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IDBI Intech Limited
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I applied via Job Portal and was interviewed in Jul 2022. There was 1 interview round.
Revenue recognition as per IndAS 115
Identify the contract with the customer
Identify the performance obligations in the contract
Determine the transaction price
Allocate the transaction price to the performance obligations
Recognize revenue when (or as) the entity satisfies a performance obligation
The journal entry for lease accounting in the books of lessee involves recording the lease liability and right-of-use asset.
Debit the right-of-use asset account for the present value of the lease payments
Credit the lease liability account for the same amount
Recognize interest expense on the lease liability
Recognize amortization expense on the right-of-use asset
Adjust for any lease payments made
Example: Debit Right-of-U...
Service industry provides intangible products while manufacturing industry produces tangible products.
Service industry focuses on providing services rather than physical products
Manufacturing industry involves the production of tangible goods
Service industry is labor-intensive while manufacturing industry is capital-intensive
Service industry has a higher degree of customer interaction compared to manufacturing industry
...
Provision for doubtful debt is an estimation of the amount of bad debt that a company is likely to incur.
Provision for doubtful debt is a contra account to accounts receivable.
It is created by recording an adjusting entry at the end of each accounting period.
The amount of the provision is based on historical data and management's judgment.
It reduces the net value of accounts receivable on the balance sheet.
If the actua...
To audit purchase or expenses voucher, follow these steps:
Verify the authenticity of the voucher
Check if the voucher is properly authorized and approved
Ensure that the voucher is supported by relevant documents
Verify the accuracy of the voucher amount
Check if the voucher is recorded in the correct account
Perform a test check of a sample of vouchers
Document the audit findings and report to management
Ind AS 115 is a new revenue recognition standard that replaces the existing Ind AS 18 and Ind AS 11.
Ind AS 115 provides a single, comprehensive revenue recognition model for all contracts with customers.
It requires companies to recognize revenue based on the transfer of control of goods or services to customers.
The standard also requires companies to disclose more information about their revenue streams and contract ba...
I was interviewed before Mar 2024.
Question on debugging and troubleshooting
I applied via Walk-in
Using Java 8, find the 2nd highest salary of employees.
Sort the salaries in descending order using Comparator
Skip the first highest salary to get the second highest
Handle edge cases like if there are less than 2 salaries
Encryption and decryption in Java Springboot ensures data security and confidentiality.
Protects sensitive data from unauthorized access
Meets compliance requirements for data protection
Secures communication between client and server
Examples: encrypting passwords, securing API endpoints
Using Java 8, we can find repeated characters in a given String.
Use streams and collectors to group characters by count
Filter out characters with count greater than 1
Collect the repeated characters into an array of strings
I applied via Recruitment Consulltant and was interviewed in Jul 2024. There were 3 interview rounds.
The magic function in PHP is __construct(), which is a constructor method used to initialize an object when it is created.
The magic function __construct() is automatically called when a new object is created from a class.
It is used to initialize the object's properties or perform any necessary setup.
Example: class MyClass { public function __construct() { echo 'Object created'; } } $obj = new MyClass();
The __construct(...
Sessions store data on the server side while cookies store data on the client side.
Sessions store data on the server side, while cookies store data on the client side.
Sessions are more secure as the data is stored on the server and not accessible by the client.
Cookies are stored on the client's browser and can be easily manipulated by the user.
Sessions are typically used for storing sensitive information like user auth...
AJAX can be called using JavaScript by creating an XMLHttpRequest object and sending a request to the server.
Create an XMLHttpRequest object
Specify the type of request (GET or POST)
Specify the URL to send the request to
Set up a callback function to handle the response
Send the request to the server
IDBI Intech Limited interview questions for popular designations
I applied via Company Website and was interviewed in Dec 2024. There were 2 interview rounds.
I am a software engineer with strong problem-solving skills and a passion for learning new technologies.
Strengths: Strong problem-solving skills, quick learner, proficient in multiple programming languages (e.g. Java, Python), excellent communication skills
Weaknesses: Sometimes I can be overly critical of my own work, can get too focused on details and lose sight of the bigger picture, working on improving time managem
Yes, I have 5 years of experience working as a software engineer in a tech company.
5 years of experience as a software engineer
Worked in a tech company
Developed web applications using Java and JavaScript
Experience with Agile development methodologies
Strong problem-solving skills
Exchange your work experiences with one another.
Get interview-ready with Top IDBI Intech Limited Interview Questions
FTP is a protocol used for transferring files over a network. Port numbers are used to identify specific services on a computer.
FTP stands for File Transfer Protocol
Port numbers are used to identify different services on a computer
FTP typically uses port 21 for control and port 20 for data transfer
Other common port numbers include port 80 for HTTP and port 443 for HTTPS
Backup tools are essential for data protection. Understanding database fundamentals is crucial for effective backup strategies.
Backup tools help in creating copies of data to prevent data loss.
Database fundamentals include understanding data structures, relationships, and query languages.
Common backup tools include Veeam, Acronis, and Backup Exec.
Database fundamentals involve knowledge of SQL, indexing, and normalizati...
I applied via Referral and was interviewed in Jul 2024. There was 1 interview round.
I applied via Walk-in and was interviewed in Jan 2024. There was 1 interview round.
Port 80 is commonly used for LIVE deployment
Port 80 is the default port for HTTP traffic
Port 443 is commonly used for HTTPS traffic
Other ports like 8080 or 8000 can also be used for LIVE deployment
ExecuteNonQuery does not return a value
ExecuteNonQuery method is used to execute a command that does not return any data
It is typically used for INSERT, UPDATE, DELETE operations
The return value is the number of rows affected by the command
I applied via Referral and was interviewed in May 2024. There was 1 interview round.
SDLC stands for Software Development Life Cycle, a process used by software development teams to design, develop, and test high-quality software.
SDLC is a systematic process for building software applications.
It consists of several phases including planning, analysis, design, implementation, testing, and maintenance.
Each phase has its own set of activities and deliverables.
SDLC helps ensure that software projects are c...
Smoke testing is a preliminary testing to check if the software build is stable enough for further testing.
Smoke testing is a subset of regression testing
It is performed to verify if the critical functionalities of the software are working fine
It is usually done before detailed testing to save time and effort
If smoke testing fails, further testing is halted until the issues are fixed
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The duration of IDBI Intech Limited interview process can vary, but typically it takes about less than 2 weeks to complete.
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New Delhi,
Gurgaon / Gurugram
+12-4 Yrs
â‚ą 2.5-3.5 LPA
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