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Questions that recruiters might ask to candidates applying for an entry-level jobs in the field of accounting, are, mostly, questions that aim to evaluate the candidate's knowledge and understanding of accounting fundamentals.
Some recruiters also ask questions to see if the candidate they're interviewing is under or over qualified.
But the most important questions, accountants need to prepare themselves for, are those that test your skills in identifying mistakes and omissions.
So, candidates should expect to be asked about the difference between accounts receivable (AR) and accounts payable (AP), the types of special journals accountants use and the methods accountants utilize to estimate bad debt.
They are many, and vary, However, I always ask about the internal controls for cash, assets, fixed asset, purchase cycle, some accounting entries, for sales and purchasing, method of recording the inventory...etc
Recruiters would usually ask fresh accountants/auditors about the latter's knowledge about the company applied for in terms of its operation/company objective/relevant policies/products and services. Also, they would want to know the expectation of the applicant. Lastly, the recruiter would ask about what edge does the accountants/auditors' posses as compared to other applicants.
they normally ask about
Internal controls i.e. Cash, Fixed Asset, Current Assets, Purchasing.
They can ask a simple question first - what are the basic three rules of account.
If I was to take interview, I would rather emphasize on one's Interest and ability to work. You know, these days, we have error free programs that work for us. And there is a specific department that recruit sound candidates for the required job like HR dpt.It is necessary to evaluate one's knowledge of the field but interviewer should keep in mind that one can get expense, receivables, bank reconciliations formats in excel where adjustments can be done to get computed balances _________ But the for interview, we are not taking exam, the purpose of taking interview is to understand Ones behavior, knowledge obviously, interest and ability to perform work, knowing about ones rituals routine etc.
All questions will never be asked from the major. Be prepared accordingly !
1) Questions with respect to the latest updates will be asked
2) Technical Questions will be posed related to various subject matters
3)Case Studies will be given and will be asked to analyse on various scenarios
Basic Profiles, the recruiter would ask about what edge does the accountants/auditors' posses as compared to other applicants.
Evaluating knowledge about nature of company
Strength and Weakness
Grip on IAS & IFRS
Fixed Assets
Stock Valuation
Qualification
Experience and Job Description
Analytical Test
Economics related Questions
Measuring the Accounting Norms
Achievement
Elements of Financial Statements
What do you know about financial Statement?
mention Assets items.
What is the Accounting?
Why use the financial statement?
WHAT ARE THE ITEMS INCLUDED IN BALANCE SHEET & WHAT ARE THE ITEMS INCLUDED IN P&L?
