Accenture Solution Private Ltd. - Company Interview Questions

Role: CFM (Client Financial Management) Analyst

CTC for Company: 10,68,004 (approx.) CTC will vary depending on location of job placement.

Accenture Interview Questions:

• What is Deferred Revenue?
• What is the difference between forecasting and Budgeting?
• What is Bank Reconciliation?
• How is the Cost sheet prepared?
• What is Bank Reconciliation?
• How Cost sheet is prepared?
• Ind AS 116 exception of lease accounting?
• Accrued Expenses and Prepaid expenses?
• How revenue recognised?
• How is Revenue recognition done in case of e-commerce?
• Tell me something about your Articleship experience.
• How you did test of control?
• What do you know about Accenture?
• Major observation during audit and how you overcame?
• What is your expected salary?
• Have you led any team? What was your role as a team leader?
• Are you ready to relocate?
• Tell me about your family?
• Do you have any offer in hand?
• Do you have any questions for us?

Job Description: CFM (Client Financial Management) Is Part Of Accenture Operations Responsible For Delivering Business Advisory Services To Accenture Client Teams Throughout The Lifecycle Of A Contract. Our Professionals Are Accountable For Driving Financial Health And Improved Business Results By Providing Analysis And Advice To Internal Accenture Client Leads.

CFM's Primary Corporate Finance Activities Include Accurate Forecasting And Reporting, Cash Flow Optimization, And Financial Analysis.

As A Client Financial Management Analyst, You Might Spend Your Day:

• Participating In The New Business Process Through Deal Shaping And The Development Of Opportunity Pricing.
• Diagnosing Financial Drivers And Leveraging Analytics To Make Recommendations To Key Stakeholders
• Recommending And Implementing Business Changes To Leverage Emerging Technologies And Enable Efficiencies Across The Finance Organization.
• Diagnosing Financial Drivers And Leveraging Analytics To Make Recommendations To Key Stakeholders
• Leading Forecast Reviews With Senior Leadership And Advising On Monthly Results, Variances To Plan, And Risk Management Strategies
• Developing Innovative Solutions To Overcome Complex Revenue And Profitability Challenges
• Analyzing And Forecasting Cash Conversion Expectations To Optimize Cash Flow
• Coordinating Monthly Accruals To Drive Accurate Revenue Recognition And Expense Activity
• Executing Internal Controls And Confirming Compliance With U.S. GAAP And Accenture Finance Policies And Local Statutory Requirements
• Participating And Leading Initiatives, Focusing On Collaboration And Inclusion Within CFM And The Local Finance Community

Accenture Company Interview Preparation | Frequently Asked Questions in a Job Interview | CA ICAI Placements

What Would You Do as an Accounting Analyst?

You Will Be Aligned With Our Finance Operations Vertical And Will Be Helping Us In Determining Financial Outcomes By Collecting Operational Data/Reports, Whilst Conducting Analysis And Reconciling Transactions. The Record To Report Team Helps Clients And Organizations In Their Operational Efficiency And Balance Sheet Integrity, Cuts Time To Close And Safeguards Compliance With Regulatory Requirements. The Areas Where This Team's Expertise Lies Is In Posting Journal Entries, Preparing Balance Sheet Reconciliations, Reviewing Entries And Reconciliations, Preparing Cash Forecasting Statement, Supporting Month End Closing, Preparing Reports And Supports In Audits. The Account Reconciliation Team Focuses On General Ledger Accounting Which Contains A Summary Of Sub-Ledger Accounts. The Role Requires A Good Understanding Of P&L Accounts, Bookkeeping, Journal Entries, Voucher Entry, Trial Balance, And Month-End Reporting. The Role May Also Need Expertise Around Intercompany Reconciliations, Cut-Off Policies, Transfer Pricing Policies, Formal Confirmation Policy & Procedure, Dispute Resolution Policy & Procedure, And General Procedure. The Financial Planning & Analysis, Management Reporting Team Provides Support To Our Clients In Completing The Reporting Activities To Both Internal And External Stakeholders. You Will Also Have Roles Specific To A Industry Specialization Cutting Across Finance, Sales And Other Functions.

What does Accenture looks for in a candidate?

They look for Individuals Who Have The Following Skillset:

• Adaptable And Flexible
• Strong Finance And Accounting Domain
• Hands On Accounting Experience – Posting Journals, Driving Month End Close, Preparation Of Balance Sheet
• Reconciliations, Maintain Balance Sheet Integrity
• Proficient In MS Office
• Good Communication
• Team Player
• Effectively Collaboration And Teamwork
• Ability To Solve Problems

It Would Be A Value Add If You Are Proficient In:

• In Developing Macro's
• Driving Large Scale Transformation
• Prior Experience In Setting Up New Client Engagements Roles And Responsibilities

Responsibilities Include:

• Supporting Management In Leading And Running Seamless Operations
• Responsible For Timely And Accurate Completion Of Reconciliations, Month End Close, Reduction Of Open Items.
• Your Day To Day Interactions Is With Peers Within Accenture
• You Are Likely To Have Some Interaction With Clients And/Or Accenture Management
• Self-Driven On Daily Work/Tasks
• You Will Be Expected To Be Constantly On The Lookout For Ways To Enhance Value For Your Respective Stakeholders/Clients
• Decisions That Are Made By You Will Impact Your Work And May Impact The Work Of Others
• You Would Be An Individual Contributor And/Or Oversee A Small Work Effort And/Or Team.
• Adherence To Contractual SLAs And KPIs
• Responsibility For Preparation And Posting Of Journal Entries For The Designated Business Units/Accounts.
• Ensuring Month End Close As Per Designated Schedule
• Performing Balance Sheet Reconciliations.
• Creation, And Maintenance Of Standard GL, FA, INV, Intercompany Transaction Reports To Corporate And Business Units.
• Performing Additional Adhoc Tasks On Request Of Client Teams
• First Time Right Transition Of New Processes
• Adherence To Internal Controls And Compliance
• Establish And Manage Standard Operating Procedures
• Recognized As Subject Matter Expert Within Scope Of Responsibility
• Focus On Innovation And Find Ways To Improve The Process Leading The Transformation And Improved Process Efficiencies. Deliverables (What Does Success Look Like): Noiseless Operations, Adherence To Contractual Obligations On Transformation And Efficient Operations, No Misses On Contractual Metrics. Competencies: Teamwork And Cooperation, Delivery & Results Focused, Customer Focus And Passion For Excellence, Flexible With High Level Of Integrity. Please Note This Role May Require You To Work In Rotational Shifts.