Question

1. Explain interview methods and the areas of concern in conducting them. Give example for each method.

2. APA and MLA are the two common styles of writing your research work. Explore from website the two methods and explain why it is important to maintain these formats.

Answer both Questions

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course name : Accounting research and practice

Answer 1

1. Interview Methods:

Behavioral Interview

The vast majority of interview candidates will participate in a behavioral interview. Behavioral questions focus on past performances versus hypothetical situations, following the premise that past behavior is a clear indicator of future behavior.

Questions will relate to aspects of your past work and educational experiences. Here are four typical behavioral interview questions:

1. What was the toughest project you ever completed? Tell me about it.
2. Who was the most difficult customer you ever helped? Tell me about that situation.
3. What was your most challenging class? Tell me why it was challenging.
4. Were you ever a member of a team? What was your role, what was the goal of the team project, and did it go smoothly or was there an issue? What was the end result of the project?

The following strategies will help you answer behavioral questions successfully:

• Never mention anything negative about your past managers, past professors, or past clients. Even if a particular individual was difficult, speak instead about the challenge and the subsequent approval you received when you succeeding in satisfying that person.
• Focus on presenting an image of an enthusiastic and optimistic problem solver. Interviewers aren’t interested in someone who was downtrodden or didn’t get along with the team in general.
• Answer questions directly, and include a beginning, a middle, and an end in your answer.
• Quantify your answers whenever possible. For example, if you worked in your school’s library and you are asked about this work, include the number of books you managed per day, whether it was ten, one hundred, or one thousand. It’s fine to estimate.
• Ensure your answer is tied to the bottom line. Using the library example once more, your answer could include that using the electronic checkout system decreased lost books by 75 percent.
• Focus on the question asked to help you avoid going off on tangents.
• Ask the interviewer to repeat the question if you think you have gone off on a tangent or if you didn’t quite understand the question.

Case Interviews

Case interviews are predominately used in management consulting, though they are sometimes used in a variety of fields, including financial services, healthcare, consumer products, and education. A case interview is a hypothetical business problem, or case, that the interviewee is expected to solve during the interview. The case tests a variety of the interviewee’s skills and expertise, including analysis, logic, structuring of a problem, math, accounting or economics knowledge, specific industry knowledge, communication, creativity, and ability to deliver under pressure.

Case interviews might include short questions to estimate the size of a market:

• How many teenage Americans bought hiking boots last year?
• How many Christmas trees are sold in December in California?
• How many disposable cameras are purchased in London on a single day?

The interviewer does not expect you to know the specific answer, but that you estimate a final answer based on different facts (e.g., the population of the United States). The interviewer wants you to break down this broad request into smaller steps that can be calculated to see how you structure a problem. The interviewer is also testing your basic math skills and ability to work under pressure. The following information applies to the question on hiking boots:

• The population of the United States is about 300 million people.
• It is less obvious how many of those are teenagers, so you have to estimate. If life expectancy is approximately eighty years and equal numbers in each decade (ages zero to ten, eleven to twenty, and so forth) are estimated, then there are eight buckets of ages, including a teenage bucket, so the number of people in the teenage years represents 12 to 15 percent of the total population.
• Fifteen percent of 300 million is 45 million, but not every teenager wears hiking boots and not every teenager buys boots every year.
• If you estimate that 25 percent of teenagers wear hiking boots, then teenagers who purchase hiking books number about eleven million.
• If you estimate that a typical hiker buys a new pair every other year, then about five and a half million teenagers buy hiking boots each year.

Remember that the interviewer does not expect a specific answer, but rather wants to see the process you follow to estimate the answer.

Case interviews might also be as long as thirty to forty-five minutes of broad strategy or operations questions about a detailed problem. You may be asked how to manage a hypothetical teaching situation. You may be given a hospital scenario and asked how to streamline processes. You may be given data about the company or industry involved in the question presented. You may be asked to review charts, accounting statements, or other background material, such as in the following question: The CEO of a leading national toy company is considering acquiring a popular neighborhood toy shop in Austin, Texas. How would you advise the CEO whether or not to purchase the shop?

You might then be given more information about the national toy company, or you might be expected to ask for what you need. The questions you ask are part of what the interviewer is testing because your questions reveal the types of data you think are important to assess to make the purchase decision. You are trying to assess if the neighborhood shop fits into the national company’s strategy, and, if so, whether the cost of buying and integrating the neighborhood shop will be offset by potential future revenues.

Many large consulting firms, such as McKinsey and Bain, put sample cases and solutions on their websites. Books also offer sample cases and solutions. Many schools offer case-preparation workshops via either career services or extracurricular consulting clubs. Case interviews are very different from general job interviews but are rarely used except for management consulting jobs. Therefore, don’t spend any time preparing for case interviews unless you want a management consulting job. If you do want a job in management consulting, case interview practice is absolutely necessary. You will not get hired by a consulting firm without successfully completing several case interviews.

If you are interviewing outside the consulting industry, meet with a friend who is in your chosen profession. Ask them to tell you about when they were interviewed, and ask them to interview you. This can be a tremendous learning experience and can prepare you for success, so your time will be well spent in arranging a mock interview ahead of time.

Informational Interviews

Informational interviews, by their very name, give you the opportunity to gather information about the career you think you want to pursue. The more prepared you are, the better your session will be because the best informational interviews are two-way exchanges, more like a conversation than an interrogation. Your research will allow you to share vital information with your interviewer, and you both will benefit from the time spent.

Some informational interview questions focus on the interviewer:

• How did you get involved in this job, organization, or industry?
• What do you like most about it? What has been most rewarding?
• What is most challenging? Was there anything that surprised you?
• What is a typical day, week, or month?
• What skills are most critical to have, develop, and maintain to be successful?
• What personality types are most successful?
• What do you know now that you wished you knew when you started?

2. APA & MLA:

Once you have chosen a research paper topic for your future academic masterpiece, it is necessary to choose a research paper style, which is one of the most important issues in research paper writing. Basically, various academic styles are used to meet scholar demands and requirements in terms of conducting a research activity. When it comes to university writing, every academic piece has its proper requirements in terms of formatting, which are depicted in guidelines to research papers writing. All in all, there are two most common research paper styles and a number of minor ones.

• One of the research paper styles is the APA (American Psychological Association) writing format. This style is used for writing research papers on science, psychology and other related subjects. It implies a schematic citation which allows authors to insert external information from related sources. When using this citation format, the overall writing style needs to be aligned with the APA style. The title of the project has to be written beside the page number on the top right-hand corner of each page. Also, the bibliography page needs to contain all necessary information about the original source.
• Another research paper style which you may use is the MLA (Modern Language Association style) writing format. MLA style is preferable when writing materials in Social Sciences and Humanities. This writing format has much in common with APA, but the difference lies in the pagination process. When using MLA, the author’s last name, and not the research paper title, needs to be written beside the page number. There is also a difference in the bibliography page, where entries are not directly the same with those of APA.
• Other applicable research paper styles which you may use are Harvard, Chicago and Turabian writing formats. All of them are practically the same, but have some local variants. It is necessary to mention, that every higher educational establishment has its own, so called “house”, writing format, which is based on one of the two main writing styles.

A research paper topic usually determines the writing style, which will be used in it. As it was mentioned above, science-related academic pieces are likely to be written in APA style, while social and nonscience will be carried out mostly in MLA. That is why, before choosing a writing style for your research, it is recommended to specify a subject field of a future study. A research paper writing style largely contributes to the academic value of your work. And the more correct your work is – the better.