Barclays
10+ L&T Construction Interview Questions and Answers
Q1. How would you impair a CGU and asset not a part of CGU [CGU = Cash generating unit]
To impair a CGU and asset not a part of CGU, assess the recoverable amount and compare it to the carrying amount.
Determine the recoverable amount of the CGU and the asset not part of the CGU.
Compare the recoverable amount to the carrying amount of the CGU and the asset.
If the recoverable amount is lower than the carrying amount, impair the CGU and the asset.
Recognize the impairment loss in the financial statements.
Q2. What is the difference between Future and Forward Contracts.
Future contracts are standardized and traded on exchanges, while forward contracts are customized and traded over-the-counter.
Future contracts are standardized agreements to buy or sell an asset at a predetermined price and date.
Forward contracts are customized agreements between two parties to buy or sell an asset at a mutually agreed price and date.
Future contracts are traded on exchanges, providing liquidity and transparency.
Forward contracts are traded over-the-counter (O...read more
Q3. What decision by Raguram Rajan made all banks worried?
Raghuram Rajan's decision to clean up the banking system by conducting asset quality reviews made all banks worried.
Raghuram Rajan initiated asset quality reviews to identify and address non-performing assets in the banking system.
Banks were worried because this decision could potentially expose their bad loans and require them to take necessary actions.
The reviews led to increased transparency and accountability in the banking sector, but also caused concerns among banks abo...read more
Q4. What is that thing which helps you to take difficult tasks.
The thing that helps me take difficult tasks is determination and a positive mindset.
Determination: Having a strong will and persistence to overcome challenges.
Positive mindset: Maintaining an optimistic attitude and believing in my abilities.
Goal setting: Breaking down difficult tasks into smaller, manageable goals.
Time management: Prioritizing tasks and allocating time effectively.
Seeking support: Asking for help or guidance when needed.
Learning from failures: Viewing setba...read more
Q5. Do you know IFRS. Which IFRS relates to Revenue Recognition
IFRS 15 relates to Revenue Recognition in International Financial Reporting Standards (IFRS).
IFRS 15 establishes principles for recognizing revenue from contracts with customers
It outlines a five-step model for revenue recognition
Examples include sale of goods, rendering of services, and licensing of intellectual property
Q6. Imagine i have set up a SPV. Explain in detail about it.
An SPV (Special Purpose Vehicle) is a legal entity created for a specific purpose, often used in finance to isolate risk.
SPVs are commonly used in securitization transactions to pool assets and issue securities backed by those assets.
They are designed to protect investors by isolating the assets and liabilities of the SPV from the sponsoring company.
SPVs can be used for various purposes such as financing projects, managing risk, or facilitating tax planning.
They are typically...read more
Q7. What do you know about AS- Impairment of Assets
AS- Impairment of Assets is an accounting standard that deals with the recognition and measurement of impairment losses on assets.
AS- Impairment of Assets is covered under Accounting Standard (AS) 28 issued by the Institute of Chartered Accountants of India (ICAI).
It requires companies to assess the carrying amount of their assets and recognize impairment losses if the recoverable amount is less than the carrying amount.
Impairment losses are recognized in the profit and loss ...read more
Q8. Frequency of elements in array.
Count the frequency of elements in an array of strings.
Iterate through the array and use a hashmap to store the frequency of each element.
If the element is already in the hashmap, increment its count. Otherwise, add it to the hashmap with a count of 1.
Return the hashmap containing the frequencies of each element.
Q9. Cant share due to SLA
Q10. Transpose of a matrix
Transpose of a matrix is obtained by swapping rows with columns.
Transpose of a matrix can be obtained by swapping rows with columns.
The transpose of an m x n matrix will be an n x m matrix.
For example, if A = [[1, 2], [3, 4]], then the transpose of A will be [[1, 3], [2, 4]].
Q11. Explain with examples
I will explain Third Party Risk Management (TPRM) with examples.
TPRM involves assessing and managing risks associated with third-party vendors.
Examples include conducting due diligence on vendors before onboarding them.
Another example is regularly monitoring vendor performance to ensure compliance with security standards.
Implementing controls to mitigate risks associated with third-party relationships is also a key aspect of TPRM.
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