Behavioral Supervisory Interview Questions & Answers:

1. Explain what cost-cutting measures have you implemented?

Unwanted cost cutting measures are very important not only during recession period but also required for normal course of business.

We have followed measures:
-Removed number land line phone connection provided on sharing basis i.e., 1 each to 4 employees.
-Re-fixing mobile allowance to lower limit.
-Switching off the lights during the lunch time.
-Switching off the ACs every 2 hours once for next 2 hours.
-Cut down the unwanted travels.
If it is business call then meeting to be conducted on VC to extent possible.
-Reducing the undesired stocks.
-Re-negotiated prices with vendor.

2. What is accounting systems?

Developments in computer technology and especially the introduction of the PC meant that it was possible for "ordinary people" to gain access to a definite system. That is an accounting system that does it all. From the first DOS-based accounting systems such as PcPlus to today's Internet-based accounting systems such as e-conomic using SaaS (or cloud computing) as a model for the distribution of accounting systems.

3. Explain which accounting systems are you familiar with?

An accounting information system (AIS) is the system of records a business keeps to maintain its accounting system.

4. Tell me what are the attributes needed for a supervisor in accounting?

Technical Competence
Accounting supervisors must demonstrate technical competence, with qualifications and a level of experience that meet the requirements of the job. Some positions require a degree with a major in accounting or a related subject such as finance or business administration.

Communication
Good communication skills are essential to an accounting supervisor. They must be able to present complex financial information in a form that is understandable to non-specialists. They must be capable of communicating information orally and in the form of presentations or written reports.

Accuracy
The ability to work with accuracy is vital. The accounting team is responsible for the successful management of a company's income and expenses. Failure to maintain accurate records increases the risk of poor financial performance. Lack of accuracy could also lead to penalties if a company's accounting standards do not comply with industry regulations.

Analysis
Accounting supervisors need excellent analytic skills. They must be able to interpret financial data and make recommendations based on their findings. The management team makes important operational and investment decisions based on the accounting team's reports and recommendations.

Control
Accounting supervisors need a good sense of control. They must be able to quickly identify potential problems in cash flow or budget overruns that could put the company's financial position at risk.

5. Explain how important role does a supervisor of accounting department plays in an organization?

Please share your answers

6. Tell me what are the cost cutting measures a supervisor has to implement?

Overtime costs, work should be carried out during normal working hours purchases of goods should be done after evaluating prices from at least three suppliers

Telephone costs should be monitored through the voice recording system.


Cashflow position should be monitored to avoid overdraft charges fuel coupons should be signed for and all pool cars mileage should be recorded to and from work.

7. What are supervisor duties regarding Sales?

The store supervisor is responsible for setting weekly sales goals and objectives and implementing strategies to see they are met. He will work the cash register when needed and change signage in the store to reflect any in-store promotions.

8. How to handle Inventory?

The store supervisor must be involved in all aspects of inventory. He must order new product when necessary, arrange for receipt of shipments, unloading and organizing of goods and merchandising once everything is unpacked. He must order supplies for the store and keep meticulous records so every product is accounted for and the store remains within budget.

9. Tell me what are the functions and characteristics of stores supervisors?

Whether it is a clothing store, electronics store, book store or a hardware store, all stores have one thing in common: a store supervisor. The supervisor's overall function is to ensure smooth operation of the store as a whole. His duties can vary depending on the nature of the business, but there are several that are common to all supervisory positions.

10. What are Closing Steps?

In the process of working up to the financial statements, accountants post balances in a number of temporary accounts, such as revenue and wage expenses, which must be emptied before the next accounting cycle begins. The next step in the accounting cycle is to make various closing entries to ledger accounts by moving their balances to owners' equity accounts. Balances in the revenue account, for example, can be moved to the retained earnings account, leaving the revenue account with a zero balance on which to begin recording new sales.