IntermediateTECHNICAL
Describe a complex month-end close you led for project accounting (including revenue recognition, WIP, and cost allocations). What tools and reconciliations did you use to ensure accuracy and timeliness?
Project Accountant
General

Sample Answer

I led month-end close for 45 active projects with mixed fixed-price and T&M contracts, shortening close from 10 to 6 days. I used ERP-integrated project modules in Oracle NetSuite, a Power BI WIP dashboard, and a control checklist automated in Excel/Power Query. For revenue I ran percentage-of-completion calculations, validated progress with field-certified percent complete reports, and reconciled to subcontractor invoices. WIP rollforwards reconciled to GL using a three-way tie: project subledger, AR, and GL. I also automated cost allocation templates for shared overhead and ran variance reports for management. Reconciliations caught a $120K prepaid amortization timing error before close; overall accuracy improved and close cycle was consistently met 100% of months thereafter.

Keywords

Tools: Oracle NetSuite, Power BI, Excel/Power Query for automationReconciliations: project subledger vs AR vs GL and percent-completion validationOutcome: reduced close from 10 to 6 days and caught $120K error