Bain & Company Summer Intern Interview Questions and Answers

The overall plan for Informatica Installation and Upgrade involves several steps.

• Assess the current system and determine the appropriate version to upgrade to

• Ensure all prerequisites are met, including hardware and software requirements

• Back up all data and configurations before beginning the installation or upgrade process

• Install or upgrade the Informatica software

• Configure the system and test functionality

• Migrate data...read more

Articleship experience is essential for gaining practical knowledge and skills in the field of consulting.

• Articleship provides hands-on experience in real-world scenarios.

• It helps in understanding the practical application of theoretical knowledge.

• Working under experienced professionals enhances skills and knowledge.

• Articleship is a crucial step towards becoming a successful consultant.

Ind AS's are Indian Accounting Standards converged with IFRS.

• Ind AS's are applicable to certain classes of companies in India.

• They aim to bring transparency and comparability in financial reporting.

• Ind AS's have been adapted from IFRS with certain modifications.

• They cover various aspects of accounting such as revenue recognition, leases, financial instruments, etc.

To check if each FA is located severely, follow the FAR procedures.

• Refer to FAR Part 45 for definitions and identification of FAs

• Check the records of each FA to determine its location

• Ensure that the location of each FA is compliant with applicable regulations

• If any FA is found to be located severely, take appropriate corrective action