Why reconciliation of ledgers is done, Explain procure to pay process.
Finance Associate Interview Questions
Finance Associate Interview Questions
Finance associates utilize a wide variety of basic financial functions to provide clients with advice and guidance on strategic planning for long-term financial decisions. Companies and individuals look to them for financial expertise when deciding on a broad range of financial matters including investments and annual budgets.
Top Finance Associate Interview Questions & How to Answer
Question 1
Question #1: Can you explain the steps needed in the tax preparation process?
How to answer
How to answer: This open-ended question is designed to test your fundamental knowledge base of the financial skills involved in the process of preparing taxes, tax calculations, and your ability to contribute to their team. You should work through a sample scenario of tax preparation with a client from beginning to end, highlighting areas in which your knowledge base is exceptional.
Question 2
Question #2: Have you ever guided staff or a colleague on financial regulation compliance? If so, what was your process? If not, how would you approach this?
How to answer
How to answer: This open-ended question demonstrates your knowledge of standards, industry regulations, and fiscal policies. It also provides proof of your ability to promote best practices when it comes to financial regulation compliance. Provide an example of working with a team through this process. If you have not guided anyone through this process, provide best practice steps and how you would work through them with a team.
Question 3
Question # 3: What is your preferred financial software? Why?
How to answer
How to answer: This open-ended question is designed to showcase your knowledge of available financial software and your ability to evaluate the proficiency and applicability of such software. If possible, speak to several financial software options in which you are proficient so you can further demonstrate your breadth of knowledge in this area. Share how you have used or would use these software options.
34,972 finance associate interview questions shared by candidates
Written test covers journal entries and couple of multiple choice questions. Because the role was around AR, journal entries revolved around sales, gst, vat, discounts, depreciation, accrued rent, deferred revenue and unbilled revenue. In the face to face interview, the person didn't bother to ask a single technical question. Instead he was more keen on why i left my earlier company as i had given him a genuine reason of very bad work life balance. He was not ready to accept and tried to lower the confidence of candidate by saying if people work smartly, they will take less time.. indirectly he meant those who work for 14-15 hours daily dont work smartly! Haha! To be frank, i think they were not looking for CAs, but slaves!
Tell me a time when you let a team down and how would you have done things differently, if you were given another chance.
What was the challenge you faced during your previous job with your senior managers?
What do you think you will bring to table while working for us?
How do you see yourself in 5 years?
.How many reporting currencies can be attached to Primary Set of Books? Negative and positive adjustments What are Different types of transactions in AR? What is the difference between auto invoice and auto lock box What is the purpose of auto-invoice, accounting rules?
Describe a time when you went out of your way (or above and beyond) to accomplish a task or achieve a goal.
Reason why you're looking to leave your current role?
What do you think of RB's stock price?
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