Centroid IT Systems Interview Questions and Answers

I have over 10 years of experience in software engineering, leading teams and delivering complex projects in various industries.

• Led a team of 15 engineers at XYZ Corp, successfully launching a cloud-based application that increased user engagement by 30%.

• Implemented Agile methodologies, resulting in a 25% reduction in project delivery times across multiple teams.

• Developed a microservices architecture for a financial ap...read more

Cross validation is a technique used to assess the performance of a predictive model by training and testing on different subsets of the data.

• Cross validation helps in evaluating how well a model generalizes to new data.

• It involves splitting the data into multiple subsets, training the model on some subsets, and testing it on the remaining subsets.

• Common types of cross validation include k-fold cross validation and lea...read more

Future dated assets can be added to the asset model by specifying the future date of acquisition.

• Specify the future date of acquisition when adding the asset to the model.

• Ensure that the asset is not included in any calculations until the specified future date.

• Update the asset details once the future date is reached to include it in calculations and reporting.

Custom Sub Ledger Accounting can be worked on by defining custom rules and mappings for sub ledger transactions.

• Define custom rules for mapping sub ledger transactions to the appropriate accounts

• Configure accounting setups to include custom sub ledger accounting rules

• Test the custom sub ledger accounting configurations to ensure accuracy and compliance

• Monitor and review the custom sub ledger accounting processes regula...read more

External transactions can be created manually by entering transaction details in the system, or automatically through predefined rules or integrations.

• Manually creating external transactions involves entering transaction details such as amount, recipient, and purpose in the system.

• Automatic creation of external transactions can be set up through predefined rules based on certain criteria, or through integrations with o...read more

Setups for Auto Bank Reconciliation include defining bank statement formats, mapping bank transactions, and scheduling reconciliation programs.

• Define bank statement formats to match with the bank statements received

• Map bank transactions to the appropriate general ledger accounts

• Schedule reconciliation programs to automatically match transactions and reconcile differences

• Configure bank reconciliation rules to handle exc...read more

The process involves reconciling the balances between the subledger and general ledger to ensure accuracy.

• Reconcile the balances between the subledger and general ledger on a regular basis.

• Identify and resolve any discrepancies between the two ledgers.

• Ensure that all transactions in the subledger are accurately reflected in the general ledger.

• Perform necessary adjustments to ensure the balances match.

• Generate reports t...read more