Accounting Interview Questions

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Accounting Interview Questions

by bobby on Fri Aug 15, 2008 7:47 pm Accounts Payable How many invoices have you handled on a monthly basis? What steps would you take before approving an invoice for payment? What items of information do you need before you can approve an invoice for payment? Tell us about your experience in accounts payable. Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy. Tell us about an invoice dispute that you were involved in and what your role was in resolving the dispute. Tell us about your experience in accounts payable. What is the difference between billable and non-billable expenses? Accounts Receivable To what extent were you involved in collections? Youve been asked to prepare a bill for services. What information should be included in the bill? Audit Tell us about your experience in conducting audits. Cashier What experience have you had as a cashier? Cost Accounting Tell us about your experience in cost accounting. Describe some of the methods used to allocate support costs. What is chargeback? What is the purpose of chargeback? Have you implemented or administered a chargeback system? Name some components of an effective chargeback system. What are fixed costs?

What are variable costs? What is marginal cost? Fixed Assets What experience have you had in fixed assets accounting? What are the various means of calculating depreciation? General Ledger What experience do you have with general ledger? Payroll Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee? What experience have you had in payroll? Supervisory How might quality problems manifest themselves in an accounting department? What cost-cutting measures have you implemented? Which accounting systems are you familiar with? Identify some important steps to take during the conversion of an accounting system. What percentage of discounts lost did you have in Accounts Payable? Did the percentage increase or decrease under your supervision? You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

What is the difference between Long term Loan and Debt? List out the difference between Cost Accounting and Financial Accounting? NIKKIE stock exchange belongs to which country? Briefly explain about Ledger Postings. What is dividend? Explain the types of Lease? What are options? What is Repo? DOW stock exchange belongs to which country? What is Liquidity Ratio? What is warrant? Which is the Biggest Stock Exchange in India? What are types of Depreciation? What is authorized capital? What is fundamental analysis?

by sri on Sun Jul 26, 2009 10:59 pm 1. What is the difference between Tangible Assets & Intangible Assets What the procedures or process involved in the preparation for the audit? 2. What are all the vital attributes present in an Audit Report? 3. Tell us about your experience in conducting audits? 4. How many methods to conduct an audit? 5. What are principles of audit? 6. What is meant by computer auditing? 7. What are the reasons for getting audited? 8. How can you link between materiality and audit report? 9. Explain different types of audit, its nature, advantages and disadvantages? 10. What do you mean tax audit? Which component is important for make this VAT audit? 11. What are the different types of internal audit? 12. What is the difference between an internal audit and the annual external audit? 13. What is Internal Audit? 14. What is meant by Single Audit process?

15. Where is Audit Data Stored?

What is audit? What is statutory audit? What do you mean by vouching? What should we do in case of a Partnership when the Partners capital account has debit balance? What do you mean tax audit? Which component is important for make this VAT audit? Good willHow goodwill is calculated? even if trial balance matches there could be a error, explain? What is the difference between Tangible Assets & Intangible Assets? Tell us about an invoice discrepancy that you discovered and how you resolved the discrepancy.? What are non-cash impairment charges? Can we claim Depreciation on second hand purchased Asset? If yes, whether it is fixed or floating? What is Managerial Audit ? What is the requirement of board meeting on the annual basis? What is Pool rate? What the procedures or process involved in the preparation for the audit? What is financial ratio? Who is a lame duck? What is meant by take over? What is swap? What is NYSE? What is the Use of Financial statements to a company? What is forward contract? What is meant by company deposits? What are different types of dividends? What are the types of Depreciation? What is pay Roll Savings Scheme? What is Hedging? What is Cash Flow Statements? You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions? What is COST Center?