Interview Tips For Accounts Freshers

Here are some strategic interview tips for accounts freshers and relevant question –

Question - Explain Financial Accounting and its prominent features?
Answer - Financial Accounting is the process in which business transactions are recorded systematically in the various books of accounts maintained by the organization in order to prepare financial statements. These financial statements are basically of two types: First is Profitability Statement or Profit and Loss Account and second is Balance Sheet.

Characteristics features of Financial Accounting -
• Monetary Transactions
• Historical Nature
• Legal Requirement
• External Use
• Disclosure of Financial Status
• Interim Reports
• Financial Accounting Process

Question - Make a comparison between Financial Accounting and Cost Accounting.
Answer - Financial Accounting protects the interests of the outsiders dealing with the organization e.g shareholders, creditors etc. Cost Accounting is used for the internal purpose by the management to enable the same in discharging various functions in a proper manner.

Question - What are the various systems of Accounting?
Answer - There are two systems of Accounting:
• Cash System of Accounting
• Mercantile or Accrual System of Accounting

Interview Tips For Freshers In Mumbai

Here we suggest some Interview Tips for Freshers in Mumbai to help job aspirants. 

The best way to avoid being nervous at a job interview is to be prepared well in advance. Remain well prepared by accruing all company’s facts and see how confident you would be feeling. A mock interview can be prepared for in front of some family member, or a friend. Watch your face and look into your eyes at the time of practicing in front of the mirror.

The resume can be effectively used to keep tension and nervousness at bay. It can be thoroughly read so that all points and facts can remain fresh in mind. On the interview day, dress up properly so that you come across as a sincere and a well-groomed person. Do not wear anything revealing (females) or anything absurd. 

Speak confidently and use professionalism in your personality. Showcase excellent communication and interpersonal skills.