Accenture Analyst Interview Questions, Process, and Tips

Q1. Ind AS 116 leases
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Q2. Accrual entries posting
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Q1. Basic details of yours
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Q2. Current CTC expected CTC
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Q1. What is accrual, example
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Accrual is the recognition of revenue or expenses that have been earned or incurred but not yet received or paid.
• Accrual accounting records revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid

• Example of accrual is recognizing revenue when a service is provided, even if the payment is not received until a later date

• Another example is recognizing expenses when they are in...read more
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Q2. Diffrence between pre paid accrual enry
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Prepaid entry records payment before expense, while accrual entry records expense before payment.
• Prepaid entry is recorded when payment is made in advance for a future expense.

• Accrual entry is recorded when an expense has been incurred but not yet paid.

• Prepaid entry is an asset account, while accrual entry is an expense account.

• Examples of prepaid entry include prepaid rent and prepaid insurance.

• Examples of accrual ent...read more
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Q3. Whatis reconciliation.
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Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
• It involves identifying and resolving discrepancies between the two sets of records.

• Examples include bank statement reconciliation, inventory reconciliation, and account reconciliation.

• Reconciliation is important for ensuring accuracy and integrity of financial and other records.

• It can also help identify errors or fraud.

• The p
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Q4. How calculate GST payble
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GST payable can be calculated by subtracting the input tax credit from the output tax liability.
• Determine the total value of goods or services supplied

• Calculate the GST rate applicable to the goods or services

• Determine the input tax credit available

• Subtract the input tax credit from the output tax liability to get the GST payable

• File the GST return and pay the GST payable amount
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Q5. What do know about SOX
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SOX stands for Sarbanes-Oxley Act, a US federal law that sets standards for public company boards, management, and public accounting firms.
• SOX was enacted in 2002 in response to accounting scandals such as Enron and WorldCom.

• It requires companies to establish internal controls and procedures for financial reporting.

• SOX also mandates that CEOs and CFOs certify the accuracy of financial statements.

• Non-compliance with SOX...read more
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Q6. Tell me about Balance sheet errors
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Balance sheet errors refer to mistakes in reporting assets, liabilities, and equity.
• Errors can occur due to incorrect data entry, miscalculations, or misinterpretation of accounting standards.

• Examples of balance sheet errors include misclassifying expenses as assets, failing to record depreciation, and omitting liabilities.

• Balance sheet errors can have serious consequences, such as misrepresenting a company's financial...read more
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Q7. Types capitals, depreciation methods
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Q8. What is lease how many types of leases
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A lease is a contractual agreement where one party grants the use of property to another party for a specified period of time.
• There are two main types of leases: operating leases and finance leases.

• Operating leases are short-term and allow the lessee to use the asset without taking on the risks and rewards of ownership.

• Finance leases are long-term and transfer the risks and rewards of ownership to the lessee.

• Other type...read more
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Q9. What is amortization how do you calculates
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Amortization is the process of spreading out a loan into smaller, regular payments over a period of time.
• Calculate the periodic payment by dividing the total loan amount by the number of payments

• Calculate the interest portion of the payment by multiplying the outstanding balance by the interest rate

• Calculate the principal portion of the payment by subtracting the interest portion from the periodic payment

• Repeat the pro...read more
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Its online techical rounds questions from accounts and reasoning aptitude

Q1. Salary structure discussion and your acceptance
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