Accenture Process Associate Interview Questions, Process, and Tips

Accruals are expenses that have been incurred but not yet paid for or revenues that have been earned but not yet received.

• Accruals are used to match expenses and revenues to the period in which they are incurred or earned, regardless of when the cash is actually exchanged.

• Accruals are recorded as adjusting entries in the financial statements to ensure that the financial statements accurately reflect the company's finan...read more

Bad debt refers to money owed by a debtor that is unlikely to be paid back, resulting in a loss for the creditor.

• Bad debt occurs when a debtor fails to make payments on a loan or credit account.

• It can also refer to debts that are written off as uncollectible by a company.

• Bad debt can negatively impact a company's financial health and profitability.

• Examples include unpaid credit card bills, defaulted loans, and overdue ...read more

Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.

• It provides a snapshot of a company's financial position

• Assets are listed on one side, liabilities and equity on the other

• The balance sheet equation is Assets = Liabilities + Shareholders' Equity

• It helps investors and analysts assess the financial health of a company

Accruals are adjustments made to financial statements to ensure that revenues and expenses are recognized in the period they are earned or incurred, regardless of when cash is exchanged.

• Accruals help in matching revenues and expenses to the period in which they are incurred, providing a more accurate representation of a company's financial position.

• Accruals are necessary for adhering to the matching principle in accoun...read more

I am a dedicated and detail-oriented individual with a strong background in data analysis and process improvement.

• I have a Bachelor's degree in Business Administration with a focus on Operations Management.

• I have experience working as a data analyst, where I improved efficiency by implementing new processes.

• I am proficient in Excel, SQL, and data visualization tools like Tableau.

• I am a quick learner and enjoy taking on...read more