Preview Questions Financial Controller | Role Specific Skill

Question 1: How do you determine the accuracy of your forecasting model for hotel revenues?

Which action should you take?

Choose only one option

By regularly comparing forecasted revenues to actual results and adjusting the model accordingly

By relying on historical data from other hotels without further adjustments

By setting a fixed percentage variance tolerance for the forecasts

By using external sources to predict industry-wide trends and applying them to the hotel's figures

Question 2: What steps would you take if a hotel's financial reporting was found to be non-compliant with local regulations?

Which action should you take?

Choose only one option

Ignore the issue until an audit is performed and then take corrective actions

Review the discrepancies in the report and continue business as usual

Immediately address the issue by restating financials and implementing corrective actions

Delay the issue until after the tax season ends and then fix it

Question 3: How would you ensure compliance with hotel zoning regulations and local ordinances?

Which action should you take?

Choose only one option

By focusing on interior renovations and ignoring exterior zoning issues

By deferring zoning-related decisions to local authorities

By working with legal teams to ensure all operational practices meet local zoning laws

By disregarding zoning laws to prioritize hotel operations

Question 4: How do you ensure compliance with local alcohol licensing laws for a hotel with bars and restaurants?

Which action should you take?

Choose only one option

By focusing on revenue generation and ignoring legal regulations

By reducing the sale of alcohol to reduce potential legal violations

By regularly reviewing licensing requirements and training staff on responsible alcohol service

By allowing guests to bring their own alcohol to avoid the need for a license

Question 5: What is the key distinction between operating income and net income?

Which action should you take?

Choose only one option

Operating income includes only revenue from core business activities, while net income includes all sources of revenue and expenses

Operating income excludes taxes, while net income includes taxes

Operating income is calculated using direct costs, while net income uses indirect costs

Operating income is always higher than net income due to non-operating expenses

Question 6: What method would you use to forecast staffing requirements for a large resort during peak season?

Which action should you take?

Choose only one option

By maintaining a standard ratio of employees to guests regardless of season

By reducing staffing numbers to cut costs while maintaining service quality

By predicting the exact number of guests for each department and adjusting accordingly

By using historical occupancy data and applying labor cost ratios to forecast needs