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Infosys Accountant Interview Questions and Answers
18 Interview questions
Costing accounting involves tracking, analyzing, and controlling costs associated with production and operations.
Costing accounting helps businesses determine the cost of goods sold (COGS). For example, calculating the total cost of materials and labor for a product.
It aids in budgeting and forecasting by providing insights into fixed and variable costs.
Costing methods include job order costing, process costing, a...
Profit refers to earnings after expenses, while loss indicates a deficit when expenses exceed earnings.
Profit is calculated as Revenue - Expenses. For example, if a company earns $100,000 and has $70,000 in expenses, the profit is $30,000.
Loss occurs when expenses surpass revenue. For instance, if a business has $50,000 in revenue and $60,000 in expenses, it incurs a loss of $10,000.
Gross profit is revenue minus t...
Dr (Debit) and Cr (Credit) are fundamental accounting terms used to record financial transactions.
Dr (Debit) increases assets or expenses, e.g., purchasing equipment.
Cr (Credit) increases liabilities or income, e.g., taking a loan.
In double-entry accounting, every transaction affects both Dr and Cr.
For example, if you sell a product for cash, you debit cash and credit sales revenue.
Yes, I can improve your company's business by analyzing financial data, identifying areas of improvement, and implementing cost-saving measures.
Conduct a thorough analysis of financial data to identify areas of improvement
Implement cost-saving measures such as reducing unnecessary expenses
Develop and implement a strategic financial plan to increase revenue
Provide regular financial reports to track progress and mak...
My last working company was XYZ Corporation.
Worked as an accountant for 2 years
Managed financial statements and reports
Collaborated with cross-functional teams for budget planning
Implemented cost-saving measures resulting in 10% reduction in expenses
Yes, I have technical skills in various accounting software and Microsoft Excel.
Proficient in QuickBooks and Xero accounting software
Skilled in Microsoft Excel for financial analysis and reporting
Familiar with SAP and Oracle financial systems
Experience in data migration and system implementation
Ability to troubleshoot and resolve technical issues
Infosys HR Interview Questions
Yes, there is an entry for purchase sales.
The entry for purchase sales is a double-entry accounting system.
The purchase is recorded as a debit to the inventory account and a credit to the accounts payable account.
The sale is recorded as a credit to the sales account and a debit to the accounts receivable account.
The cost of goods sold is recorded as a debit to the cost of goods sold account and a credit to the inv...
Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.
Accounting involves recording financial transactions
It includes classifying and summarizing financial data
The information is used to make business decisions
Examples of financial transactions include sales, purchases, and expenses
Accrued expenses are expenses that have been incurred but not yet paid for.
Debit the expense account for the amount of the expense
Credit the accrued liability account for the same amount
Adjust the entry when the expense is paid
Example: Journal entry for $1,000 of accrued salaries: Debit Salaries Expense $1,000, Credit Salaries Payable $1,000
The accounting job involves managing financial records, ensuring compliance, and preparing reports for decision-making.
Maintain accurate financial records: Use software like QuickBooks to track expenses and revenues.
Prepare financial statements: Create balance sheets and income statements for stakeholders.
Ensure compliance: Stay updated on tax laws and regulations to avoid penalties.
Conduct audits: Regularly revie...
Infosys Accountant Interview Experiences
41 interviews found
Shital Sarode
Selected
I applied via Walk-in and was interviewed in Oct 2024. There were 3 interview rounds.
Accounting Questions
(1 Question)
- Q1. Relocate and shift timing
(1 Question)
- Q1. Previous experience
Interview Preparation Tips
- Accounts Payable
Anonymous
Selected
- Q1. What is tha book keeping
- Q2. What is Dr cr
- Ans.
Dr (Debit) and Cr (Credit) are fundamental accounting terms used to record financial transactions.
Dr (Debit) increases assets or expenses, e.g., purchasing equipment.
Cr (Credit) increases liabilities or income, e.g., taking a loan.
In double-entry accounting, every transaction affects both Dr and Cr.
For example, if you sell a product for cash, you debit cash and credit sales revenue.
- Q3. Profit and loss diffrentes
- Ans.
Profit refers to earnings after expenses, while loss indicates a deficit when expenses exceed earnings.
Profit is calculated as Revenue - Expenses. For example, if a company earns $100,000 and has $70,000 in expenses, the profit is $30,000.
Loss occurs when expenses surpass revenue. For instance, if a business has $50,000 in revenue and $60,000 in expenses, it incurs a loss of $10,000.
Gross profit is revenue minus the co...
- Q4. What is the costing Accounting
- Ans.
Costing accounting involves tracking, analyzing, and controlling costs associated with production and operations.
Costing accounting helps businesses determine the cost of goods sold (COGS). For example, calculating the total cost of materials and labor for a product.
It aids in budgeting and forecasting by providing insights into fixed and variable costs.
Costing methods include job order costing, process costing, and ac...
- Q1. Tell me your self
- Q2. What your standard
Selected
I applied via Naukri.com and was interviewed in Mar 2024. There was 1 interview round.
(3 Questions)
- Q1. Accrual, prepaid, basic of accounting
- Q2. Background, study, yr of experience
- Q3. Trial balance, liability , asset
Interview Preparation Tips
K Jnanadivya
Selected
I appeared for an interview before Jul 2024, where I was asked the following questions.
- Q1. Tell me about yourself
- Q2. What are your strengths?
- Ans.
I possess strong analytical skills, attention to detail, and effective communication, which enhance my performance as an accountant.
Analytical Skills: I excel in analyzing financial data to identify trends and discrepancies, ensuring accurate reporting.
Attention to Detail: My meticulous nature helps me catch errors in financial statements, preventing costly mistakes.
Effective Communication: I can clearly explain comple...
- Q3. What are your salary expectations?
- Ans.
I am looking for a competitive salary that reflects my skills and experience in accounting, ideally in the range of $60,000 to $70,000.
Research industry standards: For example, accountants in my region typically earn between $55,000 and $75,000.
Consider my experience: With over 5 years in the field, I believe a salary closer to $70,000 is appropriate.
Discuss benefits: I value a comprehensive benefits package, which can...
- Q4. Why do you want this job?
- Ans.
I am eager to contribute my skills and grow professionally in a dynamic accounting environment that values accuracy and integrity.
I am passionate about numbers and enjoy analyzing financial data to help businesses make informed decisions.
This position aligns perfectly with my career goals, allowing me to utilize my expertise in financial reporting and compliance.
I admire your company's commitment to ethical practices a...
Interview Preparation Tips
Selected
I applied via Company Website and was interviewed in Jan 2024. There were 2 interview rounds.
Knowing how coding is used in accounting is important
Accountant working it Tally, GST, Advance Excel
Interview Preparation Tips
- Accounting
- Financial Accounting
- Excel
- General Accounting
- GStreamer
I applied via Approached by Company and was interviewed in Oct 2023. There were 3 interview rounds.
Based on accounting works like what are all the transactions based on a company.
We can discuss about accounting transactions like what are all the monthly incomes and expenses and what all the profit and loss for one year.
Provide an assignment based on accounting works let me complete within a week.
Interview Preparation Tips
I have a wonderful knowledge in this test
(2 Questions)
- Q1. Beautiful knowledge,I have interest in this round
- Q2. Best useful me in this round
Interview Preparation Tips
Selected
I applied via Naukri.com and was interviewed before Mar 2023. There was 1 interview round.
(1 Question)
- Q1. Accrual... prepayment
I applied via Naukri.com and was interviewed in Aug 2022. There were 2 interview rounds.
(9 Questions)
- Q1. Tell me about yourself
- Ans. My name is saniya nadim kazi. I am basically from kolhapur and i have been here in pune from last 6 months. I have completed my graduation in B. Com this year. About my family. My father is working private company, my mom is housewife, my elder sister she is married & i have younger brother he is student
- Q2. Why should I hire you
- Q3. As a fresher I interested in learn new things I think learn Therotically but i am waiting for opportunity to implement then in a practical way. You should hire to me. I will do my best.
- Q4. What is your salary expectations
- Q5. I am fresher. Salary is not my first priority. This is big platform to start my career. I also want to show my knowledge skill & gain experience, so i except considerable salary according to my ability & y...
- Q6. What is your strength
- Q7. I am honest, self motivated & hardworking girl with positive attitude. I am fast decision making in my career & my own life.
- Q8. What is your weakness
- Q9. I am straight forward & impatient. I trust people very quickly. I can't say no when someone ask for help & get nervous about talk to strangers.
Interview Preparation Tips
- Accounting
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The duration of Infosys Accountant interview process can vary, but typically it takes about less than 2 weeks to complete.
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