3 most frequently asked accounting interview questions financial controller

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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
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่
ดูวิธีการทำเงินออนไลน์ล่าสุดทั้งหมด: ดูเพิ่มเติมที่นี่

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37 comments

The Financial Controller 11/10/2021 - 2:00 Sáng

On the Negative Working Capital thing. Most companies draw cash and invest in marketing and in expansion. This is what leads working capital to go negative, but not necessarily a bad sign.

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Saud Alam Khan 11/10/2021 - 2:00 Sáng

From which movie the scene is taken, " you're hired"?

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ksureshnagarajank ksureshnagarajank 11/10/2021 - 2:00 Sáng

Sir I thank you

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David Lyash 11/10/2021 - 2:00 Sáng

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.

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kibi macheru 11/10/2021 - 2:00 Sáng

Very helpful tips

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O ADEBANJO 11/10/2021 - 2:00 Sáng

Closing inventory can affect the Cost of sales . If cost of sales increases then the gross profit will reduce and so also
the net profit

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Ansuman Mishra 11/10/2021 - 2:00 Sáng

I am a CMA (India)

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Phillip Harnage 11/10/2021 - 2:00 Sáng

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!

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Chernor Abdulai Shaw 11/10/2021 - 2:00 Sáng

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?

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ALL TIME TV 11/10/2021 - 2:00 Sáng

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 ?

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peace chimezie 11/10/2021 - 2:00 Sáng

You are the Best!

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Chirayu Vakil 11/10/2021 - 2:00 Sáng

Great information..

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freddie 11/10/2021 - 2:00 Sáng

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.

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Mahesh Reddy 11/10/2021 - 2:00 Sáng

I have seen you replying that cash deployed in investments as if invested also cash turns into current assets then how wc will become negative

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khizer hayat 11/10/2021 - 2:00 Sáng

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.

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bulbul jain 11/10/2021 - 2:00 Sáng

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?

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rika adnari 11/10/2021 - 2:00 Sáng

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!

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Trading Tricks by Levelforecasterz 11/10/2021 - 2:00 Sáng

I can't agree with 3rd part abt Inventory cz… Any changes like Increase or Decrease in Inventory shall impact OPAT …

Correct me if I am wrong…

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T.M. Prabhakar 11/10/2021 - 2:00 Sáng

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.

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dhinesh kumar 11/10/2021 - 2:00 Sáng

Sir i need accounting interview to cost and management account

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Mohamed 11/10/2021 - 2:00 Sáng

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?

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f mary Stella 11/10/2021 - 2:00 Sáng

Hi, I am looking for a job in accounts with 09 years of accounting experience and finding difficult in getting job in USA,and am a B'Com graduated.

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A Kamat 11/10/2021 - 2:00 Sáng

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?

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Valentina Craucamp 11/10/2021 - 2:00 Sáng

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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Mr J 11/10/2021 - 2:00 Sáng

cool!

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Aneeza Soni Soni 11/10/2021 - 2:00 Sáng

Thanks alot for the video.

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Aneeza Soni Soni 11/10/2021 - 2:00 Sáng

Thanks alot for the video.

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daniel eduardo campos castillo 11/10/2021 - 2:00 Sáng

Your channel is very important for me. I am studying accountant in México.

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Adnan Raja 11/10/2021 - 2:00 Sáng

Can yoi please stay with the main topic rather extra words?
A suggestion.

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Raju Kumar 11/10/2021 - 2:00 Sáng

I am your great fan sir,your video is really helpful from me,love from India❤️

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Monica Marie 11/10/2021 - 2:00 Sáng

I recently started a staff accountant position at a CPA firm. I'm very excited to dive into my accounting career. The company and people are great and there is so much potential for growth. I must say your videos were very helpful in building the confidence I needed to get through my interviews. Thank you!

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Shruthi Swaminathan 11/10/2021 - 2:00 Sáng

In Q2 ->
If AR is collected earlier, then cash (or inventory – if purchased with r/ts of AR) would increase – effectively keeping a nil impact on CA right, isn’t it?

In that case a negative WC would only be explained by an inability to pay up CL on time or lagging it for some reason or the other – which could once again indicate higher supplier costs going forward as negotiation power comes down.

In this way wouldn’t a negative WC be an indication of a liquidity problem?

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junaid ahamed 11/10/2021 - 2:00 Sáng

Sir, I do have a doubt.
When you said, negative WC can be caused by quick collection of AR. But does it really decreases current assets?. When we are collecting cash , there is no movement in current assets right?. The decrease in AR will cause an increase in cash by the same amount. So how does that do any good sir?

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Israa Rachid 11/10/2021 - 2:00 Sáng

Its the first video for me. Thank u alot
I am a beginner , what do u mean by P & l ?

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Diem Hoang 11/10/2021 - 2:00 Sáng

I need help with Tell us about a project that you have no instruction.

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Hally Lopez 11/10/2021 - 2:00 Sáng

seriously? a no brainer!

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302 Ruchi 11/10/2021 - 2:00 Sáng

thankyou for amazing content!!!!

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