gNAP Services Interview Questions, Process, and Tips

Q1. What is IFRS 15 ?
Ans. 
IFRS 15 is a global accounting standard that outlines how revenue from contracts with customers should be recognized.
• IFRS 15 replaces all existing revenue recognition guidance under IFRS

• It provides a single, principles-based five-step model for revenue recognition

• The standard applies to all contracts with customers, except for leases, insurance contracts and financial instruments

• The core principle of IFRS 15 is that re...read more
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Q2. What is Varinace anaylsis
Ans. 
Variance analysis is a statistical technique used to identify the difference between planned and actual performance.
• It involves comparing actual results to budgeted or expected results.

• It helps in identifying the reasons for the difference between actual and planned performance.

• It is commonly used in financial analysis to evaluate the performance of a company.

• Variance analysis can be used to identify areas where cost s...read more
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Q1. What is VBA in Excel
Ans. 
VBA in Excel stands for Visual Basic for Applications, a programming language used to automate tasks and create custom functions in Excel.
• VBA allows users to write macros to automate repetitive tasks in Excel.

• It can be used to create custom functions and procedures to enhance Excel's functionality.

• VBA code can be written directly within Excel's Visual Basic Editor.

• Example: Writing a VBA macro to automatically format da
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Q2. What is Vlookup and Hlookup
Ans. 
Vlookup and Hlookup are Excel functions used to search for a value in a table and return a corresponding value.
• Vlookup stands for vertical lookup and searches for a value in the first column of a table and returns a value in the same row from a specified column.

• Hlookup stands for horizontal lookup and searches for a value in the first row of a table and returns a value in the same column from a specified row.

• Both funct...read more
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Q1. What are the difference between the fact and dimension tables
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Q2. What kind of filters we have differentiate it
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Basic Aptitude and IQ test

Q1. You explain everything you know and have learnt or what projects you have worked on and the experience you have.
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