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Accenture Financial Associate Interview Questions, Process, and Tips
Top Accenture Financial Associate Interview Questions and Answers
- Q1. Journal entry for cash sales?
- Q2. Journal entry for provision of bad debts?
- Q3. What is prudence concept?
Accenture Financial Associate Interview Experiences
11 interviews found
Anonymous
Selected
I applied via Naukri.com and was interviewed in Dec 2024. There was 1 interview round.
(2 Questions)
- Q1. Tell me about yourself.
- Ans.
I am a detail-oriented financial professional with a strong background in analyzing data and creating financial reports.
Experienced in financial analysis and reporting
Skilled in data analysis and interpretation
Proficient in financial modeling and forecasting
Strong attention to detail and accuracy
Excellent communication and presentation skills
- Q2. Explain your graduation.
- Ans.
I graduated with a Bachelor's degree in Finance from XYZ University.
Graduated with a Bachelor's degree in Finance
Attended XYZ University
Completed coursework in financial analysis and investment strategies
Aptitude test includes Reasoning, Excel related Questions, Email drafting
(1 Question)
- Q1. Technical Round
(1 Question)
- Q1. Technical Round
Selected
I appeared for an interview before Feb 2024.
Basic aptitude, excel and english test
(2 Questions)
- Q1. Golden rules of accounting
- Ans.
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
The golden rules include the principles of debit and credit, which are used to record transactions accurately.
Debit what comes in, credit what goes out - this means that assets increase with debits and decrease with credits.
Debit expenses and losses, credit income and gains - this ensures that expenses and los...
- Q2. What is prepaid rent (and other prepaid entries)
- Ans.
Prepaid rent is an advance payment made for rent expense before it is actually incurred.
Prepaid rent is a type of prepaid expense where rent is paid in advance before it is due.
It is recorded as an asset on the balance sheet until the rent is actually incurred.
As the rent is used up, it is recognized as an expense on the income statement.
Other examples of prepaid entries include prepaid insurance, prepaid taxes, and pr
What people are saying about Accenture
Selected
I applied via Company Website and was interviewed before Jan 2024. There were 2 interview rounds.
It was an online test that included basic accounting, analytical thinking, and English.
(1 Question)
- Q1. Interview with manager asked about some journal entries
Accenture interview questions for designations
Pravallika Vagicharla
I applied via Company Website and was interviewed in Oct 2021. There were 3 interview rounds.
80 minutes test:
20mins- Related to Accounts
20mins- Related to Excel shortcuts and functions
20mins- Reasoning
20mins- English essay typing (to test typing speed and grammar skills)
(5 Questions)
- Q1. Journal entry for cash sales?
- Ans.
Journal entry for cash sales involves debiting the cash account and crediting the sales revenue account.
Debit the cash account to reflect the increase in cash due to the sales
Credit the sales revenue account to record the revenue generated from the sales
The journal entry would typically be: Cash (debit) and Sales Revenue (credit)
- Q2. Journal entry for bad debts?
- Ans.
Journal entry for bad debts
Debit the bad debt expense account
Credit the accounts receivable account for the amount of the bad debt
If the bad debt has already been written off, credit the allowance for doubtful accounts account instead of accounts receivable
Example: Debit Bad Debt Expense for $500, Credit Accounts Receivable for $500
- Q3. Journal entry for provision of bad debts?
- Ans.
The journal entry for provision of bad debts is a debit to Bad Debt Expense and a credit to Allowance for Doubtful Accounts.
Bad Debt Expense is an expense account that represents the amount of uncollectible accounts receivable.
Allowance for Doubtful Accounts is a contra-asset account that reduces the balance of accounts receivable to its net realizable value.
The provision for bad debts is an estimate of the amount of a...
- Q4. Golden rules of Accounting?
- Ans.
The golden rules of accounting are basic principles that guide the recording of financial transactions.
The first golden rule is the Debit-credit rule, which states that for every debit entry, there must be a corresponding credit entry.
The second golden rule is the Real account rule, which states that all assets have a debit balance and all liabilities have a credit balance.
The third golden rule is the Nominal account r...
- Q5. What is prudence concept?
- Ans.
Prudence concept is the principle of exercising caution and good judgment in decision-making.
It involves taking a conservative approach to financial management
It requires considering potential risks and uncertainties before making decisions
It is important for ensuring the long-term financial stability of an organization
For example, a company may choose to hold onto excess cash reserves rather than investing them in ris
(7 Questions)
- Q1. What are your salary expectations?
- Q2. What is your family background?
- Q3. Why should we hire you?
- Q4. What are your strengths and weaknesses?
- Q5. Tell me about yourself.
- Q6. What are your hobbies?
- Q7. How do you speak so many languages?
Interview Preparation Tips
- Final Accounts
- Concepts of accounting
- Journal entries
- Excel
- English Typing
- Principles of Accounting
- Reasoning
If its related to Journal entry processing, prepare basic accounts (concepts, principles etc). If its related to inventory management processing, prepare the Accounting Standards, then if its related to intercompany, prepare cash flow statements, fund flow statements, balance sheet items (literally all basics of company accounts).
Excel shortcuts can be learnt on the day of the interview with the help of google, just type in "excel shortcuts" and you will find a whole list! (I prefer times learning for this). Learn basic shortcuts like cut, copy, paste, undo, autosum, aligning the data properly etc,. These will not just help with the test, but also prevent you from getting embarrassed in front of your colleagues/trainers at your job.
Make a habit of solving reasoning questions once a week for 2 hours, it will help not just for this particular company, but for all MNCs or PSUs or even government exams in your future. There are websites like testbook to try on.
And coming to english part, there are websites which will help you increase your typing skills you can find with a simple google search "typing test" or "typing games" to learn in a fun way. This will increase your typing speed.
Get interview-ready with Top Accenture Interview Questions
Selected
I applied via Naukri.com and was interviewed before Apr 2023. There were 2 interview rounds.
Need to give priority to quantitative aptitude
(1 Question)
- Q1. Core AML KYC related questions with Transaction Monitoring, Onboarding, Periodic review
I applied via AmbitionBox and was interviewed in Jul 2022. There were 2 interview rounds.
Python coding basic code
Interview Preparation Tips
Selected
I applied via Recruitment Consulltant and was interviewed before Oct 2022. There were 3 interview rounds.
Good process. Very smooth process of onboarding
(1 Question)
- Q1. Manager round happens ask process related questions
Duration is about 1:30 Hours and topics covered are Math Reasoning Grammar Comprehension Domain
(1 Question)
- Q1. Domain based question
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Nov 2021. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Excel and soft skills
Interview Preparation Tips
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Accenture Financial Associate Interview Process
based on 10 interviews
2 Interview rounds
- Aptitude Test Round - 1
- Aptitude Test Round - 2
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