Accenture Associate Interview Questions, Process, and Tips

KPI stands for Key Performance Indicator. It is a measurable value that demonstrates how effectively a company is achieving its key business objectives.

• KPIs are used to evaluate the success of an organization or of a particular activity in which it engages.

• They help to identify areas that require improvement and to set goals for improvement.

• KPIs can be financial or non-financial, qualitative or quantitative, and can be...read more

An account is a record of financial transactions for an individual or organization.

• Accounts are used to track income, expenses, and assets.

• They can be used for personal or business purposes.

• Examples include bank accounts, credit card accounts, and investment accounts.

Golden rules of accounts are basic principles to maintain accurate financial records.

• Maintain proper documentation of all financial transactions

• Ensure accuracy and completeness of records

• Separate personal and business finances

• Reconcile bank statements regularly

• Follow accounting standards and principles

• Maintain confidentiality of financial information

• Prepare financial statements regularly

• Ensure compliance with tax laws

Depreciation is the decrease in value of an asset over time due to wear and tear, obsolescence, or other factors.

• Depreciation is a non-cash expense that reduces the value of an asset on the balance sheet.

• It is calculated by dividing the cost of the asset by its useful life.

• There are different methods of calculating depreciation, such as straight-line, declining balance, and sum-of-the-years-digits.

• Examples of assets th...read more

A mutual fund is a type of investment vehicle made up of a pool of money collected from many investors to invest in securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of the shares increases or decreases based on the performance of the underlying securities

• Mutual funds offer diversification and convenience for investors

• Examples of mutual fund companies

BRS stands for Bank Reconciliation Statement. It is a statement that compares the bank balance as per the bank statement with the balance as per the company's books.

• BRS helps in identifying any discrepancies between the bank statement and the company's books

• It ensures that all transactions are recorded accurately and no fraudulent activities have taken place

• BRS is prepared at regular intervals, usually monthly or quart...read more