Common and Specific Job Interview Questions and Answers Tips for Accounting and Auditing career

This is the common and specific Job interview questions and answers tips for Accounting and Auditing career. You may use this sample as the guidelines when you want to have a job interview. The first part of the interview questions below is the common interview questions, the second part will be the specific interview questions and the last part will be the descriptions of the job that you might use to answer the specific interview questions. good luck
1. Common Interview questions ( The questions always asked in the job interview)

Why did you apply for this position?
Tip: How do you think that you might fit into this company

Would you tell us what attracts you to a career with us? How do you see your studies, skills, experience and personal qualities contributing to the work of the organisation? Tip: How do you think that you might fit into this company

Describe a time when you had to deal with conflicting demands. How did you deal with this situation and what was the outcome?
Tip: -

Can you describe a time where you have been required to perform as part of a team? What was the situation? What part did you play in the team and what was the outcome of the exercise?
Tip: -

How do you establish a working relationship with new people?
Tip: Team skills

Where do you expect to be in 5 years time? What will you do if you are not successful in gaining this position?
Tip: Demonstrate to the interviewer that you have thought about what it is you want from work and what you hope to achieve. Let them know you are flexible however, and willing to explore new opportunities.

What particular skills and qualities do you bring to the workforce? What other skills would you like to develop in the future?
Tip: Strengths and weaknesses

Tell me about a challenging situation you have faced. What was the situation and how did you cope with it?
Tip: -

Is there an achievement of which you are particularly proud? What is it? Why is it significant?
Tip: -

2. Specific interview Questions ( Interview Questions related to the job)

* What do you know about accounting and auditing?
* What is the main duty of this job? Explain in details?
* What do you feel is the potential for accounting and auditing in U.S?
* What computer programs are you familiar with, specifically related to Accounting and Auditing?
* Do you have the experience in Accounting and Auditing? If so Can you describe previous experience you have had in Accounting and Auditing Job?

3. Jobs and Career description ( You may use the job description below to answer the specific questions)

* Public Accountants: People involved in this area work for a wide range of clients including businesses, governmental organizations, nonprofit organizations, or personal clients. They usually get certification as a Certified Public Accountant (CPA) and work either independently or as a member of an accounting firm. They provide an equally wide range of services, including consulting on taxes, accounting, and auditing. Some might help businesses maximize profits by advising them on taxation, for example suggesting tax deductible expenditures or providing advice to help managements make better decisions. Others might help companies in evaluating employee benefits, insurance, compensation, developing programs for accounting or processing data, or safeguarding assets. Others might audit financial information and prepare statements for investors or officials to show that their financial activities have been properly conducted and reported.

Forensic accounting is a branch of public accounting that deals with criminal activities like fraud, embezzlement, legal disputes, money laundering, or bankruptcies. Analyzing and investigating these crimes requires awareness of finance and accounting along with knowledge of the law and investigation skills. Forensic accountants often work with law enforcement officers and attorneys and serve as expert witnesses in courts of law. A number of public scandals involving accounting have led to new federal legislation. This legislation states that the firm that provides auditing services for a company cannot also provide consultation in other areas like investments, law, human resources, or technology. They can, however, still provide services in taxation, provide those services for other clients, and provide consultation to members of their own firm.
* Management Accountants: These accountants provide services in reporting and analyzing financial data for their corporation. They are alternately termed private, corporate, industrial, or cost accountants. They generally work as a specialist in an executive team that makes major decisions about expanding production or strategic planning. They can also be involved in budgeting, maximizing expenditures and production, and evaluating performance of personnel and equipment. They also draft reports for outside interests like stockholders, banks, and authorities. Often they work in accounting departments, where they might be involved in strategic planning, budgeting, accounting for expenditures, or analysis.
* Government Accountants/Auditors: They work for government agencies at the federal, state, or local level, or for corporations or individuals who are regulated by the government or txed. Those who work directly for the government ensure that income and spending are appropriate and legal. Those who work for the federal government often work for the IRS (Internal Revenue Service) or provide other services like investigation of financial institutions, analyzing budgets, administration, or management of finances.
* Internal Auditors: These work for businesses or organizations, and are becoming more and more important. They check their corporation’s records to ensure that they are correct and look for problems such as inefficiency or criminal activities. They look at financial situations, information systems, management, and internal controls to make sure that everything is in order. They also look their corporation’s processes to assess efficiency, legality, appropriateness, and efficacy. Internal auditors can specialize in many different areas like environment, engineering, insurance, healthcare, law, technology, or data-processing. As more information is made available more quickly, auditors can use computers to make better and more timely decisions. They may even offer advice about the most efficient and reliable use of computers.