Chartering Interview Questions

378 chartering interview questions shared by candidates

1st telephone interview What do you know about the structure of the ACA? Are you aware of how Saffery Champness structures it? Why accountancy? Why Saffery Champness? How did you hear about Saffery Champness? What are your top 3 skills? 2nd telephone interview Talk me through your CV? What achievement are you most proud of? What motivates you in the workplace? What contributions have you made to a team? When have you delivered excellent client service? What research have you done in relation to an ACA training contract? Case study presentation - very hard I was sent a LOT of information about a fictional business and had an hour to put together a presentation advising the company on immediate priorities, recommendations in addressing current problems and put together a plan for growth. I found this very hard as I had not come from a business/accounting/technical background and got overwhelmed by the amount of information (a lot of which was vague and didn’t entirely make sense - e.g. a supplier was threatening to stop supplying to the business in question because it thought the customer didn’t have a modern enough image and this could only be resolved by moving to a different factory?!) It also asked for a recommendation in relation to a P11d tax discrepancy which was again uncomfortable as I had no prior knowledge on this. When I asked for feedback, I was told my recommendations were too vague and didn’t give enough financial detail. I should have ultimately made more comments and observations (state the obvious) around the balance sheet and profit and loss statements that were included. Don’t let the fluffier information overwhelm you and don’t worry about whether your recommendations are sound or not; just be able to back it up with an argument. Also probably put a monetary goal to your recommendations, e.g. “by doing X you will save/increase income by Y”. I was also asked: - How can the business raise capital other than via bank loan/overdraft? - What role can social media play in the strategy for the business? - What are the key things to consider when trying to establish a presence in an overseas market? Make sure you prepare for this task by learning how to read and thoroughly a balance sheet (there are some helpful youtube videos online) and be able to say whether the company is in assets/liabilities position. Then you need to comment on variations in costs compared to the previous year on the profit/loss statement and use these to back up your recommendations. Also check out P11d…?
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Trainee Chartered Accountant

Interviewed at Saffery

3
May 20, 2021

1st telephone interview What do you know about the structure of the ACA? Are you aware of how Saffery Champness structures it? Why accountancy? Why Saffery Champness? How did you hear about Saffery Champness? What are your top 3 skills? 2nd telephone interview Talk me through your CV? What achievement are you most proud of? What motivates you in the workplace? What contributions have you made to a team? When have you delivered excellent client service? What research have you done in relation to an ACA training contract? Case study presentation - very hard I was sent a LOT of information about a fictional business and had an hour to put together a presentation advising the company on immediate priorities, recommendations in addressing current problems and put together a plan for growth. I found this very hard as I had not come from a business/accounting/technical background and got overwhelmed by the amount of information (a lot of which was vague and didn’t entirely make sense - e.g. a supplier was threatening to stop supplying to the business in question because it thought the customer didn’t have a modern enough image and this could only be resolved by moving to a different factory?!) It also asked for a recommendation in relation to a P11d tax discrepancy which was again uncomfortable as I had no prior knowledge on this. When I asked for feedback, I was told my recommendations were too vague and didn’t give enough financial detail. I should have ultimately made more comments and observations (state the obvious) around the balance sheet and profit and loss statements that were included. Don’t let the fluffier information overwhelm you and don’t worry about whether your recommendations are sound or not; just be able to back it up with an argument. Also probably put a monetary goal to your recommendations, e.g. “by doing X you will save/increase income by Y”. I was also asked: - How can the business raise capital other than via bank loan/overdraft? - What role can social media play in the strategy for the business? - What are the key things to consider when trying to establish a presence in an overseas market? Make sure you prepare for this task by learning how to read and thoroughly a balance sheet (there are some helpful youtube videos online) and be able to say whether the company is in assets/liabilities position. Then you need to comment on variations in costs compared to the previous year on the profit/loss statement and use these to back up your recommendations. Also check out P11d…?

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