IBM Lead Business Analyst Interview Questions and Answers

Q1. None, they asked basis the resume
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Q1. Are you ready to upgrade your technical skills.
Ans. 
Yes, I am always eager to learn and improve my technical skills to stay current in the field.
• I am constantly seeking out new training opportunities to enhance my technical knowledge.

• I have a track record of successfully learning new technologies and tools in previous roles.

• I understand the importance of staying up-to-date with the latest industry trends and advancements.
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Q2. Tell me end to end flow of any of your project.
Ans. 
The end to end flow of my project involved gathering requirements, analyzing data, designing solutions, implementing changes, and testing for quality assurance.
• Gathered requirements from stakeholders

• Analyzed data to identify trends and patterns

• Designed solutions based on analysis

• Implemented changes in the system

• Tested the changes for quality assurance
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Q1. Last project briefings
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Q1. Salary negotiation
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English grammer test, Case study etc

Q1. Ovarall past experiance and collection process
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Q2. Tell about yourself in brief
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Q3. Why you went out from your last organization
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Q4. What are you achivements
Ans. 
I have achieved significant improvements in business processes and successfully led cross-functional teams.
• Implemented a new project management system that increased efficiency by 30%

• Led a team of analysts to identify cost-saving opportunities resulting in $1 million in annual savings

• Developed and implemented a data-driven strategy that improved customer retention by 15%

• Successfully managed the implementation of a new
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Q1. What is acrual?
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Accrual refers to the recognition of revenues and expenses when they are incurred, regardless of when cash is exchanged.
• Accrual accounting matches revenues with expenses in the same accounting period, even if cash has not been exchanged.

• It provides a more accurate representation of a company's financial position and performance.

• Examples include recognizing revenue when a service is performed, even if payment has not be...read more
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Q2. What is contra entry?
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Contra entry is a transaction that involves both a debit and a credit entry to the same account.
• Contra entries are used to correct errors, transfer funds between accounts, or record non-cash transactions.

• For example, transferring money from a savings account to a checking account would involve a contra entry.

• Contra entries do not impact the overall balance of the account, as the debit and credit cancel each other out.
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Q3. Entry for sale of goods?
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Entry for sale of goods refers to recording the transaction of selling goods in the accounting system.
• Record the sale in the sales journal or sales ledger

• Update the inventory to reflect the goods sold

• Calculate the cost of goods sold and recognize revenue

• Issue an invoice to the customer for payment

• Record any discounts or returns related to the sale
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Q1. How do you manage the requirements of stakeholders?
Ans. 
I manage stakeholder requirements through effective communication, collaboration, prioritization, and documentation.
• Regular communication with stakeholders to understand their needs and expectations

• Collaboration with stakeholders to gather and prioritize requirements

• Documenting requirements clearly and accurately to ensure alignment and traceability

• Using tools like requirement management software to track and manage re...read more
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Q1. What is the process for writing non-functional requirements?
Ans. 
The process for writing non-functional requirements involves identifying performance, security, usability, and other quality attributes.
• Identify the quality attributes that are important for the project

• Define specific criteria for each quality attribute

• Ensure that the requirements are measurable and testable

• Document the non-functional requirements in a clear and concise manner
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