Accounting is the backbone of the financial market, so be prepared to answer questions about your technical experience and detail-oriented work ethic. Employers may ask you to answer an analytical accounting question, tell a story that highlights your Excel skills, or solve a math brain teaser. As you move up in accounting, be aware that employers often expect more advanced degrees, which may include a Masters or CPA (Certified Public Accountant) certification.
What happens if depreciation increases by 10?2 Answers
Pre-tax operating income on the income statement decreases by 10. As a result of the subsequent tax shield, net income only falls by 6, so retained earnings falls by 6. On the cash flow statement, the depreciation is added back as a non-cash expense, so overall cash from operations increases by 4. On the Balance Sheet, PP&E decreases by 10, so 4-10 = -6 for retained earnings, and the balance sheet balances.
The answer above is okayish, though not full. It makes an important assumption, though I think for such an interview this answer shall suffice!