Deloitte Interview Questions & Answers

Can you describe your accounting background and relevant experience?

What are some examples of accounting events commonly associated with compound journal entries?

What activities are included in a cash flow statement?

How would you address an error made by one of your team members?

What are adjustment entries, and how do you record them?

What are adjustment entries, and why are they important in accounting?

How do you analyze a company's financial statements effectively?

What methods do you use to assess a company's liquidity, profitability, and credit history?

What distinguishes an audit from a review in financial reporting?

Can a company have positive cash flows while facing serious financial difficulties?

Can a company have a positive net income and still declare bankruptcy?

Can a company report positive net income while still facing bankruptcy?

What is capital budgeting, and what techniques are commonly used in the process?

When should a purchase be capitalized instead of expensed?

Can a cash flow statement alone determine a company's financial health?

What is a cash flow statement, and how does it function in financial reporting?

Can you explain the cash flow statement in detail and describe its functionality?

Which is more important for a business: cash flow or assets?

What single statement would you choose to assess a company's overall health, and why?

What is cost accountancy, and what are its main objectives?

Can you explain what deferred tax assets are?

What are Deferred Tax Assets (DTA) and Deferred Tax Liabilities (DTL), and how are they generated in a merger or acquisition (M&A) transaction?

What is a deferred tax liability, and what causes its creation?

Can you explain what a deferred tax liability is?

What is a Deferred Tax Liability, and how does it impact financial statements?

How do you develop a rolling budget or forecasting model?

What is the difference between cash and accrual accounting, and which method do you believe is more suitable for our business?

What is the difference between cash accounting and accrual accounting?

What distinguishes accounts payable from accrued expenses?

What distinguishes working capital from long-term capital?

What are the most effective strategies to prevent accounting fraud?

Can you provide an example of a time you collaborated with a team to reach a shared objective?

What financial reports do upper management require, and what are their purposes?

What single financial statement would you use to assess a company's overall health, and why?

What are financial statements, and what insights do they provide about a company?

What are the four main financial statements?

What is GAAP and why is it important in accounting?

What is goodwill in accounting, and why is it important?

How would you handle a conflict between two accountants you supervise?

How would you handle discovering an error in your calculations?

How do you handle errors in reporting?

How would you handle a significant discrepancy found in our accounting records?

How does this affect the company's net income?

How do the three main financial statements connect?

What does an ideal budgeting process look like for a company?

What is the impact of an inventory write-down on the income statement, balance sheet, and cash flow statement?

How does the income statement connect to the balance sheet?

How do increases in accounts receivable affect cash flow on the cash flow statement?

What does the inventory turnover ratio indicate?

What is the key component of a financial report?

Can you explain the key components of an Income Statement?

What key elements contribute to a successful financial plan or budget?

What are the key responsibilities you anticipate as an accounts assistant?

What are the limitations of using individual financial statements for evaluating a company's overall performance?

How do your mathematical and quantitative skills align with the requirements of a career in accounting?

What is the meaning of negative working capital?

How do you motivate a tax team effectively?

What does a negative change in net working capital on the cash flow statement indicate, and is negative working capital detrimental to a company?

What is your process for organizing financial reports?

Can you explain a scenario where a company exhibits positive cash flow yet faces financial difficulties?

How would the purchase of new equipment impact the financial statements?

How does purchasing new equipment impact a company's financial statements?

What is the purpose of changes in working capital on the cash flow statement?

What is the process for recording Property, Plant, and Equipment (PP&E), and why is it significant in financial reporting?

What is the relationship between accounting and finance?

How do you stay updated on changing regulations in your industry?

How do you stay updated on changes in tax laws?

What strategies do you use to reduce errors in your work?

What are the three key financial statements?

Can you explain the three main financial statements and their purposes?

What types of reports are you experienced in creating?

What is your understanding of negative working capital?

What is your understanding of working capital?

What unique skills or experiences do you bring to the role of tax manager?

How do you utilize financial statements in decision-making?

What is cost accountancy?

What is goodwill in accounting?

What is PP&E, and how is it recorded in financial statements?