Hi there, my name is Richard McMunn from the interview training company, PassMyInterview.com,
and in this tutorial, I'm going to give you my top 20 Accountant Interview Questions and
Answers.
So, it does not matter which organization you are applying to join as an accountant,
please make sure you watch this tutorial from beginning to end, because I'm going to give
you some top scoring answers to make sure you get the accounting job you deserve!
Now, before I get into those, a very warm welcome to this tutorial.
As I say, my name is Richard McMunn.
That's me there in the center.
I've been helping people to pass their interviews for about 20 years now.
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(Thank you).
Thank you very much.
OK.
Let's get straight into those 20 accountant interview questions and answers.
Here we go.
Question number one.
Why do you want to be an accountant?
Here is my suggested answer.
“I want to be an accountant because it’s a job that comes with a high level of responsibility
and accountability.
If you don’t perform your role as an accountant to the expected standards, the consequences
can be far reaching.
The natural skills and qualities I possess, and my desire to work under pressure to high
standards, means the role of an accountant is one that I will excel in on a consistent
and reliable basis.
I am an inquisitive person who has patience and exceptional attention to detail skills,
all of which go to make me the perfect candidate to be an accountant with your company.”
So I recommend you learn that answer for your response to the interview question - Why you
want to be an accountant?
Let's take a look at the second question of my top 20 accountant interview questions.
Why do you want to work for our company as an accountant?
This is pretty much guaranteed question during your accountant interview, and here is my
suggested answer.
“I want to work for your company for three specific reasons.
The first reason is, you are clearly an accounting firm who sets high standards and the online
reviews you receive from your clients demonstrates your desire to provide a great level of service
based on their individual financial needs.
The second reason is, you are a company who has a strong reputation within the industry
and I would feel proud to be an accountant with your firm.
Finally, having carried out lots of research before applying for this accountancy job,
I feel you will support me in my role and encourage me to continually develop and improve,
which is really important to me as a professional accountant.”
What I like about that answer is you are focusing on three main reasons why you want to work
for their company.
I can pretty much guarantee that all of the other competitors at the accountant interview
will give just one reason.
You are giving three great reasons why you have chosen their company.
Question number three of your accountant interview.
What experience do you have that would be applicable to this accountant role?
So this is my sample answer.
“The experience and competencies I have gained so far can be allocated to three main
areas.
Firstly, I have experience of working with a variety of different clients, both small
and large.
Whilst working will all types of clients I always provide a consistent level of service
and go out of my way to get the job done on time and to an accurate standard.
Secondly, I have experience of working under pressure to tight deadlines whilst managing
multiple accounts and clients.
Thirdly, I have experience of working collaboratively with other accountancy team members and bookkeepers
to ensure accounts are completed and submitted on time.
I believe the experience I have gained so far will enable me to perform highly within
this role and I will always act as a positive role model in my capacity as an accountant
for your company.”
That’s a great answer!
And you are talking about the experience of the competencies you have that will be a match
for the role, and that's important.
Next question - How do you handle pressure?
Now, you and I know that, as an accountant, you have to work under pressure.
There are difficult clients to work with at times, but more importantly, there are tight
timescales that you have to adhere to and get the accounts completed.
And especially during the end of year, when the accounts have to be submitted, there is
a lot of work to do and you will be under pressure.
So how do you handle pressure as an accountant?
Here is my suggested answer.
“To be truthful, I feel I work better when I am under pressure and I enjoy the challenge
of getting my accountancy work completed on time and to the right standard.
I handle pressure by first of all drawing up a list of tasks that need to be completed
and by which timescale.
I will then work the necessary hours to make sure the job is completed on time.
More often than not, I will work from home in the evenings to get my work completed as
I don’t like to fall behind.
As I say, working under pressure is something I do well and feel I thrive when I have to
get more tasks completed within a set period of time.”
So this demonstrates that you do the important thing whilst working under pressure, which
is drawing up a list of which tasks need to be done and by which time scale.
And then you put in the necessary hours to get them done!
That's the important thing that demonstrates you are a ‘completer finisher’, somebody
who can handle the pressure and get the job done.
Next question of our 20 accountant interview questions.
What do you expect to be doing on a day-to-day basis as an accountant?
So this is assessing whether you understand the role that you are applying for, and also
the key responsibilities of an accountant.
So here we go.
“The main duties I expect to be carrying out as an accountant include, providing financial
account management information to clients as and when required; preparing asset, liability
and capital account entries by analyzing account information; recommending financial actions
after careful analysis of accounts, and also preparing balance sheets, profit and loss
statements and also management accounts on a periodic basis.
I will also be required to guide accounting staff to assist the company is ensuring accounts
are prepared on time; liaise with clients and provide advice and information based on
their financial accounts; maintain financial security by following organizational procedures
and protocol; and also maintaining client confidence whilst adhering to rules, regulations
and the law surrounding GDPR.
Finally, in addition to reconciling financial discrepancies after careful analysis of client’s
account information, I will be required to keep my own knowledge and professional development
up-to-date based on developments from within the financial sector and industry.”
So that is an in-depth answer, but that's important because there are many and very
different tasks that you will have to carry out as an accountant.
So you need to be able to rattle them off and tell the interview or the hiring manager
exactly what you expect to be doing on a day-to day-basis.
So 15 more accountant interview questions.
The first ones we've covered, just to recap, what you expect to be doing on a day to day
basis as an accountant?
Why do you want to be an accountant?
How do you handle pressure?
What experience do you have that would be applicable to this role?
And why do you want to work for our company as an accountant?
Question number six, when have you worked with others to complete a difficult task?
Question 7: What are your strengths?
Number 8: What's your biggest weakness?
Number 9: Where do you see yourself in five years’ time?
Make sure you pause the video and write down these questions.
Number 10: What are the different types of business transactions in accounting?
11: Which accounting platforms have you worked on?
Question 12: Give an example of when you've worked with a difficult client?
(Which you will have to do as an accountant.)
You have to be professional and be patient at all times.
Question 13: What are the different types of financial statements?
Number 14: What is working capital?
What's the difference between deferred revenue and accounts receivable?
And what accounting software applications do you have experience in?
I would, prior to the interview, have a look which applications they use and make sure
you are competent in their use.
Number 17: How do you maintain accounting accuracy?
Number 18: What is the difference between a trial balance and a balance sheet?
Question 19: What is the difference between inactive and dormant accounts?
And question 20: What is a deferred tax liability?
My advice is to also make sure that you have a couple of questions that you want to ask
the interview panel when you get to the end of the interview, and the questions might
be that you could ask the interview panel would be: What are the plans for your company
over the next few years?
Because that demonstrates you plan to stay with them for a long time.
So just to repeat that, your question might be, what are the plans for your organization
over the next three to five years?
Another question might be: If I'm successful in the role, what do you want me to concentrate
on as an accountant within the first few weeks of starting?
You could also ask a question if you wanted to, which goes along the lines of…
What have previous accountants done that has frustrated you?
You know, what do you want me to concentrate on?
What difference could I make to your company?
Now, those are really good questions to ask at the end of your accountant interview.
So, if you'd like to download my Accounting Interview Questions and Answers Guide, please
click the link below the video or go to my PassMyInterview.
om.
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watching this tutorial and I wish you all the best in your pursuit to passing your accounting
interview.
Have a brilliant day!