Accenture Financial Analyst Interview Questions, Process, and Tips

It was mixed with general accounting; aptitude; excel & English.

Q1. JE of Prepaid expenses
Ans. 
Journal entry of prepaid expenses involves debiting Prepaid Expenses account and crediting Cash or Bank account.
• Prepaid expenses are expenses paid in advance but not yet incurred.

• Journal entry for prepaid expenses involves debiting Prepaid Expenses account and crediting Cash or Bank account.

• Example: If a company pays $1,200 for insurance coverage for the next 12 months, the journal entry would be: Debit Prepaid Insuran
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Q2. Intercompany related questions
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Q1. Regarding my previous experience
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Q1. Tell me about your self
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I am a financial analyst with expertise in financial modeling, data analysis, and risk assessment.
• I have a strong background in finance and accounting

• I am skilled in using financial software and tools such as Excel, Bloomberg, and SAP

• I have experience in conducting financial research and analyzing market trends

• I am detail-oriented and have excellent analytical skills

• I have successfully developed financial models to sup...read more
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Q2. Good afternoon Hii This is Rahini I'm from madurai but currently staying in Chennai
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Q3. I did my graduation in B.com from sourashtra college Ther are four family members and I have one elder sister
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Q4. And My are working in MDCc bank and I'm self motivated person and my short goal is to get a job in the reputed company
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Q5. In my free timeI take tuition for primary school kids and my hobbies in reading books and dance in playing chess
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Mock tests and I interested in aptitude test and my intelligent

Q1. What is Accrual concept?
Ans. 
Accrual concept is a fundamental accounting principle where revenues and expenses are recognized when they are incurred, regardless of when cash is exchanged.
• Revenue is recognized when it is earned, not necessarily when cash is received.

• Expenses are recognized when they are incurred, not necessarily when they are paid.

• Accrual accounting provides a more accurate representation of a company's financial position and perfo...read more
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Q2. Accrual expense and Accrual income should be recorded in the books of accounts for the particular period even cash is not paid or received
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Q3. How you overcome challenges in your work life?
Ans. 
I overcome challenges in my work life by staying calm, analyzing the situation, seeking advice from colleagues, and developing a strategic plan.
• Stay calm and composed when faced with challenges

• Analyze the situation to understand the root cause of the problem

• Seek advice from colleagues or mentors for different perspectives

• Develop a strategic plan to address the challenge effectively
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Q4. Explain your experience about your work challenges that you faced
Ans. 
I have faced various work challenges in my role as a Financial Analyst, including complex financial models, market volatility, and tight deadlines.
• Creating and analyzing complex financial models to support decision-making

• Navigating through market volatility and adapting strategies accordingly

• Meeting tight deadlines for financial reporting and analysis

• Handling unexpected financial issues and providing solutions

• Communica...read more
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Q5. Why you want change company?
Ans. 
Seeking new challenges, growth opportunities, and a better cultural fit.
• Looking for new challenges and opportunities for growth

• Seeking a better cultural fit with the company

• Interested in expanding my skill set and knowledge in a different environment
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Q6. Outstanding rent journal entry?
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Q7. Rent A/c Dr To outstanding rent A/c Cr
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Q8. Prepaid insurance journal entry?
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Q9. Prepaid insurance A/c Dr To Cash/Bank A/c Cr
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HR team will send you Assignment test (including reasoning,Excel test,mail writting )After Manager rounds finished.

Q1. Financial planning,
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Q2. Budgeting, Forcasting
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Q1. Tell me about yourself
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Q2. Tell about what you know on ERP
Ans. 
ERP stands for Enterprise Resource Planning, a software system that integrates various business functions to streamline processes and improve efficiency.
• ERP systems help organizations manage and automate processes such as accounting, human resources, inventory management, and customer relationship management.

• They provide a centralized database that allows different departments to access and share information in real-ti...read more
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Q1. Qualifications and certification available
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Q2. Did you understood the role
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English maths grammer

Q1. Tell me abt yourself
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