7 Senior Accountant Interview Frequently Asked Questions
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- Опубліковано 28 лип 2024
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Sharing with you the most frequently asked Senior Accountant Interview Questions and their answers.
If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?
What methods have you used for estimating bad debt?
Can you give me an example of how you would explain a complex accounting process or finance data to someone in HR, tech support or another team?
When you buy a piece of equipment for a company, what is the impact on the three financial statements?
What is the difference between a trial balance and a balance sheet?
What happens to the cash, which is collected from the customers but not recorded as revenue?
Can you describe an accounting process that you helped improve?
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In question number 4 I would have, as a candidate, asked if the equipment was bought on cash or credit. In practice, most equipment is initially bought on credit, especially if it's some expensive equipment.
This is an Eye opener.I will walk confidently into that interview tomorrow with my head high.Thankyou so much
I like how you give examples for the answers to the questions. So helpful! Thank you so much!
Thanks Paula
Wow!!! This is so helpful! I loved your examples. Especially for me as a second language it’s harder to understand the situation but you give examples so it makes sense.
Great! Thanks for watching
Love your videos. They’re super helpful and everything you say makes sense.
So glad!
This is the best accounting interview video, this guy is a master.
Thanks Yan
A very informational video, thank you and happy new year!!!!!!!!
Happy new year hira
Thank you so much ,this video was so much helpful. 🙏
WOW Thank you so much for this guideline. I recently went through a similar question on my previous involvement in resign process for improvement and it was conducted by a machine-based video with limited time for response. I was obviously not ready for that :(
@@anioti8188 you can slow or speed up any videos yourself
@@anioti8188 Oh you're upset because you didn't notice that option right in front of your face? Even small children know its there. You should be grateful I replied everyone else ignored your question LOL. They said let them figure it out. HAHAHAHAHA
@@anioti8188 and it's none*
@@monicajones9597 🤣🤣🤣🤣🤣
Am not affordable to buy interview guide ... Am impressed by looking all your video and explanations .... Finally your videos started reaching to us ... Am from India small city difficult to get good training like this 👍❤️ am happy and heartily thank you for your efforts
Thank you 🙏
for the first question, with reference to the modern ERP framework, my answer would be 1 ledger and 3 subledgers.
Very helpful information presented on a simple way , thanks Hana
Thanks 🙏
Your videos are really informative and helpful.
On the first question, I would have answered 1 ledger, 3 accounts. I refer to the general ledger as where all the accounts are listed. I don't refer to the general ledgers. The basic statement that each bank account has 1, either ledger or account, is the point.
It would be wonderful if you can make a video for Accounting Manager or Assistant controller :) thank you so much kind sir.
I know all answers , feeling confident about my concepts
Very helpful!! Thanks!!
I watched the videos and after some interviews, I got a good job offer. They helped in combination with working with the right recruiter and working toward my certification.
Wow great to hear Kirstin!
I really thanking you for your efforts 💐
Thanks ahmed
Great content and nice presentation 🎉 as usual 🔥
Appreciate it Anoop
Very informative. Much blessings 2021.
Same to you Stephen
Great video ! You mentioned about an API that you created to facilitate the recording of expenses in quickbooks. In the company I work for, we also use expensify and our accounting software is SAP. I am entering all expenses manually currently. What is this API that I could also implement so that I save time for more important stuff ?
Hey yeah sure. Contact your Expensify Customer service rep to guide you through it. It’s super helpful to have
Just great. Thank you again
Thanks Annie!
Thank you very much.
Dear Mr. Bill,
As usual great videos,
When do u think you'll start with a Playlist for the managerial finance/ Intro to finance course covering all the materials & doing some exercises.
This playlist will amazing!!
Thanks Ayoub. Soon just hard to commit to a timeline right now :)
More such videos are helpful 🥰 appreciated!
Hi thank you
I wish I can work for you. The way you explain so much to learn from you.
Wow I really like your explanation, which is very helpful! Thank you very much! I have upcoming interview for Fiscal Analyst II with the city and I am very nervous.
Best of luck
Another helpful video from your channel!
Thank you!
Dear Bro. Thank you very much for this useful video.
WOW, these questions are already for senior position but those question are used in my interview for bookeeper position.
I am surprised as well, I too had these questions for my very first bookkeeping job lol
Your videos are very useful, thank you. I want to improve myself in the field of IFRS reporting. Is there a resource you can recommend for this? I miss many job opportunities that I want to apply because I have no experience and knowledge.
Thanks sers. Iasplus.com and ifrs.org are my go-to sites
Thank you, thank you thank you 🌸
I love how your channel has grown, sir! This is so helpful! I only wished you have replaced that spooky Halloween music to a sexy lofti one 👍👌
haha thanks!
Very nice video sir I learnt how to answer
This helped me lot.. Thanks
This was very helpful
Q6) Also could be the answer that it should be irrelevant income so we are not allowed to show it as the central part of company activity so we can journal it in temporary ACC. Sometimes it is recognised as an advance paid by the customer.
I think the same. You cannot really accrued an income if the seevice or goods has not been occur in that period. So I suggest you record it as deposits held or BS. This will remain liability to the company until the service or goods has been served.
very helpful guidance indeed. thank you sir
Hello, I’ve watched a few of your videos and I’m loving them, learning so much. My question is, what would be interview questions for a university bursar?
Hi. I would say questions around keeping organized. So talk about checklists and taking good notes. Maybe the use is tech like like a spreadsheet or Google Tasks to keep track of action items. You get the point. Good luck!
This video was great! I couldn't download the template.
muito bom!!! ...
Hi Bill, and what happens if they ask for a Derecognition of property, plant and equipment?
Very informative
Most of your video is rewatching videos due to impact of improving learning process. Thanks for the videos and love from dubai❤
It's my pleasure
Nice video very informative
Excellent vedio with amzing knowledge
Thanks Zeeshan!
Your video has given me a guideline. I have asked more difficult questions when I recruit my assistant. He scored 35% which was highest. Starting from simple accounting equation to interpret cash flow to top management.
…4employment to Nasa or Finance Projects for escaping from Earth?! :)
Hi Bill-This was a question asked to me by my interviewer.Just Sharing and I would like to know the correct answer.Thanks.Prepare complete Journal Entry-Scenario is-My Company's Rent for year 2020 is $120,000/-.I received the invoice from Real Estate on 5th Jan 2020.But I will be paying the entire $120k only on 10 of April-2020.Pass the complete journal entries.
5.01.2020 Rent payable account Dr
To real estate owner 120000
10.04.2020 real estate owner Dr
To bank 120000/-.
Jan-march month end entry
Rent a/c Dr 10000
To rent payable 10000
April 5 2020 prepaid rent A/c Dr
To rent payable 90000
From April onwards month end entry until December 2020.
Rent a/c Dr
To Prepaid Rent 10000.
Note: Rent payable under current liability prepaid rent under current assets.
Great Video...
Very helpful
I really enjoy the videos. I need advice on landing a Senior position. I notice many company want Financial Statement experience and I explain that I manage the accounts to the FS. Why am I having a hard time getting the position.
I think you need get good at FS analysis, such as actual vs budget, accruals (knowing what to accrue for), roll forward of BS accounts
Informative session.
Thanks ripan
If you went for accounting interview, check the company background first whether it is a service company or manufacturing company. And job description. Write down the possible accounting technique questions and prepare for that. Best of luck .
I approve this message;)
Smart idea
Fantastic.
Super.. Nice Explain..
I majored in Finance but I work as an accountant and it’s so hard to keep up with all the accounting rules 😢 I know the basics but every day there’s something new that I don’t understand and need to search it up it’s so frustrating.
So basically it like healthcare shit always get chains 😂😂
Hmm just had a senior accoubt interview with 3 different people and they were just straight conversations to get to know my personality! They dont ask technical questions
You are so lucky. I have an interview next week. So I hope the interview is like yours.
@@karinaf8326 you will be fine ! When you go in the interview, start off by easing the mood by mentioning how the weather is lol your interviewer will start talking about that first! I actually got the job literally after my third interview with the CFO. The day of
I recently went to an interview for Sr. accountant, and was asked about why I left a company after only 5 months as an accountant. I answered honestly, I picked up most of my tasks by myself without training and was doing well, but the management didn't plan to give training on specifics of the industry and the company, and they tried to set up a new set of gl accounts while inactivating those old accounts without training to accountants nor guidelines and this caused delay and confusions and overall messy and stressful situation. But I got the vibe that the new employer didn't like my answer. What else can I say? thank you!
it was a bad answer even it was true. i once resigned from a job because i was overloaded after 4months. the reason i gave was " long commute " or " "family commitment" or anything that not suggesting that you had a bad relationship with the employer.
I Always use the rule: Tell to the interviewer what they want to hear ( but always based on your experiance and your best practices) so do not make any comments that mitgh lead to misinterpretations.. just focus on positive things!! good luck!!
That was the worst answer you could give. They expect you to lie here. I left because family problems.
I answered honestly as well to a the exact question but I left after 2 weeks. I replied that Whiskey was way more fun than bullshite. aahahahaha
I'm in a same dilemma right now on same and I don't know whether to leave my current job of 5months
Good morning, how can I get hold of the accounting interview guide? Thank you
Hmm, not bad for a 3rd yr accounting student. I got 4 of these correct, 1,2,4,5.
Next one you will get all correct, I believe in you :)
I had an interview with a CPA firm in Houston. This old-timer, graduated in 1974, got his CPA license around the same time, asked me a bunch of weird-assed scenarios that led me to conclude his clients were unethical and they should not be in business if any of the sh*t he asked me was going on. But this is Texas for you. Most small and medium business owners think rules do not apply to them.
Thankyou Sir, nicely presented and easy to understand
I am not even looking for a job but this is so interesting!
Never stop shopping around :)
what is the main purpose of defining the fixed costs
Please make vedio on reason for ap and ar in negative balance and how to fix it. Regards
Good video! in the Q4 I would ask the interviewer whether in the scenario you pay for the equipment at the moment or you have X margin of days to pay it, and then answer the question.
Sure
Or give the answer considering either scenarios.....
Good. Very creative
Thanks
Can you do one for accounting manager?
great video！how to answer what do you dislike your company?
Good question, I will address in a future video
I attended an interview for a FInance Analyst role and i was asked a questions. "If they were to invest in buying 10 trucks for haulage, what will be estimations and analysis that needs to be done for consideration and decision and how will you approach this? I answered but not satisfactory enough. How do i answer this question?
Good Morning !!! what will be the answer for the question - what is the cost of a vacant hotel room
Fantastic
Thanks for sharing! My questions always have been"answered" during the interview discussions, so I could not find questions to ask the hiring managers before the end of the conversation. Can I just say:" I have no any questions"? Also is it professional to say:" Thanks for having me!" or " Thanks for inviting me to the interview!"?
I will cover this in a video soon
Good question. :) I have the same doubt.
thank you so much
You're welcome!
Yesterday I attended one interview, they ask 1.A client dealing with heavy equipment company,how you value the fixed asset
2.Our client dealing with building materials ,at the end of the year how it affect in the inventory, can u please explain the answer sir
is the question about booking the fixed asset when purchasing, or the remeasuring for impairment?
Great sir
Thanks
Uau... really helpful.
you seems more knowledgable in accountings
I have given a work of data preparation to my team, how will I check whether the data is accurate ? This was my recent interview question
Hi, thanks for your useful information, really appreciate, can I make mock interview with you? if possible to practice before interview, I want to test myself Am I have good knowledge of accounting
Awesome
where is the copy please?
Thank u very much for dis. Am currently working in an accounting firm as a trainee, but I want to move forward to change my job. Pls I need Ur guardline be my mentor. Thanks
THANKS ALLOT SIR, I HAVE A QUESTION WHICH WAS ASKED BY AN INTERVIEWER AND THAT IS, ''WHAT IF WE DONT WANT DEPRECIATION, THEN WHAT WILL HAPPEN ?''
That would be going against financial reporting standards, which means non compliance, which may result in users of the financial statements e.g. banks, not putting relying on the financial statements if say the company needed a loan for example.
Where I can find senior accountant course online?
hi sir
why closing stock is not shown in Trail Balance..
Dealing with messed up unaudited accounts of years. Cannot supersede without auditing. Wanna quit the job! Please suggest..
Great content bro , I would like to ask , If a recruiter is looking for a Senior Accountant with extensive experience in a specific Accounting Software which I've never used , what's the best answer to give?
This happened to me. I told them that I am familiar with it from watching online tutorials and that I feel confident I can learn it quickly once I start
Smart idea
These are scenario based thought provoking questions that will let the recruiter know not about just the knowledge of candidate but also how they can apply it. Nice. And here we have these stupid ass questions, "your company bought an asset, pass the double entry" OR what is depreciation?
Thanks brother
I was asked how to post sale invoice and what happens with accounts when we issue sales invoice 😂😭
@@kattodoggo3868😄😄😄 the interviewer was a legend 👌🏽
İ have had questions explanation for Annual Accounts and what are the steps for Local Gaap to ISFR. Can you help me to get answer for that.
Im a financial professional trying to build my career in accountings, give me the way forward.
Accruals are always a problem for me. Is there any special tutorial for this? Thanks.
Go to Reddit for explanation
Appreciation
Thanks ;)
Hi. I'm studying accounting technician course...can you guide where to start the career and what are the career option.I have no work experience. Thanks
A good start can be looking for an accounts payable accountant role or a JR accountant role
Thanks for replying...can you make a video on how to land on first accounting job
Kindly sir provide the template to download we are not seeing download option
Bill I have an important question here can you advise?
It is helpful if you would have power point presentation
Good idea thanks
Nice video but now if anyone comes for an interview in your organization, I am sure same questions will not be asked by you :D