41⟩ What is ICAI?
It is the abbreviation of Institute of Chartered Accountants in India.
Secretary Accountant
Home Accounting Secretary Accountant
“Assistant Accountant Frequently Asked Questions in various Secretary Accountant job Interviews by interviewer. The set of questions here ensures that you offer a perfect answer posed to you. So get preparation for your new job hunting”
104 Secretary Accountant Questions And Answers
42⟩ Define company's payable cycle?
It is the time required by the company to pay all its account payables.
43⟩ How can you explain the basic accounting equation?
We know that accounting is all about assets, liabilities and capital. Therefore, the accounting equation is:
Assets = Liabilities + Owners Equity.
44⟩ Did you use accounting applications at your previous companies or prefer working manually?
Yes, I have used Advanced Business Solutions and AME Accounting Software in my previous jobs.
45⟩ Why did you select accounting as your profession?
Well, I was quite good in accounting throughout but in my masters, when I got distinction I decided to adopt this field as a profession.
46⟩ Describe me any accounting process that you have developed or revised?
Highlight how you have monitored and analyzed work processes to develop more efficient procedures and use of resources while still maintaining accurate and quality work outputs.
47⟩ If a company has three bank accounts for processing payments, what is the minimum number of ledgers it needs?
Use this as a starting point to explore a candidate's knowledge of ledgers. Observe the candidate's initial reaction and use it as a leaping off point for further discussion of skills related to the opening you are trying to fill. Expect the response to reveal the extent to which the candidate has thought through how accounts relate to lines of business and generally accepted accounting principles.
48⟩ Motivation of Secretary Accountant
Accountant interview questions will include an exploration of your motivation to be in this job. Be prepared to answer questions along the lines of:
"What motivated you to establish a career in accountancy?"
"What do you regard as the biggest challenges and opportunities facing the accounting profession today?"
49⟩ What challenges have you faced in leading a team through an analysis project?
We've left this last question, designed for probing leadership skills, somewhat general. It is another interview question you can modify to better explore the particularities of your opening or a candidate's background. As with question nine, the applicant's reply will reveal the level of critical thinking skills and elicit a better picture of his or her leadership techniques.
50⟩ Interpersonal Communication of Secretary Accountant
"Give me an example of when you had to explain a complex process to staff members."
"Tell me about a time you had to communicate an organizational change to your team."
"Describe a time that you had to present financial data to non-financial staff."
In your answer demonstrate your ability to clearly and effectively give information to individuals or a group, how you are able to adjust your communication style to suit your audience and simplify complex information to enable understanding.
51⟩ What is project implementation?
Project implementation involves six steps in total such as:
► Identify Need
► Generate and Screen Ideas
► Conduct Feasible Study
► Develop the Project
► Implement the Project
► Control the Project
52⟩ Can you name different branches of accounting?
There are three branches of accounting named as "Financial Accounting", "Management Accounting" and "Cost Accounting".
53⟩ Differentiate between provision and reserve?
Provisions are the liabilities or the anticipated items such as depreciation. You can say provisions are expenses. Reserves are the profits of any company and a part of that profit is placed back to the business to keep it sustainable in tough times of a company.
54⟩ Define dual aspect term in accounting?
As the name implies, the dual aspect concept states that every transaction has two sides. For example, when you buy something, you give the cash and get the thing. Similarly, when you sale something, you lose the thing and gets the money. So this getting and losing is basically two aspects of every transaction.
55⟩ Do you know what is fair value accounting?
As per fair value accounting, a company has to show the value of all of its assets in terms of price on balance sheet on which that asset can be sold.
56⟩ Define overhead in terms of accounting?
It is the indirect expenditure of a company such as salaries, rent dues etc.
57⟩ Define the term material facts in accounting?
Material facts are the bills or any document that becomes the base of every account book. It means that all those documents, on which account book is prepared, are called material facts.
58⟩ Sample Secretary Accountant Interview Questions
► Tell me about your previous work experience as accounting clerk.
► What were your primary responsibilities?
► How many people did you support?
► What were the most challenging aspects of your work?
► What type of software programs are you familiar with using?
► How did you maintain confidentiality when managing information?
► Tell me about a complex project you were tasked with completing under deadline.
► How did you add value to your role as accounting clerk?
► Tell me about your computer skills.
► Talk about your math skills.
► What have you done at your present/last company to increase revenues, reduce costs, or save time?
► What have you done recently to become a better accounting clerk?
► What makes you a great fit for this position?
► What type of schedule are you looking to work?
► Would you be available to work extra hours if needed?
59⟩ Technical skills based secretary accountant interview question
• Tell me the position you want to work in when focusing on a task?
• Tell me the popular mistakes which a City secretary often makes and tell me the solution to deal with them?
• Do you think that this job is lower than your level?
• Describe the methods/techniques you often used when you worked as a City secretary? Tell me how you performed them?
• Which type of work would you prefer, individual or team?
• Tell me how did you do to apply ISO 9001 to your City secretary job?
• Tell me your questions if you have any?
60⟩ Second secretary accountant interview question
• Describe all the skills you have as a City secretary?
• What will you do to enrich the experience which you are lack of?
• Tell me the qualifications as well as skills you think necessary for a City secretary?
• Tell me some of your projects which you involved?
• Tell me the most difficult decision you have ever made?
• Are there any of your friends or relatives who are working as a City secretary in this company?
• Tell me your expected salary and promotions if you are offered this position?
