Need to practice your Accounting and Finance skills for an upcoming job interview? Try solving these Accounting and Finance interview questions that test knowledge of double-entry bookkeeping, financial statements, financial analysis, and other skills. We’ll provide feedback on your answers, and you can use a hint if you get stuck.
These Accounting and Finance interview questions are examples of real tasks used by employers to screen job candidates such as accountants, financial analysts, financial managers, and others that require knowledge of the subjects and principles used in the accounting and finance disciplines.
1. Cash Withdrawal
When a bank's customer makes an ATM cash withdrawal from the customer's account, which classes of the bank's Chart of Accounts will be affected?
2. Total Interest
Where can information about the total interest accrued during the reporting period of one year be found?
3. Company Vehicle
Your company just purchased a company vehicle with cash.
4. Fixed Assets Increase
DEF Limited, a company that specializes in high-end audio components, is planning to expand into a new market by investing in a new production line. That investment consists of $100,000 received from a five-year loan and $50,000 of DEF’s own cash. DEF’s management has decided to use the straight-line depreciation method over a 10-year period, and the salvage (residual) value of the production line is zero.
What is the increase to DEF’s fixed assets when the production line is put into operation?
5. Short-Term Debt
Read the statement below and fill in the blanks with the correct answers.
Liquidity ratios indicate an enterprise's ability to pay _________________________ while solvency ratios indicate an enterprise's ability to pay _________________________. If we see that the Quick Ratio is ____________________ over time and the Current Liquidity Ratio is ____________________ over time, we can conclude that the company’s ability to pay short-term debt is probably improving.
6. Carlton Corporation
Study the balance sheet information for Carlton Corporation in 2015 in the image below.
(Open full-size image in a new tab.)
What is the value of the Current Asset Turnover Ratio for Carlton Corporation in 2015?
(Round your answer to two decimal places.)
7. Edampilz
Study the balance sheet for Edampilz in 2017 in the image below.
(Open full-size image in a new tab.)
What is the value of the Debt Ratio for Edampilz in 2017?
(Round your answer to two decimal places.)
