Accenture Senior Operations Analyst Interview Questions, Process, and Tips

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 is used to reflect the wear and tear, obsolescence, or decrease in value of an asset.

• Common methods of depreciation include straight-line, double declining balance, and units of production.

• Example: A company purchases a delivery truck for $50,000 and expe...read more

Amortization is the process of spreading out the cost of an intangible asset over its useful life.

• Amortization is similar to depreciation, but is used for intangible assets like patents, copyrights, and trademarks.

• It helps allocate the cost of the asset over its useful life, reflecting its gradual consumption or expiration.

• Amortization expense is recorded on the income statement and reduces the asset's carrying value o...read more

A journal entry for prepayment involves recording the payment made in advance for goods or services.

• Identify the prepayment amount and the corresponding expense account

• Debit the Prepaid Expense account and credit the Cash or Bank account

• Recognize the expense over time as the goods or services are consumed

• Adjust the Prepaid Expense account and recognize the expense in the Income Statement

Yes, I am flexible to work in shifts.

• I have previous experience working in shifts and am comfortable with it.

• I understand the importance of being available during different times to support operations.

• I am willing to adjust my schedule as needed to meet the demands of the role.

RTR function refers to Record to Report function in finance, impacting financial reporting and compliance.

• RTR function involves processes related to financial reporting, compliance, and closing of accounting books.

• It includes activities such as journal entries, reconciliations, and financial statement preparation.

• The impact of RTR function is crucial for accurate financial reporting, compliance with regulations, and de...read more

Journal entry for Assets sold on profit

• Debit the Cash account for the amount received from the sale

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

• Credit the Gain on Sale of Assets account for the profit made

• Ensure the total debits equal the total credits in the journal entry

Yes, I am ready to work night shifts as required for the Ops Senior Analyst role.

• I am comfortable working night shifts and understand the importance of being available during those hours.

• I have previous experience working night shifts and have proven my ability to perform well during those hours.

• I am aware of the potential challenges of working night shifts and have strategies in place to stay alert and focused.

• I am co...read more

Yes, I am open to relocating for the right opportunity.

• I am open to relocating for the right career advancement

• I have relocated for previous job opportunities

• I am willing to consider different locations for the right role