Accounting Interview Questions and Answers - For Freshers and Experienced Candidates

Описание: Learn most important Accounting Interview Questions and Answers, asked at every interview. These Interview questions will be useful to all entry level candidates, beginners, interns and experienced candidates interviewing for the role of Junior Accountant and Senior Accountant.

The examples and sample answers with each question will make it easier for candidates to understand these general, conceptual, situational and behavioral interview questions.

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0:00 Introduction
0:41 Skills required to be an Accountant Organizational & Time Management skills Adaptability
2:50 Role & Responsibility of an Accountant Posting journal entries V
4:01 What is Liability? Liability - Obligation on company Opposite of assets Includes Accounts Payable, Short term loans, Interest payable etc. Recorded on right side of Balance Sheet
5:05 Importance of reconciliation of books. Identify error entries, double entry, incorrect amount ✓ Identify fraud by manipulating books Accuracy and completeness of records
6:04 Accounting vs Auditing Accounting - Recording the transactions & activities Auditing - Checking if recording has been done correctly.
6:28 Material Facts Bills and documents to support the entries in accounts
6:57 Bad Debt Expense Amount from accounts receivable that can't be recovered
7:51 Examples of intangible assets Patents Copyrights Trademarks Domain name Brand names
8:12 What are fictitious assets? Not tangible Money is spent on them Written off against firms earnings in more than one accounting period
8:43 How do you keep yourself updated with regulations? Staying updated is important New trends, laws or anything that affects you