HOT SOURCE Interview Questions and Answers

The process of purchasing involves identifying the need for goods or services, selecting a supplier, negotiating terms, placing an order, receiving and inspecting the goods or services, and processing payment.

• Identify the need for goods or services

• Select a supplier

• Negotiate terms

• Place an order

• Receive and inspect the goods or services

• Process payment

TAT analysis refers to measuring the time taken to complete a process or task.

• TAT stands for Turnaround Time

• It helps in identifying bottlenecks and improving efficiency

• For example, TAT analysis can be used in accounts payable to measure the time taken to process invoices

• By analyzing TAT, companies can set benchmarks and improve their processes

Implementation of a particular account rule

• Identify the specific account rule to be implemented

• Ensure the rule aligns with company policies and regulations

• Communicate the rule clearly to all relevant parties

• Monitor and enforce compliance with the rule

• Regularly review and update the rule as necessary

I prefer MicroStrategy over Power BI due to its robust security features and scalability.

• MicroStrategy offers more advanced security features compared to Power BI, making it a preferred choice for organizations with strict data security requirements.

• MicroStrategy is known for its scalability, allowing for large volumes of data to be processed efficiently and effectively.

• MicroStrategy provides a wide range of data visualization options and customization capabilities, giving us...read more

Accounts Payable is the amount owed by a company to its suppliers for goods and services received.

• It is a liability account in the company's balance sheet

• It includes invoices, bills, and other payment requests from suppliers

• It involves verifying and processing invoices for payment

• It helps in maintaining good relationships with suppliers

• Examples include rent, utilities, inventory purchases, and employee expenses

Joins in SQL are used to combine rows from two or more tables based on a related column between them.

• Joins are used to retrieve data from multiple tables based on a related column

• Common types of joins include INNER JOIN, LEFT JOIN, RIGHT JOIN, and FULL JOIN

• Example: SELECT * FROM table1 INNER JOIN table2 ON table1.column = table2.column