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Situational interview question about Financial Discrepancies for Mid-Level Accountant

Can you describe a time when you identified and resolved a discrepancy in financial records?

Accountant

Situational

Asked at

KPMG

Difficulty :

Medium

Explanation

This question evaluates your problem-solving skills, attention to detail, and ability to maintain accurate records. Recruiters are interested in your process for identifying issues and resolving them efficiently. A strong answer should include a specific example, the steps you took, and the results. Avoid vague descriptions or failing to emphasize the impact of your actions.

Answer Example

While preparing monthly reports, I noticed a $5,000 discrepancy in the accounts payable ledger. I traced the issue to an incorrectly coded invoice and worked with the vendor to verify the correct payment details. After resolving the error, I implemented a new checklist for invoice coding, which reduced similar errors by 30% over the next quarter.

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