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Management Accountant Interview Questions

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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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Whether you are preparing to interview a candidate or applying for a job, review our list of top Management Accountant interview questions and answers.

  1. Why did you choose a career as a Management Accountant? See answer
  2. How did you get into the field of management accounting? See answer
  3. What are the top skills that equip you for this career? See answer
  4. How do you explain complex accounting and financial concepts to laypeople in your field? See answer
  5. Can you think of a time when you faced an ethical dilemma at work? What did you do? See answer
  6. How do you stay up to date regarding the latest developments in your field? See answer
  7. What would you say is your management style? See answer
  8. Which software packages have you worked with? See answer
  9. What is an accrual? See answer
  10. In which high-level areas of business does senior management typically use your financial skills?
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Our mission

Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

Read our editorial guidelines

10 Management Accountant Interview Questions and Answers

Why did you choose a career as a Management Accountant?

Candidates who have strong motivations for pursuing their careers typically outperform their peers. Learning why a candidate has chosen this field can also tell you a bit about their character and personality. What to look for in an answer:

  • Candidates with a vested interest in their careers
  • Suitability for the company's culture
  • Ambition and drive

Example:

"I've always had an aptitude for numbers and maths. So, from a young age, I knew that I wanted to pursue a career that involved numbers. I thought about pursuing a career in financial accounting first, but then I learnt about management accounting, and I was sold. What I like about this occupation is that I get to use my accounting knowledge to directly influence business strategies and decision-making, which I find exciting and stimulating."

How did you get into the field of management accounting?

Although you can read a candidate's qualifications on their resume, it can be informative to learn about the career path they have followed. What to look for in an answer:

  • Relevant experience
  • Career trajectory
  • Motivations behind career decisions

Example:

"Since my plan was to become a Chartered Certified Accountant, I completed an accounting degree. During my last year at university, I made a friend whose dad was a management accountant. He told me all about what he does at work and I thought it sounded amazing. So, after the summer break, I found myself a job as an Assistant Management Accountant and then completed a Chartered Institute of Management Accountants (CIMA) Professional Qualification."

What are the top skills that equip you for this career?

Apart from learning about the skills a candidate has to offer, their answer will also provide you with some insight regarding their work approach and priorities. What to look for in an answer:

  • Suitability for the position
  • A holistic understanding of their role
  • Leadership skills

Example:

"I think I have the ability to focus on accuracy and the smallest details, while simultaneously having a broad view and vision of a business. In addition, I offer strong leadership and managerial skills, which are vital in this line of work. As a Management Accountant, you need to help senior management make the best possible decisions for the company based on the information you supply."

How do you explain complex accounting and financial concepts to laypeople in your field?

Management Accountants often function as a bridge between a finance department and senior management. It's their responsibility to clearly translate financial concepts to executives, whose expertise may not necessarily lie in the field of accounting or finance. What to look for in an answer:

  • Effective communication skills
  • Good interpersonal skills
  • On-the-job experience

Example:

"When I'm addressing a non-financial audience, I first aim to only present the most crucial information they need to know in order to make an informed decision. Second, I strive to align the information I present with their immediate goals and needs. I also aim to build on their current knowledge by relating foreign and complex concepts to familiar ones, so that they have a starting point to work from."

In which high-level areas of business would an executive team typically use your financial skills?

Managerial accounting often involves multiple aspects of a company's financial results, such as revenue, cost controls and operating expenses. In addition, their skills and insights can enhance high-level areas of a business. What to look for in an answer: 

  • Expertise in the field
  • Level of experience
  • Potential value for the company

Example:

"I'm often involved with forecasting and high-level planning, which typically includes the creation of a budget. These types of management accounting tasks provide a company with financial direction for the coming months. In addition, I typically perform cost-benefit analyses for new and ongoing projects to ensure that they all turn out profitable. I also assist senior management with performance tracking, which helps them with effective decision-making in real time."

Can you think of a time when you faced an ethical dilemma at work? What did you do?

Since decision-makers often base their decisions on the information that Management Accountants provide, it's important that Management Accountants make ethical decisions. However, business owners may at times encourage them to push ethical limits, which can be challenging for Managerial Accountants. What to look for in an answer:

  • An ethical approach
  • Professional conduct
  • Sound decision-making

Example:

"In one of the positions I had early on in my career, the owner asked me to take advantage of some loopholes in the law and move around some numbers to meet revenue criteria. Although I was not acting illegally and was serving the requirements of the company I was working for, I was not maintaining my ethical standards. I started applying for a new position and moved on as soon as I could."

How do you stay up to date regarding the latest developments in your field?

The world of finance is an ever-changing and fast-developing field. It's essential that Managerial Accountants remain up to date regarding the latest trends and practices in business and accounting. What to look for in an answer:

  • Adaptability and flexibility
  • Ambition
  • A willingness to keep growing as a professional

Example:

"As a CIMA member, I'm obliged to undertake continuous professional development (CDP) and to keep a record of my developmental activities. I also often attend conferences and webinars, and follow the progress of industry leaders by listening to their podcasts and reading their articles and social media updates."

What would you say is your management style?

Management Accountants often supervise lower-level Accountants. With this question, you can find out what their approach is regarding this aspect of the job. What to look for in an answer:

  • Suitability for the company's culture
  • Level of experience
  • Leadership qualities

Example:

"I think I have both a democratic and liberal approach when it comes to managing others. I believe in empowering people by valuing their input and providing them with responsibility. Instead of just asking them to focus on their individual, small tasks, I inform members of my team of the broader visions of the company and try to mobilise them towards reaching common goals."

Which software packages have you worked with?

Managerial Accountants work with lots of data, whether they're creating budgets, working on financial forecasts, doing risk management or advising a company regarding their investments. Doing this work requires the use of sophisticated software packages. What to look for in an answer:

  • On-the-job experience
  • Knowledge of relevant software packages
  • General computer proficiency

Example:

"I've worked with Xero, which is an accounting platform that one can use to determine the health of a business. The system provides standard and custom reports that are useful for the internal management of a company. I have also worked with Oracle Netsuite, which is an integrated cloud ERP system that provides an impressive array of accounting and financial management solutions."

What is an accrual?

Management Accountants need a combination of skills to excel at their jobs. With questions such as these, you're gauging whether a candidate has the necessary basic technical skills. What to look for in an answer:

  • Level of experience
  • Expertise in the field
  • Suitability for the position

Example:

"An accrual refers to the recording of revenue or expenses paid, where no exchange of cash has taken place. Accrual accounting is well-suited to business environments where there are lots of credit transactions."

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