ITC Infotech Lead Consultant Interview Questions, Process, and Tips

P2P cycle involves procurement of goods/services, approval, receipt, invoice processing, and payment.

• P2P cycle starts with requisition for goods/services

• Approval process follows to ensure compliance

• Goods/services received and invoice processed for payment

• Accounting entries include debit to expense account and credit to accounts payable

The O2C cycle involves the process of receiving and fulfilling customer orders, invoicing, and receiving payment.

• Order is received from customer

• Order is processed and goods/services are delivered

• Invoice is generated and sent to customer

• Payment is received and recorded in accounts

The assets cycle involves accounting entries related to the acquisition, utilization, and disposal of assets. Depreciation key and area are used to calculate and allocate depreciation expenses.

• Assets cycle involves acquiring, using, and disposing of assets.

• Accounting entries include recording asset acquisition, depreciation, and disposal.

• Depreciation key is used to determine the method and rate of depreciation for an a...read more

Delta Lake is an open-source storage layer that brings ACID transactions to Apache Spark and big data workloads.

• Delta Lake provides ACID transactions, scalable metadata handling, and unifies streaming and batch data processing.

• It ensures data integrity and reliability by providing features like schema enforcement and data versioning.

• Delta Lake is compatible with Apache Spark and supports various data formats like Parqu...read more

Z-Ordering is a method of arranging objects on a 2D plane based on their depth or priority.

• Z-Ordering determines the order in which objects are drawn on a screen.

• Objects with a higher Z-order value are drawn on top of objects with a lower Z-order value.

• Z-Ordering is commonly used in computer graphics and user interface design.

• For example, in a video game, characters may have different Z-order values to ensure they appe...read more

Delta lakes provide scalable, reliable, and performant storage for big data analytics.

• Scalability: Delta lakes can handle large amounts of data and scale easily as data grows.

• Reliability: Delta lakes ensure data integrity and consistency with ACID transactions.

• Performance: Delta lakes optimize data access and query performance with indexing and caching.

• Schema enforcement: Delta lakes enforce schema on write, ensuring d...read more