Virtusa Consulting Services Financial Consultant Interview Questions and Answers

An amendment is a change or alteration to an existing document, while an addendum is an additional document added to provide extra information.

• Amendment modifies existing content in a document.

• Addendum adds new information or details to a document.

• Amendment requires all parties to agree to the changes.

• Addendum can be added unilaterally by one party.

• Example: An amendment to a contract changes the payment terms. An adden

Sales documents record the sale of goods or services, while billing documents are used to request payment for those goods or services.

• Sales documents typically include details of the products or services sold, such as quantity, price, and customer information.

• Billing documents are generated after the sale to request payment from the customer, and may include payment terms, due dates, and total amount due.

• Sales document...read more

I can contribute by implementing efficient financial controls, streamlining processes, and providing accurate financial reporting.

• Implementing robust financial controls to prevent fraud and errors

• Streamlining processes to improve efficiency and reduce costs

• Providing accurate and timely financial reporting to support decision-making

• Identifying areas for cost savings and revenue generation

• Collaborating with other departm

I can contribute by streamlining processes, implementing cost-saving measures, and improving financial reporting.

• Implementing automation tools to streamline financial processes

• Identifying and implementing cost-saving measures to improve profitability

• Enhancing financial reporting accuracy and timeliness through improved systems and controls