Accenture Interview Questions, Process, and Tips

Q1. How many variance in sap?
Ans. 
The number of variances in SAP can vary depending on the specific processes and transactions being analyzed.
• The number of variances in SAP can be influenced by factors such as data entry errors, system glitches, or discrepancies in invoice processing.

• Variances in SAP may be identified through reconciliation processes, exception reports, or manual reviews of accounts payable transactions.

• Examples of variances in SAP inc...read more
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Q2. We cac explain the all accounts receivable and accounts payable
Ans. 
Accounts receivable and accounts payable are two important aspects of a company's financial operations.
• Accounts receivable refers to money owed to a company by its customers for goods or services provided.

• Accounts payable refers to money owed by a company to its suppliers or vendors for goods or services received.

• Accounts receivable is an asset on the balance sheet, while accounts payable is a liability.

• Managing accoun...read more
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Q3. What is the cost element and cost center?
Ans. 
Cost element and cost center are key concepts in accounting for tracking and allocating costs within an organization.
• Cost element refers to the specific types of costs incurred by an organization, such as materials, labor, or overhead.

• Cost center is a specific department, team, or function within an organization that is responsible for incurring costs.

• Cost elements are assigned to cost centers to track and allocate cos...read more
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Q4. How many we have currencies in sap?
Ans. 
SAP supports over 160 currencies worldwide.
• SAP supports over 160 currencies for global transactions.

• Currencies can be configured in SAP using transaction code OB22.

• Each currency is assigned a unique currency code (e.g. USD for US Dollar, EUR for Euro).
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Q5. How many types of projects
Ans. 
There are various types of projects, including internal projects, external projects, research projects, and development projects.
• Internal projects focus on improving processes within the organization.

• External projects involve working with external partners or clients.

• Research projects aim to gather data and analyze findings.

• Development projects focus on creating new products or services.

• Examples: IT system implementati...read more
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Aptitude test consists 2 section first section is of of Logical reasoning , Verbal reasoning and Analytical Reasoning
and next section is of technical mcqs MS office , cloud , networking and security , Pseudo code related mcqs

After that there were

Q1. Tests our reading skills
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Q2. Test our speaking skill
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Q1. Tell me about yourself
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Q2. What was the difficult subject for you in your curriculum and how you did overcome it ?
Ans. 
Data Structures and Algorithms was the most difficult subject for me in my curriculum.
• I struggled with understanding complex data structures like graphs and trees.

• I overcame this by seeking help from professors, classmates, and online resources.

• I practiced solving problems regularly on platforms like LeetCode and HackerRank.

• I also joined study groups to discuss and work on challenging problems together.
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Q3. Explain in the brief about your Semester project including tech stack
Ans. 
Developed a web application for managing student records using HTML, CSS, JavaScript, and PHP
• Used HTML for structuring the web pages

• Utilized CSS for styling the pages and making them visually appealing

• Implemented client-side functionality using JavaScript

• Backend logic and database management done with PHP

• Included features like student registration, course enrollment, and grade tracking
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Q4. What you do apart from curricular activities(Asking hobbies)
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-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
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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. Can you provide a self-introduction?
Ans. 
I am a detail-oriented Sourcing Analyst with a strong background in procurement and vendor management.
• Over 5 years of experience in strategic sourcing and contract negotiation

• Proficient in analyzing market trends and supplier performance

• Skilled in cost reduction strategies and supplier relationship management
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Q2. Could you provide details about your work experience?
Ans. 
I have 5 years of experience as a Sourcing Analyst in the retail industry.
• Managed vendor relationships and negotiated contracts

• Analyzed market trends and pricing to make strategic sourcing decisions

• Implemented cost-saving initiatives resulting in a 10% reduction in procurement costs

• Collaborated with cross-functional teams to ensure supply chain efficiency
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Q3. What is the P2P (Procure to Pay) cycle?
Ans. 
The P2P cycle refers to the process of procuring goods or services, receiving them, and paying for them.
• The cycle starts with identifying the need for a product or service and creating a purchase requisition.

• Next, the purchase requisition is approved and converted into a purchase order.

• The supplier delivers the goods or services, which are then received and inspected by the buyer.

• Once the goods/services are accepted, a...read more
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Q1. Can you provide a self-introduction?
Ans. 
I am a detail-oriented Sourcing Analyst with a strong background in procurement and supplier management.
• Experienced in analyzing supplier performance and negotiating contracts

• Skilled in identifying cost-saving opportunities and improving supply chain efficiency

• Proficient in using sourcing tools and software such as SAP Ariba

• Strong communication and interpersonal skills for building relationships with suppliers
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Q1. Salary expectation
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Q1. Circular wait Ans A circular chain with two or more processes, each one waiting for a resource held by the next process within the chain
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Q2. Hold and wait Ans A process must be holding at least one resource while waiting to acquire additional resources held by other process holding them
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Q1. The phrase 'lavish with his hospitality' in the third sentence of the first paragraph means Ans Extravagance in entertaining guest
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Q2. What is an Accenture coding Test Ans The Accenture coding Test but not like the one in the first stage,its much lengthier and more comprehensive.
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Q1. Asked question regarding basics of accounting and finance.
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Q2. What is debit note and credit note.
Ans. 
Debit note is a document issued by a buyer to a seller to request a credit for overpayment or return of goods. Credit note is a document issued by a seller to a buyer to reduce the amount owed due to overpayment or return of goods.
• Debit note is issued by the buyer to request a credit from the seller.

• Credit note is issued by the seller to reduce the amount owed by the buyer.

• Debit note is used when there is an overpaymen...read more
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Q3. What is the matching principles
Ans. 
Matching principle is an accounting concept that requires expenses to be matched with revenues in the period they are incurred.
• Expenses should be recorded in the same period as the revenues they helped generate.

• It ensures accurate financial reporting by showing the true cost of generating revenue.

• Example: If a company sells products in January, the cost of goods sold for those products should also be recorded in Januar...read more
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Q4. What do you understand by sublegder
Ans. 
A subledger is a detailed record of transactions that feed into the general ledger.
• Subledgers provide more detailed information on specific accounts or categories.

• They help in tracking individual transactions before they are summarized in the general ledger.

• Examples include accounts receivable subledger, accounts payable subledger, and inventory subledger.
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Q5. What is the bank reconciliation statement
Ans. 
Bank reconciliation statement is a document that compares the bank's records with the company's records of its bank account.
• It is used to ensure the accuracy of the company's financial records.

• It lists out any discrepancies between the two sets of records, such as outstanding checks or deposits in transit.

• The goal is to reconcile the balance per the company's records with the balance per the bank's records.

• It helps in ...read more
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Q1. What is a polymorphism?
Ans. 
Polymorphism is the ability of a single function or method to operate on different data types.
• Allows objects of different classes to be treated as objects of a common superclass.

• Can be achieved through method overloading or method overriding.

• Example: Animal class with methods eat() and sleep(), and subclasses like Dog and Cat that override these methods.
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Q2. Can you explain difference between == and euqals()?
Ans. 
The == operator checks for equality of values, while the equals() method checks for equality of objects.
• The == operator compares the values of two objects, while the equals() method compares the objects themselves.

• The == operator is used for primitive data types, while the equals() method is used for objects.

• Example: int a = 5; int b = 5; a == b will return true, but a.equals(b) will not work as int is a primitive data
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Q3. What is dependency inversion?
Ans. 
Dependency inversion is a design principle where high-level modules should not depend on low-level modules, but both should depend on abstractions.
• High-level modules should not depend on low-level modules, both should depend on abstractions

• Abstractions should not depend on details, details should depend on abstractions

• Inversion of control containers like Spring Framework in Java implement dependency inversion
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Q4. Can you explain ACID?
Ans. 
ACID is a set of properties that guarantee database transactions are processed reliably.
• ACID stands for Atomicity, Consistency, Isolation, Durability

• Atomicity ensures that all operations in a transaction are completed successfully or none at all

• Consistency ensures that the database remains in a valid state before and after the transaction

• Isolation ensures that multiple transactions can occur concurrently without affect...read more
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Q5. Please tell me about isolation levels
Ans. 
Isolation levels in databases determine how transactions interact with each other.
• Isolation levels define the degree to which one transaction must be isolated from the effects of other transactions.

• Common isolation levels include READ UNCOMMITTED, READ COMMITTED, REPEATABLE READ, and SERIALIZABLE.

• Higher isolation levels provide more data consistency but may impact performance.

• For example, in READ COMMITTED isolation le...read more
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