Do You Possess Any Knowledge of Accounting Standards?

 

Accountant carries lot of books with standardsSooner or later, they will ask you a technical question. Accounting standards are important and they develop all the time too. Can you convince the recruiters about your knowledge of it?

Similarly to other technical questions, to say just: “Yes, I have a knowledge of it.”, is not a right way to go. These questions have  a second part typically. If you say you have the knowledge, they will ask you something. For example: Okay, explain the latest changes then!

It is impossible to know all the standards

Employers should know (and sometimes they really do know) how difficult the accounting standards are. It is just too much for a human being… While they can give you a practical question you should be able to solve, they can hardly ask you something like: “Tell me the content of IAS 19″.

Every good accountant should be able to find what he needs to find. But it is impossible to know everything. You should convince them that you have a good source (for example here), to check up-to-date IAS (or IFSR) and quickly find the correct information.

However, if you find some time to research recent changes in the standards and present it in an interview, it will be a plus. Such behavior demonstrates that you really care about your job and keep your knowledge up to date.

 

I have studied both IAS and IFSR. I have my online source to check the latest changes regularly, in order to apply it to my work.

 

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