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Virtusa Consulting Services Financial Accountant Interview Questions and Answers

Updated 13 Sep 2022

Virtusa Consulting Services Financial Accountant Interview Experiences

1 interview found

Financial Accountant Interview Questions & Answers

user image Gopi Chand Gonuguntla

posted on 13 Sep 2022

I applied via Naukri.com and was interviewed before Sep 2021. There were 2 interview rounds.

Round 1 - Technical 

(3 Questions)

  • Q1. This Round usally taken by team reporting manager they will ask jd related questions
  • Q2. Steps in recognition revenue, Revenue entries, Month end closures
  • Ans. 

    Steps in revenue recognition, revenue entries, and month-end closures for Financial Accountant role.

    • Revenue recognition involves identifying the transaction, determining the amount of revenue to be recognized, and allocating the revenue to the appropriate period.

    • Revenue entries are recorded in the general ledger and include debiting accounts receivable and crediting revenue accounts.

    • Month-end closures involve reconcili...

  • Answered by AI
  • Q3. Deferred Revenue how you recognize the same
  • Ans. 

    Deferred revenue is recognized when the performance obligation is satisfied.

    • Deferred revenue is recognized when the performance obligation is satisfied.

    • It is recognized as revenue in the income statement.

    • It is initially recorded as a liability on the balance sheet.

    • Deferred revenue arises when a company receives payment for goods or services that have not yet been provided.

    • Examples include subscription services, prepaid

  • Answered by AI
Round 2 - Technical 

(3 Questions)

  • Q1. Techincwl round over all personal round with Vice president
  • Q2. Hiw you recognize revenue in previous company, personal stuff
  • Q3. Do you work late nights during quarter ends

Interview Preparation Tips

Topics to prepare for Virtusa Consulting Services Financial Accountant interview:
  • Accounting
  • Excel
  • Revenue Generation
Interview preparation tips for other job seekers - Focus on your past experience and current job discreiption for salary better to say industry average

Interview questions from similar companies

I applied via Walk-in and was interviewed before Apr 2021. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. What are your salary expectations?
  • Ans. 

    I expect a salary that is competitive and reflective of my skills and experience.

    • Research the average salary range for Financial Accountants in your area and industry.

    • Consider your level of experience, qualifications, and the responsibilities of the role.

    • Be prepared to negotiate and discuss benefits and bonuses as part of the overall compensation package.

  • Answered by AI
Round 2 - One-on-one 

(1 Question)

  • Q1. Accounts related questions.

Interview Preparation Tips

Interview preparation tips for other job seekers - Most of the times they will ask accounts related questions. Feel free attend the interview.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. What is the capital market?
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Technical and process knowledge and scenario questions
Round 2 - One-on-one 

(1 Question)

  • Q1. What you know about Trade Life Cycle
  • Ans. 

    Trade life cycle refers to the stages involved in a trade from initiation to settlement.

    • Trade initiation: Trade is proposed and agreed upon by parties involved.

    • Trade execution: Trade is executed on the exchange or over-the-counter market.

    • Trade confirmation: Parties confirm the details of the trade.

    • Trade settlement: Payment and transfer of securities occur to complete the trade.

    • Trade reconciliation: Any discrepancies ar

  • Answered by AI
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Basic accounting questions
Round 2 - Technical 

(1 Question)

  • Q1. Manager round about skills
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Why do we hire you
  • Q2. Self introduction and work experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident with your answer's and prepare for coss questions.

I applied via Campus Placement and was interviewed before Oct 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Basic introduction, salary expectations, etc.
Round 3 - Technical 

(4 Questions)

  • Q1. For a customer service associate, they asked conducted tests on general english writing skills as I was going to support email customers.
  • Q2. For the Finance & Accounts/R2R role, they asked questions regarding basic journal entries
  • Q3. For the R2R, they also asked regarding capitalization, so learn some basic accounting terminologies.
  • Q4. For the R2R role, they asked regarding my flexiblity as well, as the role requires working long hours, so if you want the job, just answer positively.

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't join the company. Try somewhere else. There is no bonus, literally zero bonus (I'm not kidding) and no increment. To top the long hours and less salary, the management is abusive and you cannot get to the top even if you have great skills in the role you are in.
Round 1 - Technical 

(1 Question)

  • Q1. What is the difference between EV and Equity Value
  • Ans. 

    EV includes both debt and equity while Equity Value only includes equity.

    • EV = Equity Value + Debt - Cash

    • Equity Value = Market Capitalization + Preferred Stock + Minority Interest - Cash

    • EV is used to determine the total value of a company while Equity Value only represents the value of the shareholders' equity

    • EV is often used in M&A transactions while Equity Value is used to determine a company's stock price

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Basic FP&A Concepts
Excel - navigating data models etc.
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Job Portal and was interviewed before Jul 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - Aptitude Test 

Brief about JD, Questions for accounting

Round 3 - Technical 

(1 Question)

  • Q1. JD, questions on previous experience
Round 4 - HR 

(1 Question)

  • Q1. Bonus received, last salary

Interview Questionnaire 

1 Question

  • Q1. Thank you for giving this opportunity. 😊 I would like to ask about job timing and transport facility and what will be job location and salary scale for this job..

Interview Preparation Tips

Interview preparation tips for other job seekers - The interviewer wanted to test both my knowledge and skill..

Virtusa Consulting Services Interview FAQs

How many rounds are there in Virtusa Consulting Services Financial Accountant interview?
Virtusa Consulting Services interview process usually has 2 rounds. The most common rounds in the Virtusa Consulting Services interview process are Technical.
What are the top questions asked in Virtusa Consulting Services Financial Accountant interview?

Some of the top questions asked at the Virtusa Consulting Services Financial Accountant interview -

  1. Steps in recognition revenue, Revenue entries, Month end closu...read more
  2. Deferred Revenue how you recognize the s...read more
  3. This Round usally taken by team reporting manager they will ask jd related que...read more

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Virtusa Consulting Services Financial Accountant Salary
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₹6 L/yr - ₹7.5 L/yr
14% more than the average Financial Accountant Salary in India
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