Stantec Accounts Payable Associate Interview Questions and Answers

Q1. Why you chose Finance?
Ans. 
I chose Finance because of my passion for numbers and problem-solving.
• I have always been fascinated by numbers and enjoy working with them.

• I have a strong analytical and problem-solving skills, which are essential in the field of finance.

• I believe that finance plays a crucial role in the success of any organization.

• I enjoy the challenge of managing financial transactions and ensuring accuracy in accounts payable.

• I find...read more
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Q2. What is your social, Personal and family goal?
Ans. 
My social goal is to contribute to my community by volunteering and participating in social initiatives. My personal goal is to continuously learn and grow both personally and professionally. My family goal is to create a loving and supportive environment for my loved ones.
• Social goal: Volunteering and participating in social initiatives

• Personal goal: Continuous learning and personal growth

• Family goal: Creating a lovin
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Mathematical, english grammar, logical reasoning, Financial knowledge

Q1. What is bank reconciliation?
Ans. 
Bank reconciliation is the process of comparing and matching the balances in a company's accounting records with the bank statement.
• Bank reconciliation ensures that the company's records accurately reflect the transactions and balances in its bank accounts.

• It involves comparing the company's cash account balance with the bank statement balance and identifying any discrepancies.

• Common reasons for discrepancies include o...read more
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Q2. What is depreciation?
Ans. 
Depreciation is the gradual decrease in the value of an asset over time due to wear and tear, obsolescence, or other factors.
• Depreciation is an accounting method used to allocate the cost of an asset over its useful life.

• It represents the reduction in value of tangible assets like buildings, vehicles, or equipment.

• Depreciation expense is recorded on the income statement and accumulated depreciation is shown on the bala...read more
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Q3. What is no cash expenses?
Ans. 
No cash expenses are expenses that do not involve the use of physical cash.
• No cash expenses are transactions that are not paid for with cash.

• These expenses are typically paid for using other forms of payment such as credit cards, checks, or electronic transfers.

• Examples of no cash expenses include utility bills paid by direct debit, online purchases made with a credit card, or vendor payments made by electronic funds t
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