Top 15
Senior Accountant Interview Questions

1. How do you stay organized an an Accountant?
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  Senior Accountant

The senior accountant is responsible for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensure appropriate accounting control procedures.

Description Source: bls.gov/ooh/Business-and-Fi...

Interview Questions and Answers List

1. How do you stay organized an an Accountant?

Top Answer

I keep a daily calendar and a weekly to do list.

Second Best

As a senior accountant I have been in situations where I need to be able to juggle multiple tasks, so each morning I try to plan my day. I feel if I write down what I hope/expect to accomplish today I am more likely able to complete those tasks. I am also able to prioritize what I need to finish and it keeps me focused on being more efficient. Thus each morning, based on my emails (which I flag and folder) I write down my list of accomplishments. I understand sometimes other unsuspected/ad-hoc requests occur during the day, so at that time I re-shuffle my list to account for what needs to be done as a priority.

3.

I will stay with professional way, hard work, co-operative with staff.

4.

Keep a log of my files (including deadlines). Also prepare schedule for files and when they are dues and the log keeps track of the progress of my files.

5.

Prepare timely financial reports, ensure accuracy.

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2. Give me an example where you used your skills to bring down the costs of the company.

Best Answer

In controlling the purchasing in low price good quality, and good margin with sales and recovery with in ageing period and more credit facilities with creditors.

2.

I have not yet have experience with regards to cost saving however working at a school, a project orientated approach will limit funds raised for a certain project to that specific project, doing a proper cost analysis will keep us in the budget of the funds raised which will lead to not using extra funds from the school to use for day to day running.

3.

Reduce time to run a query by combining queries and updating the criteria, update an excel file.

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3. Take me through your latest budget preparation.

Top Answer

First, I updated all the budget assumptions through collaborative meetings with various departments. Next, we reviewed any bottlenecks and determined what affects they may have as well as any potential step costs. Once this part was complete we obtained the sales forecast for the budget period and obtained the capital budgets from the plants. Lastly, I updated the budget model and reviewed the budget with senior management.

Second Best

Updated the assumptions, Reviewed the bottleneck of not achieving the revenues target in the previous quarter, Collected departmental budgets, Steps up the costs on the key areas, updated the master budget.

3.

Close out PO budget sheet.

4.

My last budget preparation would come from college during the time when I participated in an international business competition.

5.

1. Compare expenses and revenues for two simultaneous periods. 2. Take the averages of the expenses and revenues to create a budget.

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4. Do you work well on a team? How do you define teamwork?

Top Answer

Yes very perfectly. Teamwork is an avenue where the organisation enjoys the best results from diverse group of people with different initiatives.

Second Best

I do work well within a team. A team looks out for one another in their highs and lows. A team draws skills and knowledge from each other's experience to produce a well qualified job to the satisfaction of the employer and the client.

3.

I work great in a team atmosphere. I define teamwork as every person giving 125% to a common goal.

4.

Yes I am flexible to work with team work and this is as per my experience I can work.

5.

Yes I work well in a team. Different individuals brings different ideas which will lead to reaching the ultimate goal and that is what I consider teamwork.

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5. Tell me about your experience in this industry.

Top Answer

I have over 7 years of progressive experience in this industry.

Second Best

I have 7 years of progressive experience in this industry. I started as a staff accountant and I am currently a senior financial reporting accountant.

3.

Over 30 years in managing General Accounting, Tax planning and forecast.

4.

I am sr account executive last 3.5 year I am woking here looking all accounting cycyle vat service tax tds return file.

5.

I have 10 years experience in Accounting. 3 years of which, I've lead a group of 7 and 2 years of which I've supervised 1.

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6. What qualifies you for this position?

Top Answer

I think that my experience in the oil and gas industry and my ability to work autonomously make me a good match for this position.

Second Best

My experience and qualifications.

3.

My professional qualifications and work experience.

4.

By posting daily instead of just month end, reconcilitaion, double checking , by maintaining calendars, documents in proper folders.

5.

My educational background and extensive work experience in the field of accounting make a a perfect candidate for this position.

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7. How do you handle stressful situations?

Top Answer

I will handle stressful situation in smoothly. Avoid stress and look forward to solve the situation.

Second Best

No pressure on duty hours.

3.

Stressful situation is a situation that can not be avoided in my chosen career and have developed strategies to overcome and handled.

4.

I take the situation in little parts to break down the stressful situation.

5.

With polite and soft I will manage.

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8. Why did you choose to pursue a career as a Senior Accountant?

Top Answer

To add value to the organisation I work with.

Second Best

I'm pursuing a career in the field of accounting because I not only enjoy the work but also find it challenging and I also like the diversity of the work itself.

3.

I am confident from my previous experience that I can manage my own portfolio of clients and manage them well and also grow them. This can be achieved by putting use of my skills and knowledge and experience.

4.

Because I am b. Com account honors and get experience in accounting more then 8 years.

5.

I chose a career as a senior accountant to get a broader perspective of the industry.

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9. Why should we hire you?

Top Answer

Its because I have experience in managing risks and improving processes.

Second Best

Bad answer: “I graduated four years ago from the University of Michigan, with a Bachelor’s in Biology – but I decided that wasn’t the right path for me. So I switched gears and got my first job, working in sales for a startup. Then I went on to work in marketing for a law firm. After that, I took a few months off to travel. Finally, I came back and worked in marketing again. And now, here I am, looking for a more challenging marketing role.” Instead of giving a chronological work history, focus on your strengths and how they pertain to the role. If possible, illustrate with examples. Good answer: “I’m really energetic, and a great communicator. Working in sales for two years helped me build confidence, and taught me the importance of customer loyalty. I’ve also got a track record of success. In my last role, I launched a company newsletter, which helped us build on our existing relationships and create new ones. Because of this, we ended up seeing a revenue increase of 10% over two years. I’m also really interested in how companies can use web tools to better market themselves, and would be committed to building on your existing platform.”

3.

Good knowledge about accounting.

4.

I am a key person to connect two different cultures and I can organize to get a goal with Korean company.

5.

If you hired me, I will provide my good experience and I will work for growth of company.

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10. What do you know about our company?

Top Answer

Inovative and forward thinking business model concurrent with assisting companies obtain and retain customers.

Second Best

the company engaged to sold the car

3.

Yes,your company provide service in india of software.

4.

Education department

5.

what i know

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11. Describe to me what qualifications you feel a person applying for this position will need to have the most success?

Top Answer

What is the journal entry of credit note?

Second Best

Financial Accounting Background and vast experience in Managing reports at senior level.

3.

Serious, ponctuel, sharp eye.

4.

Who knows about Australian system and Korean culture also need a having forecasting skill to help top manager's decision in the project.

5.

I feel that communication, proactiveness, innovation, and teamwork are the critical needs for success.

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12. Tell me about the latest changes in tax laws.

Best Answer

Tax laws are ever changing.

2.

I can follow the ready recon er of taxaction.

3.

Tax laws change on an constant basis, but the latest tax law implemented in South Africa is to bring provident fund pay outs in line with pension payouts.

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13. Tell me about a time you handled a complex financial project with a tight deadline that required precise data collection and analysis.

Top Answer

While Working for EASSI, I had to report on the transaction of 25 billion in the span of 4 months and we have categories of Restricted funds and non restricted and we had just lost a colleague in the department and the second one on maternity leave yet I had to beat the deadline.

Second Best

I often made many financial report for top boards, I focus that the key.

3.

The monthly financial statements are time sensitive. Specific deadlines should be met early in order for the final product to be on point.

4.

It is depend of the work.

5.

About 2 weeks ago I did my first Cash flow projection, under supervision on our SB Chairperson. All the information needed to be as accurately projected, as close to the budgeted figures as possible. I used all the resource from Pastel as well as the 2016 budget to do projections in a very limited amount of time. I double, triple checked all information before forwarding it to the relevant praties.

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14. Why are you the best candidate for us?

Best Answer

Job advert just put what I do daily as the job responsibilities, So this makes me the best contender for this postion.

2.

I have thoroughly researched this company and I believe in the core values and mission of the company.

3.

If feel past questions you can feel I am best.

4.

I am a hardworking, loyal and trustworthy person that pays attention to detail and focus on being the best in everything I do. I have the experience and the under the school dynamic as I am currently employed at the school. My goal is to run the finance department as effeciently as possible, if you display confidence in me and offer me this position.

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15. What are your career goals?

Best Answer

Good team player, co-ordinate with co-workers, problem solving ability.

2.

To be a worldwide Financial Consultant.

3.

I want to try to reach on higher position on company.

4.

My career goals is also to better myself in the accounting field. I want to enroll this year in a financial management course and would like to further my career to become a successful financial manager.

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

Best Answer

Yes, I have always had suprise visit to their desk and see how people perform.

2.

With professional and with company policies and procedures.

3.

I have not had the opportunity to be in a senior or management position to evaluate performance of team members.

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

Best Answer

Accounting manual, Designed the excel based software to monitor the loans, Vouching system.

2.

Stander house keeping system and tracking data in Ms Excel.

3.

I have implemented a signing off register when handing statements out to teachers to hand out to the children. Then if a parent enquires on why their child have not received a statement I can confirm when I have given it to teachers and if the teacher has it if the child was absent.

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18. How do you control errors in your work?

Best Answer

After completing the work imminently I will and correct the erorr.

2.

Mistakes happen. I try however to not make uneccessary mistakes. I finish one thing at a time in the order of urgency ( Deadline )first then importance. I control the time of work to times when I am bound to have less disturbances like after school and try to finish urgent work long before the deadline.

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19. What do you know about our company?

Best Answer

West Rand SDA Primary is an adventist school focusing on quality christian education.

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20. Where do you see yourself in 5 years?

Best Answer

I see myself preparing for and passing the CPA exam, as well as developing my professional skills.

2.

I am reach my goal and I completed my 80% targets and I got good experience in my field.

3.

I see myself successful in wherever my career path has lead me.

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21. If hired, how do you intend on making a difference with our company?

Best Answer

I will do my best as per my experience and I control and try to keep with professional run smooth the work.

2.

If hired I would run the Finance department in such a manner that school is more profitable and that will contribute to West Rand being the institution of choice to our adventist as well as non adventist families.

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22. Do you work well under pressure?

Best Answer

Yes I do. I see myself as more focused and perticular when pressured. However I try to work to finish urgent tasks before deadlines to avoid working an a constant pressured enviroment.

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23. What has been the most significant decision you made at work this year?

Best Answer

I can prepare the financial reports in my dead lines.

2.

To work smarter and not harder.

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24. How do you prioritize your work when you have multiple deadlines to meet?

Best Answer

If it is necessary to finalized so important work can see which one is need ti finished on as per management information.

2.

When I have multiple deadlines I rank my work in levels of urgency and importance.

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

Best Answer

As per company policies and procedures with in time limit.

2.

Standards and regulation change on a constant basis. I want to register online with the Accounting Standards board and familarise myself with the Generally Recognised Accounting Practice in South Africa to keep myself informed and up to date.

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Job Satisfaction
Interview Difficulty
Vacation
Hours per Week
80%
Average
Two Weeks
40 Hrs/Wk

Education Requirements

Most accountants and auditors need at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting improves job prospects. For example, many accountants become Certified Public Accountants (CPAs).

Work Environment

Most accountants and auditors work in offices, although some work from home. The work tends to be fast-paced and can be stressful. Although they complete much of their work alone, they sometimes work in teams with other accountants and auditors. Accountants and auditors may travel to their clients’ places of business.