200+ Achariya Infotech Interview Questions and Answers

Explanation of different types of constraints and primary key vs foreign key

• Constraints are rules applied to columns to maintain data integrity

• Types of constraints include NOT NULL, UNIQUE, PRIMARY KEY, FOREIGN KEY, CHECK, and DEFAULT

• Primary key is a unique identifier for a row in a table, while foreign key is a reference to a primary key in another table

• Primary key cannot have null values, while foreign key can have null values

• Primary key is used to enforce entity integrity,...read more

To open a bank account for an NRI, I would check their passport, visa, and proof of foreign address.

• Verify their passport to confirm their NRI status

• Check their visa to ensure they are legally allowed to open a bank account

• Ask for proof of foreign address, such as a utility bill or rental agreement

• Confirm if they have an NRE or NRO account

• Explain the difference between the two types of accounts and help them choose the right one

I will investigate the transaction and report it to the appropriate authorities if necessary.

• I will review the transaction details and gather any additional information that may be relevant.

• If necessary, I will consult with colleagues or superiors to determine the appropriate course of action.

• If the transaction appears to be illegal or unethical, I will report it to the appropriate authorities, such as law enforcement or regulatory agencies.

• I will maintain confidentiality and...read more

Data analysis is the process of inspecting, cleaning, transforming, and modeling data while data analytics involves using statistical and computational methods to extract insights from data.

• Data analysis is focused on preparing and organizing data for analysis

• Data analytics involves using tools and techniques to extract insights from data

• Data analysis is a subset of data analytics

• Data analytics involves more complex and advanced techniques than data analysis

• Data analysis is m...read more

Money laundering is the process of making illegally obtained money appear to be legitimate.

• It involves disguising the source of funds through a series of transactions

• The goal is to make the money appear to come from a legitimate source

• Common methods include using shell companies, offshore accounts, and cash businesses

• Money laundering is often associated with organized crime and drug trafficking

• It is illegal and can result in severe penalties, including imprisonment and fines

Documents required for opening an SME account.

• Proof of identity and address of the business owner(s)

• Proof of business registration

• Business PAN card

• GST registration certificate

• Bank statements of the business

• Business plan and projections

• KYC documents of authorized signatories

• Any other relevant documents as per the bank's requirements

I have worked on SAP code for various modules including MM, SD, and FI.

• Developed custom reports using ABAP programming language

• Implemented enhancements and modifications to existing SAP functionalities

• Worked on data migration and integration projects

• Configured and customized SAP modules to meet business requirements

False. Approximation significance is not related to H&v lookup.

• Approximation significance is a statistical concept that measures the probability of obtaining a result by chance.

• H&v lookup is a function in Excel used to search for a value in a table.

• These two concepts are not related and therefore the answer is false.

Journal entries are records of financial transactions. Cash allotment is the allocation of funds. PO and Non-PO invoices differ in their procurement process. Accrual expenses are costs incurred but not yet paid. Prepaid expenses are payments made in advance. Vendor ageing is the analysis of outstanding payments to vendors. MIS is a management information system. Trend reports show patterns and changes over time.

• Journal entries are records of financial transactions

• Cash allotme...read more

AML focuses on identifying and preventing money laundering, while KYC focuses on verifying the identity of customers.

• AML stands for Anti-Money Laundering, while KYC stands for Know Your Customer.

• AML is a set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income, while KYC is a process of verifying the identity of customers to ensure they are who they claim to be.

• AML is more concerned with the source of...read more

Banking is the business activity of accepting and safeguarding money owned by other individuals and entities.

• Banks accept deposits from customers and use that money to make loans and investments.

• They provide various financial services such as checking accounts, savings accounts, credit cards, and loans.

• Banks also play a crucial role in the economy by facilitating the flow of money and credit.

• Examples of banks include JPMorgan Chase, Bank of America, and Wells Fargo.

Types of joins and their differences

• Inner join: returns only the matching rows from both tables

• Left join: returns all rows from the left table and matching rows from the right table

• Right join: returns all rows from the right table and matching rows from the left table

• Full outer join: returns all rows from both tables, with NULL values in place of non-matching rows

• Cross join: returns the Cartesian product of both tables

• The difference between them is in the way they handle non-...read more

Accounting transactions include sales, purchases, expenses, and investments. Journal entries are made to record these transactions.

• Sales transactions involve debiting accounts receivable and crediting sales revenue.

• Purchases transactions involve debiting inventory and crediting accounts payable.

• Expense transactions involve debiting various expense accounts and crediting cash or accounts payable.

• Investment transactions involve debiting investment account and crediting cash or ...read more

Arbitration is a formal legal process where a neutral third party resolves a dispute, while pre-arbitration refers to informal negotiations before initiating the formal arbitration process.

• Arbitration is a formal legal process where parties present their case to a neutral arbitrator who makes a binding decision.

• Pre-arbitration involves informal negotiations and discussions between parties before deciding to proceed with formal arbitration.

• Arbitration typically follows a set o...read more

Data analytics is the process of examining and interpreting data to draw conclusions and make informed decisions.

• It involves collecting, cleaning, and organizing data

• Applying statistical and mathematical models to analyze data

• Visualizing and presenting data in a meaningful way

• Examples include predicting customer behavior, optimizing business operations, and identifying trends in healthcare data

Where is used to indicate a location or position, while having is used to show possession or ownership.

• Where is used to ask about a place or location, while having is used to talk about something that someone possesses or owns.

• Where can also be used as a conjunction to introduce a subordinate clause that describes a location.

• Having can also be used as a gerund or present participle to describe an action of possessing or owning something.

• Example: Where did you go? vs. Having a...read more

Fixed assets can be categorized into tangible and intangible assets.

• Tangible assets include property, plant, and equipment (PPE), such as buildings, machinery, and vehicles.

• Intangible assets include patents, copyrights, trademarks, and goodwill.

• Fixed assets are long-term assets that are not intended for sale and are used in the production of goods or services.

• Fixed assets are recorded on the balance sheet and are subject to depreciation or amortization over their useful lives...read more

The question is asking about converting text to columns.

• Text to column is a feature in spreadsheet software that allows you to split a single column of text into multiple columns based on a delimiter.

• This feature is commonly used to separate data that is combined in a single cell into separate cells for easier analysis or manipulation.

• For example, if you have a column of full names in the format 'First Name Last Name', you can use text to column to split the names into separa...read more

Money laundering involves several processes to make illegally obtained money appear legitimate.

• Placement: Introducing illicit funds into the financial system

• Layering: Conducting complex transactions to obscure the origin of funds

• Integration: Making the laundered money appear legitimate by merging it with legal funds

• Examples: Shell companies, offshore accounts, smurfing, trade-based laundering

Linking between Income Statement, Balance sheet and cash flow statement

• The net income from the income statement is added to the retained earnings in the balance sheet

• Changes in assets and liabilities in the balance sheet affect the cash flow statement

• Net cash flow from operating activities in the cash flow statement is derived from the income statement and balance sheet

• Net cash flow from investing and financing activities in the cash flow statement is derived from the balance...read more

OTC cycle refers to the process of over-the-counter trading of securities.

• OTC trading involves direct trading between two parties without the involvement of an exchange.

• The cycle involves the negotiation of terms, execution of the trade, and settlement of the transaction.

• OTC trades are typically less regulated and less transparent than exchange-traded securities.

• Examples of OTC securities include stocks, bonds, and derivatives.

• OTC trading is often used by small companies or t...read more

US Banking is a complex system of financial institutions that provide various services to individuals and businesses.

• US Banking is regulated by various federal and state agencies such as the Federal Reserve, FDIC, and OCC.

• There are different types of banks such as commercial banks, community banks, and credit unions.

• Banks offer services such as checking and savings accounts, loans, mortgages, and credit cards.

• The US banking system plays a crucial role in the economy by provid...read more

A delimiter in Excel is a character used to separate data in a cell or column.

• Common delimiters include commas, semicolons, and tabs.

• Delimiters can be used in functions like CONCATENATE and TEXTJOIN.

• Delimiters can also be used when importing or exporting data from Excel.

• Example: =CONCATENATE(A1,", ",B1) would join the values in cells A1 and B1 with a comma and space delimiter.

Money laundering can take various forms to conceal the illegal source of funds.

• Structuring transactions to avoid reporting requirements

• Using shell companies or offshore accounts to hide the true ownership of assets

• Investing in legitimate businesses to mix illicit funds with clean money

• Using cash-intensive businesses like casinos or car washes to launder money

• Trade-based money laundering through over- or under-invoicing of goods or services

• Using virtual currencies like Bitcoin...read more

FB03 is a transaction code in SAP used to display financial accounting documents.

• FB03 is used to view accounting documents such as invoices, credit memos, and payment receipts.

• It allows users to search for documents based on various criteria such as document number, posting date, and company code.

• FB03 also provides options to display document details, line items, and accounting entries.

• It is commonly used by finance and accounting professionals to review and analyze financial...read more

Asset management involves managing a portfolio of assets on behalf of clients, while investment banking focuses on providing financial advisory services and raising capital for companies.

• Asset management involves managing a portfolio of assets (stocks, bonds, real estate, etc.) on behalf of clients to achieve their investment goals.

• Investment banking involves providing financial advisory services, underwriting securities, and facilitating mergers and acquisitions to help comp...read more

The MRC document typically consists of sections such as Introduction, Methods, Results, and Conclusion.

• Introduction provides background information and sets the stage for the research

• Methods detail how the research was conducted

• Results present the findings of the research

• Conclusion summarizes the key points and implications of the research

Money laundering is the process of making illegally obtained money appear legal, while terrorist financing is the act of providing funds or resources to support terrorist activities.

• Money laundering involves disguising the source of illegally obtained funds through a series of transactions to make it appear legitimate.

• Terrorist financing involves providing financial support to individuals or groups involved in terrorist activities.

• Money laundering can be used to fund terroris...read more

The number of volunteers required for stage four clinical trials varies depending on the specific study.

• The number of volunteers needed for stage four clinical trials is determined by the study protocol and the specific objectives of the trial.

• Stage four clinical trials typically involve a larger number of participants compared to earlier stages.

• The sample size for stage four clinical trials can range from hundreds to thousands of volunteers.

• Factors such as the rarity of the ...read more

WNS is a global business process management company.

• WNS provides services in industries such as healthcare, banking, insurance, and travel.

• It was founded in 1996 and is headquartered in Mumbai, India.

• WNS has over 40,000 employees and operates in over 16 countries.

• Some of its services include finance and accounting, customer care, and research and analytics.

Credibility of sources in secondary research is crucial for accurate and reliable information.

• Verify the reputation and expertise of the source

• Check for bias or conflicts of interest

• Cross-reference information with multiple sources

• Look for peer-reviewed studies or reputable publications

• Consider the date of the source to ensure relevance and accuracy

Cash flow refers to the movement of money in and out of a business. Methods include direct and indirect, operating, investing, and financing activities.

• Cash flow is crucial for a business to meet its financial obligations and invest in growth.

• Direct method involves tracking actual cash inflows and outflows, while indirect method starts with net income and adjusts for non-cash items.

• Operating activities include cash transactions related to revenue and expenses, investing activ...read more

Accrued expenses and income are expenses and income that have been incurred but not yet paid or received.

• Accrued expenses refer to expenses that have been incurred but not yet paid, such as salaries, interest, or utilities.

• Accrued income refers to income that has been earned but not yet received, such as interest income or rent.

• Accrued expenses and income are recorded in the financial statements to reflect the true financial position of a company.

• Accrued expenses and income a...read more

I would choose remote desktop software like TeamViewer or AnyDesk to take remote and resolve user issues.

• Remote desktop software allows me to access the user's computer remotely and troubleshoot the issue directly.

• TeamViewer and AnyDesk are popular choices for remote desktop access as they provide secure and reliable connections.

• These software solutions offer features like file transfer, screen sharing, and remote control to efficiently diagnose and fix problems.

• By using remo...read more

GL stands for General Ledger. It is a record-keeping system that contains all financial transactions of a company.

• GL is used to track and manage financial transactions such as sales, purchases, and expenses.

• It helps in creating financial statements like balance sheets and income statements.

• GL is an important part of accounting and financial management.

• Examples of GL software include QuickBooks and SAP.

• GL accounts are categorized into assets, liabilities, equity, revenue, and ...read more

Intercompany reconciliation is the process of ensuring that transactions between different entities within the same company are properly recorded and balanced.

• It involves comparing and reconciling transactions between different entities within the same company

• It helps to identify and resolve any discrepancies or errors in the financial records

• Examples include reconciling intercompany accounts payable and receivable, intercompany loans, and intercompany inventory transfers

An invoice copy typically includes details such as the company name, address, invoice number, date, items purchased, quantities, prices, and total amount due.

• Company name and address

• Invoice number

• Date of invoice

• Items purchased

• Quantities of items

• Prices of items

• Total amount due

Regression analysis is a statistical method used to determine the relationship between a dependent variable and one or more independent variables.

• It helps in predicting the value of the dependent variable based on the values of the independent variables.

• It is used in various fields such as finance, economics, social sciences, and engineering.

• Linear regression is the most common type of regression analysis.

• Examples include predicting the price of a house based on its size, loc...read more

Anti money laundering refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.

• AML is a set of measures designed to prevent money laundering and terrorist financing.

• It involves identifying and verifying the identity of customers, monitoring transactions, and reporting suspicious activity.

• Examples of suspicious activity include large cash deposits, frequent international transfers, and transacti...read more

Month end activity refers to the tasks and processes that are completed at the end of each month to close out financial records.

• Reconciling bank accounts

• Preparing financial statements

• Closing out accounts payable and accounts receivable

• Reviewing and adjusting budgets

• Preparing tax filings

• Performing inventory counts

• Updating financial records and reports

Explanation of sales with discount journal entry

• Sales with discount is a common practice to attract customers

• The journal entry for sales with discount involves debiting the sales account and crediting the discount account

• For example, if a product is sold for $100 with a 10% discount, the journal entry would be: Debit Sales $90, Credit Discount $10

Routers work with firewalls, access lists, switching, BGP, SSH, Telnet, DHCP, and DNS to manage network traffic and connectivity.

• Routers use access lists to control traffic flow and enforce security policies.

• Switching allows routers to forward packets to their intended destinations.

• BGP is a routing protocol used to exchange routing information between different networks.

• SSH and Telnet are protocols used to remotely access and manage routers.

• DHCP servers assign IP addresses to...read more

Receivables refer to the money owed to a company by its customers for goods or services provided on credit.

• Receivables are recorded as assets on a company's balance sheet.

• They represent the amount of money that a company expects to receive from its customers.

• Receivables can be short-term or long-term depending on the payment terms agreed upon with the customer.

• Examples of receivables include outstanding invoices, loans, and credit card balances.

• Managing receivables is importa...read more

Yes, I am aware of pharma forecasting techniques.

• Pharma forecasting techniques involve analyzing historical data, market trends, and other factors to predict future demand for pharmaceutical products.

• Some common techniques include time series analysis, regression analysis, and simulation modeling.

• Forecasting can help companies make informed decisions about production, inventory, and pricing.

• Accuracy of forecasts can be improved by incorporating external factors such as regula...read more

Accrual entries are accounting entries made to record revenue or expenses that have been earned or incurred but not yet received or paid.

• Accrual entries are used to match revenue and expenses to the period in which they were earned or incurred.

• They are made at the end of an accounting period to record revenue or expenses that have been earned or incurred but not yet received or paid.

• Examples of accrual entries include accrued interest, accrued salaries, and accrued taxes.

• Accr...read more

Amortisation is the process of spreading the cost of an intangible asset over its useful life, while depreciation is the process of spreading the cost of a tangible asset over its useful life.

• Amortisation is used for intangible assets like patents, copyrights, and trademarks, while depreciation is used for tangible assets like buildings, machinery, and vehicles.

• Amortisation is typically calculated using the straight-line method, while depreciation can be calculated using vari...read more

Non-PO refers to purchases made without a purchase order.

• Non-PO purchases are made without a formal purchase order.

• These purchases are typically made for urgent or small items.

• Non-PO purchases may require additional approval or documentation.

• Examples of Non-PO purchases include office supplies, travel expenses, and minor repairs.

Goodwill can be removed only if it is impaired, meaning its value has decreased significantly.

• Goodwill can be removed if it is impaired, meaning its value has decreased significantly.

• Impairment of goodwill occurs when the fair value of a reporting unit is less than its carrying amount.

• Goodwill impairment is tested annually or whenever there is an indication that it may be impaired.

• If impairment is identified, the amount of impairment is recognized as a loss on the income stat...read more

The golden rule of accounting is to debit the receiver and credit the giver. The journal entry for goods purchase involves debiting the purchases account and crediting the accounts payable or cash account.

• Golden rule of accounting: Debit the receiver, credit the giver

• Journal entry for goods purchase: Debit purchases account, credit accounts payable or cash account

• Example: Purchasing inventory on credit - Debit purchases account, credit accounts payable

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Derivatives can be used for hedging, speculation, or arbitrage.

• Examples of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before a certain date.

• Futures are contracts to buy or sell an asset at a predetermined price on a specified future date.

• Forwards are simil...read more

Procurement is the process of acquiring goods or services from an external source.

• Procurement involves identifying the need for goods or services

• It includes selecting suppliers, negotiating contracts, and placing orders

• Procurement also involves managing supplier relationships and monitoring performance

• Examples of procurement include purchasing office supplies, hiring contractors for construction projects, and outsourcing IT services

AML stands for Anti-Money Laundering and KYC stands for Know Your Customer. Both are important in preventing financial crimes.

• AML is a set of regulations and procedures designed to prevent money laundering and terrorist financing.

• KYC is the process of verifying the identity of customers and assessing their potential risks.

• AML and KYC are often used together to ensure compliance with regulations and prevent financial crimes.

• Examples of AML and KYC measures include customer due...read more

Issuer is the entity that issues credit cards or payment cards, while acquirer is the financial institution that processes card transactions.

• Issuer is the entity that issues credit cards to consumers or businesses.

• Acquirer is the financial institution that processes card transactions on behalf of merchants.

• Issuers are responsible for setting credit limits, fees, and interest rates.

• Acquirers facilitate the authorization, clearing, and settlement of card transactions.

• Examples: ...read more

Deferred revenue is an accounting term that refers to revenue received in advance but not yet earned.

• Deferred revenue is a liability on a company's balance sheet.

• It is recognized as revenue only when the goods or services are delivered or performed.

• Examples include subscription fees, advance payments for services, and gift cards.

• Deferred revenue is also known as unearned revenue or advance payments.

• It is important for companies to properly account for deferred revenue to avoi...read more

RTR cycle involves recording, transferring, and reconciling financial transactions.

• Record: Capture all financial transactions in the accounting system.

• Transfer: Move recorded transactions to appropriate accounts or ledgers.

• Reconcile: Ensure all transactions are accurately reflected and balanced.

• Example: Record sales revenue, transfer to the revenue account, and reconcile with bank statements.

Pick a fruit from the jar labeled Apples and Oranges, then pick a fruit from the jar labeled Oranges (since it can't be Oranges), and finally pick a fruit from the jar labeled Apples (since it can't be Apples).

• Pick a fruit from the jar labeled Apples and Oranges

• Since the jar labeled Oranges can't be Oranges, it must be Apples and Oranges

• The remaining jar must be Apples

Accounts payable is the amount of money a company owes to its vendors or suppliers for goods and services received.

• It is a liability account in the company's balance sheet.

• It includes invoices, bills, and other expenses that are yet to be paid.

• It is an important aspect of cash flow management.

• Examples include rent, utilities, office supplies, and inventory purchases.

Widmung ist für mich eine besondere Form der Anerkennung und Wertschätzung.

• Widmung zeigt, dass man jemandem etwas Besonderes widmet

• Es kann ein Buch, ein Lied oder ein Kunstwerk sein

• Es drückt Dankbarkeit und Respekt aus

I am drawn to the fast-paced and dynamic nature of the BPO industry, where I can utilize my skills in problem-solving and client management.

• Opportunity to work with diverse clients and industries

• Fast-paced environment that challenges me to think on my feet

• Utilize my strong communication and problem-solving skills

• Potential for career growth and development

• Example: Working in a BPO firm allowed me to interact with clients from various countries, honing my cultural awareness and...read more

I have experience with various types of databases, including MS SQL. Proficient in MS SQL.

• Experienced with MS SQL database management

• Familiar with database querying using MS SQL

• Proficient in writing and optimizing MS SQL queries

My weakness is that I sometimes struggle with speaking fluently in complex or technical topics.

• I tend to get nervous when discussing advanced grammar rules.

• I find it challenging to express myself clearly in highly specialized vocabulary.

• I may need some time to gather my thoughts before responding to complex questions.

• I am actively working on improving my fluency in technical German.

Explaining the difference between procurer and function, and the purpose of Option Explicit in VBA development.

• Procurer does not return a value to the user, while Function does.

• Option Explicit is used to declare variables at the module level, making it mandatory.

• Project explanation refers to the description of what was done in a particular project.

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance.

• EBITDA is calculated by adding back interest, taxes, depreciation, and amortization to net income.

• It is used to analyze and compare profitability between companies and industries.

• EBITDA provides a clearer picture of a company's financial health by excluding non-operating expenses.

• Investors often use EBITDA to assess a company's ability to gen...read more

Cash Conversion Cycle is the time taken to convert inventory into cash.

• It measures the efficiency of a company's cash flow.

• It includes the time taken to sell inventory, collect receivables, and pay suppliers.

• A shorter cycle indicates better cash flow management.

• Formula: CCC = DIO + DSO - DPO

• DIO = Days Inventory Outstanding, DSO = Days Sales Outstanding, DPO = Days Payable Outstanding

Power BI has various types of filters such as visual, page, report, drill-through, and slicer filters.

• Visual filters apply to a single visual or chart.

• Page filters apply to all visuals on a single page.

• Report filters apply to all visuals in a report.

• Drill-through filters allow users to navigate to more detailed data.

• Slicer filters allow users to filter data across multiple visuals.

Visa reason codes are specific codes assigned to visa applications to indicate the reason for the application.

• Visa reason codes help immigration authorities understand the purpose of the applicant's visit.

• Common reason codes include tourism (B2), work (H1B), study (F1), and family reunion (IR1).

• Each reason code has specific requirements and documentation needed for approval.

Yes, I am willing to work night shifts.

• I am comfortable working night shifts and have done so in the past.

• I understand the importance of being available for work during non-traditional hours.

• I am willing to adjust my schedule to accommodate night shifts as needed.

I would utilize the 1 acre of land near my college for creating a sustainable community garden.

• Establishing vegetable and fruit gardens to promote healthy eating among students

• Setting up a composting area to reduce waste and enrich the soil

• Creating a space for outdoor classes and events to enhance learning and community engagement

James Lind is considered the father of clinical research.

• James Lind, a Scottish physician, conducted the first controlled clinical trial in 1747.

• His experiment involved sailors suffering from scurvy and tested different treatments to find the most effective one.

• Lind's work laid the foundation for modern clinical research and the development of evidence-based medicine.

Estes and Fed ed process are two different methods of data entry used in the industry.

• Estes process involves entering data from paper documents into a computer system.

• Fed ed process involves entering data from electronic documents into a computer system.

• Both processes require accuracy and attention to detail.

• Examples of industries that use these processes include healthcare, finance, and government agencies.

The stages of clinical research include preclinical testing, Phase 1, Phase 2, Phase 3, and Phase 4.

• Preclinical testing involves laboratory and animal studies to assess the safety and effectiveness of a potential treatment.

• Phase 1 focuses on determining the safety and dosage of the treatment in a small group of healthy volunteers.

• Phase 2 involves testing the treatment in a larger group of patients to evaluate its effectiveness and side effects.

• Phase 3 includes a larger-scale ...read more

The golden rule of accounting states that debit what comes in and credit what goes out.

• Debit what comes in and credit what goes out

• Helps maintain the balance in accounting equations

• Used to ensure accuracy in financial transactions

Three assets for NSCLC or any solid tumor are chemotherapy, radiation therapy, and targeted therapy.

• Chemotherapy involves the use of drugs to kill cancer cells

• Radiation therapy uses high-energy radiation to destroy cancer cells

• Targeted therapy targets specific molecules that help cancer cells grow and divide

• Examples of targeted therapy drugs include gefitinib and erlotinib for NSCLC

• Chemotherapy drugs for NSCLC include cisplatin and carboplatin

• Radiation therapy for NSCLC can b...read more

To manage shrinkage and attrition, I follow a process involving regular monitoring, analysis, and implementation of strategies.

• Regularly monitor key performance indicators related to shrinkage and attrition such as turnover rates, absenteeism, and theft incidents

• Analyze root causes of shrinkage and attrition through employee feedback, exit interviews, and data analysis

• Implement strategies to address identified issues such as improving employee engagement, training programs, a...read more

Groups are created by categorizing data based on certain criteria, while bins are specific ranges used to group continuous data.

• Groups are created by categorizing data based on certain criteria, such as age groups or product categories.

• Bins are specific ranges used to group continuous data, such as age ranges or income brackets.

• Groups can be created based on qualitative data, while bins are used for quantitative data.

• Example: Grouping customers based on their purchase history...read more

Client's SLA is 99.9% uptime. If missed, communicate with client, investigate root cause, and implement corrective actions.

• Client's SLA is 99.9% uptime

• Communicate with client immediately if SLA is missed

• Investigate root cause of SLA miss

• Implement corrective actions to prevent future SLA misses

Effective strategies for controlling population growth include family planning, education, healthcare, and economic development.

• Promoting family planning and access to contraceptives

• Improving education, especially for women, to empower them to make informed decisions about family size

• Providing quality healthcare services, including maternal and child health care

• Encouraging economic development to reduce poverty and incentivize smaller families

Shipping process involves the handling, packaging, and transportation of goods from one location to another.

• Shipping process includes order processing, packaging, labeling, and transportation.

• It involves selecting the appropriate shipping method based on factors like cost, speed, and destination.

• Tracking and monitoring shipments to ensure timely delivery is a crucial part of the process.

• Shipping process may involve customs clearance for international shipments.

• Efficient shipp...read more

Deferred Tax Liability is a balance sheet item that represents the amount of income tax that a company will owe in the future.

• It arises due to temporary differences between the book and tax values of assets and liabilities

• It is calculated using the tax rate that is expected to apply in the period when the liability is settled

• It is a non-current liability and is reported on the balance sheet

• Examples include depreciation and amortization expenses, and differences in revenue rec...read more

Accounting is the process of recording, classifying, and summarizing financial transactions to provide information that is useful in making business decisions.

• Basic principles of accounting include the accounting equation, double-entry accounting, and the accrual basis of accounting.

• The accounting equation states that assets must equal liabilities plus equity.

• Double-entry accounting requires that every transaction have equal debits and credits.

• The accrual basis of accounting ...read more

Handled various activities related to project management, client communication, and team coordination.

• Managed project timelines and deliverables

• Coordinated with cross-functional teams for project execution

• Communicated with clients to understand their requirements and provide updates

• Conducted team meetings to ensure project progress and resolve issues

• Prepared project reports and presentations for senior management

Sanctions are penalties imposed on individuals, organizations, or countries to enforce desired behavior or punish violations.

• Economic sanctions: Restricting trade, investment, or financial transactions with a targeted entity.

• Diplomatic sanctions: Limiting or severing diplomatic relations with a country or organization.

• Military sanctions: Imposing restrictions on military cooperation or arms sales.

• Individual sanctions: Targeting specific individuals with travel bans, asset fre...read more

Accrual concept is a method of accounting where revenues and expenses are recognized when earned or incurred, regardless of when payment is received or made.

• Accrual accounting recognizes revenue when it is earned, not when payment is received

• Expenses are recognized when they are incurred, not when payment is made

• This method provides a more accurate picture of a company's financial health

• Example: A company provides services in December but doesn't receive payment until January...read more

Yes, I would like to be a pioneer for the client of mortgage underwriting operations management.

• Being a pioneer in this field would allow me to contribute to the development and improvement of mortgage underwriting operations.

• I would have the opportunity to implement innovative strategies and processes to enhance efficiency and accuracy in underwriting operations.

• Being a pioneer would also involve staying updated with industry trends and regulations to ensure compliance and d...read more

The type of accident shown in the video is a car crash.

• Car crash

• Collision between vehicles

• Possible injuries to passengers

Deferred revenue expenditure refers to expenses that are incurred in one accounting period but are recognized over a period of time.

• Deferred revenue expenditure is recorded as an asset on the balance sheet and is gradually expensed over the period of benefit.

• Accounting entries for deferred revenue expenditure involve debiting the asset account and crediting the expense account over the useful life of the expenditure.

• Examples of deferred revenue expenditure include advertising...read more

Trade payment methods include cash, credit, and electronic transfers. Product cycle includes development, introduction, growth, maturity, and decline.

• Trade payment methods refer to the ways in which a buyer can pay for goods or services.

• Cash payment involves physical currency exchange.

• Credit payment involves borrowing money and paying it back with interest.

• Electronic transfers involve the use of technology to transfer funds.

• Product cycle refers to the stages a product goes th...read more

Accounts Receivable is the money owed to a company by its customers for goods or services sold on credit.

• It is a current asset on the balance sheet

• It represents the amount of money that a company is owed by its customers

• It is typically collected within a certain period of time, usually 30-90 days

• Examples include invoices sent to customers for payment of goods or services

• It is important for a company to manage its accounts receivable to ensure timely payment and cash flow

Impairment is a sudden decrease in the value of an asset, while depreciation is a gradual decrease in the value of an asset over time.

• Impairment is usually caused by external factors such as economic downturns or changes in market conditions.

• Depreciation is a result of wear and tear, obsolescence, or the passage of time.

• Impairment is recognized as a loss on the income statement, while depreciation is recognized as an expense.

• Impairment is usually a one-time event, while depre...read more

Forecasting algorithms include ARIMA, exponential smoothing, and machine learning models. Best fit model minimizes error between predicted and actual values.

• Common forecasting algorithms include ARIMA, exponential smoothing, and machine learning models like random forests or neural networks

• ARIMA (AutoRegressive Integrated Moving Average) is a popular time series forecasting method that takes into account past values and trends

• Exponential smoothing assigns exponentially decrea...read more

Lloyd's of London Market is a specialized insurance market known for insuring unique and high-risk items. General insurance covers non-life assets and liabilities. Financial statements show a company's financial performance.

• Lloyd's of London Market is a specialized insurance market based in London, known for insuring unique and high-risk items such as ships, aircraft, and fine art.

• General insurance, also known as non-life insurance, covers assets and liabilities that are not ...read more

The default algorithm behind Azure Search is TF-IDF (Term Frequency-Inverse Document Frequency).

• TF-IDF is a statistical measure used to evaluate the importance of a term within a document or a collection of documents.

• It calculates a weight for each term based on its frequency in a document and its rarity in the entire document collection.

• The higher the TF-IDF score, the more relevant the term is to a specific document.

• Azure Search uses TF-IDF to rank search results based on t...read more

Shrinkage and attrition are terms used in business to describe loss of resources and employees respectively. Shrinkage is calculated as a percentage of lost inventory, while attrition is calculated as a percentage of employees leaving the company.

• Shrinkage refers to the loss of inventory or assets due to theft, damage, errors, or other factors.

• Shrinkage can be calculated by dividing the value of lost inventory by the total value of inventory, and then multiplying by 100 to ge...read more

HTML stands for Hypertext Markup Language.

• HTML is the standard markup language for creating web pages.

• It is used to structure content on the internet.

• HTML tags are used to define elements on a webpage, such as headings, paragraphs, images, links, etc.

Types of invoices include proforma, commercial, utility, and credit invoices.

• Proforma invoice: issued before the actual sale takes place, used for customs purposes

• Commercial invoice: issued after the sale, includes details of the transaction

• Utility invoice: bill for services like electricity, water, or gas

• Credit invoice: issued to correct errors on a previous invoice

Types of AP challenges include invoice processing errors, duplicate payments, and missing discounts.

• Invoice processing errors

• Duplicate payments

• Missing discounts

Sourcing is the process of finding, evaluating, and selecting suppliers for goods and services.

• Identifying potential suppliers through research and networking

• Evaluating suppliers based on criteria such as quality, price, and reliability

• Negotiating contracts and terms with selected suppliers

• Managing relationships with suppliers to ensure timely delivery and quality

• Monitoring supplier performance and making improvements as needed