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Cognizant Solutions Corp Senior Consultant Interview Questions and Answers
Cognizant Solutions Corp Senior Consultant Interview Experiences
1 interview found
Anonymous
(1 Question)
- Q1. About previous experience
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I applied via Naukri.com and was interviewed before Feb 2021. There was 1 interview round.
(2 Questions)
- Q1. What is Forgerock IDM
- Ans.
ForgeRock IDM is an identity management software that provides secure access to applications and services.
ForgeRock IDM allows organizations to manage user identities and access privileges across multiple systems and applications.
It provides a centralized platform for managing user authentication, authorization, and provisioning.
ForgeRock IDM supports various authentication protocols such as OAuth, SAML, and OpenID Con...
- Q2. How user on boarding is done
- Ans.
User onboarding is the process of introducing new users to a product or service and helping them get started.
Provide clear instructions and guidance on how to use the product or service
Offer tutorials or walkthroughs to help users understand the features and functionality
Simplify the registration process and make it easy for users to create an account
Provide support and assistance to users who encounter issues or have ...
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Jun 2021. There were 5 interview rounds.
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I applied via Naukri.com and was interviewed in Apr 2021. There were 3 interview rounds.
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1 Question
- Q1. Work Done by me, Complex requirements have Worked on, Generic questions apart from all these
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I applied via Campus Placement and was interviewed in Apr 2020. There was 1 interview round.
Interview Questionnaire
2 Questions
- Q1. Mention key Audit matters with example
- Ans.
Key audit matters are significant areas of the audit that require the most attention and have the highest risk of material misstatement.
Revenue recognition
Impairment of assets
Valuation of inventory
Going concern
Related party transactions
Taxation
Litigation and claims
Acquisitions and disposals
Pensions and other post-employment benefits
Financial instruments
Business continuity and disaster recovery
IT systems and controls
- Q2. Consequence of non deducting TDS
- Ans.
Non deduction of TDS can lead to penalties and legal consequences.
Non deduction of TDS can result in penalties and interest charges.
The taxpayer may also face legal consequences and prosecution.
The deductee may face difficulties in claiming credit for the tax deducted at source.
Non deduction of TDS can also lead to increased scrutiny from tax authorities.
For example, if an employer fails to deduct TDS on salary payment...
Interview Preparation Tips
I applied via Company Website and was interviewed in Jun 2020. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. What is Materiality, How to decide Materiality , who decide what will be the level of Materiality ?
- Ans.
Materiality is the concept of determining the significance or importance of information in financial reporting.
Materiality refers to the threshold at which information becomes relevant to users of financial statements.
It is a subjective judgment based on the nature and size of the item or error being evaluated.
Materiality is determined by considering both quantitative and qualitative factors.
Quantitative factors includ...
- Q2. AS Based questions on Revenue recognition, Inventory Valuation , Deferred Tax
- Q3. Hypothetical Situation Based question relating to Journal entries
- Q4. IND AS on Revenue recognition, Lease income
- Ans.
IND AS on Revenue recognition and Lease income
IND AS 115 governs revenue recognition
Lease income is governed by IND AS 116
Revenue recognition is based on the transfer of control
Lease income is recognized over the lease term
Both standards require significant judgement and estimation
Interview Preparation Tips
2. Listen to the Whole question first, don't interrupt in between
3. Revise your concept thoroughly before attending any interview
4. If you are not aware about any concept or have no I idea about the answer than just say Sorry Sir could not remember ( Don't try to bluff)
5. Don't fake any single line in your resume (it's the first thing interviewers notice and decides the area of questions )
6. Prepare in detail about the work experience you have mentioned in CV ( most of the question will come from there only)
7. Don't be lazy, show you are as interested for the Job as they are to hire you.
8. If they ask do you have any questions for us ( try to ask something related to the post, don't just say no)
9. If it's an online interview, take extra precautions to chose area where there is no disturbance
10. Be confident through out the Interview
11. If you didn't get the question properly , just ask the interviewer to repeat (don't assume)
I applied via Company Website and was interviewed before Jul 2021. There were 2 interview rounds.
(1 Question)
- Q1. How often are you able to handle tasks without assistance
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Nov 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. What are audit assertions?
- Ans.
Audit assertions are the claims made by management regarding the accuracy and completeness of financial statements.
Audit assertions are used by auditors to assess the risk of material misstatement in financial statements.
There are six types of audit assertions: existence, completeness, accuracy, valuation, rights and obligations, and presentation and disclosure.
For example, existence assertion refers to whether the ass...
- Q2. Then they ask me about cut off procedure, which is taken out from my previous answer?
- Ans. It means procedure applied to the accounting period to ensure that all the transaction relevant to reporting period has been recorded.for ex. Insurance premium given for next year is recorded under prepaid exp.
- Q3. What is materiality concept and they give me pen and paper to solve some practical question about AS-22 like permanent difference, temporary difference,deferred tax assets and liability
Interview Preparation Tips
I applied via Recruitment Consulltant and was interviewed before Nov 2021. There were 3 interview rounds.
Women empowerment related and checked communication level
(2 Questions)
- Q1. Overall experience and gaps in career
- Q2. Project in pervious company
Interview Preparation Tips
I applied via Indeed and was interviewed in Dec 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. Introduction, work experience, a topic to speak on, client round
Interview Preparation Tips
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Cognizant Solutions Corp Senior Consultant Interview Process
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