TestOrigen Interview Questions and Answers

Changes from AS to IND-AS in IND-AS 116

• AS 19 and IND-AS 116 are similar but IND-AS 116 has some changes

• AS 19 allowed two methods of accounting for leases, while IND-AS 116 only allows one

• IND-AS 116 requires lessees to recognize all leases on their balance sheet

• IND-AS 116 requires lessors to classify leases as either operating or finance leases

• IND-AS 116 requires additional disclosures in the financial statements

I have worked on a complex SAP implementation project for a multinational corporation.

• Implemented multiple modules including Finance, HR, and Supply Chain Management

• Customized workflows and reports to meet specific business requirements

• Integrated SAP with third-party systems for seamless data exchange

Yes, I have used SAP extensively in my previous roles as a consultant.

• I have experience in implementing and configuring various SAP modules such as FI/CO, MM, SD, and PP.

• I have also worked on SAP upgrades and migrations.

• I am familiar with SAP best practices and have provided recommendations to clients based on their business requirements.

• One of my recent projects involved implementing SAP S/4HANA for a manufacturing client.

• I have also worked with other ERP systems such as Ora...read more

SAP is a software company that provides enterprise resource planning (ERP) solutions to businesses.

• SAP stands for Systems, Applications, and Products in Data Processing

• It offers a range of software solutions for various business functions such as finance, logistics, and human resources

• SAP ERP is a popular solution for managing business processes

• SAP also offers cloud-based solutions such as SAP S/4HANA and SAP SuccessFactors

• SAP has a large ecosystem of partners and developers ...read more

Deep insert in OData services allows creating multiple related entities in a single request.

• Use $batch request to send multiple POST requests in a single call

• Include the related entities in the request payload

• Ensure that the navigation properties are correctly set in the payload

Data can be exposed to front end through APIs, OData services, and direct database connections.

• Using APIs to retrieve data from backend systems

• Exposing data through OData services for easy consumption by front end applications

• Establishing direct database connections to access and display data on the front end

COA stands for Chart of Accounts. Shortened fiscal year is a fiscal year that is less than 12 months.

• COA is a list of all the general ledger accounts used by a company.

• It helps in organizing financial transactions and preparing financial statements.

• Shortened fiscal year is used when a company changes its fiscal year end date, resulting in a fiscal year that is less than 12 months.

• This can happen due to mergers, acquisitions, or other business reasons.