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20+ Afcons Infrastructure Interview Questions and Answers

Updated 23 Jan 2025
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Q1. What are the current Renewable Energy schemes that are now being imlemented in India ?

Ans.

India is implementing various renewable energy schemes such as solar parks, wind power projects, and hydroelectric power projects.

  • Solar parks with a capacity of 40 GW are being set up across the country

  • Wind power projects with a capacity of 60 GW are being implemented

  • Hydroelectric power projects with a capacity of 60 GW are being developed

  • Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme for solar pumps and grid-connected solar power projects

  • Pradhan Mantri Kisan Urja...read more

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Q2. How does SAP know which GRIR line items to clear?

Ans.

SAP uses various criteria to clear GRIR line items.

  • SAP matches the invoice and purchase order information with the GRIR line item.

  • SAP considers the age of the GRIR line item and clears the oldest items first.

  • SAP can also use specific clearing rules set up by the user.

  • If there are multiple open items, SAP may use the FIFO (first in, first out) method to clear them.

  • SAP can also use the LIFO (last in, first out) method to clear items.

  • If there are still open items, SAP may requir...read more

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Q3. What is tax jurisdiction in SAP?

Ans.

Tax jurisdiction in SAP determines the tax laws and regulations applicable to a particular business transaction.

  • It is used to determine the tax codes and rates for a transaction

  • It is based on the location of the company code and the customer/vendor

  • It can be set up at various levels such as country, state, city, etc.

  • It is important for compliance with tax laws and regulations

  • Example: A company based in the US selling to a customer in Canada would have different tax jurisdictio...read more

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Q4. Give some of the major observations of p2p along with financial impact

Ans.

Major observations of p2p with financial impact

  • Increased efficiency in transactions due to direct peer-to-peer interactions

  • Reduced costs as intermediaries are eliminated from the process

  • Greater transparency and security in transactions

  • Potential for disintermediation in various industries

  • Challenges with regulation and legal frameworks

  • Examples: Bitcoin, Ethereum, Airbnb, Uber

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Q5. What is clearing account?

Ans.

A clearing account is a temporary account used to hold funds until they can be transferred to their final destination.

  • Clearing accounts are commonly used in banking and accounting.

  • They are used to hold funds until they can be transferred to their final destination.

  • Clearing accounts are often used in international transactions to ensure that funds are properly transferred between different currencies.

  • Examples of clearing accounts include suspense accounts, transit accounts, an...read more

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Q6. 5 points to consider while drafting standard of operating procedures

Ans.

5 key points to consider when drafting standard operating procedures

  • Clearly define the purpose and scope of the SOP

  • Ensure the SOP is written in a clear and concise manner

  • Include step-by-step instructions for each process

  • Specify roles and responsibilities of individuals involved

  • Regularly review and update the SOP to reflect any changes in processes

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Q7. Reverse a string without using in built function

Ans.

Reverse a string without using in built function

  • Iterate through the string from end to start and append each character to a new string

  • Alternatively, swap characters from start and end of the string until reaching the middle

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Q8. Guesstimate: No. of vada pav stalls in Mumbai?

Ans.

There are approximately 15,000 vada pav stalls in Mumbai.

  • Consider the population of Mumbai and the popularity of vada pav as a street food.

  • Estimate the number of stalls per area in the city.

  • Factor in the demand for vada pav during peak hours and locations like train stations.

  • Take into account the number of tourists and locals who consume vada pav regularly.

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Q9. How will u audit revenue?

Ans.

Revenue audit involves verifying financial records to ensure accuracy and compliance with accounting standards.

  • Reviewing sales invoices and receipts

  • Checking for proper revenue recognition

  • Comparing revenue to budget and prior periods

  • Analyzing revenue by product, customer, and region

  • Testing internal controls over revenue

  • Confirming revenue with customers and third parties

  • Investigating any unusual fluctuations or discrepancies

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Q10. Software worked upon as an article trainee

Ans.

During my article trainee period, I worked on various software applications including accounting software, tax software, and audit software.

  • Accounting software

  • Tax software

  • Audit software

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Q11. Custom object that you worked on

Ans.

Developed a custom object for tracking employee training and certifications.

  • Created custom fields to track training completion and expiration dates.

  • Implemented validation rules to ensure data accuracy.

  • Built custom reports and dashboards for management visibility.

  • Integrated with HRIS system for automated updates.

  • Provided training to end-users on new functionality.

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Q12. FI entries for GR IR

Ans.

FI entries for GR IR

  • FI entries refer to financial accounting entries

  • GR IR stands for Goods Receipt Invoice Receipt

  • FI entries for GR IR are the accounting entries related to the receipt of goods and the corresponding invoice

  • These entries are recorded in the general ledger accounts

  • Examples of FI entries for GR IR include debiting the inventory account and crediting the accounts payable account

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Q13. Instances of challenging situations

Ans.

Dealing with difficult clients and resolving conflicts in a professional manner.

  • Remaining calm and composed during heated discussions

  • Active listening to understand the client's concerns

  • Finding mutually beneficial solutions through negotiation

  • Seeking guidance from senior colleagues when necessary

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Q14. What is machine learning

Ans.

Machine learning is a branch of artificial intelligence that involves developing algorithms and models that enable computers to learn from and make predictions or decisions based on data.

  • Machine learning involves training algorithms to recognize patterns in data and make predictions or decisions without being explicitly programmed.

  • Common machine learning techniques include supervised learning, unsupervised learning, and reinforcement learning.

  • Examples of machine learning appl...read more

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Q15. What is deel learning

Ans.

Deep learning is a subset of machine learning that uses neural networks to learn from large amounts of data.

  • Utilizes neural networks to learn complex patterns in data

  • Requires large amounts of data for training

  • Used in various applications such as image and speech recognition

  • Examples include convolutional neural networks (CNNs) and recurrent neural networks (RNNs)

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Q16. What is Contingent liability

Ans.

Contingent liability is a potential liability that may occur in the future depending on the outcome of a specific event.

  • Contingent liabilities are not recorded on the balance sheet but disclosed in the notes to the financial statements.

  • They are dependent on a future event, such as a lawsuit outcome or a product warranty claim.

  • If the event occurs, the company will have to fulfill the obligation and recognize the liability.

  • Examples include pending lawsuits, guarantees on loans,...read more

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Q17. what is polymorphism in java

Ans.

Polymorphism in Java allows objects of different classes to be treated as objects of a common superclass.

  • Polymorphism is achieved through method overriding and method overloading.

  • Method overriding allows a subclass to provide a specific implementation of a method that is already provided by its superclass.

  • Method overloading allows multiple methods with the same name but different parameters to coexist in the same class.

  • Polymorphism helps in achieving flexibility and extensibi...read more

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Q18. What is p value

Ans.

The p value is a statistical measure that helps determine the significance of results in hypothesis testing.

  • The p value is the probability of obtaining results as extreme as the observed results, assuming the null hypothesis is true.

  • A p value of less than 0.05 is typically considered statistically significant, indicating that the null hypothesis can be rejected.

  • A p value greater than 0.05 suggests that the results are not statistically significant, and the null hypothesis can...read more

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Q19. Undervaluation of liabilities

Ans.

Undervaluation of liabilities refers to the situation where a company underestimates the amount of money it owes to creditors or other parties.

  • Undervaluation of liabilities can lead to financial instability and potential legal issues.

  • Common examples include underestimating the amount of debt owed or not properly accounting for future obligations like pension liabilities.

  • Companies may engage in undervaluation of liabilities to make their financial position appear stronger than...read more

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Q20. inheretance in java

Ans.

Inheritance in Java allows a class to inherit properties and behavior from another class.

  • Inheritance is achieved using the 'extends' keyword in Java.

  • Subclasses inherit fields and methods from their superclass.

  • Java does not support multiple inheritance, but a class can implement multiple interfaces.

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Interview Process at Afcons Infrastructure

based on 39 interviews
3 Interview rounds
Resume Shortlist Round
One-on-one Round - 1
One-on-one Round - 2
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