general accounting questions and answers

However, this is a challenge that any true accountant understands is a part of the job.'ĥ. It seems that as soon as we become familiar with one set of codes, new ones are implemented. I would also have to say that the ever-changing tax codes have always been and will continue to be a major challenge for those in the accounting field. I have extensive experience in helping software developers customize various accounting programs to ensure the integration is seamless and results in minimal to zero downtime. As new advancements take place, it can sometimes be difficult to integrate new accounting functions with other operational processes. It can be helpful to read recent news articles or industry publications on this topic to form an opinion.Įxample: 'While technology definitely enhances our ability to automate various tasks, the never-ending advancements can be challenging. There is no right or wrong answer, but it is important to provide a reasonable explanation for your answer. The interviewer wants to assess your knowledge of the accounting industry, including the challenges that accountants face. What is the top challenge facing those in the accounting field?

I found I was able to focus more of my attention on other core accounting tasks once we started using FreshBooks.'Ģ. Its user-friendly interface and ability to create customizable invoices, automate payment reminders and apply automatic late fees to past due invoices made my job so much easier. An excellent way to prepare yourself for this question is to study recent developments related to the programs you have worked with.Įxample: 'With my last employer, we ran into issues with FreeAgent, so we made the switch to FreshBooks. You may also be asked to explain which program you think is best and why. An accounting friend recently recommended Gusto, so I am currently finishing an online training program for it.' I have also worked with Zoho Books, NetSuite ERP and FreeAgent in other roles. Include programs you have used most recently or those with which you have the most experience.Įxample: 'I have more than five years of experience working with FreshBooks and over two years with a custom accounting software program, both of which my last employer used. Instead of choosing only the software you are most familiar with, select a few to discuss. The interviewer may ask this question to see if you have experience with their accounting programs or if you can learn new programs quickly. What types of accounting software programs are you familiar with?

General accounting questions and answers