Cognizant Individual Contributor Interview Questions and Answers

Payment threshold determines bank selection. How to decide?

• Consider transaction fees and exchange rates of banks

• Analyze the frequency and volume of payments

• Evaluate the reliability and security of banks

• Consult with financial experts and stakeholders

• Create a cost-benefit analysis to determine the optimal bank for each threshold

Depreciation posting identifies posting to leading or non-leading ledger based on the configuration of the depreciation area.

• Depreciation areas are configured to post to either leading or non-leading ledger.

• Depreciation posting is done based on the configuration of the depreciation area.

• If the depreciation area is configured to post to the leading ledger, the depreciation posting will be done in the leading ledger.

• If t...read more