Consultant II Interview Questions and Answers

Identified lack of segregation of duties in financial reporting resulting in potential fraud risk

• Identified a lack of segregation of duties in the financial reporting process

• This created a potential fraud risk for the client

• Provided recommendations for implementing proper segregation of duties

• Client implemented our recommendations, reducing the risk of fraud

• Resulted in increased confidence in the accuracy of financial reporting

Explanation of GR/IR and SR/IR entry flow in SAP with GST updates.

• GR/IR (Goods Receipt/Invoice Receipt) is used to manage the procurement process in SAP.

• SR/IR (Service Receipt/Invoice Receipt) is used to manage the service procurement process in SAP.

• GR/IR and SR/IR entries are used to reconcile the differences between goods or services received and invoiced.

• With GST updates, the tax codes and rates are updated in the system for accurate tax calculations.

• The GR/IR and SR/IR en...read more

Linear regression is a statistical method used to model the relationship between a dependent variable and one or more independent variables.

• Linear regression is used to predict the value of a dependent variable based on the value of one or more independent variables.

• It assumes a linear relationship between the independent and dependent variables.

• The goal of linear regression is to find the best-fitting line that represents the relationship between the variables.

• The line is de...read more