Senior Associate 2

50+ Senior Associate 2 Interview Questions and Answers

Updated 16 Jul 2025
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Asked in PwC

5d ago

Q. Can you describe a specific process with which you are familiar, such as Procure to Pay (P2P), Order to Cash (OTC), or Record to Report (RTR), and discuss the major risks associated with that process along with...

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Ans.

Discussing the Order to Cash (OTC) process and its associated risks.

  • 1. Credit Risk: Customers may default on payments, impacting cash flow. Example: A major client goes bankrupt.

  • 2. Order Fulfillment Risk: Errors in order processing can lead to incorrect shipments. Example: Wrong product shipped to a customer.

  • 3. Data Integrity Risk: Inaccurate data entry can cause invoicing issues. Example: Incorrect pricing entered in the system.

  • 4. Compliance Risk: Failure to adhere to regula...read more

Q. How to make calls? and What are the Information will be taken on Call

Ans.

Making calls involves preparing, initiating, and conducting conversations to gather information or communicate with others.

  • Prepare by researching the topic or person you are calling about

  • Introduce yourself and the purpose of your call

  • Ask relevant questions to gather information

  • Take notes during the call to remember important details

  • Thank the person for their time and follow up if necessary

Senior Associate 2 Interview Questions and Answers for Freshers

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Q. How do you troubleshoot Outlook when it is unable to send and receive mail?

Ans.

Troubleshooting steps for Outlook unable to send and receive mail

  • Check internet connection

  • Verify email server settings

  • Check Outlook settings and configuration

  • Restart Outlook or computer

  • Check for any software conflicts or antivirus blocking emails

Asked in PwC

3d ago

Q. What is the difference between internal audit, Internal Financial Controls (IFC), and Internal Control over Financial Reporting (ICFR)?

Ans.

Internal audit evaluates risk management; IFC focuses on financial controls; ICFR ensures accurate financial reporting.

  • Internal Audit: An independent assessment of an organization's operations, risk management, and governance processes. Example: Evaluating compliance with policies.

  • Internal Financial Controls (IFC): Processes designed to ensure the integrity of financial reporting and compliance with laws. Example: Segregation of duties in financial transactions.

  • Internal Contr...read more

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3d ago

Q. What are the journal entries involved in accounting for prepaid expenses?

Ans.

Prepaid expenses are recorded as assets and expensed over time as they are used.

  • Initial entry: Debit Prepaid Expense (asset) and Credit Cash (or Accounts Payable). Example: Prepaying $1,200 for a year's insurance.

  • Monthly adjustment: Debit Expense and Credit Prepaid Expense. Example: At month-end, recognize $100 insurance expense.

  • Prepaid expenses are amortized over the period they benefit, ensuring accurate financial reporting.

Q. How do investor services and transfer agency functions work?

Ans.

Investor services and transfer agency manage investor accounts, transactions, and regulatory compliance for funds.

  • Investor services handle client inquiries, account maintenance, and reporting.

  • Transfer agency functions include processing transactions like purchases, redemptions, and transfers of fund shares.

  • Example: A transfer agent ensures accurate record-keeping of shareholder information and transactions.

  • They also manage dividend distributions and tax reporting for investor...read more

Senior Associate 2 Jobs

Novo Nordisk Service Centre (India)Private Limited logo
Senior Associate II - Sourcing 5-8 years
Novo Nordisk Service Centre (India)Private Limited
4.0
₹ 7 L/yr - ₹ 12 L/yr
(AmbitionBox estimate)
Bangalore / Bengaluru
Alcon Laboratories (India) Pvt. Ltd logo
Sr. Associate II 3-7 years
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Epsilon Asia Group Of Companies logo
Senior Associate L2- Full Stack 4-8 years
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6d ago

Q. What is lol and super cap, indemnity clause and imp clause in MSA

Ans.

LOL stands for Limitation of Liability, Super Cap is a maximum liability limit, Indemnity clause outlines responsibilities in case of damages, Imp clause refers to important clauses in a Master Service Agreement (MSA).

  • LOL (Limitation of Liability) restricts the amount a party can be liable for in case of breach or damages.

  • Super Cap is a maximum limit on liability that a party can be held accountable for.

  • Indemnity clause specifies the responsibilities of each party in case of ...read more

Asked in TCS

1d ago

Q. What is the difference between C and C++?

Ans.

C is a procedural programming language while C++ is an object-oriented programming language.

  • C++ supports classes and objects while C does not.

  • C++ has better support for polymorphism and inheritance.

  • C++ has a larger standard library compared to C.

  • C++ allows function overloading while C does not.

  • C++ supports exception handling while C does not.

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3d ago

Q. What is the journal entry required to record an intercompany transaction?

Ans.

Intercompany transactions require specific journal entries to reflect the exchange between related entities accurately.

  • Identify the nature of the transaction (e.g., sale of goods, services rendered).

  • Debit the receiving entity's account and credit the providing entity's account.

  • Example: If Company A sells goods to Company B for $1,000, Company A would credit Sales Revenue and Company B would debit Inventory.

  • Ensure compliance with transfer pricing regulations to reflect fair ma...read more

Asked in Wipro

6d ago

Q. If one interface is implemented by two classes, how do you register them in Startup.cs?

Ans.

To register multiple implementations of an interface in startup.cs, use the IServiceCollection interface.

  • Use the IServiceCollection interface in the ConfigureServices method of the Startup class to register multiple implementations of an interface.

  • Use the AddTransient, AddScoped, or AddSingleton methods to register the implementations with the interface.

  • For example, if you have an interface IExampleInterface implemented by classes ClassA and ClassB, you can register them like...read more

Asked in Wipro

6d ago

Q. About banking product ? Explain Opp concept?

Ans.

OPP concept refers to Other People's Money, which is a banking strategy where an individual or business uses borrowed funds to invest or make purchases.

  • OPP concept involves leveraging borrowed funds to generate profits or increase purchasing power.

  • It allows individuals or businesses to use someone else's money to make investments or purchases.

  • The idea is to generate a higher return on investment than the cost of borrowing the funds.

  • For example, a real estate investor may use ...read more

6d ago

Q. What is the difference between Windows 7 and Windows 10?

Ans.

Windows 7 and 10 are both operating systems developed by Microsoft, but they have differences in terms of features, interface, and support.

  • Windows 10 has a more modern and user-friendly interface compared to Windows 7.

  • Windows 10 offers better security features such as Windows Hello and Windows Defender compared to Windows 7.

  • Windows 10 has better support for newer hardware and technologies compared to Windows 7.

  • Windows 10 receives regular updates and support from Microsoft, wh...read more

Asked in PwC

1d ago

Q. How do you encrypt a BIP Report in Oracle Fusion?

Ans.

Encrypting BIP Report in Oracle Fusion

  • Use BI Publisher to create the report

  • Set up data model and layout for the report

  • Navigate to the report properties and select 'Encrypt Output' option

  • Choose the encryption method and provide necessary details

  • Run the report to generate encrypted output

6d ago

Q. After slitting, what attributes are checked upon doff completion?

Ans.

Post-slit doff complete time involves checking various attributes to ensure quality and compliance.

  • Check for any visible defects or inconsistencies in the product.

  • Verify dimensions and tolerances against specifications.

  • Assess the surface finish for quality assurance.

  • Conduct functional tests to ensure performance standards are met.

  • Review documentation for accuracy and completeness.

6d ago

Q. What is the journal entry for recording deferred revenue?

Ans.

Deferred revenue is recorded as a liability until the service is performed or the product is delivered.

  • Deferred revenue is recognized when cash is received before services are rendered or goods are delivered.

  • The journal entry typically involves a debit to cash and a credit to deferred revenue.

  • Example: If a company receives $1,000 for a service to be provided next month, the entry would be: Debit Cash $1,000, Credit Deferred Revenue $1,000.

  • Once the service is performed, the de...read more

Asked in PwC

6d ago

Q. How do you check the performance of a BI Report?

Ans.

Performance of BI Report can be checked by analyzing response time, data accuracy, user feedback, and system resource usage.

  • Analyze response time to ensure reports load quickly

  • Verify data accuracy by comparing with source data

  • Collect user feedback to identify any issues or improvements needed

  • Monitor system resource usage to ensure optimal performance

Asked in PwC

1d ago

Q. Integration processes and protocols used for standard integration of HES with MDM system

Ans.

Standard integration of HES with MDM system involves utilizing APIs, data mapping, data transformation, and data synchronization processes.

  • Utilize APIs to establish communication between HES and MDM system

  • Implement data mapping to ensure proper alignment of data fields between systems

  • Utilize data transformation processes to convert data formats as needed

  • Implement data synchronization to ensure real-time data updates between systems

Asked in PwC

3d ago

Q. What does Pick Action do in OIC?

Ans.

Pick Action in OIC allows users to select and perform actions on specific data records.

  • Pick Action is used to select individual data records in OIC for further processing.

  • Users can perform actions such as update, delete, or send notifications on the selected records.

  • It helps in streamlining data management and automating processes in OIC.

Asked in PwC

1d ago

Q. Authentication & Authorization used in our project

Ans.

Our project uses authentication and authorization to control access to resources.

  • We use OAuth 2.0 for authentication.

  • Authorization is based on user roles and permissions.

  • Access control lists (ACLs) are used to restrict access to specific resources.

  • We also implement two-factor authentication for added security.

  • All authentication and authorization events are logged for auditing purposes.

Asked in PwC

3d ago

Q. How do you implement centralized exception handling in a Spring Boot application?

Ans.

Centralised exception handling in Spring Boot allows for consistent error handling across the application.

  • Use @ControllerAdvice annotation to define global exception handling for all controllers

  • Create a class annotated with @ControllerAdvice and define methods with @ExceptionHandler for specific exceptions

  • Return ResponseEntity with appropriate status codes and error messages in the exception handling methods

Asked in Coforge

2d ago

Q. Explain the background process of how HA and DR work.

Ans.

HA (High Availability) and DR (Disaster Recovery) are processes that ensure system availability and data protection in case of failures.

  • HA involves redundant systems and failover mechanisms to minimize downtime.

  • DR focuses on data backup, replication, and recovery strategies in case of a disaster.

  • HA ensures continuous availability of services, while DR focuses on data protection and recovery.

  • Examples: HA can be achieved through clustering and load balancing, while DR can invol...read more

Q. What is the SMTP port number?

Ans.

SMTP port no is 25 for unencrypted communication and 587 for encrypted communication.

  • SMTP port no is 25 for unencrypted communication

  • SMTP port no is 587 for encrypted communication

Q. How do you troubleshoot a BSOD issue?

Ans.

Troubleshooting BSOD issue involves checking for hardware or software conflicts, updating drivers, and running diagnostic tests.

  • Check for recently installed hardware or software that may be causing conflicts

  • Update drivers for all hardware components

  • Run diagnostic tests such as Windows Memory Diagnostic or CHKDSK

  • Check for overheating issues or hardware failures

  • Use System Restore to revert to a previous stable state

Q. Is credit good or bad?

Ans.

Credit can be both good and bad depending on how it is managed.

  • Good credit can help individuals secure loans at lower interest rates

  • Bad credit can lead to higher interest rates and difficulty in obtaining loans

  • Credit can be a useful financial tool if used responsibly

  • Credit can also lead to debt if not managed properly

Asked in Toast

2d ago

Q. How do you prepare a cash flow statement?

Ans.

The cash flow statement shows the inflows and outflows of cash in a company.

  • It provides information on the operating, investing, and financing activities of the company.

  • Operating activities include cash received from sales, payments to suppliers, and salaries paid to employees.

  • Investing activities include cash spent on purchasing assets or investments and cash received from selling them.

  • Financing activities include cash received from issuing stocks or bonds and cash paid for ...read more

4d ago

Q. What type of production are you running?

Ans.

Production running refers to the ongoing operations and management of manufacturing processes to ensure efficiency and quality.

  • Continuous Production: Involves non-stop manufacturing processes, like oil refining.

  • Batch Production: Producing goods in groups or batches, such as baking cookies.

  • Just-in-Time Production: Minimizing inventory by producing only as needed, like in automotive assembly.

  • Lean Production: Focuses on reducing waste while maximizing productivity, often seen in...read more

Asked in PwC

3d ago

Q. How is pragma used in PLSQL?

Ans.

Pragma is used in PL/SQL to provide instructions to the compiler.

  • Pragma is used to provide instructions to the compiler in PL/SQL.

  • It can be used to control aspects like optimization, warnings, and errors.

  • Pragma directives are placed at the beginning of a block or subprogram.

  • Example: PRAGMA EXCEPTION_INIT to associate an exception name with an Oracle error code.

1d ago

Q. What is Authorization?

Ans.

Authorization is the process of granting or denying access to resources based on identity and permissions.

  • Authorization determines what actions a user can perform on a system or resource.

  • It involves verifying the identity of a user and checking if they have the necessary permissions.

  • Authorization is often implemented using roles, permissions, and access control lists.

  • Examples include granting a user the ability to read, write, or delete files on a computer system.

  • Authorizatio...read more

Q. What is the Active Directory?

Ans.

Active Directory is a directory service developed by Microsoft for Windows domain networks.

  • Centralized database for managing network resources

  • Stores information about users, computers, and other network objects

  • Allows administrators to control access and permissions

  • Supports single sign-on for users to access multiple resources with one login

  • Examples: user accounts, group policies, security settings

Asked in PwC

5d ago

Q. Compare the pros and cons of monolithic and microservices architectures.

Ans.

Monolithic vs Microservices pros and cons comparison

  • Monolithic: easier to develop and test, simpler deployment process

  • Monolithic: harder to scale and maintain, risk of single point of failure

  • Microservices: scalable and flexible, easier to maintain and update

  • Microservices: complex to develop and test, increased operational overhead

  • Example: Monolithic - traditional web applications, Example: Microservices - Netflix, Amazon

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