Accenture Senior Consultant Interview Questions, Process, and Tips

MPLS stands for Multiprotocol Label Switching, a technique used in telecommunications networks to direct data packets along predefined paths.

• MPLS uses labels to route packets instead of IP addresses, improving network performance and efficiency.

• It operates at layer 2.5 in the OSI model, combining the speed of layer 2 switching with the flexibility of layer 3 routing.

• MPLS can be used to create virtual private networks (...read more

Pricing procedure in SAP MM is a configuration that determines the calculation of prices for materials and services.

• Pricing procedure is a set of condition types and access sequences

• It determines the sequence in which condition types are applied

• Condition types define the pricing elements such as discounts, surcharges, taxes, etc.

• Access sequences determine the source of condition records

• Pricing procedure can be customiz

Output Management in SAP MM involves managing the printing and sending of documents related to materials management processes.

• Output Management in SAP MM includes configuring and customizing output types for various documents such as purchase orders, goods receipts, and invoices.

• It involves defining output determination procedures to determine the relevant output types and their conditions.

• Output Management also includ...read more

Release Strategy in SAP MM is a process that determines the approval process for purchase requisitions and purchase orders.

• Release Strategy is used to ensure that the appropriate level of authorization is obtained before a purchase requisition or purchase order is processed.

• It involves defining release codes, release groups, and release indicators to determine the sequence and level of approvals.

• Release strategies can ...read more

ILOM stands for Integrated Lights Out Manager and is a tool used for managing and monitoring Exadata servers remotely.

• ILOM provides remote management capabilities for Exadata servers

• It allows administrators to monitor hardware components, power cycle servers, and perform diagnostics

• ILOM can be accessed through a web interface or command line interface

• It helps in troubleshooting and resolving hardware issues efficiently

Recognizing revenue involves identifying and recording income earned from the sale of goods or services.

• Revenue recognition is the process of determining when and how to record revenue in the financial statements.

• It involves following accounting principles and guidelines, such as the revenue recognition principle and matching principle.

• Revenue can be recognized when the following criteria are met: the revenue is realiz...read more

A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship.

• Key parties involved

• Terms and conditions

• Payment and delivery terms

• Termination clauses

• Confidentiality and non-disclosure agreements

• Dispute resolution mechanisms