TCS Interview Questions and Answers

To save costs with limited money, focus on reducing unnecessary expenses, negotiating with vendors, optimizing processes, and increasing efficiency.

• Identify and eliminate unnecessary expenses

• Negotiate with vendors for better pricing or discounts

• Optimize processes to reduce waste and improve productivity

• Increase efficiency by streamlining operations and automating tasks

I will use statistical methods and trend analysis to forecast future financial performance based on previous years data.

• Utilize historical financial data to identify trends and patterns

• Apply statistical techniques such as regression analysis and time series analysis

• Consider external factors that may impact future performance, such as market conditions or industry trends

• Use forecasting models like moving averages or exponential smoothing to predict future outcomes

FP&A stands for Financial Planning and Analysis. It involves analyzing financial data to provide insights and recommendations for business decisions.

• FP&A involves budgeting, forecasting, and financial analysis

• Financial ratios are used to analyze financial performance and health

• Case studies are used to apply financial analysis to real-world scenarios

• FP&A helps businesses make informed decisions based on financial data

• Examples of financial ratios include current ratio, debt-to-...read more

I prioritize tasks based on urgency and importance, and use time management techniques to ensure all deadlines are met.

• I create a to-do list and prioritize tasks based on deadlines and importance

• I break down larger tasks into smaller, manageable ones

• I use time management techniques such as the Pomodoro technique to stay focused and productive

• I communicate with stakeholders to manage expectations and ensure deadlines are realistic

• I regularly review my progress and adjust my pl...read more

SUMIF is used to sum values based on a single criteria, while COUNTIF is used to count values based on a single criteria.

• SUMIF is used to sum values in a range that meet a certain criteria.

• COUNTIF is used to count the number of cells in a range that meet a certain criteria.

• Example: =SUMIF(A1:A10, ">10") will sum all values in the range A1:A10 that are greater than 10.

• Example: =COUNTIF(B1:B10, "=Red") will count the number of cells in the range B1:B10 that contain the value 'R...read more

Forecast is a prediction of future financial outcomes, while budget is a plan for managing financial resources.

• Forecast is an estimate of future financial performance based on current trends and data.

• Budget is a detailed financial plan for a specific period, outlining expected revenues and expenses.

• Forecasting helps in setting realistic financial goals, while budgeting helps in allocating resources efficiently.

• Forecasts are usually updated regularly based on new information, ...read more