LTIMindtree Functional Lead Interview Questions and Answers

Q1. About current project
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Q2. Type of issues that I have worked on.
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Q1. Questions about Oracle payables
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Q2. About plsql
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Q1. Current salary and told me about their offer.
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Q2. Gave me 75% hike also.
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Q1. What is O to c cycle?
Ans. 
Order to Cash (O to C) cycle is the process of receiving and fulfilling customer orders.
• Includes order entry, order processing, order fulfillment, and invoicing

• Starts with customer placing an order and ends with payment received

• Involves multiple departments like sales, warehouse, and finance

• Ensures timely delivery of products/services to customers
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Q2. What is IRSO ? and their setup and configuration.
Ans. 
IRSO stands for Inventory Replenishment Supply Order. It is used in Oracle SCM for managing inventory replenishment orders.
• IRSO is used to automatically generate supply orders based on inventory levels and demand forecasts.

• Setup involves defining replenishment rules, lead times, and order policies.

• Configuration includes setting up approval workflows, notification rules, and integration with other SCM modules.

• Example: S...read more
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Q3. Explain Dropshipment process ?
Ans. 
Dropshipment process involves direct shipment from supplier to customer without passing through the retailer.
• Supplier ships the product directly to the customer on behalf of the retailer

• Retailer acts as an intermediary between supplier and customer

• Retailer does not handle the physical product

• Retailer earns a commission for facilitating the transaction
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Q4. What are the key functionality of inventory
Ans. 
Key functionalities of inventory include tracking stock levels, managing reorder points, and optimizing inventory turnover.
• Tracking stock levels to ensure availability of products

• Managing reorder points to avoid stockouts

• Optimizing inventory turnover to reduce carrying costs

• Implementing barcode scanning for accurate inventory counts

• Utilizing demand forecasting to plan inventory levels
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Q5. Can you explain how the bill to and ship to addresses are populate in the sales order form ??
Ans. 
The bill to and ship to addresses in the sales order form are populated based on the customer's default addresses and any overrides specified during order entry.
• Bill to address is typically the default address associated with the customer account

• Ship to address can be the same as bill to or a different address specified during order entry

• Users can override the default addresses for specific orders if needed
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Q1. Oracle receivables core setup
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Q2. Oracle bill in advance accounting entries
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Oracle bill in advance accounting entries
• When billing in advance, recognize revenue over the service period

• Debit Accounts Receivable and credit Unearned Revenue upon billing

• Recognize revenue by debiting Unearned Revenue and crediting Revenue over time

• Adjust entries as revenue is earned
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Q1. Interview is scheduled
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Q1. Why Accenture yur dreams n goals
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I believe Accenture aligns with my dreams and goals due to their reputation for innovation and global impact.
• Accenture is known for its cutting-edge technology solutions, which align with my passion for innovation.

• The global reach of Accenture provides opportunities to work on diverse projects and collaborate with talented professionals from around the world.

• Accenture's focus on making a positive impact on society thro...read more
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Q2. Name yur client whom u have worked with
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Q1. It was a gaming round related to reasoning and decision making skill
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Q1. Question related to accounting terminology
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Q2. Question related to accounting standards
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Q3. Advanced Excel formula
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Q1. Basic personal information
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Q2. Accounting and tax related questions
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The cloud system is beneficial.

Q1. How to verify login page.
Ans. 
Verify login page by checking for correct credentials and error messages.
• Enter valid username and password to ensure successful login

• Enter invalid username or password to check for error message

• Check for password strength requirements if applicable
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