McDermott International IT Associate Interview Questions and Answers

OTC cycle refers to the process of Over-The-Counter trading of securities.

• OTC trading involves direct trading between two parties without the involvement of a stock exchange.

• OTC securities are not listed on formal exchanges and are traded through dealer networks.

• OTC cycle includes negotiation, trade execution, and settlement.

• OTC trading is common for small-cap and penny stocks.

• OTC trading is less regulated than exchang

The pricing procedure in SAP consists of 16 fields that determine the pricing calculation for a product or service.

• The 16 fields include: Condition Type, Access Sequence, Condition Table, Calculation Type, Scale Basis, Scale Type, Condition Category, Condition Class, Condition Control, Calculation Type, Rounding Rule, Currency, Pricing Unit, Scale Quantity, Scale Value, and Condition Amount.

• Each field plays a specific ...read more

Tcode for account group is OBD4. Account group is used to classify GL accounts based on their nature and usage.

• Account group is a key element in the creation of GL accounts

• It helps in defining the fields that are mandatory while creating a GL account

• It also determines the number range for GL accounts

• Examples of account groups are Assets, Liabilities, Income, Expenses, etc.

Third party process involves outsourcing a business function to a vendor or supplier.

• Third party process involves hiring an external vendor or supplier to perform a business function.

• This can include outsourcing IT services, customer support, or manufacturing.

• The third party is responsible for delivering the service or product as per the agreed terms and conditions.

• The company outsourcing the function retains overall c...read more