Accenture R2R Process Associate Interview Questions and Answers

-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.

Q1. Tell me About Yourself
Ans. 
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...read more
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Q2. What is an Accrual Concept
Ans. 
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...read more
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Q3. Difference between Deferral and Accrual accounting
Ans. 
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...read more
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Q4. Journal entries for Accrual and Deferral transactions
Ans. 
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...read more
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Q5. What is a Bank Reconciliation and how to process it
Ans. 
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...read more
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Q6. Difference between Depreciation and Amortization
Ans. 
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...read more
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Q7. Difference between Provisions and Contingent
Ans. 
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...read more
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Q8. Bad debts journal entries
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Q9. Other normal questions based on Resume like internships and educational qualifications and about year gap ; And also availability to WFO and to work in any shifts.
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Q1. R2R process questions
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Q2. What is amortization
Ans. 
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.
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Q3. What is accrual
Ans. 
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 ...read more
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Q4. What is depreciation
Ans. 
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...read more
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Q1. About career and salary
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Case study journal enties etc

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

Q1. Question related to... Reconciliation Sales journal entry Accrual and deferral Bank Reconciliation process Previous work related questions
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Q1. Provision and basic journal entry
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Q1. Ind as 116 related questions
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