Senior Accountant Practice Interview Questions
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Senior Accountant Practice Interview Questions

Here are some practice interview questions + sample answers for a Senior Accountant job interview.

1

Describe your typical process for performing month-end close activities, including key steps and challenges you've encountered.

Answer Guidelines

Candidate should describe a structured process for month-end close, including key steps like preparing journal entries, performing balance sheet reconciliations, calculating accruals and prepaids, processing fixed assets, managing intercompany transactions, performing flux analysis, and adhering to a close schedule. They should mention using accounting software (like SAP) and identifying/resolving issues encountered during the process.

2

Can you explain a key difference between US GAAP and IFRS that you've encountered or are aware of?

Answer Guidelines

Candidate should identify a specific, material difference between US GAAP and IFRS (e.g., inventory valuation methods like LIFO, treatment of R&D costs, fixed asset revaluation, revenue recognition nuances, lease accounting differences) and briefly explain how it impacts financial reporting or accounting treatment.

3

Describe your experience using SAP R/3 FI for core accounting functions like journal entries, reconciliations, or reporting.

Answer Guidelines

Candidate must demonstrate practical experience using SAP R/3 FI for core accounting functions relevant to the job description. They should mention specific modules, transaction codes, or processes they've used for tasks like posting journal entries, managing accounts receivable or payable, handling fixed assets, or running financial reports within SAP FI.

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