Accountant Salary in Ontario

Accountant job description

Job Title: Accountant

Overview/Summary of the role: An Accountant is responsible for managing financial records and ensuring the accuracy of financial transactions. They analyze financial information to prepare reports, create budgets, and provide advice to management on financial decisions.

Responsibilities and Duties:

- Prepare financial statements and reports such as balance sheets, income statements, and cash flow statements.

- Analyze financial information and summarize financial status for management.

- Ensure compliance with accounting principles and relevant laws and regulations.

- Manage accounts payable and accounts receivable functions.

- Reconcile bank statements and prepare related journal entries.

Accountant interview questions

Interviewer: Good morning, could you please introduce yourself and give a brief summary of your work experience in accounting?

Candidate: Good morning, my name is John Smith and I have been working in accounting for the past 5 years. I have experience in financial reporting, budgeting, and cost analysis, among other accounting functions.

Interviewer: Can you tell me about your experience in preparing financial statements?

Candidate: Yes, I have prepared financial statements including balance sheets, income statements and cash flow statements. My experience involves preparing these statements for both small and large businesses.

Interviewer: How important do you believe communication is in the accounting field?

Candidate: Communication is paramount in the accounting field. It is important to understand what the client or company needs and to relay that information effectively to ensure accurate financial reporting.