You typically won't get too many accounting questions during face-to-face interviews, but you may get some on valuation methodologies and benchmarks for your industry and return expectations/discount rates calculations, and they will definitely test you during the modelling test/case study. You just need to convince them that you can build or review a financial model on your own without supervision.

Accounting-wise, you need to show that you understand the relationship between all the three financial statements for the most common financial operations (e.g. increase in capex, debt refinancing, capital increase, increase in pension liabilities for DB schemes). For a specific company/industry, you can get questions on how the different types of contracts you have with your suppliers or your clients can affect cash flow generation. Some structuring too, e.g. how do you create distributable reserves in a company to upstream dividends

 
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Most common accounting questions I got: 1) How does it affect the 3 statements if debt is PIK vs cash? 2) If capex goes up unexpectedly by $10, how does it affect all 3 statements? (don't forget about the tax shield) 3) What is the free cash flow of a company if revenue is $100m, EBIT margins are 15%, tax rate is 35%, capex is 5% of revenue etc (may give you pen and paper for this) 4) You buy this same company at 5x EBITDA and sell it for 6x EBITDA in 2 years, growth rate is 20% and all cash is swept to debt..what is your return? (def need to give you pen and paper for this)

 
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