Accenture Associate Interview Questions and Answers for Experienced

Amortization is the gradual reduction of a debt or asset's value over time through scheduled payments or depreciation.

• Amortization is commonly used for loans, where borrowers make regular payments to reduce the principal.

• For example, a mortgage is amortized over 15 or 30 years, with monthly payments covering both interest and principal.

• In accounting, amortization refers to spreading the cost of an intangible asset...read more

Accruals are accounting adjustments for revenues and expenses that have been incurred but not yet recorded in financial statements.

• Accrual accounting recognizes revenue when earned, not when received. For example, a service provided in December is recorded in December, even if payment is received in January.

• Expenses are recorded when incurred, not when paid. For instance, if a company receives a utility bill in Ja...read more

MVC is a design pattern in C# that separates application logic into three interconnected components: Model, View, and Controller.

• Model: Represents the data and business logic of the application. For example, a 'Product' class that handles product data.

• View: The user interface that displays the data. For instance, an ASP.NET Razor view that renders HTML for users.

• Controller: Manages user input and interacts with th...read more

OOPs (Object-Oriented Programming) is a programming paradigm based on the concept of objects, which can contain data and code.

• OOPs focuses on creating objects that interact with each other to solve complex problems

• Key principles include encapsulation, inheritance, polymorphism, and abstraction

• Encapsulation allows bundling data and methods that operate on the data within a single unit

• Inheritance enables a new class...read more

Effective communication skills are essential for collaboration, clarity, and building relationships in any professional setting.

• Active listening: Ensuring understanding by paraphrasing what others say. Example: 'So what you're saying is...'

• Clear articulation: Expressing ideas clearly and concisely. Example: Using bullet points in presentations.

• Non-verbal cues: Being aware of body language and facial expressions. E...read more

System refresh involves updating and restoring system data to ensure optimal performance and security.

• 1. Backup existing data: Ensure all critical data is backed up before starting the refresh process.

• 2. Assess system requirements: Check for any updates or patches needed for the operating system and applications.

• 3. Execute the refresh: Use system tools or commands to initiate the refresh process, such as 'Refresh'...read more

In the Initialization phase of SUM shadow instance is created.

• Shadow instance is created during the Initialization phase of SUM.

• It is used for testing and validation before making changes to the actual system.

• Helps in minimizing risks and ensuring smooth transition during updates.

• Example: In SAP system update management (SUM), shadow instance is created in the Initialization phase.

Interfaces in Java provide a way to achieve abstraction and multiple inheritance.

• Interfaces allow for achieving abstraction by defining a set of methods that a class must implement.

• Interfaces support multiple inheritance by allowing a class to implement multiple interfaces.

• Interfaces are used to define contracts that classes must adhere to, promoting code reusability and flexibility.

• Interfaces are commonly used in...read more