I applied online. The process took 2 weeks. I interviewed at NetSuite in Jan 2017
Interview
I applied online. They promptly replied and asked me to take the online exams. The exams were difficult in their respective areas but not impossible to answer. The accounting exam will test your management accounting and financial management accounting knowledge. It was a time pressure test. One must finish the exam in one hour.
After passing the exam, the HR will contact you thru phone and will ask for a phone interview.
Interview questions [1]
Question 1
The HR will ask the usual questions regarding your resume and background.
I applied through a recruiter. The process took 2 weeks. I interviewed at NetSuite (Makati City)
Interview
Overall, process is smooth. From the HR to the hiring manager and discussion of possible Compensation package.
It’s continous , if it’s not because of the hiring manager’s schedule, process would take only 1 week.
Interview questions [2]
Question 1
Technical interview -
1. How would you explain to Non accountants the Accounting equation
2. I’ve been given a business scenario then basic accounting question. Caveat: some questions are tricky. Focus on your basic concepts
Final Interview: Mostly personal questions and related to your CV. You should be familiar with your CV. Some questions are common, Why did you leave from previous employer? How did you know Netsuite? What is your idea about it? How will you explain your role/tasks?
I applied online. The process took 2 weeks. I interviewed at NetSuite (Makati City) in Jan 2017
Interview
The interview process was excellent! It was the best interview that I have had experienced. Everything was organized and every question was relevant and strategic. I was introduced to this company by my friend's sister whose working with NetSuite as a Consultant. Thus, from there I did my research about the company.
On January 4, 2017, I have submitted my application through LinkedIn and JobStreet.com, the next morning I was invited for an examination. You'll be the one to choose the exam schedule, which depends on your availability and convenience. I've had my exam on Saturday morning. The questions were simple but tricky and difficult. This will test your knowledge from basic to advance and cost to managerial accounting. After the exam, I've waited about 5 days for the result.
After the results of the examination had been discussed, the recruitment officer asked me when would be the most convenient time for them to conduct a 30 minutes’ phone interview. They have discussed the results 5 days after. Afterwhich, they’ve scheduled an interview with the Team Leaders which from my experience was a panel interview and it was tough, wherein you should be sure on what you were saying and you should be confident with your answers. An hour after the panel interview, the recruitment officer discussed the results by a phone call and then scheduled the next interview with the Manager.
The interview questions were smart, relevant and strategic i.e., interview questions with 5+ follow-up questions each is related to one and another. After the interview with the Manager, I bravely asked if I got the position or the other way around. Surprisingly, I got a yes. Whereas, the Manager suggested that a final interview to be conducted by the Director won't be necessary.
Interview questions [5]
Question 1
If you plan to operate a business what is it and why?
1st Follow-up question: What is your favorite account in the financial statement?
2nd Follow-up question: What is your favorite accounting standards?
3rd Follow-up question: Let's say you had your dream business to be operated, a coffee shop perhaps. And you wanted a wall at your coffee shop be painted artistically. Hence, you posted an advertisement online that you wished your wall building be painted artistically. Thus, few days after an artist whom you do not know accepted your job offer online and painted the wall of your building. After finishing the job, you paid him Php 500.00 as the painter went off. How will you recognize this event on your books?
4th Follow-up question: A few days after, an appraiser, whom is also your friend, went to visit your coffee shop and noticed that the painting on your wall was painted by a very famous artist, whom had his signature on the painting itself. After a brief examination your friend told you that the painting's market value is now at Php 2M of which you previously paid for about Php 500.00 only. How will you recognize this event on you books? What would possibly be the journal entries? And how will this journal entry affect your financial statements and books of accounts?
5th Follow-up question: Your coffee shop became popular because of the said painting on your business building's wall. The painting has become the reason why people came to visit your coffee shop hence the main reason why your sales boost. How will you recognize this event on your books? Explain your answer. Should you think you have to recognize the painting as other income?
6th Follow-up question: As your business grows, you plan to look for new investors and plan to process a loan with a bank. How will you present your business' financial status to the investors and to the banks?
7th Follow-up question: Do you think you think you can vouch that your business' financial status is reasonably accepted as per standards? Does it faithfully represent the wealth of your business?
8th Follow-up question: Do you think your answers are correct? How sure are you? From scale 1 to 10 as 10 being the highest how sure are you with your answers?
What is the best way or best financial statement to discuss a business understanding?
1st follow-up question: What is your favorite financial statement? Describe it.
2nd follow-up question: What is cash-flow statement? Discuss how you understand cash-flows.
3rd follow-up question: What is the difference between dominant, dormant, temporary, real and nominal accounts?
4th follow-up question: What is Accounts Receivable and its normal side?
5th follow-up question: What is Accounts Payable and its normal side?
6th follow-up question: If you were to choose, what do like most? AR or AP? Explain why.
7th follow-up question: Give me an example of a AR and AP compounding entry.
8th follow-up question: If you were the accountant of a bank, how will you record a deposit by a customer upon (1) time deposit (2) interest earned by the depositor (3) withholding taxes (4) withdrawal of the time deposit.
9th follow-up question: If he is your only depositor and your banking business have just started will you allow him to withdraw his deposits at your bank? Explain.
What is A=L+E?
1st follow-up question: How does it differs to L=A-E and E=A-L?
2nd follow-up question: What are the concepts about the objective of financial reporting?
Amongst your parents whom were you close with?
1st follow-up question: If you have Php 1,000.00 what will you buy for him?
2nd follow-up question: If he has Php 1,000.00 what will he buy for you?
Why did you leave you previous company?
1st follow-up question: What will make you leave a company where you work with?
2nd follow-up question: What is your expectations about the job?
3rd follow-up question: What are company are you looking for?
4th follow-up question: What job experiences excites you the most?
5th follow-up question: What motivates you?
I applied online. The process took 3 days. I interviewed at NetSuite (Makati City) in Jan 2017
Interview
Someone from the recruitment team will invite you for a 40 item accounting exam that will really test your technical knowledge about accounting entries, margin analysis, acid test ratio, cash flow, fifo/lifo inventory costing etc. This exam would normally be done one hour. After the exam, the HR will contact you for another scheduled technical interview with their current ERP support employees. This time, your english speaking, and accounting skills will be tested to the highest level. They will ask you behavioral questions, situational accounting transactions, and others that will require you think creatively. This interview would normally cover at least 2 hours if the interviewers like you. Then, if you will pass, you will then asked to be interviewed by the senior team lead. This interview is not that difficult compared to the technical interview. Its intended for the manager to know you well and maybe identify which team you are suited to. You will then be offered on the spot if you pass.
Interview questions [11]
Question 1
Differentiate depreciation, amortization, and depletion.