article thumbnail

Top 10 Common Accounting Interview Questions with Answers

Simple Accounts

Also, the lessons learned in accounting and finance subjects are highly relatable to daily life too. . How do you define accounting in your words and what are the different types of accounting? . Finished goods: The products which are ready for sale. Explain the latest changes introduced in Tax.

Account 52
article thumbnail

Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. As a CPA that studies and practices accounting, I know that accounting isn’t the most exciting thing in the world. Revenue is also commonly referred to as Sales. Look, I get it.