Can you provide an example of a complex accounting issue you encountered in your previous role, and how did you resolve it?

Answer:

During my previous role as a Senior Accountant, I encountered a complex accounting issue related to revenue recognition for a long-term contract that involved multiple deliverables. The issue stemmed from different interpretations of accounting standards by different stakeholders within the company.

To resolve this issue, I proactively researched relevant accounting guidance, including ASC 606, and engaged in discussions with the company's legal and finance teams to ensure a comprehensive understanding of the issue. I also collaborated with external auditors to validate the proposed accounting treatment and ensure compliance with regulatory requirements.

Through careful analysis and diligent communication with all stakeholders involved, I was able to develop a consensus-based solution that accurately reflected the revenue recognition for the long-term contract. This experience showcases my ability to navigate complex accounting issues, interpret accounting standards, and effectively communicate with cross-functional teams to reach a resolution.