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

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.