Virtusa Consulting Services Interview Questions, Process, and Tips

Q1. About my Skills
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Q2. Why would you join Virtusa?
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I would join Virtusa because of its reputation for innovation, collaborative work environment, and opportunities for growth.
• Virtusa is known for its innovative solutions and cutting-edge technology.

• The collaborative work environment at Virtusa fosters creativity and teamwork.

• Virtusa offers ample opportunities for professional growth and career advancement.

• I am impressed by Virtusa's commitment to diversity and inclusio
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Q1. Current Project related questions
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Q2. Scenario based questions
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Q3. Approach for a project from scratch
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Q4. Insurance/Banking related questions
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Q1. Architectural related questions
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Q2. Technology related questions
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Q3. Differences between current and previous technologies
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Current technologies are more advanced, efficient, and user-friendly compared to previous technologies.
• Current technologies have faster processing speeds and higher storage capacities.

• Previous technologies often required manual input and were less intuitive for users.

• Current technologies offer more connectivity options and seamless integration with other devices.

• Examples: Smartphones vs. flip phones, cloud computing vs
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Q4. What's the future of current skill you are holding
Ans. 
The future of my current skill as an Associate Architect is promising, with advancements in technology and sustainable design shaping the industry.
• Continued focus on sustainable architecture and green building practices

• Integration of technology such as Building Information Modeling (BIM) and virtual reality in design processes

• Emphasis on resilient design to address climate change challenges

• Collaboration with other disc...read more
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Q1. Functional related questions
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Q2. Managerial questions
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Q1. Client round, current project
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Q2. Current project scenario, what's your approach
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Q3. How would you handle this scenario
Ans. 
I would communicate openly with the team to understand their concerns and work together to find a solution.
• Listen to the team members' concerns and perspectives

• Facilitate a discussion to gather different viewpoints

• Collaborate with the team to brainstorm potential solutions

• Implement a plan that addresses the issues raised
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Q4. Insurance related questions
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Q1. Client round, discuss multiple scenarios
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Q2. Insurance domain related questions
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Q3. Security related questions
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Q4. Authentication related questions
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Q1. Salary discussion
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Q2. Expected Joining date
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Q3. What's the Notice period
Ans. 
The notice period is one month.
• Notice period is one month

• Standard notice period in the industry

• Allows for transition time before leaving current position
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Online assessment (Technical, English, Reasoning)

Q1. Difference between Balance sheet and trial balance
Ans. 
Balance sheet shows assets, liabilities, and equity at a specific point in time. Trial balance lists all ledger accounts with their balances.
• Balance sheet is a snapshot of a company's financial position at a specific point in time.

• Trial balance is a list of all ledger accounts with their balances to ensure debits equal credits.

• Balance sheet includes assets, liabilities, and equity sections.

• Trial balance is used to prep...read more
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Q2. Standard costing formula
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Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula includes direct materials, direct labor, and overhead costs.

• It helps in comparing actual costs with standard costs to identify variances.

• Formula: Standard Cost = Standard Quantity of Inputs x Standard Price of Inputs
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Q3. Journal entries for Prepaid Accruals Depreciation with accumulated depreciation concept Provision for Bad debts DTA and DTL
Ans. 
Explanation of journal entries for Prepaid, Accruals, Depreciation, Provision for Bad debts, DTA, and DTL.
• Prepaid expenses are initially recorded as assets and then expensed over time as they are used up.

• Accruals are expenses incurred but not yet paid or revenue earned but not yet received.

• Depreciation is the allocation of the cost of a fixed asset over its useful life, with accumulated depreciation representing the to...read more
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Q4. Case study on Ind AS 115
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Q5. Preparation of balance sheet and computation of various ratios
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Preparation of balance sheet involves listing assets, liabilities, and equity. Ratios are computed using financial data from the balance sheet.
• List all assets, liabilities, and equity on the balance sheet

• Calculate various financial ratios such as current ratio, debt to equity ratio, and return on equity

• Use formulae like Current Ratio = Current Assets / Current Liabilities

• Interpret the ratios to analyze the financial he
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Q6. Accounting principles
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Q1. What is DTA and DTL
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DTA stands for Deferred Tax Asset and DTL stands for Deferred Tax Liability.
• DTA is an asset recorded on a company's balance sheet that may be used to reduce taxable income in the future.

• DTL is a liability recorded on a company's balance sheet that represents taxes that have been accrued but not yet paid.

• DTA arises when a company has overpaid taxes or has tax deductions that exceed its taxable income.

• DTL arises when a c...read more
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Q2. Accounting entry for accumulated depreciation
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Accumulated depreciation is a contra asset account that represents the total depreciation expense taken on an asset since it was acquired.
• Accumulated depreciation is recorded on the balance sheet as a reduction from the gross amount of fixed assets to arrive at the net book value.

• The accounting entry for accumulated depreciation involves debiting the depreciation expense account and crediting the accumulated depreciati...read more
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Q3. Few resume based questions
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Q4. Standard costing formula
Ans. 
Standard costing formula calculates the expected cost of a product based on predetermined standards.
• Standard costing formula = Standard cost of direct materials + Standard cost of direct labor + Standard manufacturing overhead cost

• Standard cost of direct materials = Standard quantity of materials x Standard price per unit

• Standard cost of direct labor = Standard hours of labor x Standard rate per hour

• Standard manufactur...read more
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Q5. Difference between budgeting and forecasting
Ans. 
Budgeting involves setting financial goals and allocating resources, while forecasting predicts future financial outcomes based on past data and trends.
• Budgeting is a plan for how to allocate resources and achieve financial goals

• Forecasting predicts future financial outcomes based on past data and trends

• Budgeting is typically done on an annual basis, while forecasting can be done on a shorter or longer term basis

• Budget...read more
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Q6. Meaning of variance analysis
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Variance analysis is a technique used to identify and analyze the difference between planned financial outcomes and actual results.
• Variance analysis helps in understanding the reasons for deviations from budgeted or expected figures.

• It involves comparing actual financial performance with budgeted or standard performance.

• Common types of variances include price variance, quantity variance, and mix variance.

• Variance analy...read more
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Q1. Run time polymorphism code
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Q2. Linked list code
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Q3. Deep copy shallow copy differences
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Deep copy creates a new copy of an object with its own unique memory space, while shallow copy creates a new object that references the same memory locations as the original object.
• Deep copy duplicates all nested objects, while shallow copy only duplicates the references to nested objects.

• Deep copy ensures that changes to the copied object do not affect the original object, while shallow copy may lead to unintended sid...read more
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Q1. More deep questions about polymorphism code
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Q2. Code for interchange of strings without strcpy
Ans. 
Use a loop to swap characters of two strings without using strcpy function.
• Create two arrays of characters to store the strings

• Use a loop to iterate through each character of the strings and swap them

• Ensure to handle cases where strings have different lengths
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They will see logical and lateral thinking

Q1. Oops. Solid principles. Previous project explanation
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Q2. Questions on full stack
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Q1. About company policies
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Q2. Salary
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