10+ Aerial Telecom Solutions Interview Questions and Answers

Goodwill is an intangible asset that represents the value of a company's reputation, brand, and customer base.

• Goodwill is calculated as the difference between the purchase price of a company and the fair market value of its net assets.

• Negative goodwill occurs when the purchase price of a company is less than the fair market value of its net assets.

• Negative goodwill is recognized as a gain in the income statement of the acquiring company.

• In case of business combination, goodwi...read more

Derivative is a financial instrument whose value is derived from an underlying asset or security.

• Types of derivatives include futures, options, swaps, and forwards.

• Futures are contracts to buy or sell an asset at a predetermined price and date.

• Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price and date.

• Swaps involve exchanging cash flows based on different financial instruments.

• Forwards are similar to futures, but are cu...read more

Financial instruments are assets that can be traded. There are two types: cash and derivative instruments.

• Cash instruments include stocks, bonds, and currencies.

• Derivative instruments include options, futures, and swaps.

• Financial assets are recorded on the balance sheet at their fair value.

• Changes in fair value are recorded in the income statement.

• Hedge accounting can be used to reduce volatility in financial statements.

Impairment of assets is the reduction in the value of a company's assets due to various reasons.

• Impairment occurs when the carrying value of an asset exceeds its recoverable amount.

• Journal entry for impairment involves debiting the impairment loss account and crediting the respective asset account.

• Impairment can occur due to physical damage, obsolescence, changes in market conditions, etc.

• Impairment testing is required annually for goodwill and intangible assets with indefini...read more

Deferred revenue is unearned income, accrual is earned but not yet received, prepaid is paid but not yet used, provision is an estimated expense.

• Deferred revenue is money received for goods or services not yet delivered

• Accrual is revenue earned but not yet received

• Prepaid is payment made for goods or services not yet received

• Provision is an estimated expense that has not yet been incurred

• Examples: Deferred revenue - magazine subscriptions, Accrual - interest income, Prepaid -...read more

ArrayList is a resizable array implementation, while LinkedList is a doubly linked list implementation in Python.

• ArrayList uses contiguous memory allocation, while LinkedList uses non-contiguous memory allocation.

• ArrayList provides fast access to elements using index, while LinkedList provides fast insertion and deletion of elements.

• ArrayList is better for storing and accessing data sequentially, while LinkedList is better for frequent insertion and deletion operations.

• Exampl...read more

Joint venture and associates are two types of business arrangements where companies collaborate and share resources.

• Joint venture is a partnership between two or more companies to undertake a specific project or business activity.

• Associates are companies in which another company holds a significant but not controlling interest.

• Joint ventures involve sharing of profits, losses, and control between the participating companies.

• Associates are accounted for using the equity method...read more

To delete and remove duplicates from an array of strings, use a set to store unique values.

• Convert the array to a set to automatically remove duplicates

• Convert the set back to a list to maintain the original order

• Example: array = ['apple', 'banana', 'apple', 'orange']

• Set(array) will result in {'apple', 'banana', 'orange'}

• List(set(array)) will give ['apple', 'banana', 'orange']

Find the first missing positive integer in a list of numbers

• Sort the list and iterate through it to find the first positive integer

• Use a set to keep track of positive integers already seen

• Return the first positive integer not in the set

Function to determine if a given string is a palindrome

• Create a function that takes a string as input

• Remove all non-alphanumeric characters and convert to lowercase

• Compare the string with its reverse to check if it is a palindrome

• Return True if it is a palindrome, False otherwise

HTTP request response cycle involves a client sending a request to a server, which processes the request and sends back a response.

• Client sends a request to a server using a specific HTTP method (GET, POST, PUT, DELETE, etc.)

• Server processes the request, performs necessary actions, and generates a response

• Server sends the response back to the client, typically including a status code (200 for success, 404 for not found, etc.) and the requested data

• Client receives the response...read more

To add missing authentication to a user, follow these steps:

• Identify the missing authentication method

• Assign the appropriate authentication method to the user

• Verify the authentication is working properly

• Update any relevant documentation or training materials

• Consider implementing additional security measures to prevent future authentication issues

The needs of IT include reliable hardware and software, cybersecurity measures, skilled professionals, and efficient communication systems.

• Reliable hardware and software to ensure smooth operations

• Cybersecurity measures to protect sensitive data and prevent cyber attacks

• Skilled professionals to develop, maintain, and troubleshoot IT systems

• Efficient communication systems for seamless collaboration and information sharing