Accenture R2R Associate Interview Questions, Process, and Tips

Q1. Tell more about yourself
Ans. 
I am a detail-oriented professional with experience in R2R processes and a strong focus on accuracy and efficiency.
• I have a Bachelor's degree in Accounting and Finance

• I have worked in R2R processes for 3+ years

• I am proficient in using ERP systems such as SAP and Oracle

• I have strong analytical and problem-solving skills

• I am a team player and have excellent communication skills
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Q2. Why Accenture what are the services that it provides
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Accenture is a global professional services company offering a wide range of services including consulting, technology, and outsourcing.
• Accenture provides consulting services to help clients improve their performance and create value.

• They offer technology services to help clients implement innovative solutions and digital transformation.

• Accenture also provides outsourcing services to help clients optimize their operati...read more
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4 sections
Email writing excel accounting

Q1. Not completed yet pending
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Q2. Golden rules of accounts
Ans. 
Golden rules of accounts are basic principles that guide the recording of financial transactions.
• Debit what comes in, credit what goes out

• Debit the receiver, credit the giver

• Debit expenses and losses, credit income and gains
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Q3. Accounts payable
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Q4. Accounts receivable
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Q5. Bank reconciliation statement
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Q1. Reasons for charging depreciation
Ans. 
Depreciation is charged to allocate the cost of an asset over its useful life, matching expenses with revenues.
• Depreciation reflects the wear and tear on assets over time

• It helps in spreading the cost of an asset over its useful life

• Allows for matching expenses with revenues generated by the asset

• Helps in determining the true profitability of a business

• Required by accounting standards to accurately reflect the value of
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Q2. Concept of Conservatism
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Conservatism is a political and social philosophy that prioritizes tradition, stability, and gradual change over radical reform.
• Conservatism emphasizes the importance of preserving established institutions and values.

• It is skeptical of rapid societal change and advocates for incremental adjustments.

• Conservatives often prioritize individual responsibility, limited government intervention, and traditional family structur...read more
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Q3. Golden Principles of Accounting both modern and traditional
Ans. 
Golden principles of accounting refer to the basic rules and guidelines that govern the field of accounting.
• The principle of consistency: Accounting methods and procedures should be consistent from one period to another.

• The principle of materiality: Only significant information that would influence the decision-making of users should be included in financial statements.

• The principle of conservatism: When in doubt, acco...read more
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Q4. Journal entry for fixed asset sold with adjustment of gain or loss on sale of fixed asset
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Journal entry for fixed asset sold with adjustment of gain or loss on sale
• Debit the accumulated depreciation account to remove the asset's accumulated depreciation

• Debit the cash or accounts receivable account for the amount received from the sale

• Credit the fixed asset account for the original cost of the asset

• Credit the gain or loss on sale of fixed asset account for the difference between the sale price and the book v
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Q5. Accrual basis of accounting
Ans. 
Accrual basis of accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is exchanged.
• Revenue is recorded when it is earned, not necessarily when cash is received

• Expenses are recorded when they are incurred, not necessarily when they are paid

• Matches revenues with expenses in the period they occur, providing a more accurate financial picture

• Required by GAAP for most businesses
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Q6. Journal entry for accrual basis of tranasaction
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Journal entry for accrual basis of transaction
• Accrual basis recognizes revenues and expenses when they are earned or incurred, regardless of when cash is exchanged

• To record an expense on accrual basis, debit the expense account and credit the accounts payable or accrued expenses account

• To record revenue on accrual basis, debit accounts receivable and credit the revenue account

• Accrual basis ensures that financial statem...read more
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Q7. Hobbbies was asked few questions based on our resume
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It was easy communication skills, basic accounting questions, excel questions

Q1. All kind of technical questions. Eg., journal entries, Reconciliation, etc..
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Q1. Online assessment (basic accounting)
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Online test (be fast and answer appropriately)

Q1. Normal HR discussion
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