Accounting interview questions

[game]

Efficiency
What we you do when you receive receipt from vendor if payment is by check or e-payment?
A. File against Vendor invoice immediately
B. Put it into a box and file it into sequential order during spare time
C. Put into a box
D. Throw it away

What is the best time schedule for bank reconciliation?
A. Monthly as the bank will send us the bank statement monthly
B. Daily as we can have updated Accounts Receivable
C. Weekly as it takes time to run the bank statement
D. Daily as we can ensure our payment is processed and we can pass the message to other department
What is the function of flow charting/ time table?
A. To remind me to do something
B. To teach others how to do it
C. To do it fast
D. To save time in describing

Other non finance guy suggests a better way for me. I would

A. Put it into practice
B. Discuss with others. If every agree, the put it into practice
C. Memorize it and make the changes when the time is most appropriate
D. Find a the best way to reject the suggestion

Stable and willing to learn

If I have spare time, I would allocate as follows:
A. Spend 50% internet surfing, 50% playing game
B. Spend 50% internet surfing and 50% in talking
C. Spend 50% for personal thing and 50% for E-learning
D. Spend 50% for E-learning and 50% for the existing problem encountered

Do you like to be a trainee with three year training?
A. It is too long
B. I would like to unless I can feel comfortable with the program content
C. Depends on the pay
D. Depends on the future career path

Do you like to compulsory move on to other position ?
A. Acceptable if it is within finance department
B. Only short period if it is out of my profession
C. If I am not able to new task, I can be back to the original position
D. Reject

I like to do it into consistent way.
A. I feel comfortable when my subordinate is using the same method
B. When you do it repeatedly , you can do it fast
C. It is easy to teach other
D. Different people have different preferences and ability. We should respect different ways

Shall we move on to different companies when I was young?
A. Yes, I want to learn more
B. In case of the declining of particular industry, I can still get another job in other industries
C. No, I can think I can learn more only if I can stay in the same industry for over 5 years or more
D. Depend on whether I can have a promotion opportunity

Shall I prepare a handover list when I have long holidays?
A. No, I can teach her by mouth
B. No, she can learn herself
C. I am too busy as I have to finish many things before my holidays
D. I have never done before. It can be kept for future use

What will you do when you are taking in a long travelling journey?
A. Find a seat and sleep
B. Internet surfing
C. Think some unsolved problem
D. Listen music

Cooperative & positive

As a fresh graduate, do you mind going out to the bank to bank in or to delivery a check to your vendor?
A. No, I like going out
B. Depend on the pay
C. I can learn something. Maybe one day, I need to supervise this kind of accounting task
D. Yes, it should outsource to a courier company. It is much cheaper


My boss asked me to give him the bank reconciliation
A. You can find it in share folder
B. Print it out and give me the bank statement as well
C. Copy the path of share folder to him
D. I have done it

Factory manager never give us the correct overtime and material used for the last month so that our accrual of overtime cost and material costs are never accurate. What is your opinion?
A. It is unavoidable. That is what accounting should do to adjust each month
B. Company should provide training to me
C. Let complain to their department head and blame to the boss
D. Let have a meeting with him and find out some possible improvement

I have to do many manual work after implementation a new system. The accounting and operation system is not well designed. What do you feel?

A. Manual work supports my position.
B. I hope a new system can come
C. I hope to change to the other position without much manual work
D. There much be some better way I don’t know

My working style is
A. I want to work it alone. I can manage all.
B. I need detailed instruction so that I can follow easily. As long as I follow with the instruction, no one can blame me
C. I need some support especially my weak area or something that I don’t have previous experience
D. A supervisor is great for me as I can learn more different opinion

Do you like working for US or Europe company? Your answer is
A. Yes, I like learning more English
B. Yes, I have less pressure for overtime
C. No, Difficult to understand their culture
D. Yes, the pay is higher



Flexibility & responsibility

The boss asked me to do HR , administration, logistics and procurement as well as accounting duties. I will
A. Ask to increase my salary
B. Reject as not able to do so much different functions
C. Keep silent and look for another job
D. Take up the opportunity and hope I can get better opportunity even I fail this time

One of the mangers has asked me to take 2000 dollars without supporting as he is urgent to get the cash for paying the taxi fee to the airport. Unfortunately, there is only 300 in the cash pool as I forgot to reimburse the cash. What will you do?
A. Said, No advance payment without formal approval
B. Take 2000 from my own pocket
C. Ask other to lend to him
D. Blame him. It is too much, I can only give you 300

I have to submit the monthly report to regional headquarter. Due to some delay by operation department. I only have five minutes to check before submitting. I will
A. Submit to meet deadline. Hope there won’t be any apparent mistake and error
B. Delay in submitting and blame the responsibility to operation
C. Ask regional headquarter to allow delayed submission
D. Submit and review immediately. If there is apparent mistake, submit the amended version
One of the reasons for long outstanding debt is wrong billing. Operation cannot improve due to its overload workload. What would be suggest?

A. Check the billing before sending out
B. Identify the person who makes recurring mistake
C. Work with IT to set up template to avoid the mistake
D. Simplify the billing to reduce the number of mistake

I am responsible for debt collection. But I am poor in English. I can handle local outstanding debts well but not the foreign debt. What do you suggest?

A. I want to change to Accounts payable team
B. I ask my boss to help
C. Leave it alone as my boss should know my problem
D. I must learn better English
Do you like working in different locations. Your answer is
A. Will you pay me the traffic congestion time?
B. I would to work in location near my home
C. I would like to work with people that I am familiar with
D. It doesn’t matter to me. But I expect some compensation or high rate per hour

Logical ability

What is the correct procedure for Accounts Payable?
A. Wait for someone to press for payment
B. Pay only with SOA for trade creditor
C. Pay when we have cash and Wait until we have cash
D. Ask trade creditor to provide SOA and the corresponding invoice at the same time
What is the correct procedure for Accounts payable?
A. Pay long outstanding invoices first
B. Pay small amount first
C. Pay those with penalty and overdue interest
D. Pay payroll first

What is the correct procedure for Accounts payable?
A. Pay only with contract
B. Pay only with receipt
C. Pay only with original invoice
D. Pay only with approval from boss/someone with authorization
What is the correct procedure for Accounts payable?
A. Chop when receiving vendor invoice
B. Chop paid after paying invoice
C. Checking calculation on invoice
D. Checking payment against receipt


Report generated from the system contains many unexplained error. I feel very difficult to check the error and the corresponding cause.

A. I will ask other people who has better system mind
B. I will check myself during my spare time as a leisure exercise
C. I will download the data out to Excel so that I can check very it fast
D. Refer the problem to system department and let them check it out
If I have 100 multiple choice questions to answer but the time limit is 25 minutes. It takes 2 minute to answer one question in general. My strategy
1. I must answer all the questions so that I can have high marks
2. I must skip the question that I have no idea to save the time
3. I must spend reasonable /more time on the questions that I can understand
4. I won’t get high marks due to limited time, just do it

If I have 100 multiple choice questions to answer, A to D but the time limit is 25 minutes. It takes 2 minute to answer one question in general. My strategy is to answer/or not to answer
A. Questions need calculator, Skip
B. Questions with two answers which is definitely wrong
C. when the questions and answers are both not clear to me
D. question with only narrative

your boss have requested to it five minutes fast for each day. Your answer is
A. impossible
B. I can save half of the time at once with some changes and support
C. I can do it in first few day but I can’t go on anymore then
D. If you can do it, I can do it
When there is huge exchange loss for a particular payment, the possible reasons are
A. Input error when entering the exchange rate
B. Change in exchange rate for the fast few month and late payment
C. Customer has unpaid
D. Allocation error


Memory
What is the birthday of your father?

What is the first question of your recent examination?

What is the first question of this test?

Practical Skill

Have you learn tax filing and social security at school? If you answer is yes, do you think it is good enough for your practical work or do not think you need a day training?

1. I think I can. I can refer to the past work to confirm my knowledge is complete and applicability
2. I have already had actual experience
3. A day training is good. If someone can guide me , it is the best. I don’t want to the mistake so that the company will pay extra costs
4. Tax filing is accounting job but social security should be with HR
What is the difference between Usoft and Gold Butterfly?
A. One is commonly used in North China. Another is commonly used in South China
B. One is more expensive than other
C. HK companies are using Usoft as HK companies have headquarter in China
D. Other, pls specify


Communication
Working in foreign company may mean higher pay. What is the most important thing for a foreign employer to consider a candidate?
A. English
B. Accounting knowledge
C. Depending on position
D. Only writing English is important for accounting job
If I can’t understand the assignment by boss and my boss hate stupid person and someone who do not pay attention to his assignment, I would
A. Ask the boss until I have fully understand
B. Think at home and try myself
C. Ask other friends for help
D. Pass the job to others. Hope other can better understand than me

Pressure

If all boss blames me every day with or without reason. I will
A. Blame him when I find him without reason
B. Quit
C. Make improvement first
D. I don’t care

Time Management

How can I finish on Time?
A. Ask other to do it early and pass to me early
B. Automate the process
C. Work overtime if necessary
D. Set up a timetable and amend the timetable if failure


How to avoid unallocated cash?
A. can’t be solved completely as it is in the hands of payer
B. follow AR closely can clear the unallocated cash
C. setting up payer’s bank account information when setting up profile
D. don’t have to solve, transfer to profit after two years

Accounting departments haven’t done bank reconciliation for half an year with 5000 outstanding items. What is the critical step to solve?

A. Allocate to different accounting staff by month
B. Find out whether we have entered the check number for each payment
C. Download the half month bank transaction from bank
D. Specially Assign one person to do the bank reconciliation alone or recruit one temporary staff to do the bank reconciliation