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Depreciation methods and asset life are important factors in financial accounting.
Depreciation methods include straight-line, double-declining balance, and units of production.
Asset life varies by category, such as buildings, vehicles, and equipment.
The useful life of a building may be 40 years, while a vehicle may have a useful life of 5 years.
Depreciation is important for accurately reporting the value of assets...
Materiality is the concept of determining the significance or importance of information in financial reporting.
Materiality refers to the threshold at which information becomes relevant to users of financial statements.
It is a subjective judgment based on the nature and size of the item or error being evaluated.
Materiality is determined by considering both quantitative and qualitative factors.
Quantitative factors i...
Oracle Cloud continuously updates its platform with new features and enhancements to improve performance and user experience.
Oracle Cloud Infrastructure (OCI) offers new services like Autonomous Database, Cloud HSM, and Data Safe
OCI provides enhanced security features such as Key Management, Identity and Access Management, and Security Zones
Integration with popular tools like Kubernetes, Terraform, and Ansible for...
Accounting entries in payables involve recording the liability for goods or services received but not yet paid for.
When a company receives goods or services on credit, a liability is created in accounts payable.
The accounts payable account is credited to increase the balance, representing the amount owed to the supplier.
When the payment is made, the accounts payable account is debited to reduce the balance.
For exa...
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Different types of projects can include research projects, construction projects, software development projects, and marketing projects.
Research projects involve gathering data, analyzing information, and drawing conclusions.
Construction projects involve building structures such as buildings, bridges, or roads.
Software development projects involve creating computer programs or applications.
Marketing projects invol...
Different types of testing include unit testing, integration testing, system testing, and acceptance testing.
Unit testing focuses on testing individual components or modules of the software.
Integration testing involves testing how different modules work together.
System testing tests the entire system as a whole.
Acceptance testing is done to ensure the software meets the requirements of the end users.
Backend tables of frameworks store data related to the application's functionality.
Backend tables in frameworks like Django, Ruby on Rails, and Laravel store data such as user information, posts, comments, etc.
These tables are designed based on the application's requirements and relationships between different entities.
Developers can interact with these tables using ORM (Object-Relational Mapping) tools to perform...
Professional skepticism is a critical mindset used in audit to question information and evidence.
Professional skepticism involves questioning the reliability of information provided by clients.
Auditors must remain independent and objective in their assessments.
Examples of professional skepticism include verifying financial data with third-party sources and challenging management's assumptions.
Auditors should not a...
Controls in audit refer to policies and procedures put in place to ensure accuracy and reliability of financial statements.
Preventive controls: designed to prevent errors or fraud before they occur (e.g. segregation of duties)
Detective controls: designed to detect errors or fraud after they have occurred (e.g. reconciliations)
Corrective controls: designed to correct errors or fraud that have been detected (e.g. ad...
Finance amalgamation with technology involves leveraging technological advancements to enhance financial processes and decision-making.
Utilizing AI and machine learning algorithms for predictive analytics in financial forecasting
Implementing blockchain technology for secure and transparent transactions
Developing mobile banking apps for convenient and efficient customer service
Utilizing big data analytics to identi...
I applied via LinkedIn and was interviewed in Nov 2024. There was 1 interview round.
Accounting entries in payables involve recording the liability for goods or services received but not yet paid for.
When a company receives goods or services on credit, a liability is created in accounts payable.
The accounts payable account is credited to increase the balance, representing the amount owed to the supplier.
When the payment is made, the accounts payable account is debited to reduce the balance.
For example,...
Oracle Cloud continuously updates its platform with new features and enhancements to improve performance and user experience.
Oracle Cloud Infrastructure (OCI) offers new services like Autonomous Database, Cloud HSM, and Data Safe
OCI provides enhanced security features such as Key Management, Identity and Access Management, and Security Zones
Integration with popular tools like Kubernetes, Terraform, and Ansible for seam...
I applied via Recruitment Consulltant and was interviewed in Oct 2024. There were 3 interview rounds.
Azure Functions are event-driven, serverless compute whereas Logic Apps are workflow automation platforms.
Azure Functions are used for executing code in response to events, such as HTTP requests or messages from queues.
Logic Apps are used for orchestrating workflows and integrating various services and applications.
Azure Functions are more suitable for small, focused tasks, while Logic Apps are better for complex workf...
Yes, we can write an asynchronous method without using await keyword.
Use Task.Run to run a method asynchronously without awaiting it
Use Task.Run to run a method on a background thread without blocking the main thread
Example: Task.Run(() => SomeMethod());
PRs (Pull Requests) are essential for collaborative coding, enabling code review, discussion, and integration of changes in a project.
Code Review: PRs facilitate peer review, allowing team members to provide feedback and catch potential issues before merging changes.
Collaboration: They enable collaboration among developers, making it easier to discuss and refine code changes through comments and suggestions.
Version Con...
A framework is a set of tools, libraries, and best practices used to develop software applications.
Provides a structure for organizing code and implementing common functionalities
Promotes code reusability and maintainability
Examples include AngularJS, React, Spring Framework
I applied via Approached by Company and was interviewed in Dec 2024. There was 1 interview round.
I applied via Company Website and was interviewed in Sep 2024. There were 2 interview rounds.
Azure offers various services for scalable, secure, and efficient solutions across different scenarios.
Azure Functions for serverless computing to run code on demand.
Azure Logic Apps for automating workflows and integrating services.
Azure App Service for building and hosting web applications.
Azure SQL Database for managed relational database services.
Azure Blob Storage for scalable object storage for unstructured data.
In the next 5 years, I see myself advancing to a managerial role within the company, leading a team and contributing to the organization's growth.
Continuing to excel in my current role and taking on additional responsibilities
Participating in leadership development programs to enhance my skills
Building strong relationships with colleagues and mentors for guidance and support
Setting clear career goals and regularly revi...
I expect my employer to provide opportunities for growth, a supportive work environment, fair compensation, and open communication.
Opportunities for professional development and advancement
A positive and inclusive work culture
Competitive salary and benefits
Transparent communication and feedback
Work-life balance support
I applied via Job Portal and was interviewed in Sep 2024. There was 1 interview round.
Setting up Oracle Subscription Management involves multiple steps including configuration, user setup, and data migration.
1. Configure Oracle Subscription Management by setting up products, pricing, and billing cycles.
2. Set up users with appropriate roles and permissions to access the system.
3. Migrate existing subscription data into the Oracle system for seamless transition.
4. Test the setup to ensure all functionali...
Automatic subscription numbering can be set up by creating a unique identifier based on a specific format or algorithm.
Define the format or algorithm for generating the subscription numbers
Implement a script or program to automatically assign and increment the subscription numbers
Ensure the uniqueness and consistency of the generated numbers
Consider using a combination of letters, numbers, and symbols for added complex...
Renewal processes vary depending on the type of service or product being renewed.
Renewal process for software subscriptions typically involves receiving a notification to renew, logging into the account, and making a payment.
Renewal process for insurance policies may involve receiving a renewal notice, reviewing the policy details, and contacting the insurance provider to renew.
Renewal process for memberships often inc...
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I applied via Company Website and was interviewed in Jun 2024. There were 2 interview rounds.
Performance testing focuses on evaluating the speed, responsiveness, and stability of a system under a specific workload, while capacity testing assesses the system's ability to handle a certain level of traffic or data volume over time.
Performance testing measures the speed, responsiveness, and stability of a system under a specific workload.
Capacity testing evaluates the system's ability to handle a certain level of ...
I resolved a disagreement with a colleague by fostering open communication and focusing on our shared goals.
Open Dialogue: I initiated a one-on-one conversation to understand my colleague's perspective and express my own views respectfully.
Common Goals: We identified our shared objectives, which helped us realize that we were ultimately on the same team.
Compromise: We brainstormed solutions together, leading to a compr...
I applied via Approached by Company and was interviewed in Sep 2024. There were 2 interview rounds.
In 3-4 years, I envision myself as a key contributor, leading projects and mentoring junior associates to drive organizational success.
I aim to take on leadership roles in major projects, such as leading a cross-functional team to improve operational efficiency.
I plan to enhance my skills through continuous learning, possibly obtaining certifications relevant to our industry.
I see myself mentoring new associates, shari...
I applied via Recruitment Consulltant and was interviewed in Sep 2024. There was 1 interview round.
Some of the top questions asked at the PwC Senior Associate interview -
The duration of PwC Senior Associate interview process can vary, but typically it takes about less than 2 weeks to complete.
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