DNV GL Interview Questions and Answers

Accrual is an accounting method that recognizes revenues and expenses when they occur, regardless of cash flow.

• Accrual accounting matches income and expenses to the period they occur, not when cash is exchanged.

• For example, if a service is provided in December but paid for in January, the revenue is recorded in December.

• Accruals help provide a more accurate financial picture of a company's performance over time.

• Common ...read more

Investment banking is a financial service that helps companies raise capital and provides advisory services for mergers and acquisitions.

• Facilitates capital raising through IPOs (e.g., helping a tech startup go public).

• Advises on mergers and acquisitions (e.g., advising a company on acquiring a competitor).

• Underwrites securities to ensure companies can raise funds (e.g., issuing bonds for a corporation).

• Provides market...read more

Surface preparation standards ensure proper cleaning and treatment of surfaces before coating application.

• Surface preparation standards vary depending on the type of coating and substrate.

• Standards may include cleaning, degreasing, sanding, and priming.

• Examples of standards include SSPC-SP1 for solvent cleaning and SSPC-SP10 for abrasive blasting.

• Proper surface preparation is crucial for coating adhesion and durability...read more

Various types of damage mechanisms are inspected in API plant inspection.

• Corrosion

• Erosion

• Cracking

• Fatigue

• Brittle Fracture

• Creep

• Hydrogen Damage

• Sulfidation Corrosion

• High Temperature Hydrogen Attack

• Stress Corrosion Cracking

• Microbiologically Induced Corrosion