Accenture Senior Analyst Interview Questions, Process, and Tips

Budgeting and forecasting involve the process of planning and estimating future financial outcomes.

• Budgeting is the process of creating a detailed plan for income and expenses over a specific period.

• Forecasting involves predicting future financial performance based on historical data and market trends.

• Budgeting helps in setting financial goals, allocating resources, and monitoring financial performance.

• Forecasting assi...read more

Accruals are expenses or revenues that have been recognized but not yet paid or received.

• Accruals are a part of accrual accounting, which recognizes transactions when they occur, not when money changes hands.

• Accruals can include expenses like salaries, interest, and taxes, as well as revenues like sales and services rendered.

• Accruals are recorded as journal entries, with a corresponding debit and credit to the appropri...read more

I apply various forecasting methods depending on the data and the context of the problem.

• I use time series analysis for data with a clear trend and seasonality.

• I use regression analysis for data with multiple predictors.

• I use machine learning algorithms such as random forest and neural networks for complex data.

• I also consider qualitative factors such as expert opinions and market trends.

• I continuously evaluate and ref...read more

Types of users in SAP system include end users, power users, and administrators.

• End users: Regular users who perform day-to-day transactions in the system.

• Power users: Users with advanced knowledge who can perform more complex tasks and configurations.

• Administrators: Users responsible for managing the system, setting up security, and maintaining the system.

• Difference: End users primarily use the system for transactions...read more