Optum Global Solutions Senior General Ledger Accountant Interview Questions and Answers

Purchase of inventory impacts financial statements by increasing assets and reducing cash or accounts payable.

• Increase in inventory asset on balance sheet

• Decrease in cash or increase in accounts payable on balance sheet

• Cost of goods sold on income statement is impacted by inventory purchases

• Gross profit margin is affected by inventory purchases

• Inventory turnover ratio can be impacted by inventory purchases

USGAAP stands for United States Generally Accepted Accounting Principles, which are a set of accounting standards used in the US.

• USGAAP is a set of accounting principles, standards, and procedures that companies must follow when preparing their financial statements.

• It is important for companies operating in the US to comply with USGAAP to ensure consistency and transparency in financial reporting.

• USGAAP covers a wide r...read more

I am very proficient in Excel and have extensive experience using it for financial analysis and reporting.

• I am highly skilled in creating complex financial models and reports in Excel

• I have experience using advanced functions such as VLOOKUP, pivot tables, and macros

• I am comfortable working with large datasets and performing data analysis in Excel

• I have used Excel for budgeting, forecasting, and variance analysis in pr

Yes, I am comfortable learning new software as needed for the role.

• I am a quick learner and have experience adapting to new software in previous roles.

• I am open to training and development opportunities to enhance my skills.

• I understand the importance of staying current with technology in the accounting field.