30+ Accenture Business Analyst Interview Questions and Answers

Compare cosmetic products by considering ingredients, brand reputation, price, and reviews.

• Check the ingredients list for any potential allergens or irritants

• Research the brand's reputation for quality and ethical practices

• Compare prices across different retailers or online stores

• Read reviews from other customers to gauge effectiveness and satisfaction

• Consider any specific needs or preferences, such as vegan or cruelty-free options

Yes, I know programming languages.

• I am proficient in Java and Python.

• I have experience in using SQL for database management.

• I have also worked with HTML, CSS, and JavaScript for web development.

• I am familiar with Agile methodology and have used JIRA for project management.

Use cases describe the interactions between a system and its users, while user stories focus on the specific needs or requirements of the end user.

• Use cases are typically more detailed and comprehensive than user stories.

• Use cases often involve multiple steps and interactions, while user stories are usually shorter and more focused.

• Use cases are often used in the early stages of a project to capture high-level requirements, while user stories are used in Agile development to ...read more

I am familiar with various technologies such as artificial intelligence, machine learning, data analytics, and cloud computing.

• Artificial intelligence

• Machine learning

• Data analytics

• Cloud computing

Product is a physical item or service offered for sale, while product master is a centralized repository of all product information.

• Product is the actual item or service being sold to customers.

• Product master is a centralized database or repository that stores all information related to a product, such as pricing, descriptions, and specifications.

• Product master helps in maintaining consistency and accuracy of product information across different systems and channels.

• Product m...read more

The working capital situation of a company can be determined by analyzing its current assets and liabilities.

• Calculate the current ratio (current assets / current liabilities) - a ratio above 1 indicates good working capital

• Analyze the company's cash flow to see if it can meet its short-term obligations

• Compare the working capital to industry benchmarks for a better perspective

• Look at trends over time to see if the situation is improving or deteriorating

E-commerce websites are online platforms where businesses sell their products or services to customers.

• E-commerce websites allow customers to browse and purchase products or services online

• They often have features such as shopping carts, payment gateways, and customer reviews

• Examples include Amazon, eBay, and Shopify

Requirement management is the process of identifying, documenting, prioritizing, and tracking requirements throughout the project lifecycle.

• It involves gathering and analyzing requirements from stakeholders

• Prioritizing requirements based on business value and feasibility

• Documenting requirements in a clear and concise manner

• Tracking requirements throughout the project to ensure they are met

• Examples include creating a requirements traceability matrix and using agile user storie...read more

WHERE clause is used to filter rows before grouping, while HAVING clause is used to filter groups after grouping.

• WHERE clause is used with SELECT, UPDATE, DELETE statements to filter rows based on a specified condition.

• HAVING clause is used with SELECT statement to filter groups based on a specified condition.

• WHERE clause is applied before data is grouped, while HAVING clause is applied after data is grouped.

• Example: SELECT * FROM table_name WHERE column_name = 'value';

• Exampl...read more

Agile methodologies promote flexibility, collaboration, and continuous improvement in project management.

• Encourages adaptive planning and iterative development

• Enhances collaboration between cross-functional teams

• Allows for quick responses to changes in requirements

• Promotes continuous feedback and improvement

• Increases customer satisfaction by delivering value early and frequently

User story for a shopping website

• As a customer, I want to be able to add items to my cart

• Acceptance criteria: User should be able to click on 'Add to Cart' button and see the item added to their cart

• As a customer, I want to be able to view my cart and see the total price

• Acceptance criteria: User should see all items in their cart and the total price displayed correctly

I rate myself as proficient in SQL, with experience in writing complex queries and optimizing database performance.

• Proficient in writing complex SQL queries

• Experience in optimizing database performance

• Familiar with database management systems like MySQL, Oracle, and SQL Server

Non-functional requirements are criteria that specify how a system should behave, rather than what it should do.

• Non-functional requirements focus on aspects like performance, security, usability, reliability, scalability, etc.

• They are often related to the quality attributes of a system.

• Examples include response time, availability, maintainability, and compliance with regulations.

• Non-functional requirements are usually not directly related to the functionality of the system.

Business analysts use it to gather, analyze, and document business requirements.

• Use it to gather and document business requirements from stakeholders

• Analyze data to identify trends and make recommendations for improvements

• Create visualizations and reports to communicate findings to stakeholders

• Facilitate communication between business stakeholders and IT teams

• Use it to identify opportunities for process improvements and cost savings

Yes, I have performed gap analysis to identify discrepancies between current and desired states.

• I have conducted gap analysis to assess differences in processes, systems, or requirements.

• I use techniques like SWOT analysis, benchmarking, and root cause analysis to identify gaps.

• For example, I conducted a gap analysis to determine the missing features in a software system compared to user requirements.

Pricing for PL - Auto is determined based on factors such as vehicle type, age, driving history, and coverage options.

• Pricing is calculated based on the type of vehicle being insured (e.g. sedan, SUV, truck)

• The age of the vehicle and its condition can also impact the pricing

• The driver's history, including driving record and claims history, is taken into consideration

• Coverage options chosen by the policyholder, such as liability limits and deductibles, can affect the final pri...read more

Some of the latest IT trends include artificial intelligence, cloud computing, cybersecurity, and Internet of Things (IoT).

• Artificial intelligence (AI) is being used in various industries for automation and decision-making processes.

• Cloud computing allows businesses to access and store data remotely, leading to increased flexibility and scalability.

• Cybersecurity measures are becoming more advanced to protect sensitive information from cyber threats.

• Internet of Things (IoT) is...read more

Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold.

• Capital markets facilitate the buying and selling of long-term financial instruments such as stocks and bonds.

• They provide a platform for companies and governments to raise funds for various projects and initiatives.

• Investors can buy and sell securities in the capital markets to earn returns on their investments.

• Examples of capital markets include stock exchanges like NY...read more

Business analysis involves identifying business needs, defining solutions, and facilitating change within an organization.

• Analyzing business processes to identify areas for improvement

• Gathering and documenting requirements from stakeholders

• Creating business cases to justify proposed solutions

• Facilitating communication between business stakeholders and IT teams

• Evaluating the impact of proposed changes on the organization

DAX is a formula language used in Power BI for creating calculated columns and measures, while calculated columns are columns added to a table using DAX formulas.

• DAX is used for creating calculated columns and measures in Power BI

• Calculated columns are added to a table using DAX formulas

• DAX allows for more complex calculations and aggregations compared to calculated columns

Open API is a publicly available set of rules and protocols that allows different software applications to communicate with each other.

• Open API, also known as public API or external API, enables developers to access certain features or data of a software application

• It defines a set of rules and protocols that govern how different software components should interact with each other

• Open APIs are typically documented and made available to the public, allowing developers to build...read more

Data migration is the process of transferring data from one system to another.

• Data migration involves transferring data from one storage system to another, often during an upgrade or system change.

• It ensures that data is moved accurately, securely, and without loss.

• Data migration may involve transforming data to fit the new system's format or structure.

• Examples include migrating customer records from an old CRM system to a new one, or moving files from on-premises servers to ...read more

Business requirement analysis is the process of identifying, documenting, and analyzing the needs of a business in order to find solutions.

• Identifying and documenting the needs and objectives of the business

• Analyzing the current processes and systems in place

• Determining the gaps between current state and desired state

• Developing solutions to address the identified gaps

• Creating detailed documentation of the requirements for stakeholders

User cases are detailed descriptions of user interactions with the system, while user stories are brief descriptions of user requirements.

• User cases are more detailed and structured, outlining step-by-step interactions with the system.

• User stories are shorter and focus on the user's needs or requirements.

• User cases typically include preconditions, postconditions, and alternative flows.

• User stories are often written in the format: As a [user role], I want [goal] so that [reaso...read more

Agile is iterative and flexible, while waterfall is sequential and rigid.

• Agile involves continuous feedback and adaptation, while waterfall follows a linear approach.

• Agile allows for changes to be made throughout the project, while waterfall requires detailed planning upfront.

• Agile is best suited for projects with evolving requirements, while waterfall is better for projects with well-defined requirements.

• Agile promotes collaboration and communication among team members, whil...read more

The procure to pay cycle in d365 refers to the process of purchasing goods or services, receiving them, and making payments for them within the Dynamics 365 system.

• The cycle starts with creating a purchase order in d365 for the desired goods or services.

• Upon receiving the goods or services, the receipt is recorded in the system to confirm delivery.

• Invoices are then matched with the purchase order and receipt to ensure accuracy.

• Payment is processed based on the agreed terms wi...read more

P2P process stands for Procure-to-Pay process, which involves the steps from requisitioning goods/services to making payment.

• P2P process starts with a purchase requisition being created by the requester.

• The requisition is then approved by the appropriate authority.

• Once approved, a purchase order is generated and sent to the supplier.

• Goods/services are received and the supplier sends an invoice.

• The invoice is matched with the purchase order and goods receipt.

• Payment is made to...read more

Lead time is the amount of time it takes for a product to be delivered after an order is placed.

• Lead time includes processing, manufacturing, and shipping time.

• It is important for businesses to minimize lead time to improve customer satisfaction.

• For example, if a company has a lead time of 5 days, it means it takes 5 days from order placement to delivery.

A user story is a concise description of a feature told from the perspective of the end user.

• Describes the feature from the user's point of view

• Written in non-technical language

• Includes the user's goal or need

• Often follows the format: As a [type of user], I want [some goal] so that [some reason]

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk in the financial markets.

• Example: A farmer uses a futures contract to lock in the price of their crop before harvest.

• Example: An investor buys a call option to speculate on...read more

An issue is a problem or concern that needs to be addressed or resolved.

• An issue can arise from a variety of sources, such as errors in processes, miscommunication, or external factors.

• Issues can impact the success of a project or business by causing delays, increased costs, or decreased quality.

• It is important for a business analyst to identify, analyze, and propose solutions for issues to ensure smooth operations.

• Examples of issues include software bugs affecting system fun...read more

A Business Analyst (BA) analyzes business processes, identifies areas for improvement, and recommends solutions to help organizations achieve their goals.

• Gather and analyze data to understand business needs

• Identify opportunities for process improvement

• Develop and recommend solutions to enhance efficiency and effectiveness

• Collaborate with stakeholders to ensure requirements are met

• Facilitate communication between technical and non-technical teams

Option greeks are measures of an option's sensitivity to various factors such as price, time, and volatility.

• Types of option greeks include Delta, Gamma, Theta, Vega, and Rho.

• Delta measures the change in option price relative to the change in the underlying asset price.

• Gamma measures the rate of change of Delta.

• Theta measures the change in option price with respect to time decay.

• Vega measures the change in option price with respect to changes in implied volatility.

• Rho measure...read more

Capital markets are where securities like stocks and bonds are bought and sold.

• Primary market - where new securities are issued for the first time

• Secondary market - where existing securities are bought and sold among investors

• Stock market - where shares of publicly traded companies are bought and sold

• Bond market - where debt securities are bought and sold

• Commodity market - where raw materials like gold, oil, and agricultural products are traded

AI in capital markets refers to the use of artificial intelligence technologies to analyze data, make predictions, and automate trading decisions.

• AI is used in capital markets for tasks such as algorithmic trading, risk management, fraud detection, and portfolio management.

• Machine learning algorithms are used to analyze large volumes of data and identify patterns that human traders may miss.

• AI can help traders make faster and more informed decisions by processing vast amounts...read more

Power BI is a business analytics tool by Microsoft that provides interactive visualizations and business intelligence capabilities.

• Power BI allows users to connect to various data sources and create interactive reports and dashboards.

• Users can easily share and collaborate on reports with others within their organization.

• It offers a wide range of visualization options to represent data in a meaningful way.

• Power BI can be integrated with other Microsoft products like Excel and ...read more