Finance General Faqs

What Is The Difference Between JOURNAL ENTRY & LEDGER
HTML clipboardA journal is also called as a book of prime entry. transactions occured are first entered in this book to show w...... More »
What is Trial Balance?
It is statement of balances of all the accounts in the ledger prepared to prove the arithmetical accuracy of the books of accounts. ...... More »
Why do you want to be an accountant?
A stereotypical answer to this question is that accountancy offers a respected professional qualification which can lead on to a wide range of opportunities in business. This is all true, but it doesn't answer the question of why YOU want to b...... More »
Why did you choose the A-levels you did?
The A-level subjects you chose are largely irrelevant, so answer this question honestly, although A levels which demand numeracy, analytical skills and communication skills may help. If you have not done A levels, but entered university ...... More »
Were you happy with the grades you achieved at A-level?
Chartered Accountancy firms put a lot of weight on A-level grades as these have been found to be the best predictors of success in professional examinations. If your A levels were not outstanding, this may sometimes depend more on the q...... More »
How did you chose your university?
Be honest, but try to show evidence for careful consideration and logic in your choice. The interviewer may follow up this question by asking if, with hindsight, you felt you made the right choice, or how you feel the course you have followed coul...... More »
What qualities have you got that would make you a good accountant?
Aside from the obvious ones such as numeracy and interpersonal skills, key skills will include determination and self discipline (to get through the difficult professional examinations) and an interest in the business world generally. An ability t...... More »
Why have you applied to our firm?
Quantifiable differences between chartered accountancy firms are often found on the basis of size rather than between individual firms. In general, the Big Four offer more international opportunities, household-name clients, more structured traini...... More »
What have you read in the newspapers in the last few days that particularly interested you?
Questions like this are testing your general interest in business and finance and your commercial awareness. You will be expected to come up with stories from the political, finance or other specialist sections of the papers that may be relevant t...... More »
What other careers are you considering?
The obvious answer would be careers in banking and insurance and other finance areas, but it is OK to mention any career here as long as you can argue your case effectively e.g. by demonstrating that the skills required are similar to those of an ...... More »