Introduction
Overview of accounting roles
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1. What do you consider the essential skills of an accountant to add value to an organization?
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2. How would you explain finance data or an accounting process to someone in a nonfinancial role?
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3. When you buy equipment for a company, what is the impact on the three financial statements?
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4. How would you evaluate whether to invest in a major piece of equipment?
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5. For several months, the receivables turnover ratio has decreased. How would you resolve this?
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6. A manager has been expensing transactions that you would have capitalized. Why is this relevant?
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7. Evaluate a project that takes two years to complete and offers five to eight years of profits.
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8. How would you help leaders evaluate an initiative to see if it can deliver positive results?
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9. How do you define big data? Why is it important for accounting teams to have expertise in it?
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10. Tell me about a time you made an accounting error. How did you handle it?
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