Aramex Executive Accountant Interview Questions and Answers

Q1. Journal Entries
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Q1. What is AP procedure
Ans. 
AP procedure refers to the process of managing accounts payable, including receiving, verifying, and recording invoices for payment.
• Receiving invoices from vendors

• Verifying the accuracy of invoices

• Recording invoices in the accounting system

• Processing payments to vendors

• Reconciling accounts payable with vendor statements
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Q2. What is AR procedure
Ans. 
AR procedure refers to the process of managing accounts receivable, including invoicing, tracking payments, and following up on overdue accounts.
• AR procedure starts with sending invoices to customers for goods or services provided.

• It involves tracking payments received and reconciling them with the invoices issued.

• Follow-up on overdue accounts is a crucial part of AR procedure to ensure timely payment.

• AR procedure may ...read more
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Q3. Nothing from my side
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Q1. Basic accounting rules
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Q2. Are you able to do Manual entries
Ans. 
Yes, I am able to do manual entries in accounting.
• I have experience in manually entering financial transactions into accounting software.

• I am familiar with journal entries, adjusting entries, and other manual accounting processes.

• I can accurately input data into spreadsheets or ledgers for record-keeping purposes.
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Aptitude test was quit difficult and bound with timings

Q1. One on one round was good, it was interactive and good knowledge check.
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Q1. Technical round was technically questions were asked and very easy way of having it
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Q1. Salary discussion with HR but not worthy
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Q1. Final selection for the position in cash and bank
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Easy test of reasoning and maths question

Q1. What is Accrual concept? Reason for change? Salary expectation? Team management scenerio Weakness,improvements
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Q2. What is your end goal? How did you overcome escalations?
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Simple

Q1. Tell us about any IFRS std.
Ans. 
IFRS stands for International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).
• IFRS are used by companies to prepare and present their financial statements.

• IFRS are designed to provide a common language for business affairs so that company accounts are understandable and comparable across international boundaries.

• IFRS cover a wide ra...read more
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Q2. Answer cannot be included here.
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