Hadvanis Interview Questions and Answers

The stages of project completion include initiation, planning, execution, monitoring and controlling, and closure.

• Initiation: Defining the project's objectives, scope, and stakeholders.

• Planning: Developing a detailed project plan, including tasks, resources, and timelines.

• Execution: Carrying out the project plan and completing the deliverables.

• Monitoring and Controlling: Tracking progress, managing risks, and making necessary adjustments.

• Closure: Finalizing all project activi...read more

The number of documents required for a Business Analyst varies depending on the project and organization.

• The number of documents required for a Business Analyst can range from a few to several dozen, depending on the complexity of the project.

• Common documents for a Business Analyst include requirements documents, business process diagrams, use cases, functional specifications, and test plans.

• The number of documents may also depend on the industry and regulatory requirements. ...read more

Business analyst deliverables are the outputs produced as a result of their analysis and research to support decision-making and improve business processes.

• Creating business requirements documents (BRDs)

• Developing functional specifications

• Conducting gap analysis

• Preparing process maps and workflows

• Providing recommendations for process improvements

• Facilitating communication between stakeholders

• Conducting cost-benefit analysis

• Creating project plans and timelines

Cash book records all cash transactions, while BRS reconciles bank statement with cash book.

• Cash book records all cash receipts and payments made by the company.

• BRS (Bank Reconciliation Statement) is prepared to reconcile the bank statement with the cash book.

• Discrepancies between the cash book and bank statement are identified and resolved through BRS.

• Cash book is maintained by the company, while BRS is prepared by the accountant to ensure accuracy.

• Example: If a check issued...read more

Rules of accounting are principles and guidelines that companies must follow when preparing financial statements.

• Accounting equation must always be in balance: Assets = Liabilities + Equity

• Revenue recognition principle: Revenue should be recorded when it is earned, not when cash is received

• Matching principle: Expenses should be recorded in the same period as the revenue they helped generate

• Conservatism principle: When in doubt, choose the option that will result in lower prof...read more