7 Senior Accountant Interview Frequently Asked Questions

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Күн бұрын

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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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Пікірлер: 226

@TheFinancialController 20 күн бұрын

Level up your Accounting Career by enrolling in our 6-weeks program here controller-academy.com/courses/controller-academy

@paulacesana8439 2 жыл бұрын

I like how you give examples for the answers to the questions. So helpful! Thank you so much!

@TheFinancialController 2 жыл бұрын

Thanks Paula

@moazzamjadoon4436 5 ай бұрын

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.

@jennifersimon2934 2 ай бұрын

Love your videos. They’re super helpful and everything you say makes sense.

@TheFinancialController Ай бұрын

So glad!

@yanwang5788 2 жыл бұрын

This is the best accounting interview video, this guy is a master.

@TheFinancialController 2 жыл бұрын

Thanks Yan

@hl6615 2 жыл бұрын

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.

@TheFinancialController 2 жыл бұрын

Great! Thanks for watching

@basavarajkabadad7903 3 жыл бұрын

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

@TheFinancialController 3 жыл бұрын

Thank you 🙏

@cocoshuimu 3 жыл бұрын

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 :(

@monicajones9597 Жыл бұрын

@@anioti8188 you can slow or speed up any videos yourself

@monicajones9597 Жыл бұрын

@@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

@monicajones9597 Жыл бұрын

@@anioti8188 and it's none*

@anioti8188 Жыл бұрын

@@monicajones9597 🤣🤣🤣🤣🤣

@RachidRachid-df6hw 3 жыл бұрын

Very helpful information presented on a simple way , thanks Hana

@TheFinancialController 3 жыл бұрын

Thanks 🙏

@yinyinhtay1768 Жыл бұрын

Thank you so much ,this video was so much helpful. 🙏

@hirakhan92 3 жыл бұрын

A very informational video, thank you and happy new year!!!!!!!!

@TheFinancialController 3 жыл бұрын

Happy new year hira

@user-vm1xu8wg6l Жыл бұрын

Very helpful!! Thanks!!

@JoeJames1122 Жыл бұрын

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.

@adnanwaqarsyed5794 Жыл бұрын

Your videos are really informative and helpful.

@joyk2860 2 жыл бұрын

It would be wonderful if you can make a video for Accounting Manager or Assistant controller :) thank you so much kind sir.

@mohdaz3590 2 жыл бұрын

I know all answers , feeling confident about my concepts

@amann6240 2 жыл бұрын

I wish I can work for you. The way you explain so much to learn from you.

@anvershahas8161 2 ай бұрын

for the first question, with reference to the modern ERP framework, my answer would be 1 ledger and 3 subledgers.

@annieo.9887 3 жыл бұрын

Just great. Thank you again

@TheFinancialController 3 жыл бұрын

Thanks Annie!

@claudiamendieta4937 Жыл бұрын

Thank you, thank you thank you 🌸

@AngelRse23 Жыл бұрын

WOW, these questions are already for senior position but those question are used in my interview for bookeeper position.

@zemuogele83 Жыл бұрын

I am surprised as well, I too had these questions for my very first bookkeeping job lol

@kirstinfields4536 2 жыл бұрын

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.

@TheFinancialController 2 жыл бұрын

Wow great to hear Kirstin!

@yousufelsaiedelgouhary838 Жыл бұрын

Thank you very much.

@anooopmurali 3 жыл бұрын

Great content and nice presentation 🎉 as usual 🔥

@TheFinancialController 3 жыл бұрын

Appreciate it Anoop

@bluesun2001 Жыл бұрын

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 👍👌

@TheFinancialController Жыл бұрын

haha thanks!

@stephenadeya8662 3 жыл бұрын

Very informative. Much blessings 2021.

@TheFinancialController 3 жыл бұрын

Same to you Stephen

@ammie8937 3 жыл бұрын

More such videos are helpful 🥰 appreciated!

@TheFinancialController 3 жыл бұрын

Hi thank you

@DreamFirms 3 жыл бұрын

Another helpful video from your channel!

@TheFinancialController 3 жыл бұрын

Thank you!

@mohammadkamran9727 Жыл бұрын

Dear Bro. Thank you very much for this useful video.

@ahmedismail717 3 жыл бұрын

I really thanking you for your efforts 💐

@TheFinancialController 3 жыл бұрын

Thanks ahmed

@abdulmujeeb128 Жыл бұрын

This helped me lot.. Thanks

@Cassoma54 Жыл бұрын

muito bom!!! ...

@veecouture8202 2 жыл бұрын

This was very helpful

@jayan584 8 ай бұрын

Fantastic.

@maimisa 2 жыл бұрын

Great Video...

@charlesalexander7103 2 жыл бұрын

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.

@mi-re-la 2 жыл бұрын

…4employment to Nasa or Finance Projects for escaping from Earth?! :)

@CK-ob4sm 2 жыл бұрын

very helpful guidance indeed. thank you sir

@atiqnh 2 жыл бұрын

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.

@TheFinancialController 2 жыл бұрын

Best of luck

@zubaircn 2 жыл бұрын

Very informative

@ayoubfarhat9444 3 жыл бұрын

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!!

@TheFinancialController 3 жыл бұрын

Thanks Ayoub. Soon just hard to commit to a timeline right now :)

@user-rn7qp6cr7u Жыл бұрын

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.

@gheffreyirinco827 Жыл бұрын

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.

@sweta442 Жыл бұрын

Super.. Nice Explain..

@mohmmadyusran3556 2 жыл бұрын

Very helpful

@ashwinkumaryrmanu9694 2 жыл бұрын

Very nice video sir I learnt how to answer

@Shahid-952 4 ай бұрын

Most of your video is rewatching videos due to impact of improving learning process. Thanks for the videos and love from dubai❤

@TheFinancialController 4 ай бұрын

It's my pleasure

@ubaidubaidulla6029 2 жыл бұрын

Nice video very informative

@erikasharron1664 2 жыл бұрын

This video was great! I couldn't download the template.

@catchytunes4000 2 жыл бұрын

Fantastic

@streetguru6240 Жыл бұрын

Awesome

@marvelouss719 Жыл бұрын

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.

@Ruinoz 3 жыл бұрын

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 ?

@TheFinancialController 3 жыл бұрын

Hey yeah sure. Contact your Expensify Customer service rep to guide you through it. It’s super helpful to have

@Perfectsound88 2 жыл бұрын

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.

@Ayshaajmal Жыл бұрын

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.

@md.ripanpatwary7961 3 жыл бұрын

Informative session.

@TheFinancialController 3 жыл бұрын

Thanks ripan

@alangerardohurta 8 ай бұрын

Hi Bill, and what happens if they ask for a Derecognition of property, plant and equipment?

@samhuber6826 3 жыл бұрын

I am not even looking for a job but this is so interesting!

@TheFinancialController 3 жыл бұрын

Never stop shopping around :)

@ZeeshanKhan-nk5dq 3 жыл бұрын

Excellent vedio with amzing knowledge

@TheFinancialController 3 жыл бұрын

Thanks Zeeshan!

@emelsonscontreiras1962 2 жыл бұрын

Uau... really helpful.

@dhwaniskuppitorn3405 2 жыл бұрын

Thankyou Sir, nicely presented and easy to understand

@alejandroj5249 3 жыл бұрын

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.

@camauhel-joe7539 3 жыл бұрын

Sure Or give the answer considering either scenarios.....

@KapilSharma-pi6qm 7 ай бұрын

Please make vedio on reason for ap and ar in negative balance and how to fix it. Regards

@mohamedsuhail7655 3 жыл бұрын

Great sir

@TheFinancialController 3 жыл бұрын

Thanks

@dayasingh1175 Ай бұрын

Cool way of answering. Good job

@karienamia4273 2 жыл бұрын

Good morning, how can I get hold of the accounting interview guide? Thank you

@user-ef9bh8en5w Жыл бұрын

thank you so much

@TheFinancialController Жыл бұрын

You're welcome!

@Theasterstar Жыл бұрын

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 .

@TheFinancialController Жыл бұрын

I approve this message;)

@mahmoudalshami1557 Жыл бұрын

Smart idea

@Sers1907 3 жыл бұрын

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.

@TheFinancialController 3 жыл бұрын

Thanks sers. Iasplus.com and ifrs.org are my go-to sites

@arsalanhaider1733 3 жыл бұрын

Appreciation

@TheFinancialController 3 жыл бұрын

Thanks ;)

@kirstiegreen6557 2 жыл бұрын

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?

@TheFinancialController 2 жыл бұрын

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!

@ghanaianqueen7891 3 жыл бұрын

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

@karinaf8326 3 жыл бұрын

You are so lucky. I have an interview next week. So I hope the interview is like yours.

@ghanaianqueen7891 3 жыл бұрын

@@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

@xsh_5599 Жыл бұрын

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.

@bobbyknight3589 Жыл бұрын

So basically it like healthcare shit always get chains 😂😂

@muhammadhanif156 3 жыл бұрын

Good. Very creative

@TheFinancialController 3 жыл бұрын

Thanks

@cherisesmith9958 2 жыл бұрын

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.

@TheFinancialController 2 жыл бұрын

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

@Samir-oe7zf 2 жыл бұрын

Can you do one for accounting manager?

@omollokevine6811 2 жыл бұрын

you seems more knowledgable in accountings

@NEVBB24 2 жыл бұрын

Very helpful!

@eseanthony9915 10 ай бұрын

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?

@Melkomy5585 5 ай бұрын

what is the main purpose of defining the fixed costs

@404TRUCKERTV 3 жыл бұрын

Hmm, not bad for a 3rd yr accounting student. I got 4 of these correct, 1,2,4,5.

@TheFinancialController 3 жыл бұрын

Next one you will get all correct, I believe in you :)

@jalaluddin1175 2 жыл бұрын

Good Morning !!! what will be the answer for the question - what is the cost of a vacant hotel room

@sijo591 3 жыл бұрын

Impressive

@TheFinancialController 3 жыл бұрын

Thanks!

@Dhu_alQarnayn 2 жыл бұрын

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?

@TheFinancialController 2 жыл бұрын

Thanks brother

@kattodoggo3868 Жыл бұрын

I was asked how to post sale invoice and what happens with accounts when we issue sales invoice 😂😭

@Dhu_alQarnayn Жыл бұрын

@@kattodoggo3868😄😄😄 the interviewer was a legend 👌🏽

@sarahbose8003 2 жыл бұрын

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

@NatureAndBee 2 жыл бұрын

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!"?

@TheFinancialController 2 жыл бұрын

I will cover this in a video soon

@paulacesana8439 2 жыл бұрын

Good question. :) I have the same doubt.

@jessiesi1412 3 жыл бұрын

great video！how to answer what do you dislike your company?

@TheFinancialController 3 жыл бұрын

Good question, I will address in a future video

@DungNguyen-jm2im Жыл бұрын

Hay quá

@joyceliu3508 2 жыл бұрын

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!

@suzy5166 Жыл бұрын

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.

@reng7777 Жыл бұрын

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!!

@kattodoggo3868 Жыл бұрын

That was the worst answer you could give. They expect you to lie here. I left because family problems.

@alexcolombu1025 Жыл бұрын

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

@getrudeboakyeagyemang9930 10 ай бұрын

I'm in a same dilemma right now on same and I don't know whether to leave my current job of 5months

@loganyang619 2 ай бұрын

where is the copy please?

@nial7130 2 жыл бұрын

Dealing with messed up unaudited accounts of years. Cannot supersede without auditing. Wanna quit the job! Please suggest..

@mahmoudalshami1557 Жыл бұрын

Where I can find senior accountant course online?

@vrushaliraut3532 Жыл бұрын

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

@omollokevine6811 2 жыл бұрын

Im a financial professional trying to build my career in accountings, give me the way forward.

@hanzennensworld9761 2 жыл бұрын

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

@p.r.7776 2 жыл бұрын

is the question about booking the fixed asset when purchasing, or the remeasuring for impairment?

@syedimran1440 Жыл бұрын

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

@denisa.4341 Жыл бұрын

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.

@arslantahir1708 3 жыл бұрын

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

@babubr5829 Жыл бұрын

hi sir why closing stock is not shown in Trail Balance..

@kumarp33701 Жыл бұрын

#So nice sir....🧡🤍💚

@mahmoudalshami1557 Жыл бұрын

Bill I have an important question here can you advise?

@narisettypraveen972 3 жыл бұрын

Can you create video on P2P Accounts Payables interview questions

@TheFinancialController 3 жыл бұрын

Ok will do

@narisettypraveen972 3 жыл бұрын

Thank you much sir..👍🙏

@syawarabbas 2 жыл бұрын

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 ?''

@ntuthukondlela8224 Жыл бұрын

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.