Senior Accounts Manager
40+ Senior Accounts Manager Interview Questions and Answers
Asked in Devote Construction

Q. 1st Question List down the errors which affect trial balance and errors which do not affect trial balance ?
Errors affecting and not affecting trial balance
Errors affecting trial balance: errors of omission, errors of commission, errors of principle, errors of original entry, errors of reversal
Errors not affecting trial balance: errors of complete reversal, compensating errors
Errors of complete reversal: when an incorrect entry is made and then corrected with an opposite entry
Compensating errors: when two or more errors cancel each other out and do not affect the trial balance
Asked in Devote Construction

Q. Why is it easier for someone to perpetrate fraud using a journal entry than with a ledger?
Fraud is easier with journal entries due to fewer controls and direct access to accounts.
Journal entries can be made without immediate oversight, allowing for manipulation.
Example: An employee can create a false journal entry to inflate expenses, bypassing ledger checks.
Ledgers typically require multiple approvals and reconciliations, adding layers of security.
Journal entries can be altered after posting, making detection harder.
Example: A fraudulent entry can be disguised am...read more
Senior Accounts Manager Interview Questions and Answers for Freshers

Asked in Baker Hughes

Q. Why is it important to monitor the bacteria in the oil field?
Monitoring bacteria in oil field is crucial to ensure safety, prevent corrosion, and maintain production efficiency.
Bacteria can cause corrosion in pipelines and equipment, leading to costly repairs and downtime.
Certain bacteria can produce hydrogen sulfide gas, which is toxic and poses a safety risk to workers.
Bacteria can also reduce the efficiency of oil production by clogging pores and reducing flow rates.
Regular monitoring and treatment can prevent these issues and ensur...read more

Asked in Moris Media

Q. In your opinion, what is the biggest challenge facing account managers today, and how would you address it?
The biggest challenge facing account managers today is adapting to rapidly changing technology and data management systems.
Keeping up with advancements in technology and software
Managing and analyzing large amounts of data efficiently
Ensuring data security and compliance with regulations
Balancing automation with personalized client interactions

Asked in Moris Media

Q. How do you approach setting and managing client expectations to avoid misunderstandings and ensure satisfaction?
I approach setting and managing client expectations by clearly communicating deliverables, timelines, and potential challenges.
Establish open communication channels with clients to understand their needs and expectations
Set realistic goals and timelines based on client requirements and company capabilities
Regularly update clients on project progress and address any concerns or changes promptly
Provide clear documentation outlining project scope, deliverables, and responsibilit...read more

Asked in Baker Hughes

Q. Why is it important to monitor the waste produced during a process?
Monitoring produced water process is important for environmental compliance and cost savings.
Ensures compliance with environmental regulations
Identifies opportunities for cost savings through process optimization
Prevents contamination of water sources
Helps in identifying potential hazards and risks
Improves overall efficiency of the production process
Senior Accounts Manager Jobs




Asked in Baker Hughes

Q. Why is it important to monitor the injected seawater?
Monitoring injected seawater is important for ensuring safe and efficient oil production.
Seawater is used in oil production to maintain reservoir pressure and enhance oil recovery.
Monitoring helps to ensure that the seawater is of the correct quality and quantity.
If the seawater is not monitored properly, it can lead to corrosion, scaling, and other issues that can damage equipment and reduce production efficiency.
Regular monitoring can also help to identify potential problem...read more

Asked in Moris Media

Q. How do you prioritize and manage multiple accounts with conflicting deadlines?
I prioritize accounts based on urgency and importance, utilizing time management tools and effective communication.
I assess the deadlines for each account and prioritize based on urgency and importance.
I use time management tools such as calendars, to-do lists, and project management software to stay organized.
I communicate with clients to manage expectations and negotiate deadlines when necessary.
I delegate tasks to team members when appropriate to ensure all deadlines are m...read more
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Asked in Loginworks Softwares

Q. What are the important terms used in a Balance Sheet?
Key terms in a balance sheet include assets, liabilities, and equity, reflecting a company's financial position at a specific time.
Assets: Resources owned by the company, e.g., cash, inventory, property.
Liabilities: Obligations owed to outsiders, e.g., loans, accounts payable.
Equity: Owner's claim after liabilities are deducted from assets, e.g., common stock, retained earnings.
Current Assets: Assets expected to be converted to cash within a year, e.g., accounts receivable.
Cu...read more

Asked in Moris Media

Q. What metrics do you consider most important for measuring account performance and success?
Key metrics for measuring account performance include revenue growth, customer retention rate, and average deal size.
Revenue growth: Indicates the overall financial health of the account and the effectiveness of sales strategies.
Customer retention rate: Reflects customer satisfaction and loyalty, as well as the ability to maintain long-term relationships.
Average deal size: Shows the value of each transaction and the potential for upselling or cross-selling opportunities.

Asked in Sneha Farms

Q. How can you use Excel worksheets to integrate all departments and make reports on production, sales, and distribution accessible?
Utilizing Excel to create integrated reports enhances collaboration across departments for better decision-making.
Use pivot tables to summarize production, sales, and distribution data for quick insights.
Implement shared workbooks for real-time collaboration among departments.
Create dashboards with charts and graphs to visualize key performance indicators.
Automate data entry using Excel macros to reduce errors and save time.
Utilize VLOOKUP or INDEX-MATCH functions to pull dat...read more
Asked in Sk Textiles

Q. Is TDS deduction required at the time of purchase or payment, whichever is earlier?
TDS deduction is based on the timing of payment or purchase, whichever occurs first, impacting tax compliance.
TDS (Tax Deducted at Source) is applicable on certain payments like salaries, interest, and professional fees.
If a payment is made for a service, TDS is deducted at the time of payment, e.g., paying a consultant.
For purchases, TDS is deducted at the time of purchase if applicable, e.g., buying goods from a vendor.
The TDS rate varies based on the nature of the payment;...read more

Asked in Regalix

Q. Are you willing to maintain transparency and prioritize satisfying your team lead and manager?
I prioritize transparency and collaboration, ensuring my team lead and manager are satisfied while maintaining ethical standards.
Open Communication: I believe in maintaining open lines of communication with my team lead and manager, providing regular updates on project status.
Feedback Loop: Actively seeking feedback from my manager helps me align my work with their expectations and improve my performance.
Ethical Standards: While I aim to satisfy my team lead, I will not compr...read more
Asked in Sk Textiles

Q. Download GSTR 2A on the GST portal and match our purchase records with the portal's purchase records.
To download GSTR-2A on GST portal and match purchase with portal purchase, follow these steps:
Log in to the GST portal
Go to Services > Returns > Returns Dashboard
Select the financial year and return filing period
Click on 'View' under GSTR-2A
Download the GSTR-2A file
Compare the purchase details with portal purchase
Asked in BLV Infinity Project Solutions

Q. Do you have experience with trade receivable follow-up?
Yes, I have strong follow-up trade receivable.
I have a proven track record of timely follow-up on outstanding invoices.
I am skilled in using accounting software to track and manage receivables.
I have experience in negotiating payment plans with clients to ensure timely payments.
I regularly communicate with clients to ensure they are aware of their outstanding balances.
I am proactive in identifying potential payment issues and addressing them before they become overdue.

Asked in Housing.com

Q. Describe a scenario where you faced difficulty managing a client.
Faced a challenging client situation due to miscommunication, resolved it through proactive engagement and tailored solutions.
Identified the issue: A client was unhappy due to a misunderstanding about deliverables.
Engaged directly: Scheduled a meeting to discuss their concerns and expectations.
Clarified deliverables: Presented a detailed plan outlining what we could provide and timelines.
Tailored solutions: Offered additional support and resources to meet their specific needs...read more
Asked in Franco Indian Remedies

Q. What is the due date for income tax returns?
The due date for income tax returns varies depending on the country and the type of taxpayer.
In the United States, individual income tax returns are typically due on April 15th.
In Canada, the due date for individual income tax returns is April 30th.
In the United Kingdom, income tax returns are due by January 31st.
Different countries may have different due dates for corporate income tax returns.
It is important to consult the tax authorities or a tax professional for the specif...read more

Asked in Baker Hughes

Q. What is the best way to choose a Biocide treatment?
The best way to choose Biocide treatment is by identifying the type of microorganisms present and selecting the appropriate biocide.
Identify the type of microorganisms present
Select the appropriate biocide based on the microorganism type
Consider the concentration and exposure time required for the biocide to be effective
Ensure the biocide is compatible with the system being treated
Regularly monitor and adjust the biocide treatment as needed
Asked in AAA Builders & Developers

Q. What is the TDS rate for contractors?
The TDS rate for contractors varies depending on the nature of the contract and the type of payment being made.
TDS stands for Tax Deducted at Source and is a means of collecting income tax in India.
For contractors, the TDS rate can be different for different types of payments such as salary, professional fees, or rent.
The TDS rate for contractors can range from 1% to 10% depending on the specific circumstances.
For example, if the contractor is receiving professional fees, the...read more

Asked in MagicPin

Q. How well can you handle pressure?
I am able to handle pressure well and remain calm under stressful situations.
I prioritize tasks and create a plan of action to manage my workload effectively
I take breaks when needed to avoid burnout and maintain focus
I communicate clearly with my team and superiors to manage expectations and avoid misunderstandings
I remain positive and focused on finding solutions rather than dwelling on problems
Example: During a busy month-end close, I created a detailed checklist and deleg...read more

Asked in ARM Worldwide

Q. What unique contributions will you bring to the team?
I will bring strategic insights, innovative solutions, and a collaborative spirit to enhance team performance and drive results.
Implement data-driven decision-making: For example, using analytics to identify trends and optimize account strategies.
Foster strong client relationships: Regular check-ins and personalized communication to ensure client satisfaction and retention.
Encourage cross-department collaboration: Organizing joint meetings with sales and marketing to align go...read more
Asked in Kusumakar Gupta & Sons

Q. How do you manage accounting, GST, and income tax?
Effective management of GST and income tax involves accurate record-keeping, timely filing, and strategic planning.
Maintain accurate records of all transactions to ensure compliance with GST and income tax regulations.
Use accounting software to automate calculations and generate reports for GST and income tax.
Regularly review financial statements to identify potential tax liabilities and opportunities for deductions.
File GST returns and income tax returns on time to avoid pen...read more
Asked in Heinrich Corporation India

Q. How do you handle stock and financial details?
Effective stock and financial management involves accurate tracking, analysis, and strategic planning to optimize resources and profitability.
Implement an inventory management system to track stock levels in real-time, reducing the risk of overstocking or stockouts.
Regularly conduct financial audits to ensure accuracy in financial reporting and compliance with regulations.
Utilize forecasting tools to predict future stock needs based on historical sales data, helping to mainta...read more

Asked in Genpact

Q. How would you add value?
By identifying client needs, offering tailored solutions, and providing exceptional customer service.
Conduct thorough research to understand client's business and industry
Offer customized solutions to meet client's specific needs
Provide ongoing support and follow-up to ensure client satisfaction
Regularly review and analyze client accounts to identify opportunities for value addition
Asked in Zest Top One Technology

Q. How do you file a revised TDS return?
To file a revised TDS return, login to the TRACES portal and select the appropriate form.
Login to the TRACES portal using your credentials
Select the appropriate form for the revised return
Make the necessary changes to the return
Generate the .fvu file and validate it
Upload the .fvu file on the TRACES portal
Submit the revised return
Asked in Sk Textiles

Q. How do you match GSTR 2A?
To match GSTR 2A, compare the details of purchases as per supplier's invoices with the details of purchases as per GSTR 2A.
Download GSTR 2A from GST portal
Compare the details of purchases as per supplier's invoices with the details of purchases as per GSTR 2A
Identify any discrepancies and take necessary actions to rectify them
Ensure that all purchases as per supplier's invoices are reflected in GSTR 2A

Asked in Dana TM4

Q. Finalisation of Financial in IGAAP and UGAAP
Understanding the differences in financial finalization between IGAAP and UGAAP is crucial for accurate reporting.
IGAAP (Indian Generally Accepted Accounting Principles) is tailored for Indian businesses, while UGAAP (United States Generally Accepted Accounting Principles) is for US entities.
Key differences include revenue recognition; IGAAP may allow revenue recognition on completion of a project, whereas UGAAP follows a more stringent criteria.
In IGAAP, the treatment of fix...read more
Asked in Zest Top One Technology

Q. How do you compare sheets?
To compare sheets, use Excel's compare feature or manually compare data using formulas and conditional formatting.
Use Excel's compare feature to highlight differences between two sheets
Manually compare data using formulas like VLOOKUP and IF statements
Use conditional formatting to highlight differences between cells or ranges
Ensure both sheets have the same structure and formatting before comparing

Asked in Krishna Construction Company

Q. What is your financial goal?
My financial goal is to achieve a six-figure salary within the next five years.
To increase my income through promotions and salary negotiations
To invest in high-yield assets such as stocks and real estate
To save a portion of my income for retirement and emergencies

Asked in Indiamart Intermesh

Q. Team handling experience and findings
I have extensive team handling experience and have consistently found that clear communication, setting expectations, and providing support are key to success.
I have managed teams of up to 15 people in previous roles
Regular check-ins with team members to ensure they have the resources and support they need to succeed
Setting clear goals and expectations for team members and providing regular feedback on their progress
Encouraging open communication and creating a positive team ...read more
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