Accenture R2R Analyst Interview Questions, Process, and Tips

Record to Report (R2R) is the process of collecting, processing, and reporting financial information within an organization.

• R2R involves activities such as journal entries, reconciliations, and financial reporting.

• It helps ensure accurate and timely financial reporting for decision-making.

• Examples of R2R tasks include closing the books at the end of a financial period and preparing financial statements.

• R2R also involve...read more

Components of financial statements include income statement, balance sheet, cash flow statement, and statement of changes in equity.

• Income statement: Shows company's revenues and expenses over a period of time.

• Balance sheet: Provides a snapshot of company's assets, liabilities, and equity at a specific point in time.

• Cash flow statement: Details company's cash inflows and outflows during a period.

• Statement of changes in...read more

Accrual based accounting provides a more accurate representation of a company's financial position by matching revenues with expenses.

• Accrual accounting recognizes revenue and expenses when they are incurred, regardless of when cash is exchanged.

• It provides a more accurate depiction of a company's financial health by matching revenues with expenses in the same accounting period.

• Accrual accounting helps in better tracki...read more