As we know, in the modern era, finance and marketing have a broad area in terms of growth and earning money. Today, we talk about finance, where we consider an accountant's job to be one of the high-ranking jobs. An accountant's interview is not like a general or common interview like other interviews. In this, the recruiter checks the ability of the candidate, how well they are suited for this job and how well they are good at finance. In the interview, the HR examines how you are good with numbers or in numerical terms; on the other hand, they also want to know how much you are aware of the company laws and corporate accounting. Not much, but a little bit, you should know about it.
Many freshers do not know too much about the interview, and they face problems because they obviously do not know what questions arise in their interview. What will happen if you know what question will be asked of you in an interview? So, this blog may guide you for an interview.
In this article, you will know about what questions will be asked and in what type you can answer these questions. Some tips are also given on how to face the interview. and also tells what motive the interviewer asks this type of question, what they actually want know. In the end, this will help you in your future interview.
Top Questions That An Interviewer Asks in an Accountant Interview
Here are some questions that mainly HR ask in an interview. This may help you to face the interview question.
Why did you choose Accounting as your career?
This question shows your sincerity and motivation regarding accounting, which is what motivates and attracts you to become an accountant. At that time, show your relevant skills and passion. and also discuss your short-term and long-term future goals.
Sample Answers: As I am always interested in numbers, I am also good at numerical skills. And I consider an accountant to be the highest-paying job in India. An accountant is the most important part of any company or organisation because they manage the company's inflow and outflow of cash. And my future goal is to be the most valuable accountant by improving my skills.
Do you happen to know about the accounting software, and what accounting software are you familiar with?
The interviewer asks to test your basic accounting knowledge. mainly ask to know that you are aware of the different accounting software in the market. Always remember to show your interest in learning different programs. and they also know about which software in accounting you are good at and proficient in.
Sample Answers: Yes, I knew about the accounting software such as Teely, FreshBooks, Microsoft Excel,microsoftexcel and Zoho Books, etc. I previously worked on a different software program during my internship period. The software I use most is Teely, FreshBooks, Microsoft Excel,microsoftexcel and Zoho Books. Telly ERP9.I am not considering which is best, but I like to work on QuickBooks because its interface is simple.
Can you tell me what the different types of accounting are?
It tests your deep knowledge of different types of accounting. In answer to this question, you tell the names of the types of accounting and also explain them in two to three lines, which shows your proficiency in how serious you are about your work and how much you know about your field.
Sample Answers: i learn about the 5 types of accounting.
- Financial accounting - this is the systematic process of summarising and reporting financial statements like the balance sheet, income statement and cash flow. It is important for both the private and public sectors.
- Administrative accounting - this branch mainly focuses on the administrative aspects of the company. evaluating, achieving objectives and improving strategy. It helps in planning and forecasting.
- Tax accounting - this accounting helps in registering or preparing reports related to tax payments and tax returns to the public treasury.
- Cost accounting - this accounting helps in detailing any analysis of the cost of production, sales and how much cost comes in the process of production.
- Management accounting is broader than cost accounting, as it mentions all economic and financial information, which helps in short and long-term decision-making.
How do you prepare a balance sheet?
This is an entry-level question; it's generally for freshers. By this, the recruiter analyses how much you have basic accounting knowledge, and you prepare a balance sheet in the absence of accounting software.
Sample Answers: At the end of the financial year in March, all journals are closed. These journals are posted on corresponding ledger accounts, and accounts are tallied to prepare the final balance sheet of assets and liabilities of the company.
Can you tell me how accounting and auditing are different?
This question is asked to analyse your accounting knowledge, while answering defines the meaning of each and shows little differences in corresponding them, and tries to explain them in a simple and short manner.
Sample Answers: On one end, accounting manages and records all the daily financial transactions of the company; on the other end, auditing refers to reviewing these accounting transactions and correcting them. Accounting is an ongoing process, whereas auditing is periodic and checks financial records.
What is GST?
It checks how much you are familiar with recent taxation policies and recent developments made by the government. It shows your activity on recent affairs. explain it in two lines, but in an effective manner and also try to add some additional information.
Sample Answers: GST stands for goods and services tax. It is an indirect tax levied on the supply of goods and services across India. It operates on a one-nation, one-tax principle. It helps to reduce the overall tax burden on consumers by preventing tax-on-tax.
How do you deal with financial errors and mismatches?
By this question, HR know about your emotional intelligence, how you react when you find a mistake and how smoothly you tackle it with confidence. And you are accountable or not for the errors. Along with responsibility, accountability always takes place, like two sides of a coin.
Sample Answers: Firstly, I handle it on my end, I review all the balance sheets and match the errors. I am analysing records to check out the cause. I will check all transactions and company records. If I need, I can take help from my team members and my senior. I communicate with the respective department to resolve it.
Do you have any questions?
In an interview, it is a two-way communication. The interviewer also wants you to ask some questions regarding the subject, which shows your interest towards the job and also shows your confidence in how you took your approach and questioning. It helps to impress the interviewer. Because in this interview, the interviewer sees your way of talking, so always be polite.
Sample Answers: Thank you, sir, for giving me your precise time. Can I talk about the salary package? Can you briefly explain my role and work? Can you explain to me more about your company's policies?
If you are confused about something, please ask in the interview.
Final thought
In an interview, always keep in mind to show politeness with the interviewer and give answers with confidence by analysing the STAR process. Firstly, clearly understand the question before answering it. Showing your relevant skills and academic qualifications will help you further in your interview.
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