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Accenture Client Financial Management Analyst Interview Questions, Process, and Tips
Top Accenture Client Financial Management Analyst Interview Questions and Answers
- Q1. How to recognise revenue? 5 Steps of revenue recognition.
- Q2. What is Cash flow statement and operating cash flows ?
- Q3. Golden rules of accounting and adjustment entries like outstanding expenses, prepaid expenses etc ?
Accenture Client Financial Management Analyst Interview Experiences
7 interviews found
Client Financial Management Analyst Interview Questions & Answers
Justmagic Mag
posted on 25 Oct 2024
(3 Questions)
- Q1. Financial planning and analysis
- Q2. Budgeting and forecasting
- Q3. Journal entries
Anonymous
Selected
I applied via Naukri.com and was interviewed in Oct 2023. There were 2 interview rounds.
(7 Questions)
- Q1. Revenue recognition have how many steps and what are those ? Percentage of completion method? If contract is from jan-may value of 500k until now jan work completed value of 100k how much value you recogni...
- Q2. What is Cash flow statement and operating cash flows ?
- Ans.
Cash flow statement shows the movement of cash in and out of a business, while operating cash flows represent the cash generated from core business activities.
Cash flow statement is a financial statement that shows the inflows and outflows of cash in a business over a specific period of time.
Operating cash flows represent the cash generated from the core business activities of a company, such as sales of goods or servi...
- Q3. Golden rules of accounting and adjustment entries like outstanding expenses, prepaid expenses etc ?
- Ans.
Golden rules of accounting and adjustment entries
The golden rules of accounting are: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains
Adjustment entries are made to ensure that the financial statements accurately reflect the financial position of the company at the end of the accounting period
Examples of adjustment entries include recordi...
- Q4. Deffered tax asset and deffered tax liability?
- Ans.
Deferred tax asset and liability are balance sheet items that represent the future tax consequences of temporary differences between book and tax accounting.
Deferred tax asset arises when a company has overpaid taxes or prepaid taxes, resulting in a future tax benefit.
Deferred tax liability arises when a company has underpaid taxes or deferred taxes, resulting in a future tax obligation.
These items are recorded on the ...
- Q5. What is Budgeting and Forecasting? Explain the differences ?
- Ans.
Budgeting and forecasting are financial planning tools used to estimate future revenues and expenses.
Budgeting involves setting a financial plan for a specific period, typically based on past data and future goals.
Forecasting is the process of predicting future financial outcomes based on historical data and trends.
Budgeting focuses on allocating resources efficiently, while forecasting helps in making informed decisio...
- Q6. Introduce yourself?
- Q7. Tell what is in the job description?
(1 Question)
- Q1. Relating education qualification and package discussion.
Interview Preparation Tips
Selected
(1 Question)
- Q1. Tell me about yourself? What is budgeting and forecasting and difference between them? Impact of high inventory? Excess cash is good or bad for a company?
- Ans.
I am a Client Financial Management Analyst with expertise in budgeting, forecasting, and analyzing financial impacts.
Budgeting is the process of creating a detailed plan for the financial activities of an organization, typically for a specific period of time.
Forecasting involves predicting future financial outcomes based on historical data and trends.
Difference: Budgeting sets a financial plan for the future, while for...
(1 Question)
- Q1. Salary Expectation? Benefits information
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sahil jain
Selected
I applied via Referral and was interviewed before May 2023. There was 1 interview round.
(1 Question)
- Q1. What is accrual and deferral.
- Ans.
Accrual is recognizing revenue and expenses when they are earned or incurred, regardless of when cash is exchanged. Deferral is postponing recognition of revenue or expenses until a later period.
Accrual accounting matches revenue and expenses to the time period in which they are incurred, not when cash is exchanged.
Deferral accounting delays recognizing revenue or expenses until a future period.
Accruals and deferrals a...
Accenture interview questions for designations
Selected
I applied via Company Website and was interviewed before Aug 2022. There were 3 interview rounds.
(3 Questions)
- Q1. Difference between Forecasting, Budgeting & Planning.
- Ans.
Forecasting involves predicting future outcomes, budgeting is allocating resources based on financial goals, and planning is creating strategies to achieve those goals.
Forecasting involves predicting future trends or outcomes based on historical data and analysis.
Budgeting is the process of allocating resources (such as money, time, or manpower) based on financial goals and constraints.
Planning involves creating strate...
- Q2. How to recognise revenue? 5 Steps of revenue recognition.
- Ans.
Revenue recognition is the process of identifying and recording revenue earned in a specific period.
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue when (or as) the entity satisfies a performance obligation
- Q3. Journal entry questions
(2 Questions)
- Q1. Questions on Deferred revenue & Accrued income.
- Q2. Case studies and accounting treatment.
Get interview-ready with Top Accenture Interview Questions
I applied via Naukri.com and was interviewed before Jun 2021. There were 3 interview rounds.
Related to
1.Reasoning and mathematics
2.English comprehension
3.Financial accounting and Cost accounting
(1 Question)
- Q1. Budgeting and forecasting differences? What is Variance and it's types? Effect of higher DSO on companies growth? 2-3 Case study questions..one of them was risk of having higher inventory and closing stock...
- Ans.
The interview questions cover topics such as budgeting and forecasting, variance and its types, impact of higher DSO on growth, case studies on inventory risk, cash management, working capital ratio, operating ratio, and Accenture's involvement in various fields.
Budgeting involves creating a plan for future expenses, while forecasting predicts future financial outcomes.
Variance measures the difference between actual an...
(1 Question)
- Q1. Salary discussion, compensation plan
Interview Preparation Tips
Don't bluff and learn about company and it's financials.
I applied via Naukri.com and was interviewed before Jan 2022. There were 2 interview rounds.
(2 Questions)
- Q1. What is Aging analysis and accrual entries?
- Ans.
Aging analysis is a process of categorizing accounts receivable/payable by their due dates. Accrual entries are adjusting entries made to record revenue/expenses in the correct accounting period.
Aging analysis helps in identifying overdue payments and managing cash flow.
Accrual entries are made to ensure that revenue and expenses are recorded in the correct accounting period, even if the payment is received or made in ...
- Q2. How to recognise the revenue?
- Ans.
Revenue recognition is the process of identifying and recording revenue earned by a company.
Revenue is recognized when it is earned, not when payment is received.
Revenue is recognized when the company has fulfilled its obligations to the customer.
Revenue can be recognized at a point in time or over a period of time.
Revenue recognition is governed by accounting standards such as ASC 606 and IFRS 15.
Examples of revenue r...
Interview Preparation Tips
Interview questions from similar companies
Ushma Kumawat
(2 Questions)
- Q1. Tell me something about yourself
- Q2. 5 step models for revenue recognition
(2 Questions)
- Q1. Do you believe in IC role or team work?
- Q2. Tell me about your work experience
Rahul Beri
(2 Questions)
- Q1. Account payable?
- Q2. Difference between Profit & Revenue
Deepika.Bhat
I applied via Company Website and was interviewed in Aug 2024. There were 5 interview rounds.
About work of that company
About work of that company
(2 Questions)
- Q1. Self introduction
- Q2. My strength and weakness
(2 Questions)
- Q1. About family background
- Q2. Long term short term goal
- Ans.
My long-term goal is to become a Certified Public Accountant and eventually work my way up to a senior financial management position within a reputable company.
Obtain CPA certification within the next 3-5 years
Gain experience in financial analysis and reporting
Attend leadership development programs to enhance management skills
Work towards a promotion to a senior financial management role
(2 Questions)
- Q1. Introduction about my self
- Q2. Intrest about my self
Interview Preparation Tips
- CPS
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