Position2 Interview Questions and Answers

Q1. Trail balance Corp chat
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Q2. Team handling situations based question
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Q1. What does S/4 HANA implementation involve?
Ans. 
S/4 HANA implementation involves migrating business processes to SAP's latest ERP system for improved efficiency and real-time analytics.
• Data migration from legacy systems to S/4 HANA

• Business process reengineering to align with S/4 HANA functionalities

• Customization and configuration of S/4 HANA modules

• Training employees on using the new system effectively

• Testing and validation of the implemented solution
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Q2. What is the process for setting up a master data set?
Ans. 
Setting up a master data set involves identifying data sources, cleansing data, defining data attributes, and establishing data governance.
• Identify all relevant data sources that will be included in the master data set

• Cleanse the data to ensure accuracy and consistency

• Define data attributes such as data types, formats, and relationships

• Establish data governance policies and procedures to maintain data quality and integ
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Q1. Royalty process
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Q2. Intercompany pricing process
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Q1. Team handing Experience and salary discussion
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Q1. Introduction, Current project overview and your role and responsibilities
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Q2. Agile Ceremonies, Role of QA in Agile
Ans. 
Agile ceremonies are key meetings in Agile methodology where QA plays a crucial role in ensuring quality throughout the development process.
• QA participates in Agile ceremonies such as Sprint Planning, Daily Stand-ups, Sprint Review, and Sprint Retrospective to provide input on quality aspects.

• QA helps in defining acceptance criteria for user stories during Sprint Planning to ensure that the team understands the quality...read more
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Q3. Story Estimation Techniques in Agile
Ans. 
Story estimation techniques in Agile involve using relative sizing, planning poker, and t-shirt sizing.
• Relative sizing compares the size of one story to another to estimate effort.

• Planning poker involves team members individually estimating stories and then discussing differences.

• T-shirt sizing categorizes stories into small, medium, large, etc. based on complexity.

• Fibonacci sequence can be used for story points (1, 2,
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Q4. Updating scrum board and its process
Ans. 
Updating the scrum board involves adding, moving, and removing tasks to reflect the current status of the project.
• Regularly update the scrum board with the progress of tasks

• Move tasks from 'To Do' to 'In Progress' to 'Done' columns as they are worked on and completed

• Remove tasks that are no longer relevant or have been completed

• Ensure the team is aware of any changes made to the scrum board
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Q5. Different type of SQL Joins
Ans. 
SQL Joins are used to combine rows from two or more tables based on a related column between them.
• INNER JOIN: Returns rows when there is at least one match in both tables

• LEFT JOIN: Returns all rows from the left table and the matched rows from the right table

• RIGHT JOIN: Returns all rows from the right table and the matched rows from the left table

• FULL JOIN: Returns rows when there is a match in one of the tables
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Q6. Test Plan, test Report in detal
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Q7. Testing tools used
Ans. 
I have experience using a variety of testing tools such as Selenium, Jira, and TestRail.
• Selenium

• Jira

• TestRail
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Q8. Years of experience in team leading and challenges faced
Ans. 
Over 5 years of experience leading QA teams, faced challenges in communication, resource allocation, and stakeholder management.
• Managed a team of 10 QA engineers, ensuring timely delivery of high-quality testing.

• Challenges included resolving conflicts within the team, prioritizing tasks based on project deadlines, and effectively communicating with stakeholders.

• Implemented agile methodologies to improve team efficiency...read more
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Q9. Questions on Finance domain like derivatives, equity , Regulatory reports
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Q1. What is an abstract class?
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Q2. What is abstraction?
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Q3. Best sorting algo?time complexity of it?
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Q4. You have been provided a sorted list time complexity achieved after we apply bubble sorting
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Q1. Have you ever been to a state other than jharkhand?
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Basic Financial Accounting concepts
Email Writing
Logical Reasoning

Q1. What goes in the line items of Income Statement?
Ans. 
Line items in an Income Statement include revenues, expenses, gains, and losses.
• Revenue: Sales of goods or services

• Cost of Goods Sold (COGS): Direct costs related to producing goods sold

• Gross Profit: Revenue minus COGS

• Operating Expenses: Costs related to running the business (e.g. salaries, rent)

• Operating Income: Gross profit minus operating expenses

• Interest Expense: Cost of borrowing money

• Net Income: Total profit afte...read more
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Q2. What is Investment Banking?
Ans. 
Investment banking involves providing financial advisory services to corporations, governments, and other institutions for raising capital, mergers and acquisitions, and other financial transactions.
• Helps companies raise capital through issuing stocks or bonds

• Assists in mergers and acquisitions by providing valuation and negotiation services

• Provides financial advisory services for various transactions such as IPOs, deb...read more
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Q3. Explain the impact of share buyback on the 3 financial statements.
Ans. 
Share buybacks impact financial statements by reducing outstanding shares, increasing EPS, and affecting cash flow.
• Share buybacks reduce the number of outstanding shares on the balance sheet.

• This can increase earnings per share (EPS) as the same amount of earnings is distributed among fewer shares.

• On the income statement, share buybacks can lead to higher EPS and potentially higher stock prices.

• Share buybacks can also ...read more
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Q4. Impact of bonus share issue on 3 financial statements.
Ans. 
Bonus share issue impacts financial statements by increasing equity on balance sheet, reducing retained earnings, and affecting earnings per share.
• Increase in equity on balance sheet due to additional shares issued at no cost

• Reduction in retained earnings as company's profits are distributed among more shareholders

• Impact on earnings per share as number of shares outstanding increases
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Q1. GDS Commands
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Q2. Airline Terminals and Airport Codes
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Sabre Commands to Check Availability

Blocking and Booking Tickets

Commands to Check Fare rules

Checking Availability

Infant and Child title

Q1. About Airport Terminals
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Q2. About Encode and Decode in GDS
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