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I appeared for an interview in Apr 2023, where I was asked the following questions.
I have over 7 years of experience in accounting, specializing in financial reporting, tax compliance, and budget management.
Managed monthly financial close processes, ensuring accuracy and compliance with GAAP.
Prepared detailed financial reports for management, highlighting key performance indicators.
Led the annual budgeting process, collaborating with department heads to align financial goals.
Conducted audits and reco...
My extensive accounting experience equips me with the skills to excel in this Senior Accountant role, ensuring accuracy and compliance.
Proficient in financial reporting: In my previous role, I prepared monthly financial statements that improved decision-making for management.
Expertise in tax compliance: I successfully managed tax filings for multiple entities, resulting in a 15% reduction in tax liabilities through str...
Non-Profit Organizations focus on social missions, relying on donations and grants rather than profit generation.
NFPs operate to fulfill a specific mission, such as education, health, or community service.
Funding typically comes from donations, grants, and fundraising events rather than sales.
Financial reporting is crucial; NFPs must adhere to specific accounting standards like FASB 117.
Examples include charities, foun...
I have experience with various journal entries, including standard, adjusting, and closing entries.
Standard Journal Entries: Record routine transactions like sales and purchases. Example: Debit Cash, Credit Sales Revenue.
Adjusting Journal Entries: Made at the end of an accounting period to update account balances. Example: Accruing unpaid expenses.
Closing Journal Entries: Used to close temporary accounts at year-end. E...
Closing books of accounts involves preparing financial statements, adjusting entries, reconciling accounts, and ensuring accuracy.
Prepare adjusting entries to update accounts for accruals, deferrals, and depreciation
Reconcile all accounts to ensure accuracy and completeness
Prepare financial statements including income statement, balance sheet, and cash flow statement
Close revenue and expense accounts to retained earnin...
I would investigate the discrepancy by reviewing creditor statements, invoices, and payment records to identify and rectify any errors.
Review creditor statements to identify any missing or incorrect entries
Check invoices and payment records for accuracy and completeness
Reconcile creditor balances with general ledger accounts to ensure accuracy
Communicate with creditors to resolve any discrepancies or outstanding issues
...
Journal entry for disposal of assets with accumulated balance
Debit the accumulated depreciation account to remove the accumulated balance
Credit the asset account to remove the asset from the books
Record any gain or loss on disposal in the income statement
Ensure the total debits equal the total credits in the journal entry
I applied via Approached by Company and was interviewed in Mar 2023. There were 2 interview rounds.
quatrro business support services interview questions for designations
I applied via Walk-in and was interviewed before May 2021. There was 1 interview round.
Top trending discussions
I applied via Walk-in and was interviewed before Jul 2021. There were 4 interview rounds.
Related to Accounting
I applied via Naukri.com and was interviewed before Aug 2021. There were 3 interview rounds.
I applied via Naukri.com and was interviewed in Dec 2021. There was 1 interview round.
A good candidate for Senior Accountant should have strong analytical skills, attention to detail, and excellent communication skills.
Strong analytical skills
Attention to detail
Excellent communication skills
Ability to work under pressure
Knowledge of accounting principles and regulations
Proficiency in accounting software
Ability to work independently and as part of a team
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
Be confident while in group discussion.
Use your knowledge and reasoning.
Some of the top questions asked at the quatrro business support services Senior Accountant interview -
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