Medwiz Healthcare Communications Medical Writer Interview Questions and Answers

The toughest decision I took was to lay off employees due to financial constraints.

• Had to analyze the financial situation of the company

• Considered various options to cut costs

• Decided to lay off employees as a last resort

• Had to communicate the decision to the affected employees

• Ensured that the process was handled with empathy and fairness

IFRS has various accounting treatments, such as fair value accounting, impairment accounting, and lease accounting.

• Fair value accounting involves measuring and reporting assets and liabilities at their current market value.

• Impairment accounting involves recognizing a loss in the value of an asset that has decreased in value.

• Lease accounting involves recognizing lease payments as either operating or finance leases.

• IFRS ...read more

P2P cycle refers to the Procure-to-Pay cycle, which is the process of purchasing goods or services and paying for them.

• The cycle starts with identifying the need for a product or service

• Then, a purchase order is created and sent to the supplier

• The supplier delivers the product or service and sends an invoice

• The invoice is verified and approved for payment

• Finally, payment is made to the supplier

• Examples include ordering...read more