Equifax Consultant Interview Questions and Answers

Q1. Explain inter company accounting
Ans. 
Inter company accounting involves recording financial transactions between different entities within the same organization.
• Inter company accounting ensures accurate financial reporting within a group of companies.

• Transactions between entities are eliminated to avoid double counting.

• Common inter company transactions include sales, purchases, loans, and transfers of assets.

• Inter company accounts are used to track these t...read more
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Q2. Foreign Currency Revaluation
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Q1. Explain the process you follow for support project
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Q2. How do you manage a team
Ans. 
I manage a team by setting clear goals, providing support and resources, fostering open communication, and recognizing achievements.
• Set clear goals and expectations for team members

• Provide necessary support and resources for team to succeed

• Foster open communication and encourage collaboration

• Recognize and reward team achievements

• Delegate tasks effectively based on team members' strengths and skills
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Q1. What Is difference between SAP ERP AND S/4 HANA
Ans. 
SAP ERP is the traditional enterprise resource planning software, while S/4 HANA is the next-generation ERP suite built on the SAP HANA platform.
• SAP ERP is based on traditional on-premise architecture, while S/4 HANA is designed for cloud deployment.

• SAP ERP uses a row-based database structure, while S/4 HANA utilizes an in-memory columnar database for faster data processing.

• SAP ERP requires separate systems for transac...read more
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Q2. What are the steps for implementation in SAP
Ans. 
Implementation steps in SAP involve planning, configuration, testing, training, and deployment.
• 1. Planning phase involves defining project scope, objectives, and timeline.

• 2. Configuration phase includes setting up SAP modules according to business requirements.

• 3. Testing phase ensures that the system functions correctly and meets user needs.

• 4. Training phase involves educating users on how to use the SAP system effecti...read more
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Q3. What is RICEF? explain
Ans. 
RICEF is a prioritization framework used in project management to rank tasks based on their impact and effort required.
• RICEF stands for Reach, Impact, Confidence, and Effort.

• Reach refers to the number of people affected by the task.

• Impact is the potential positive outcome of the task.

• Confidence is how sure you are about the estimates for Reach and Impact.

• Effort is the amount of time and resources needed to complete the...read more
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Q4. Have you worked with APP? EXPLAIN THE STEPS
Ans. 
Yes, I have worked with APP. The steps involve designing, developing, testing, and deploying the application.
• Design the user interface and functionality of the APP

• Develop the APP using programming languages like Java, Swift, or React Native

• Test the APP for bugs and errors

• Deploy the APP to app stores or internal servers for users to access
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Q5. How would you configure material?
Ans. 
Material can be configured by adjusting its properties and parameters to meet specific requirements.
• Identify the specific requirements for the material

• Adjust properties such as density, strength, and flexibility

• Consider parameters like temperature resistance and chemical compatibility

• Test the configured material to ensure it meets the desired specifications
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Q6. What is your role in your current company
Ans. 
I am responsible for managing client relationships, providing strategic advice, and overseeing project implementation.
• Managing client relationships

• Providing strategic advice

• Overseeing project implementation
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I have three questions: 1. How to handle null values? 2. What are ranking functions? 3. Can you explain self joins?

Q1. Project description
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Q2. Tools used
Ans. 
I primarily use tools such as Microsoft Excel, PowerPoint, and Tableau for data analysis and visualization.
• Microsoft Excel for data manipulation and analysis

• PowerPoint for creating presentations

• Tableau for data visualization
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Good enough and it’s through online

Same as of the previous round

Same though online as previously mentioned

Q1. Intro about you
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Q2. Projects related questions
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Q1. Behavioral question
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Q1. Tell me about yourself
Ans. 
I am a dedicated and experienced consultant with a strong background in problem-solving and client management.
• Over 5 years of experience in consulting roles

• Skilled in analyzing data and providing strategic recommendations

• Proven track record of successfully managing client relationships

• Strong communication and presentation skills

• Certified in relevant consulting methodologies
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Q2. Why interested in this role
Ans. 
Passionate about problem-solving and helping clients achieve their goals.
• Enjoy analyzing complex issues and providing strategic solutions

• Excited about collaborating with diverse teams and clients

• Previous experience in consulting roles, such as improving operational efficiency for a manufacturing company
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Q1. Explain your key projects
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Q2. Why nagarro? Why this practice?
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