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?

Best Answer

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

2.

To advance in the field of accounting.

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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.

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4. 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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5. 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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6. 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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7. 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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8. 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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9. 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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10. 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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11. 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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12. 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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13. 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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14. Have you ever worked on a project that lasted multiple years?

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15. 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.

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16. 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.

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17. 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.

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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.

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19. 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.

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20. 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.

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

Best Answer

Discussed with management.

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

Best Answer

Spreadsheet weekly tracking.

2.

That is done by pms not me.

3.

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

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23. Tell me about your education.

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24. How do you handle difficult clients?

Best Answer

Emotional intelligence win win approach.

2.

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?

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

Best Answer

I monitor the overall forecast Accuracy.

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