H&R Block Accountant Interview Questions and Answers

BRS stands for Bank Reconciliation Statement, which is a statement that compares the bank balance as per bank statement with the balance as per company's books.

• BRS helps in identifying any discrepancies between the bank statement and company's books

• It ensures that all transactions are recorded accurately

• It helps in detecting any fraudulent activities

• Example: If the bank statement shows a different balance than the comp...read more

Bookkeeping is the process of recording financial transactions and maintaining financial records.

• Bookkeeping involves recording all financial transactions of a business.

• It includes maintaining records of income, expenses, assets, and liabilities.

• Bookkeeping is essential for preparing financial statements and tax returns.

• Examples of bookkeeping tasks include recording sales, tracking expenses, and reconciling bank state

Company status refers to the legal and financial standing of a company.

• It indicates whether a company is active or inactive.

• It also reflects the financial health of the company.

• Company status can be checked through government databases or credit reporting agencies.

• Examples of company status include 'active', 'dissolved', 'suspended', and 'bankrupt'.

The number of employees in the company is not available.

• The exact number of employees is unknown.

• The company does not disclose the employee count.

• Employee count may vary over time.

• Employee count can be obtained from the company's HR department.

The financial status of a company refers to its overall financial health and performance.

• Financial status can be determined by analyzing financial statements such as balance sheets, income statements, and cash flow statements.

• Key indicators of financial status include profitability, liquidity, solvency, and efficiency.

• Profitability measures the company's ability to generate profits, while liquidity measures its ability...read more

We need an employee who is detail-oriented, analytical, and has strong communication skills.

• Detail-oriented: The employee should have a keen eye for accuracy and be able to spot errors or discrepancies in financial records.

• Analytical: They should possess strong problem-solving skills and be able to analyze financial data to identify trends or patterns.

• Strong communication skills: The employee should be able to effectiv...read more