Accentuate IT Solutions Interview Questions and Answers

Q1. What is derivative? How many types of derivatives, difference between type of derivatives and journal entries for recording it.
Ans. 
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 financi...read more
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Q2. What is financial instruments? How many types and types of financial assets and how to record them
Ans. 
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 statement...read more
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Q3. What is impairment of assets and journal entries
Ans. 
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...read more
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Q4. Case study related to Ind as 115?
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Q5. What is goodwill, how to calculate, what is negative goodwill, how to recognise in case of business combination?
Ans. 
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...read more
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Q6. What is contingent consideration in case of business combination? Lot of questions asked from Ind as 103?
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Q7. What is joint venture and associates?
Ans. 
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 comp...read more
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Q8. Difference between deferred revenue, accrual, prepaid, provision.
Ans. 
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 - ma...read more
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Q1. This round is more about discussion round.
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Q2. Ind as 116 , what was earlier and what is now, journal entries and treatment They created more confusion on ROU assets and lease liability?
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Q3. Why this role? Why do you fit for this role
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Assesses person's ability to understand and work with numerical data, graphs and mathematical concepts and measures understanding of language, including comprehension, vocabulary and reasoning through verbal concepts.

Access your ability to solve algorithmic problems, often involving data structures and require you to writing code to accomplish specific task or functions, often with focus on syntax, structure and accuracy.

Q1. What are the key differences between ArrayList and LinkdList in python?
Ans. 
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 be...read more
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Q2. You can explain the HHTP request response cycle
Ans. 
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...read more
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Q3. Write a function to determine if given string id palindrome
Ans. 
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
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Q4. How would you delete and remove duplicates from an array
Ans. 
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']
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Q5. How do you prioritize tasks when working on multiple projects
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Q6. Given a list of numbers, find the first missing positive integer
Ans. 
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
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Rating , probability

Full stack developer using the question

Java programming ,coding, array,string

Q1. Support with techical
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Q2. What is java?
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Q1. All courses using with ask questions
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Q2. What is array ? Array program in 2 dimensional
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Q3. Sir, support with string concept
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Q4. Methods, arrays,html, css
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Q1. All mixed questions
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Q1. Asked with course complete questions
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Q2. Course completed
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Q3. What is html? Html links?
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Study using questions

Q1. Whatis css?css sectors?
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Q1. Which OIC integrations patterns have u worked?
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Q2. What challenges you have faced during the OIc developments?
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