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3 most frequently asked accounting interview questions financial controller



Accounting job interview coming up? Here are the 3 most frequently asked questions by employers. Free Download of My Balance Sheet Metrics Cheat Sheet: …

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3 most frequently asked accounting interview questions

3 most frequently asked accounting interview questions

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3 most frequently asked accounting interview questions
financial controller
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22 thoughts on “3 most frequently asked accounting interview questions financial controller”

  1. Negative working capital is bad. There is a very gross mistake in what you have stated. Current asset consists of cash, cash equivalents and AR. If you are very efficient at collecting your receivables you would have then increased your cash position. I am actually surprised this hasn’t been caught by your wife, an accountant, or even you while editing and hearing it multiple times.

  2. I just got my 2 year degree in accounting technology and I'm trying to get interview experience and learn as much as I can so I can land my first entry level position and these videos let me go into interviews with confidence. Thank you very much!

  3. Hello sir! relating the the second Interview questions. If we collect more of our accounting Receivable it will decrees the receivable and increase Cash or Bank which both of them are current assets Items. How will that cause the current liability to greater than the current assets in this situation?

  4. Regarding question no 3, if we are using absorption costing then increase in closing inventory will reduce cost of goods sold will cause increase in profit. Isn't it like this ? Kindly assist ?

  5. I'm really confuse with your answer in question no. 3. As I understand it, increase in inventory decreases purchases, decreasing cost of good and increasing grofit profit thereby increasing income. I thought an increase in inventory increases income.

  6. Answers for 1 and 3 are incorrect.

    Balance sheet is most important
    And increase of closing inventory will decrease you cost of sales (and increase profit).
    It will have no net impact on the balance sheet.

  7. in 3 question- what is the impact on income when inventory goes up by $10 – you said " nothing".
    i think it will impact on income because of COGS, which involve (Beg+purchase-ending) when we make entry- Merchandise inventory Dr and A/P Cr. so this Merchandise inventory include in COGS as purchase new M.I. this COGS appear on Income statement. if COGS decrease income increase and vise versa. what do you think is it right or not?

  8. Hi Bill, I have question in term of the Working Capital. As you mentioned that when working capital is negative, it's signaling that we are collecting AR fast. The question is, when we are collecting our AR, isn't means we also debiting our Cash and that actually part of current assets? So how it can cause negative working capital in this sense? Thank you in advance for your explanations!

  9. Sir, I have a Doubt on your Answer to the Third Question. When the Inventory Cost Increased by 10 surely it will have a impact in the Gross Profit either even if I consume the material for production or leaving it in stock unless its compensated by the hike in the sales price. Its my view, Please clarify.

  10. i know its to late to ask this questions but i hope u answer it , what about if the inventory will increased by 10$ it will decrease the COGS and so increase net income?

  11. Thanks for the video. I have a doubt regarding question 3. While calculating p&l a/c, cost of sales =initial inventory + purchases – closing inventory. Therefore, why does purchasing inventory has no effect on P&L. Could u please explain?

  12. Been an accountant for 6 yrs with sporadic experience but solid qualifications & knowledge to my name. About to move countries & start brand new. Your videos are really giving
    me a boost of confidence, thank you so much!

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