TietoEnator Software Technologies Senior Consultant Interview Questions and Answers

Intercompany process in Oracle Projects involves transactions between different legal entities within the same organization.

• Intercompany process facilitates financial transactions between different legal entities within the organization.

• It ensures accurate recording of revenue, costs, and profits for each legal entity involved.

• Intercompany transactions are typically managed through intercompany billing and intercompany...read more

Rates in Oracle Projects are setup using rate schedules and rate matrices.

• Rate schedules define the rates for different resources or roles in a project

• Rate matrices define the rates based on different criteria such as project type, organization, or location

• Rates can be setup for different time periods, such as hourly, daily, or monthly

• Rates can also be setup for different cost types, such as labor, material, or equipme...read more

Procure to pay process is the cycle of activities involved in purchasing goods or services and paying for them.

• The process starts with identifying the need for a product or service

• Then, a purchase requisition is created and approved

• Next, a purchase order is issued to the supplier

• Goods or services are received and inspected

• An invoice is received and matched with the purchase order and goods receipt

• Payment is made to the...read more

Order to Cash process involves all the steps from receiving an order to receiving payment for it.

• It includes order entry, order fulfillment, invoicing, and payment collection.

• It is a critical process for any business as it directly impacts cash flow.

• Efficient management of this process can lead to improved customer satisfaction and increased revenue.

• Examples of software used for this process include SAP, Oracle, and Sa

Costing methods refer to the techniques used to determine the cost of producing a product or service.

• There are various costing methods such as job costing, process costing, activity-based costing, and standard costing.

• Job costing is used for unique products or services, while process costing is used for mass-produced items.

• Activity-based costing focuses on the activities that drive costs, while standard costing uses pr...read more