Accenture
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I applied via Recruitment Consulltant and was interviewed in May 2023. There were 2 interview rounds.
Questions in aptitude were about English, Equantions and quantitive.
Reconciliation is the process of comparing two sets of records to ensure they are in agreement.
Reconciliation involves verifying and adjusting financial records to match bank statements or other sources.
It helps identify discrepancies or errors in the records.
Examples include reconciling bank statements with cash account records or matching invoices with payments received.
Reconciliation is crucial for accurate financia
Accounts payable is the amount a company owes to its suppliers or vendors for goods or services purchased on credit.
Accounts payable is a liability on the balance sheet
It represents the amount a company owes for goods or services received but not yet paid for
Accounts payable is typically recorded when an invoice is received from a supplier
It is an important part of working capital management for businesses
Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.
Accrual accounting matches revenues with expenses in the same accounting period, even if cash has not been exchanged.
Example: A company provides services to a client in December but does not receive payment until January. The revenue is recognized in December when the service is provided, not in Janua...
The period to pay for goods purchased on credit depends on the terms agreed upon with the supplier.
The payment period for goods purchased on credit is typically outlined in the credit terms agreed upon with the supplier.
Common payment periods for goods purchased on credit include 30 days, 60 days, or 90 days.
Late payments may incur penalties or interest charges, so it is important to adhere to the agreed-upon payment t
I was interviewed before Dec 2019.
There are two types of accounting entries: Debit and Credit.
Debit entries increase assets and expenses, decrease liabilities and equity.
Credit entries increase liabilities and equity, decrease assets and expenses.
Every transaction has at least one debit and one credit entry.
Double-entry accounting system is based on these two types of entries.
posted on 7 Jul 2024
I am a Senior Accountant with expertise in financial reporting and analysis.
The three golden rules of accounts are: a) Debit the receiver, credit the giver b) Debit what comes in, credit what goes out c) Debit all expenses and losses, credit all incomes and gains
These rules are the foundation of double-entry bookkeeping and ensure accuracy in financial transactions.
For example, if a company purchases inventory on credi...
I am a Senior Accountant with experience in managing financial processes and proficient in Excel.
Managed financial processes including budgeting, forecasting, and reporting
Ensured compliance with accounting standards and regulations
Collaborated with cross-functional teams to streamline processes and improve efficiency
Proficient in Excel for data analysis and reporting
Developed and implemented internal controls to mitig
I applied via Walk-in and was interviewed in Apr 2022. There was 1 interview round.
I applied via Company Website and was interviewed in Jun 2022. There was 1 interview round.
I applied via Newspaper Ad and was interviewed in May 2022. There were 4 interview rounds.
Interest and attitude test aim at measuring an individus emotional, intellectually behaviour tendencies and interest
A group discussion is a discussion between a group of individuals and based on subject
I applied via Company Website and was interviewed in Dec 2021. There was 1 interview round.
based on 15 reviews
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