you plan on working in our department?

Top Answer

Like any one else, I look for a long term relationship with the company. After giving considerable amount of time, if there are opportunities to grow within the company, until then.

Second Best

Provided it provide opportunities to grow in my career I would stay in my department until I will retire.

3.

It solely depends on Comapny.

4.

Well, I have had much interest in working in a hospitality industry and since this is a great opportunity, I would like to stay until my contract expires and would like to extend should I get an extension.

5.

I hope that it will be as long as possible.

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11. What can you do for us that other accountants can not?

Top Answer

Contracts evaluation/Subcontracts accuracy.

Second Best

Using my knowledge i can provide great accounts and helping the company achivening the goal.

3.

I will try to work harder than that of other accountant in the project by analyiing all the reports that directly related to project accounts work.

4.

I will not only be an asset to your company in accounting field but also in other decision making processes. This is because my last job involved designing projects thus I have gained insights in the area.

5.

Attention to detail, just need to be familir with system no training, and financial role.

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12. How do you determine how much labor costs are for a particular employee that has worked on several projects, not just this one?

Top Answer

The labor costs are usally pulled out from a payroll system. Particular employee should be coding his/her time according to the cost code worked.

Second Best

By looking at the expences for the particule projesct and the labour hours involte in the eacch project.

3.

Check the previous amounts he/she earned per hour add any increment as per contract he/she signed with the company then multiply with the number of hours he/she worked.

4.

Time track data is the key and total employee cost and divide by projects.

5.

This can be determined through the time cards of each employee or attendance sign in at the project site.

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13. What areas of accounting are you particular good at?

Top Answer

analysing cntract bills and profiling best contract to be sorted for

Second Best

IAS 11 - Construction Contracts

3.

Allocation Method.

4.

Auditing and preparation of books of final accounts.

5.

Well, I understand the concept of accounting but in terms of a particular area it would be accounting for projects.

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14. Tell me about your education in accounting.

Top Answer

Business Administration degree

Second Best

I have a Batchelors Degree in Accounting. My area of study was Costing. Allocation is the key for costing.

3.

I am a certified public accountant working towards my CMA .

4.

Right after high scholl , i did Certificate course in financial management for two years and ihave been working as Sr. accoounta for the last 19 years. i have a good knowlegde of accounting works.

5.

I amna qualified project accountant with experience of provide accounting support for projects preparing financial analysis and reports for project activities

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15. What was the most challenging project you worked on?

Top Answer

I have worked on a Project that was handed over me in the middle of a mess. I first took a look at the accrued receivables and started clearing the unreconciled balance. I was sucessful to bring the balance down to a nominal cost of couple of thousand dollars.

Second Best

Project A . Infact I didnt work but just watched it. Its a Nice Movie starring Jackie chan.

3.

Whwn i was a student at university I had to managet a project including 5 people in a team I was the one responsable for the project and coordonate.

4.

When I designed a project targeting vulnerable populations I did not have adequate information about.

5.

Clear the balance sheet from a mess.

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16. How would you come to a resolution disputing material costs for a project that you shared materials with?

Best Answer

Split the cost.

2.

Agree % used internally and find out what the other project though and negotiate - also not get too bogged down of all costs are incurred by company anyway.

3.

I would take the total cost of the material and charge the percentage of the costs inline with the amount of materials each project used. This would be the fairest resolution as it would be unethical for a project to bear costs attributable top another project.

4.

Share using number of output if it is quantifiable. If not base on percentage on turnover.

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17. What is an audit query?

Top Answer

Any questions related to a company which is audited either by an internal or external auditor.

Second Best

The final touch of the accounts.

3.

It is the matter being investigated while examining financial report of a company.

4.

Audit queries are questions asked by an auditor during an investigation. These may be used to gather information to come to a conclusion in the audit.

5.

An audit query, is a explanation that is required by the audit team on certain points that they may have identified during an audit.

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18. What is your greatest weakness? What are you doing to improve it?

Best Answer

When bored I can be lazy and procrastinate which is why I'm looking for a new job. But wothin my current job I'm trying to use down time productively so I don't get bored- identifying ways to streamline my job To the extent someone else can do it! Trying to identify value add activities and taking advantage inteaining.

2.

Sometimes I find it hard to let go of projects and can over burden my self with an intense workload. For example all of our projects were split into cost centres I looked after half and so did my counterpart. Although we shared the cost centres evenly by luck of the draw I had substantially more projects but I didn't want to give them up as I felt I have built a relationship with my project managers and I felt asking for help would look like a weakness. I continued to get through all the work but it left me frustrated at times. I did eventually ask for help in redistributing the projects to ease the burden on my self and to offer a better service to my project managers. This was a real turning point and I realised that my only weakness was not letting my counter part help me with my increased workload. This also improved her confidence and enabled us to work more effectively as a team.

3.

I strive to meet deadlines, and often work over to complete a task. I often have to keep repriotising my work and accept that there are times that I would not be able to meet it and just need to let those affected know if I have difficulties.

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19. How have you monitored the regulations that affect your accounting position?

Best Answer

Yes - from and hp policy point of view they meet us gasp and idea - I don't specifically read new frs.

2.

I have attended Mercia courses as continuing professional development.

3.

I use the IFRS guidelines, sometimes use CIMA /Linked in and other colleagues in organisation.

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20. Why did you choose to pursue a career in accounting?

Best Answer

Because Accountancy field is very interesting and challenging.

2.

I have an answer to long to type.

3.

Maths has always been my favourite subject. I was intrigued to find out more about accounting and so I signed up to Abingdon and Witney college and completed level 2 & 3 AAT. I then obtained work experience in the management accounts department and enjoyed it so much I decided to pursue a career in accounting.

4.

I had a basic understanding book-keeping at O levels. Continue in my tertiary education. I understand the double entry concept. I like economics and politics. I feel that they are important elements in organisation. Understanding them and make it work to achieve objectives.

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21. How do you prioritize when you have multiple deadlines to meet?

Best Answer

I always Alsace multiple deadlines. Work out quickly what I can do in the available time. Work out which Asha's the biggest impact -'discuss with customer to see if anything can be extensdesmor set expectations, docuss with magr If an an impasse.

2.

I always have the intention to meet deadlines regardless of when they fall due, worst case scenario I would seek help from within my team. Part of my preparation will be to rank my tasks in order of importance in the event that I could not meet all the deadlines concerned. That way the more important tasks would get finished and the less important tasks would not cause too much disruption if they were late.

3.

I have to deal with one that would have the most significant impact first. I have to also remember cash is king.

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22. Tell me about your experiences as a project accountant.

Top Answer

my experience as an accountant has been great ranging from, Financial Reporting, treasury management, budgeting and budget control, compliance and general ledger management, internal control management and human resource duties

Second Best

Gained considerable knowledge in costing. Lots of analysis and how effectively cost accounting system can be used.

3.

I have worked as account consultant for two years where I specialized in conducting project feasibility studies, designing alternative sources of finance and preparing project budgets.

4.

I have an experience of eight years now as a project accountant working with two different project at Plan tanzania.

5.

I have more than 8.5 years expeience in accountancy field working as a project accountant in any site/project is awesome.

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23. Have you ever worked on a project that lasted multiple years?

Best Answer

Yes I have worked on projects that spanned over multiple years and even multiple finance systems. Its more of a challenge when you are dealing with queries from a period before you were in the role, but it is a very good learning curve and a good way to have a feel for the project.

2.

No. only as trustee to view the organisation performance and reporting structure. To comply with FRS102

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24. What is your greatest strength?

Best Answer

I would say my greatest strengths are excellent communication, being extremely organized, stakeholder engagement and flexibility to achieve deadlines.

2.

Fast learner self started, have confidence I can learn anything and becaus I want that to remain true I am very determined.

3.

I have great interpersonal and communication skills and I am able to communicate financial information to people from a financial or non financial background. I am very proactive, have strong analytical skills and use my initiative to complete tasks independently. I have a great level of attention for detail and often pick up inefficiencies that other people have missed. I am a team player willing to go above and beyond what is expected of me.

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25. How have you implemented the recent tax changes in your company?

Best Answer

Discussed with management.

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