Common Interview Questions – Perth Accounting Job Resume Writers

Fantastic! You’ve got to the interview stage for that Perth Job. That’s a feat in itself! You’ve obviously worked with some of the best Perth resume writers to present yourself well on paper (that’s our Perth Resumes consultants, of course!). Now you need to present yourself well in the interview for that Perth Accounting Job. There’s no denying – it can be nerve-wracking.

These are our tips to help you prepare for that interview so that you can walk into that room knowing you’ve got the answers.

Here are some of the most commonly asked questions

1. Could you explain the difference between AR and AP?

OK. First, don’t get flustered. I’m sure you know already, but AR means “Accounts Receivable” and AP is “Accounts Payable”. Start off by explaining that AR are assets and AP are liabilities and take it from there.

This is one of the most likely questions in the interview room for accountants. It’s a bit of a trick – they don’t just want the answer. Give them examples of actual work experience with these tasks.

2. Which elements of a given ledger should be equal where a company uses double-entry accounting?

Can you bring something of yourself into the answer? Talk about your experience.

3. What is the minimum number of ledgers a company needs if they have three separate bank accounts from which they process payments?

Questions are an opportunity to show your skills and practical knowledge. This is a great way to explore your understanding of ledgers and widely accepted accounting principles.

4. Can you name two or three types of finance or accounting publications?

Beware the simple question. Think about the type of role you’re applying for and tailor your answer to that. They might present publication samples and get you to explain them. They’re looking for good communication skills here.

5. Explain the methods you’ve used when estimating bad debt.

Talk about your experience with other employers. If this is your first job, demonstrate your understanding of the theory – they want to see your ability with educated guesses.

6. Why is it more simple for a person to commit fraud with a journal entry than with a ledger?

This is about speculation. If you’ve had no direct experience, refer back to your training and provide examples you’ve come across in your studies.

7. Which ERP systems have you used?

ERP, of course, means “Enterprise Resource Planning”. If you’ve not used them yet, demonstrate that you understand their functionality and their pros and cons in certain business situations.

8. Tell us about your experience in business metrics development?

That terrifying word “experience” again. You know what to do, by now. Apply theoretical knowledge to real world situations.

9. How would you develop a spending or investment strategy if a private company with break-even operations receive a $10 million investment?

This is all about thinking through a scenario. They’re looking for a cultural fit, so spend some time to understand their approach to business ethics before the interview.

Some other questions you might be asked

• Explain the most challenging accounting task you’ve been asked to solve.

• Do you know the current corporate tax rate?

• How do you avoid mistakes at work?

• Explain the relationship between the income statement and balance sheet.

• How would you juggle a tight deadline with a complex financial project?

• Which software for accounting have you used?

So, there you go. Remember, that an interviewer wants you to do well. They may try and catch you out with tricky questions, but it’s because they want to understand how you handle complex situations. They’re not out to make you fail – they want you to succeed.

You’ve already shown great judgment by getting Oz Resumes, the best Perth resume writers, to help!

Prepare well and you’ll never look back.

Good luck!

So what are you waiting for, Book a FREE Consultation (valued at $150 AUD) and let’s get you some RESULTS!