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Accenture Transaction Processing Associate Interview Questions and Answers

Updated 16 Apr 2025

14 Interview questions

A Transaction Processing Associate was asked 6mo ago
Q. Explain the OTC process.
Ans. 

OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.

  • OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.

  • OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.

  • Common examples of OTC instruments include s...

A Transaction Processing Associate was asked 10mo ago
Q. What do you know about the E-commerce Transaction Process?
Ans. 

E-commerce transaction process involves the online buying and selling of goods or services.

  • E-commerce transactions are conducted electronically over the internet.

  • Customers browse products online, add items to their cart, and proceed to checkout.

  • Payment is made online using various methods such as credit cards, digital wallets, or bank transfers.

  • Once payment is confirmed, the order is processed, and the product is ...

Transaction Processing Associate Interview Questions Asked at Other Companies

asked in Accenture
Q1. What key points have you noticed when processing invoices?
View answers (4)
asked in Conduent
Q2. What is the difference between a credit card and a debit card?
View answers (4)
asked in Accenture
Q3. What are the roles and responsibilities of a Transaction Monitori ... read more
View answer (1)
asked in Genpact
Q4. What is Insurance and claims? What are their types?
View answers (2)
asked in Accenture
Q5. What is net profit? What is gross profit? What is deprication?
View answer (1)
View All
A Transaction Processing Associate was asked 10mo ago
Q. What is the B2B process?
Ans. 

B2B process refers to business-to-business transactions where companies sell products or services to other companies.

  • B2B process involves transactions between two businesses rather than between a business and a consumer.

  • It often includes bulk orders, negotiated pricing, and long-term contracts.

  • Examples of B2B processes include wholesale transactions between manufacturers and retailers, or software licensing agreem...

A Transaction Processing Associate was asked 09 Mar 2024
Q. Walk me through your CV.
Ans. 

I have a strong background in transaction processing and data entry.

  • Worked as a Transaction Processing Associate at XYZ Company for 2 years

  • Proficient in using various software for data entry and processing

  • Managed large volumes of transactions accurately and efficiently

What people are saying about Accenture

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a senior site reliability engineer
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Hi Guys, One of my friends got offers from Accenture and TCS respectively and the LPA is the same as Acc matched the salary in respect to TCS offering He is confused where to join TCS or Accenture, he has an experience of 6+ yrs now and he is a Ab Initio Admin Also i heard from him that the Accenture project is Synchrony and TCS haven't revealed it yet I wanted to know how the Synchrony project in Accenture is, is it good to join or should he join TCS Someone who knows about the project has an experience with the project please help to take a decision
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A Transaction Processing Associate was asked 03 Nov 2023
Q. Are you comfortable working flexible hours?
Ans. 

Yes, I am comfortable with working flexible timings to accommodate the needs of the job.

  • I am willing to work evenings, weekends, or holidays if required

  • I can adjust my schedule to meet deadlines or handle unexpected workloads

  • I have previous experience working flexible hours in my previous job

🔥 Asked by recruiter 7 times
A Transaction Processing Associate was asked 15 Jun 2023
Q. What are the golden rules of accounting?
Ans. 

The golden rules of accounting are basic principles that guide the process of recording financial transactions.

  • Debit what comes in, credit what goes out

  • Debit the receiver, credit the giver

  • Debit expenses and losses, credit income and gains

A Transaction Processing Associate was asked 10 Sep 2022
Q. What are accruals and prepayments?
Ans. 

Accrual is the recognition of revenue or expenses that have been earned or incurred but not yet received or paid. Prepaid is the recognition of payment for goods or services that have not yet been received or used.

  • Accrual is used to match revenue and expenses to the period in which they were earned or incurred

  • Prepaid is used to recognize payment for goods or services that have not yet been received or used

  • Accrual ...

Are these interview questions helpful?
A Transaction Processing Associate was asked 26 Jan 2022
Q. What are the roles and responsibilities of a Transaction Monitoring Analyst?
Ans. 

Transaction Monitoring Analyst monitors financial transactions for potential fraud and suspicious activity.

  • Review and analyze transactions for potential fraud or suspicious activity

  • Identify and investigate any anomalies or red flags

  • Communicate findings to management and other relevant parties

  • Maintain accurate records and documentation

  • Stay up-to-date on industry regulations and best practices

  • Collaborate with other ...

A Transaction Processing Associate was asked 14 Jul 2021
Q. Briefly describe the transaction process.
Ans. 

Transaction refers to the exchange of goods, services or money between two or more parties.

  • Transactions involve a transfer of value from one party to another.

  • They can be conducted in various forms such as cash, credit card, online payment, etc.

  • Transactions can be simple or complex depending on the nature of the exchange.

  • They are recorded for future reference and analysis.

  • Examples include buying groceries, paying b...

A Transaction Processing Associate was asked 29 May 2021
Q. What key points have you noticed when processing invoices?
Ans. 

Key points to notice during invoice processing

  • Accuracy of invoice details

  • Matching invoice with purchase order and receipt

  • Checking for duplicate invoices

  • Verifying payment terms and discounts

  • Ensuring proper coding and approval

  • Identifying any discrepancies or errors

  • Maintaining proper documentation and record keeping

1 2

Accenture Transaction Processing Associate Interview Experiences

61 interviews found

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 25 Feb 2025

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

The difficulty level of the test is relatively easy.

Round 2 - One-on-one 

(3 Questions)

  • Q1. Was the one-on-one interview primarily conducted by your immediate manager, and were the questions mostly aligned with the job description provided by HR?
  • Add your answer
  • Q2. Basis genral entry.. ex purchase, sales, sales return, discount
  • Add your answer
  • Q3. Procure to Pay cycles
  • Ans. 

    Procure to Pay cycles involve the process of purchasing goods or services and paying for them.

    • Procurement: Identifying needs, selecting suppliers, negotiating contracts

    • Receiving: Receiving goods or services, verifying quality and quantity

    • Invoicing: Receiving and processing invoices for payment

    • Payment: Making payments to suppliers

    • Reconciliation: Matching invoices with purchase orders and receipts

  • Answered by AI
    Add your answer

Interview Preparation Tips

Interview preparation tips for other job seekers - Confidence is key to successfully navigating an interview.
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 26 Oct 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Explain the process for OTC
  • Ans. 

    OTC stands for Over-the-Counter, referring to the process of trading financial instruments directly between two parties without the need for a centralized exchange.

    • OTC transactions are conducted directly between buyers and sellers, without the need for a centralized exchange.

    • OTC markets are decentralized and allow for more flexibility in terms of pricing and negotiation.

    • Common examples of OTC instruments include stocks...

  • Answered by AI
    Add your answer
  • Q2. Explain the process for P2P
  • Ans. 

    P2P (Procure-to-Pay) is the process of obtaining and paying for goods and services from suppliers.

    • The process starts with identifying the need for a product or service.

    • Next, a purchase order is created and sent to the supplier.

    • Upon receiving the goods or services, an invoice is generated by the supplier.

    • The invoice is matched with the purchase order and goods receipt.

    • Finally, payment is made to the supplier.

    • Example: Co...

  • Answered by AI
    Add your answer

Skills evaluated in this interview

Anonymous

Transaction Processing Associate Interview Questions & Answers

user image riddhi phondke

posted on 16 Apr 2025

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I appeared for an interview in Mar 2025, where I was asked the following questions.

  • Q1. Tell me yourself
  • Ans. 

    Detail-oriented professional with a background in transaction processing and a passion for optimizing workflows and enhancing customer satisfaction.

    • Background in finance with a degree in Business Administration.

    • Experience in transaction processing at XYZ Corp, where I improved processing speed by 20%.

    • Strong analytical skills demonstrated by identifying and resolving discrepancies in transaction records.

    • Proficient in us...

  • Answered by AI
    Add your answer
  • Q2. Family background
  • Add your answer
  • Q3. Salary expectations
  • Add your answer
  • Q4. Why do we hire u
  • Ans. 

    I bring strong analytical skills, attention to detail, and a commitment to excellence in transaction processing.

    • Proven experience in transaction processing, having successfully managed over 1,000 transactions per week in my previous role.

    • Strong analytical skills that enable me to identify discrepancies and resolve issues efficiently, improving overall accuracy.

    • Excellent attention to detail, which has helped reduce erro...

  • Answered by AI
    Add your answer
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 4 Sep 2024

Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Naukri.com and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Tell me about yourself?
  • Ans. 

    I am a detail-oriented individual with strong analytical skills and a background in transaction processing.

    • I have a Bachelor's degree in Finance and experience working in a financial institution.

    • I am proficient in using various software and tools for transaction processing.

    • I have a keen eye for accuracy and can work efficiently under pressure.

    • I am a team player and can communicate effectively with colleagues and client...

  • Answered by AI
    Add your answer
  • Q2. What is business process outsourcing?
  • Ans. 

    Business process outsourcing is when a company contracts out specific business tasks to a third-party provider.

    • Companies outsource tasks like customer service, payroll processing, and IT services to save costs and improve efficiency.

    • Outsourcing can be done domestically or internationally, depending on the company's needs and budget.

    • Popular outsourcing destinations include India, the Philippines, and Eastern Europe.

    • Outs...

  • Answered by AI
    Add your answer
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 19 Nov 2024

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Introduction about yourself
  • Ans. 

    I am a detail-oriented individual with a background in finance and a strong interest in transaction processing.

    • I have a Bachelor's degree in Finance from XYZ University.

    • I have previous experience working as a financial analyst at ABC Company.

    • I am proficient in using Excel for data analysis and have strong attention to detail.

    • I am a quick learner and have excellent problem-solving skills.

    • I am excited about the opportuni...

  • Answered by AI
    Add your answer
  • Q2. Education background
  • Add your answer

Interview Preparation Tips

Interview preparation tips for other job seekers - Fluent in English in interview
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 24 Sep 2024

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. What is insurance ?
  • Ans. 

    Insurance is a financial product that provides protection against potential financial losses.

    • Insurance is a contract between an individual or organization and an insurance company.

    • The individual or organization pays a premium in exchange for coverage against specific risks.

    • Common types of insurance include health insurance, auto insurance, life insurance, and property insurance.

    • Insurance helps individuals and organizat...

  • Answered by AI
    Add your answer
  • Q2. Self Introduction
  • Add your answer
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 30 Sep 2024

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. Why do you want to join the company?
  • Ans. 

    I am impressed by the company's reputation for innovation and commitment to excellence.

    • I admire the company's track record of success in the industry.

    • I am excited about the opportunity to contribute to a dynamic and forward-thinking team.

    • I believe the company's values align with my own professional goals and aspirations.

  • Answered by AI
    Add your answer

Interview Preparation Tips

Interview preparation tips for other job seekers - No
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Akhil Kumar Sharma

posted on 9 Aug 2023

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
More than 8 weeks
Result
No response

I applied via Newspaper Ad and was interviewed in Jul 2023. There were 3 interview rounds.

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 - Screening 

(4 Questions)

  • Q1. Do you have energy to come to office?
  • Ans. 

    Yes, I have the energy to come to the office.

    • I am highly motivated and enthusiastic about my work.

    • I prioritize self-care and maintain a healthy lifestyle to ensure I have the energy to perform my job effectively.

    • I am punctual and reliable, ensuring I arrive at the office on time and ready to work.

    • I actively engage in activities that boost my energy levels, such as exercise and proper nutrition.

    • I have a positive mindset...

  • Answered by AI
    View 1 more answer
  • Q2. How can you wake up on the same time on weekdays?
  • Ans. 

    To wake up at the same time on weekdays, establish a consistent sleep schedule, create a bedtime routine, avoid stimulants before bed, and use an alarm clock.

    • Set a consistent sleep schedule by going to bed and waking up at the same time every day

    • Create a bedtime routine to signal your body that it's time to sleep

    • Avoid stimulants like caffeine and electronics before bed

    • Use an alarm clock or a wake-up light to ensure you...

  • Answered by AI
    View 1 more answer
  • Q3. Will be able to manage to tie your shoes?
  • Ans. 

    Yes

    • Yes, I am able to manage tying my shoes.

    • I have been tying my shoes since childhood and it is a basic skill I possess.

    • I can tie different types of knots, such as the standard bow knot or a double knot.

    • I am comfortable tying shoes with different types of laces, including round, flat, or elastic laces.

  • Answered by AI
    View 2 more answers
  • Q4. How many hairs you have on your head?
  • Ans. 

    The number of hairs on a person's head varies, but on average, it is around 100,000.

    • The number of hairs on a person's head can vary depending on factors such as genetics, age, and health.

    • On average, adults have around 100,000 hairs on their head.

    • Hair loss is a common issue that can affect the number of hairs on the head.

    • Hair color and texture can also impact the appearance of hair density.

  • Answered by AI
    View 1 more answer
Round 3 - HR 

(4 Questions)

  • Q1. How much money you need?
  • Ans. 

    The amount of money I need depends on my financial goals and expenses.

    • The amount of money I need will vary based on my short-term and long-term financial goals.

    • I will also consider my monthly expenses, such as rent, bills, and groceries.

    • Additionally, I will factor in any outstanding debts or loans that need to be paid off.

    • I may also consider saving for emergencies or unexpected expenses.

    • It is important to have a clear ...

  • Answered by AI
    View 1 more answer
  • Q2. How much money you need to buy food?
  • Ans. 

    The amount of money needed to buy food varies depending on various factors.

    • The cost of food depends on the type of food, location, and personal dietary preferences.

    • Factors such as inflation, seasonality, and availability of certain ingredients can also affect the cost.

    • Individuals with dietary restrictions or special dietary needs may require more money to buy specific food items.

    • The number of people to be fed and the f...

  • Answered by AI
    View 1 more answer
  • Q3. How much money your father needs to buy food for your family?
  • Ans. 

    This question is inappropriate and irrelevant to the job role.

    • The question is unrelated to the job of a Transaction Processing Associate.

    • It is not appropriate to ask personal financial information in an interview.

    • The focus should be on the candidate's skills and qualifications for the role.

  • Answered by AI
    View 1 more answer
  • Q4. How much money your forefathers needed to buy food for their family?
  • Ans. 

    The amount of money needed by my forefathers to buy food for their family is not available.

    • Data on the amount of money needed by my forefathers to buy food is not known.

    • Unfortunately, I don't have any information regarding the financial situation of my forefathers.

    • I cannot provide an answer as the specific details about my forefathers' expenses are not known.

  • Answered by AI
    View 1 more answer

Interview Preparation Tips

Topics to prepare for Accenture Transaction Processing Associate interview:
  • Grave uprooter
  • Kill by hope
Interview preparation tips for other job seekers - First, know who my forefathers are. The same respect I need.
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Anonymous

posted on 15 Jun 2023

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Referral and was interviewed in May 2023. There were 3 interview rounds.

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 - HR 

(3 Questions)

  • Q1. Describe yourself, future plans
  • Add your answer
  • Q2. Golden rules of accounting ?
  • Ans. 

    The golden rules of accounting are basic principles that guide the process of recording financial transactions.

    • Debit what comes in, credit what goes out

    • Debit the receiver, credit the giver

    • Debit expenses and losses, credit income and gains

  • Answered by AI
    Add your answer
  • Q3. Question about journal posting of item bought on credit with 10% discount
  • Add your answer
Round 3 - Technical 

(3 Questions)

  • Q1. Journal entry questions
  • Add your answer
  • Q2. What do you know about the company
  • Add your answer
  • Q3. Who is the financial minister, New tax regimes
  • Ans. 

    The current Finance Minister of India is Nirmala Sitharaman who introduced new tax regimes in the Union Budget 2020.

    • Nirmala Sitharaman is the Finance Minister of India.

    • She introduced new tax regimes in the Union Budget 2020.

    • The new tax regimes include optional tax slabs with reduced rates for individuals and HUFs.

  • Answered by AI
    Add your answer

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared on basic accounting knowledge and some current affairs relating to finance
Anonymous

Transaction Processing Associate Interview Questions & Answers

user image Nihal Ghosarwade

posted on 9 Mar 2024

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Sep 2023. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Walk me thru your cv that's all.
  • Ans. 

    I have a strong background in transaction processing and data entry.

    • Worked as a Transaction Processing Associate at XYZ Company for 2 years

    • Proficient in using various software for data entry and processing

    • Managed large volumes of transactions accurately and efficiently

  • Answered by AI
    Add your answer
  • Q2. Previous work experience
  • Add your answer
Anonymous
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Accenture Interview FAQs

How many rounds are there in Accenture Transaction Processing Associate interview?
Accenture interview process usually has 2-3 rounds. The most common rounds in the Accenture interview process are HR, One-on-one Round and Resume Shortlist.
How to prepare for Accenture Transaction Processing Associate interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Accenture. The most common topics and skills that interviewers at Accenture expect are Transaction Processing, Accounting, Procurement, Operations and Billing.
What are the top questions asked in Accenture Transaction Processing Associate interview?

Some of the top questions asked at the Accenture Transaction Processing Associate interview -

  1. What key points you have noticed at the time of invoice processi...read more
  2. What is the Roles and responsibilities of Transaction Monitoring Anal...read more
  3. What is net profit? What is gross profit? What is depricati...read more
What are the most common questions asked in Accenture Transaction Processing Associate HR round?

The most common HR questions asked in Accenture Transaction Processing Associate interview are -

  1. Why are you looking for a chan...read more
  2. Where do you see yourself in 5 yea...read more
  3. What are your salary expectatio...read more
How long is the Accenture Transaction Processing Associate interview process?

The duration of Accenture Transaction Processing Associate interview process can vary, but typically it takes about less than 2 weeks to complete.

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Accenture Transaction Processing Associate Salary
based on 10.1k salaries
₹0.8 L/yr - ₹8.3 L/yr
6% more than the average Transaction Processing Associate Salary in India
View more details

Accenture Transaction Processing Associate Reviews and Ratings

based on 1.3k reviews

4.0/5

Rating in categories

3.8

Skill development

3.8

Work-life balance

3.3

Salary

4.1

Job security

4.0

Company culture

3.2

Promotions

3.7

Work satisfaction

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