Palo Alto Networks Interview Questions and Answers

ASC 606 is a revenue recognition standard that outlines principles for recognizing revenue from contracts with customers.

• ASC 606 stands for Accounting Standards Codification 606

• Steps to recognize revenue under ASC 606 include identifying the contract, identifying performance obligations, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when...read more

Ensuring accuracy and compliance in revenue recognition through thorough documentation, regular audits, and staying up-to-date with accounting standards.

• Maintaining detailed records of revenue transactions

• Performing regular audits to verify accuracy of revenue recognition

• Staying informed about changes in accounting standards and regulations

• Collaborating with cross-functional teams to ensure consistency in revenue ...read more

Identified and corrected revenue reporting error by reconciling data sources and adjusting calculations.

• Discovered discrepancy between sales records and financial reports

• Investigated root cause of error by comparing data from different sources

• Implemented adjustments to revenue calculations to rectify the error

• Ensured accurate reporting moving forward by enhancing reconciliation processes

TCP RST flag indicates a reset connection; servers send it to terminate unwanted or erroneous connections.

• RST is sent when a server receives a packet for a closed port.

• Example: A client tries to connect to a service that isn't running.

• RST can also occur if a connection is established but then abruptly closed.

• Example: A server may send RST if it detects a protocol error.

Design a system to handle 1500 max DB insert requests daily with 60s latency.

• Use a message queue (e.g., RabbitMQ) to buffer requests and process them asynchronously.

• Implement batch processing to insert multiple records in a single DB transaction, reducing overhead.

• Consider using a NoSQL database (e.g., MongoDB) for flexible schema and high write throughput.

• Utilize caching (e.g., Redis) to temporarily store data be...read more

Lease accounting refers to the accounting treatment of lease agreements, where the lessee records the leased asset as an asset and the lease payments as liabilities.

• Lease accounting involves classifying leases as either operating leases or finance leases.

• For operating leases, lease payments are expensed over the lease term, while for finance leases, the leased asset is capitalized on the balance sheet.

• Under the ne...read more

HAProxy is a free, open-source load balancer and proxy server software.

• HAProxy stands for High Availability Proxy.

• It is used to distribute traffic across multiple servers to ensure high availability and scalability.

• It supports TCP and HTTP-based applications.

• It can perform SSL/TLS termination, content switching, and request routing.

• It is highly configurable and can be used in various deployment scenarios.

• Examples ...read more