Utech Developers Accounts Manager Interview Questions, Process, and Tips

Budgeting is the process of creating a financial plan for a specific period. It involves estimating income and expenses.

• Budgeting helps in managing finances effectively

• It involves estimating income and expenses for a specific period

• Budgets can be prepared for individuals, businesses, or governments

• Budgets can be prepared monthly, quarterly, or annually

• Budgets can be adjusted based on actual income and expenses

• An estima...read more

To draw a budget in comparison with estimate, first identify the differences between the two and adjust accordingly.

• Identify the differences between the budget and estimate

• Adjust the budget to reflect any changes

• Ensure the budget aligns with company goals and objectives

If there is a change in costs, the budget will be affected.

• A change in costs directly impacts the budget as it determines the allocation of funds.

• Estimates are typically based on projected costs and may need to be revised if actual costs change.

• For example, if the cost of raw materials increases, the budget may need to be adjusted to accommodate the higher expenses.

Yes, I have experience working on SAP for Build Supply ERP and EPC Projects.

• I have worked on SAP for managing accounts and financial data for EPC projects.

• I have experience in using SAP for procurement and inventory management in Build Supply ERP.

• I am familiar with SAP modules such as FI, CO, MM, and SD.

• I have also worked on customizing SAP reports and creating dashboards for better data visualization.