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Precision Electronics Interview Questions and Answers

Updated 30 Jan 2025
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Q1. What is your experience with the tools used by HCLTech for this particular requirement?

Ans.

I have extensive experience with the tools used by HCLTech for this requirement.

  • I have worked with tools such as JIRA, Confluence, and ServiceNow for project management and collaboration.

  • I am proficient in using HCL's proprietary tools like DRYiCE for automation and AI solutions.

  • I have experience with HCL's DevOps tools like UrbanCode Deploy for continuous integration and deployment.

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Q2. How will you manage a legal under you?

Ans.

Managing a legal team requires clear communication, delegation, and trust.

  • Establish clear goals and expectations for the team

  • Delegate tasks based on individual strengths and expertise

  • Encourage open communication and feedback

  • Provide resources and support for professional development

  • Build trust through transparency and accountability

  • Ensure compliance with legal regulations and ethical standards

  • Collaborate with other departments and stakeholders

  • Handle conflicts and challenges in...read more

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Q3. What is a credit note and debit note

Ans.

A credit note is a document issued by a seller to a buyer, indicating that a refund or credit has been made to the buyer's account. A debit note is a document issued by a seller to a buyer, indicating that a debit has been made to the buyer's account.

  • A credit note is issued when a seller owes money to a buyer, such as when a product is returned or a discount is given.

  • A debit note is issued when a buyer owes money to a seller, such as when an invoice is underpaid or there are ...read more

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Q4. Have you worked on Microsoft tools

Ans.

Yes, I have extensive experience working with Microsoft tools such as Excel, Word, PowerPoint, and Outlook.

  • Proficient in Microsoft Excel for data analysis and reporting

  • Skilled in using Microsoft Word for document creation and editing

  • Experienced in creating presentations with Microsoft PowerPoint

  • Familiar with managing emails and calendars using Microsoft Outlook

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Discover Precision Electronics interview dos and don'ts from real experiences

Q5. Revenue Recognition as per Ind As 115

Ans.

Ind AS 115 provides a comprehensive framework for revenue recognition.

  • Revenue is recognized when control of goods or services is transferred to the customer.

  • Revenue is recognized at an amount that reflects the consideration the entity expects to receive in exchange for those goods or services.

  • Ind AS 115 requires entities to identify performance obligations in a contract and allocate the transaction price to each obligation.

  • Disclosure requirements under Ind AS 115 include qual...read more

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Q6. What is Budget and Forcasting.

Ans.

Budgeting involves creating a financial plan for a specific period, while forecasting involves predicting future financial outcomes.

  • Budgeting is the process of creating a detailed plan for how to allocate resources over a specific period of time.

  • Forecasting involves predicting future financial outcomes based on historical data and trends.

  • Budgeting helps in setting financial goals and monitoring expenses, while forecasting helps in making informed decisions and planning for th...read more

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Q7. Definition of accounting

Ans.

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

  • Accounting involves recording financial transactions such as sales, purchases, and payments.

  • It also involves classifying these transactions into categories such as assets, liabilities, and equity.

  • Finally, accounting involves summarizing this information in financial statements such as balance sheets and income statement...read more

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Interview Process at Precision Electronics

based on 8 interviews
2 Interview rounds
HR Round
Technical Round
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