Accenture
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I appeared for an interview in Dec 2024.
-Basic Accounting questions like simple journals , Accounting principles and concepts.
-Basic Excel tasks like questions (commonly used simple formulas ,chart preparation, pivot tables
etc,)
-Email writing.
-Simple Aptitude and Logical Reasoning questions.
Prepare well and try to attend maximum questions with better accuracy. Overall aptitude test is simple.
I am a detail-oriented professional with experience in R2R processes and a strong focus on accuracy and efficiency.
Experienced in reconciling accounts and preparing financial statements
Proficient in using accounting software such as SAP and Oracle
Strong analytical skills and ability to identify and resolve discrepancies
Excellent communication skills and ability to work effectively in a team
Bachelor's degree in Accounti
Accrual concept refers to recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.
Accrual concept is a fundamental accounting principle that states that revenues and expenses should be recognized when they are incurred, not when cash is exchanged.
This concept helps in providing a more accurate representation of a company's financial position and performance.
For example, if a compa...
Deferral accounting recognizes revenue or expenses when they are earned or incurred, while accrual accounting recognizes revenue or expenses when they are realized or incurred.
Deferral accounting involves postponing the recognition of revenue or expenses until a later period.
Accrual accounting involves recognizing revenue or expenses when they are incurred, regardless of when cash is exchanged.
Deferral accounting is co...
Accrual and deferral transactions involve recording revenues or expenses before or after they are actually earned or incurred.
Accrual transactions involve recording revenues or expenses before they are actually earned or incurred
Deferral transactions involve recording revenues or expenses after they are actually earned or incurred
Examples of accrual transactions include recognizing revenue for services provided but not...
Bank reconciliation is the process of comparing a company's records with those of the bank to ensure they match.
Gather bank statements and company records
Compare deposits, withdrawals, and fees on both sets of records
Identify and resolve any discrepancies
Adjust the company's records to match the bank's records
Prepare a bank reconciliation statement to document the process
Example: If the company recorded a deposit of $5...
Depreciation is the allocation of the cost of tangible assets over their useful life, while amortization is the allocation of the cost of intangible assets over their useful life.
Depreciation applies to tangible assets like buildings, machinery, and vehicles, while amortization applies to intangible assets like patents, copyrights, and trademarks.
Depreciation is usually calculated using methods like straight-line, doub...
Provisions are liabilities that are certain to occur, while contingencies are potential liabilities that may or may not occur.
Provisions are recognized when the amount is known with reasonable certainty, while contingencies are disclosed in the financial statements as a footnote.
Provisions are measured at the best estimate of the amount required to settle the obligation, while contingencies are disclosed if the outcome...
I applied via Referral and was interviewed in Feb 2024. There were 3 interview rounds.
Amortization is the process of spreading out the cost of an intangible asset over its useful life.
Amortization is commonly used for assets like patents, copyrights, and trademarks.
It helps match the expense of the asset with the revenue it generates.
The amortization expense is recorded on the income statement over time.
It is similar to depreciation for tangible assets like buildings and equipment.
Accrual is the process of recognizing expenses and revenues before they are actually paid or received.
Accrual accounting matches expenses to the revenue they generate, rather than when the cash is actually exchanged.
Accruals are necessary to ensure that financial statements accurately reflect the financial position of a company.
Examples of accruals include accrued interest, accrued salaries, and accrued taxes.
Accruals ...
Depreciation is the allocation of the cost of a tangible asset over its useful life.
Depreciation is a non-cash expense that reduces the value of an asset over time.
It reflects the wear and tear, obsolescence, or decrease in value of an asset.
Common methods of calculating depreciation include straight-line, double declining balance, and units of production.
Examples of depreciable assets include buildings, machinery, veh
Case study journal enties etc
I applied via Company Website and was interviewed in Mar 2024. There were 2 interview rounds.
Mcq based online assessment
In which there are 4 section
1. Numeric ability behavioral questions
2. Excel related
3. Situation based email writing
4 Accounting questions
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Accenture interview questions for designations
I applied via Recruitment Consulltant and was interviewed in May 2024. There were 2 interview rounds.
Communication, accounting, oriented, reasoning
Vedio question all the answers give on vedio
Get interview-ready with Top Accenture Interview Questions
It was easy and manageable.
I applied via Recruitment Consulltant and was interviewed in Apr 2023. There were 2 interview rounds.
Inter company transactions are recorded using journal entries.
Inter company transactions involve two or more entities within the same organization.
The journal entry for inter company transactions includes a debit and credit entry.
The debit entry is made in the receiving company's account and the credit entry is made in the giving company's account.
For example, if Company A sells goods to Company B, the journal entry wo...
Accounting principles are applied in the preparation of financial statements to ensure accuracy and compliance with regulations.
The principles of accounting include the matching principle, revenue recognition principle, and the cost principle.
Financial statements must be prepared in accordance with Generally Accepted Accounting Principles (GAAP).
The balance sheet, income statement, and cash flow statement are the three...
Accrual concept refers to the recognition of revenue and expenses in the financial statements before the actual cash transaction takes place.
Accrual concept is based on the matching principle, which states that expenses should be recognized in the same period as the revenue they helped generate.
This means that revenue and expenses are recorded in the financial statements when they are earned or incurred, regardless of ...
I applied via Recruitment Consulltant and was interviewed in Oct 2023. There was 1 interview round.
I applied via Company Website and was interviewed in Jul 2023. There were 3 interview rounds.
Easy exam, time consuming, prepare well.
The duration of Accenture R2R Process Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
based on 14 interviews
2 Interview rounds
based on 2 reviews
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