10 Accounting Interview Questions to Ask Every Time

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Knowing the right accounting interview questions to ask job candidates can mean the difference between hiring a superstar and bringing the wrong person on board at your small business. We’ve identified 10 good queries to pose to job candidates the next time you have an accounting or finance role to staff.

Accounting Interview Questions

Here are four interview questions to ask that will help you evaluate a person’s core competencies:

1. How do you stay up to date on current accounting laws and regulations?

Given the rate of change in the accounting and finance industry, it’s crucial to hire accounting and finance professionals who make a point of staying informed. Top candidates will be able to tell you how they monitor the latest developments, whether it’s through subscriptions to industry publications, memberships in professional organizations, or attendance at accounting conferences and webinars.

2. What are the top three skills every good accountant has?

In response to this interview question, applicants will typically name what they think are their three best attributes. Look for candidates who focus on a mix of hard skills, such as knowledge of big data concepts, and softer attributes like business acumen, communication skills and customer service skills. Top applicants will include examples of how they’ve demonstrated and developed these skills in past jobs.

3. What types of accounting software have you used in previous jobs?

 

 

Include this in your list of accounting interview questions to ask because you’ll learn whether a candidate already knows the system you use at your firm or whether training during the first days on the job will be required.

Obviously, it’s preferable for a potential hire to be familiar with your software. But don’t automatically discount those who aren’t; instead, ask them a follow-up question about how easily they learn new technology so you’ll have a sense of their ability to get up to speed.

4. Give me examples of the types of reports you generated in your last job.

 

 

Like the previous question, this query will provide insight into a candidate’s experience and whether it fits well with the job duties of the open position. If you’re looking for someone to generate income and cash flow statements, for example, it’s good to know how — or if — a candidate has prepared these types of reports in the past.

Determining the Fit with Your Accounting Team

Candidates who have all the necessary technical and soft skills must also be able to prosper in the work environment at your company. Accounting interview questions that query applicants about a variety of potential scenarios they are likely to face on the job can help you better assess their fit for your office.

Here are a few good interview questions to ask to assess how a candidate is likely to handle various on-the-job situations and his or her potential fit with your existing team:

5. Tell me about a time when you made an accounting error and explain how you handled it.

Look for candidates who admit that they occasionally make mistakes but quickly move to own up to the error and correct it as best they can. Be wary of any candidates who say they’ve never made a mistake.

6. Tell me about your experience presenting financial data to non-financial staff.

These days, accounting and finance professionals have to discuss financial data and reports with coworkers outside their immediate department on a regular basis. So, it’s important to hire professionals who feel comfortable with this task. This interview question can help you understand more about their communication skills and experience in presenting information.

7. Describe a time when you met a particularly tight deadline and explain how you did it.

 

Accounting and finance professionals often have to turn out important reports quickly. The answer to this question will demonstrate how a candidate responds to deadline pressure and stress.

8. What’s the toughest accounting challenge you’ve solved?

You’ll get a good sense of a potential hire’s approach to problems if you make this a standard accounting interview question to ask applicants. Top candidates will use it as a springboard to display their creativity, skills and experience when it comes to resolving tricky accounting issues.

9. Tell me about a time when you worked with a team to revise or improve an accounting process. What role did you take, and how did the team work together to get the job done?

Teamwork is more important than ever for accounting and finance professionals, who frequently must work extensively with colleagues within and outside of their department. When you ask this interview question, listen for signs that the candidate will be a strong collaborator — or even a future leader.

10. Why did you choose accounting and finance as a career?

We included this on our list of accounting interview questions to ask every time because it can reveal a lot about a job seeker’s core intentions for pursuing a position with your firm. Look for candidates who show passion for the accounting and finance industry, not just the stability or potential salary a career in finance often promises. You’ll have an easier time developing and retaining professionals who truly love what they do each day.

Hiring is one of the most important things you do as a small business manager. Of course, every job opening and interview is different, and you should adjust your list of interview questions to ask accordingly. But when you use accounting interview questions like these as a jumping-off point, you’ll get a good picture of each candidate’s skills and aptitudes, which in turn will bring you one step closer to building the ideal team for your business.

Accounting Interview Questions Summary

Interview Questions	Purpose
How do you stay up to date on accounting laws and regulations?	Assessing the candidate's commitment to staying informed and current in the industry.
What are the top three skills every good accountant has?	Evaluating the candidate's self-awareness and understanding of essential accounting attributes.
What types of accounting software have you used in previous jobs?	Determining the candidate's familiarity with relevant software and potential training needs.
Give me examples of the types of reports you generated in your last job.	Assessing the candidate's experience in generating reports relevant to the position.
Tell me about a time when you made an accounting error and explain how you handled it.	Observing how the candidate acknowledges mistakes and takes responsibility for resolution.
Tell me about your experience presenting financial data to non-financial staff.	Evaluating the candidate's communication skills and ability to convey complex information.
Describe a time when you met a particularly tight deadline and explain how you did it.	Assessing the candidate's ability to handle deadline pressure and deliver under stress.
What's the toughest accounting challenge you've solved?	Understanding the candidate's problem-solving skills and approach to complex issues.
Tell me about a time when you worked with a team to revise or improve an accounting process.	Evaluating the candidate's teamwork and collaboration capabilities.
Why did you choose accounting and finance as a career?	Understanding the candidate's passion for the field and long-term career motivations.

How to Choose What Accounting Interview Questions to Ask

• Focus on Technical Competence: Include questions that assess the candidate’s knowledge of accounting principles, financial reporting, and relevant accounting software. For example, ask about their experience with reconciliations, financial statement analysis, or using accounting software like QuickBooks.
• Assess Problem-Solving Skills: Ask situational or scenario-based questions to evaluate the candidate’s ability to handle accounting challenges. For instance, present a hypothetical scenario where financial data doesn’t reconcile and ask how they would approach resolving the issue.
• Evaluate Communication Skills: Include questions that assess the candidate’s ability to communicate complex financial information to stakeholders. For instance, ask them to explain a financial concept or report to a non-financial team member.
• Inquire About Industry Knowledge: Tailor questions to gauge the candidate’s understanding of industry-specific accounting practices and regulations. For example, ask about their experience with accounting standards relevant to the healthcare or manufacturing industry.
• Assess Soft Skills: Don’t overlook soft skills like attention to detail, time management, and teamwork. Ask questions that reveal how the candidate manages deadlines, handles high-pressure situations, and collaborates with colleagues in cross-functional teams.

Assessing an Applicant’s Skills

When you’re trying to gauge a candidate’s technical skills, it’s often best to ask straightforward accounting interview questions. But you can also learn something about applicants’ soft skills with these types of queries.

Interview Techniques and Best Practices

Effective interviewing is a critical skill in the recruitment process, especially for accounting roles where precision and attention to detail are paramount. To conduct successful interviews, it’s essential to prepare thoroughly.

This includes reviewing the candidate’s resume in detail, preparing a list of tailored questions, and being clear about the role’s requirements. During the interview, create a comfortable atmosphere to encourage candid responses.

Use open-ended questions to gauge the candidate’s experiences and skills, and listen actively to their responses. Pay attention to non-verbal cues, as they often reveal more than verbal responses. It’s also beneficial to incorporate a mix of technical, situational, and behavioral questions.

This approach helps in understanding not only the candidate’s competencies but also their problem-solving abilities and fit within the team.

Post-interview, taking notes on key points discussed can aid in later evaluation stages.

Legal Considerations in Interviewing

When conducting interviews, it’s crucial to be aware of and adhere to legal guidelines to ensure fair and unbiased hiring practices.

Avoid questions that could be considered discriminatory, such as those related to age, race, religion, gender, marital status, or personal life. Instead, focus on the candidate’s qualifications, skills, and experience relevant to the job.

Ensure that all candidates are asked the same set of questions, which helps maintain consistency and fairness. Be mindful of the language used during the interview to avoid any implications of bias or preconceived notions.

Additionally, stay updated with the employment laws and regulations in your jurisdiction, as these can vary and evolve over time. It’s also advisable to have a human resources professional or a legal consultant review your interview process to ensure compliance.

Post-interview Evaluation Strategies

After conducting interviews, a systematic evaluation process is vital in making informed hiring decisions. Start by reviewing your notes and assessments for each candidate against the job requirements.

Consider not just technical skills, but also soft skills, cultural fit, and potential for growth. Utilizing a scoring system for different competencies can help in objectively comparing candidates. It’s also useful to involve other team members who participated in the interview process in the evaluation discussion.

This collaborative approach can provide diverse perspectives and reduce individual biases. Look for consistency between a candidate’s responses, their resume, and any pre-interview tests or assessments.

Finally, consider the long-term potential of the candidate, not just their ability to fulfill current needs, to ensure a sustainable hiring decision.

Now It’s Time for the Interview

Get more small business recruiting advice by reading Accountemps’ list of 10 Hiring Tips Every Small Business Owner Needs.

Interview Image via Shutterstock

This article, "10 Accounting Interview Questions to Ask Every Time" was first published on Small Business Trends