How to Prepare for Accounting Interviews
Preparing for accounting interviews can be stressful. You want to make the best impression possible and show why you’re the best candidate for the position. Accounting interviews are unique as you will be asked about accounting technical knowledge and be judged on your interpersonal skills to work with a team. Here are some sample questions and answers to practice with to help prepare for your accounting interviews.
Do You Have Knowledge of Accounting Standards?
Your answer should have two parts. First, answer with the specific accounting standards you have knowledge of, such as Generally Accepted Accounting Principles (GAAP) or Sarbanes-Oxley, IFRS, etc… Second, explain how deep your knowledge is, how it applies to the position and how you stay current with changes in International Accounting Standards (IAS). Although you won’t be expected to know all IAS, you should be experienced in applying the standards that are pertinent to the position you want. The better you can outline your technical knowledge and how you have used it, with examples, the better you will perform in this part of an accounting interview.
Which Accounting Software Are You Familiar With?
Before your interview, do your best to find out what type of accounting software the company uses. If you’ve used the software before, you may discuss your knowledge of the application. If you’re not experienced with the software, you have time to learn more about it and respond knowledgeably. Either way, ensure you discuss the programs you’re familiar with and show you’re open to quickly learning a new application.
What Is the Most Challenging Accounting Task You Have Solved?
Your answer should show your level of experience and how you go about solving problems. Be methodical and descriptive when describing the problem and what steps you took to solve it. Show how you may use a similar system to solve other accounting issues.
Tell Me About a Time When You Helped Reduce Costs
As an accountant, your overall goal is reducing costs for the organization. This is especially important if you’re interviewing for a cost accountant role, where you’d be analyzing, tracking and reducing the company’s costs while increasing its savings. Your answer to this question shows whether you go beyond your stated job duties to find solutions that benefit the company in greater ways.
How Do You Minimize the Risk for Errors in Your Work?
Because you’re held to a high standard and have a tiny margin for error, you must have a clear, concise plan for minimizing your risk for errors. Even the smallest mistake may result in large financial problems for the company. Discuss a time when you caught an error before submitting your work. Emphasize the importance of reviewing your work and implementing checks and balances with a team to produce accurate results. For example, you may use both paper and a computer to double check your work.
Use these sample questions to help prepare for your accounting job interview. For assistance securing your next position, reach out to www.InnovoStaffing.com