Wipro Process Leader Interview Questions and Answers

Q1. Technical skills and based on position
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Q1. Basic details and experience verification
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Q1. Really about team managing skill not more than that
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Q2. What will you do in case of escalation
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I will assess the situation, gather information, and involve relevant stakeholders to resolve the issue promptly.
• Listen to the customer's concerns and empathize with their situation.

• Gather all relevant information and assess the severity of the issue.

• Involve relevant stakeholders such as supervisors, managers, or technical experts to resolve the issue promptly.

• Communicate the progress and resolution to the customer and...read more
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Q1. Complete process of collection and account receivable
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Q1. Latest payslip, notice period, date of joining
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Q1. How we can forecast numbers without sales history
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Forecasting numbers without sales history requires alternative data sources and predictive modeling.
• Utilize market research and industry trends to estimate potential sales.

• Analyze customer demographics and behavior to make educated predictions.

• Use data from similar products or services to create a baseline forecast.

• Implement predictive modeling techniques such as regression analysis or machine learning algorithms.

• Consi...read more
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Q2. How many models are there in demand and forecast planning
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There are typically multiple models used in demand and forecast planning, such as statistical models, machine learning models, and simulation models.
• Statistical models

• Machine learning models

• Simulation models
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What all things I know about python ,and its working

Q1. Demand and forecast planning more and more scenarios
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Q2. Ongoing project on demand and forecast planning
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Demand and forecast planning is an ongoing project that involves predicting future demand for products or services.
• Utilize historical data to analyze trends and patterns in demand

• Collaborate with sales and marketing teams to gather insights on upcoming promotions or campaigns

• Implement forecasting models such as time series analysis or machine learning algorithms

• Regularly review and adjust forecasts based on new informa...read more
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Q1. What Advance Payment and Pre-paid
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Advance payment is a prepayment made before services are rendered, while prepaid refers to funds paid in advance for future use.
• Advance payment is often required for services like event bookings or travel arrangements.

• Example: A hotel may require a deposit to secure a reservation.

• Prepaid expenses are recorded as assets until the service is consumed.

• Example: A prepaid insurance policy covers future periods but is paid u...read more
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Q2. What Capital Expenditure
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Capital expenditure (CapEx) refers to funds used by a company to acquire or upgrade physical assets.
• CapEx includes purchasing new machinery or equipment, e.g., a manufacturing plant buying a new assembly line.

• It can also involve upgrading existing facilities, such as renovating a hospital to improve patient care.

• Investments in technology infrastructure, like acquiring new software systems for better data management.

• Rea...read more
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Q3. What is Goodwill and Examples
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Goodwill is an intangible asset representing a company's reputation and customer relationships.
• Goodwill arises during mergers and acquisitions when a company pays more than the fair value of net assets.

• Example: A tech company acquires a startup for $10 million, but the net assets are valued at $7 million; the $3 million difference is goodwill.

• Goodwill can also reflect brand loyalty, customer relationships, and employee...read more
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Q4. What is Amortization and Examples
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Amortization is the gradual reduction of a debt or asset's value over time through scheduled payments.
• Amortization applies to loans, where borrowers pay back principal and interest over time.

• Example: A mortgage is amortized over 30 years with monthly payments.

• Amortization also applies to intangible assets, like patents, which are expensed over their useful life.

• Example: A patent worth $120,000 with a 10-year life is am...read more
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Q5. What is Operating Expenditure
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Operating Expenditure (OPEX) refers to the ongoing costs for running a business's day-to-day operations.
• OPEX includes costs like rent, utilities, and salaries.

• Examples: Monthly utility bills, employee wages, and office supplies.

• OPEX is crucial for budgeting and financial planning.

• It differs from Capital Expenditure (CAPEX), which involves long-term investments.
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Q6. Name of Assets never depreciated
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Certain assets, like land and artwork, do not depreciate due to their enduring value and unique characteristics.
• Land: It typically appreciates in value over time and is not subject to wear and tear.

• Artwork: Unique pieces can increase in value and are not depreciated.

• Intangible assets: Some, like trademarks, can have indefinite useful lives.

• Natural resources: Timberland or mineral rights may not depreciate but can be de...read more
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Q7. Name Assets never amortized
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Assets that are never amortized include land, artwork, and certain intangible assets like goodwill.
• Land: Unlike buildings, land does not depreciate over time.

• Artwork: Collectibles and fine art typically retain or appreciate in value.

• Goodwill: Represents the excess value of a business over its tangible assets.

• Natural resources: Such as mineral rights, which are not amortized but may be depleted.
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Q8. Assets purchased useful life is 5 years and value is 500000 than how much will be depreciation every year and if decided to sell within 3 years. Explain scenario and Journals.
Ans. 
Calculate annual depreciation for a 5-year asset and journal entries for selling it after 3 years.
• Asset value: $500,000, useful life: 5 years.

• Annual depreciation = Asset value / Useful life = $500,000 / 5 = $100,000.

• After 3 years, total depreciation = $100,000 * 3 = $300,000.

• Book value after 3 years = Asset value - Total depreciation = $500,000 - $300,000 = $200,000.

• If sold for $250,000, gain on sale = Selling price - ...read more
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Q9. What is Cash Flow and Fund Flow statement
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Cash Flow and Fund Flow statements track financial health by showing cash movements and changes in funds over time.
• Cash Flow Statement: Reflects cash inflows and outflows over a period, indicating liquidity.

• Example: Cash received from sales vs. cash paid for expenses.

• Fund Flow Statement: Shows sources and uses of funds, highlighting changes in financial position.

• Example: Funds raised through loans vs. funds used for pu...read more
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