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Can you discuss a time when you identified and resolved a significant accounting discrepancy in a real estate context?

Your Answer

How To Answer This Question?

When answering this question, focus on a specific example where you identified and resolved an accounting discrepancy in a real estate context. Start by describing the situation and the nature of the discrepancy. Explain the steps you took to investigate and identify the root cause of the issue. Highlight the actions you took to resolve the discrepancy and any measures you implemented to prevent similar issues in the future. Emphasize your attention to detail, analytical skills, and ability to handle complex financial data. For example:

"In my previous role as a Real Estate Accountant, I noticed a significant discrepancy in the rental income reported for one of our properties. Upon investigation, I discovered that several rental payments had been incorrectly recorded due to a software glitch. I worked closely with the IT department to identify and fix the glitch, and I manually corrected the affected records. Additionally, I implemented a new verification process to ensure that all future rental payments were accurately recorded. This not only resolved the immediate issue but also helped prevent similar discrepancies in the future."

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