10+ L&T Finance Interview Questions and Answers

I would analyze the reported issues, identify commonalities and differences, collaborate with stakeholders from both regions, and propose a solution that addresses the concerns of both parties.

• Analyze the reported issues from both regions to understand the root cause

• Identify commonalities and differences in the reported issues

• Collaborate with stakeholders from both regions to gather more insights and perspectives

• Propose a solution that addresses the concerns of both regions, ...read more

Provision for doubtful debts is an estimated amount set aside to cover potential losses from customers who may not pay their debts.

• The accounting entry for provision for doubtful debts is a debit to the provision for doubtful debts account and a credit to the bad debt expense account.

• This is necessary because it helps to accurately reflect the true value of accounts receivable on the balance sheet.

• Without this provision, the accounts receivable balance would be overstated and...read more

Yes, I have experience of working on Oracle ERP system.

• I have worked on Oracle ERP system for 2 years in my previous job.

• I am proficient in using Oracle Financials and Oracle Procurement modules.

• I have experience in configuring and customizing Oracle ERP system to meet business requirements.

• I have also provided training to new users on how to use Oracle ERP system.

Iteration is the process of repeating a set of instructions a specified number of times or until a specific condition is met.

• Iteration allows for the efficient execution of tasks by automating repetitive processes.

• It helps in achieving accuracy and consistency in tasks that require multiple steps to be performed.

• Examples include loops in programming languages like for loops and while loops.

• Iteration is important in project management for reviewing and refining processes in mu...read more

3 Way matching process is a method of verifying the accuracy of invoices by comparing purchase orders, receipts, and invoices.

• It involves comparing three documents: purchase order, goods receipt note, and invoice.

• The purchase order is created by the buyer and contains details of the goods or services to be purchased.

• The goods receipt note is created by the receiver of the goods and confirms that the goods have been received.

• The invoice is created by the supplier and contains ...read more

Normal children and abnormal children differ in their behavior, development, and abilities.

• Normal children typically exhibit age-appropriate behavior and development, while abnormal children may show delays or deviations.

• Abnormal children may have learning disabilities, developmental disorders, or mental health issues that affect their functioning.

• Normal children tend to have good social skills and interact well with others, while abnormal children may struggle with social in...read more

During requirement elicitation, I faced challenges in understanding the complex business processes and conflicting stakeholder priorities.

• Navigating conflicting stakeholder priorities

• Understanding complex business processes

• Resolving ambiguity in requirements

• Managing scope creep

In counselling, importance is given to active listening, empathy, confidentiality, trust, and goal-setting.

• Active listening: Counsellors listen attentively to understand the client's concerns and emotions.

• Empathy: Counsellors show understanding and compassion towards the client's experiences.

• Confidentiality: Counsellors maintain strict confidentiality to create a safe and trusting environment.

• Trust: Building trust with the client is crucial for effective counselling.

• Goal-sett...read more

The amount of code correction involved varied depending on the project and the complexity of the automation tests.

• Code correction was minimal for some projects where the initial test scripts were well-written and maintained.

• In other cases, significant code correction was required due to changes in the application under test or improvements in the testing framework.

• Code correction also depended on the experience and skill level of the automation test engineer.

• Examples: fixing ...read more

My problem solving approach involves identifying the root cause, brainstorming solutions, evaluating options, and implementing the best course of action.

• Identify the root cause of the problem before jumping into solutions

• Brainstorm potential solutions with a team or individually

• Evaluate each solution based on feasibility, impact, and resources

• Implement the best course of action and monitor results for effectiveness

• Adjust strategies as needed based on feedback and outcomes

I have expertise in designing and implementing automation frameworks using tools like Selenium and Appium.

• Proficient in writing automated test scripts using Selenium WebDriver for web applications

• Experience in mobile automation testing using Appium for iOS and Android applications

• Skilled in creating and maintaining automation frameworks for regression testing

• Familiar with CI/CD tools like Jenkins for continuous integration of automated tests

Yes, I am proficient in Excel.

• I have experience in creating spreadsheets, using formulas and functions, and analyzing data.

• I am familiar with pivot tables, charts, and graphs.

• I have used Excel for budgeting, project management, and data analysis.

• I am comfortable with both Windows and Mac versions of Excel.

Flex and Grid are CSS layout systems used for creating responsive web designs.

• Flexbox is a one-dimensional layout system that allows you to align and distribute space among items in a container.

• Grid is a two-dimensional layout system that allows you to create complex layouts with rows and columns.

• Flexbox is best suited for arranging items in a single direction, while Grid is ideal for creating grid-based layouts.

• Flexbox example: justify-content: center; align-items: center;

• Gr...read more

z-index is a CSS property that controls the stacking order of elements on a webpage.

• z-index values can be positive, negative, or zero.

• Higher z-index values stack on top of lower ones.

• z-index only works on positioned elements (position: relative, absolute, fixed).

Some common MS Excel formulas include SUM, VLOOKUP, IF, CONCATENATE, and AVERAGE.

• SUM: Adds up all the numbers in a range of cells

• VLOOKUP: Searches for a value in the first column of a table and returns a value in the same row from another column

• IF: Checks whether a condition is met and returns one value if true and another if false

• CONCATENATE: Joins two or more text strings into one string

• AVERAGE: Calculates the average of a group of numbers

Stored procedures are precompiled SQL queries stored in the database, while functions are blocks of code that can be called within SQL queries.

• Stored procedures are stored in the database and can be called using a specific name.

• Functions are defined using CREATE FUNCTION and can be called within SQL queries.

• Stored procedures can have input and output parameters, while functions can only return a single value.

• Stored procedures can perform DML operations, while functions are us...read more