Retainer Interview Questions and Answers

The financial statements that help to give the company financial position are balance sheet, income statement, and cash flow statement.

• Balance sheet shows the company's assets, liabilities, and equity at a specific point in time.

• Income statement shows the company's revenue, expenses, and net income over a period of time.

• Cash flow statement shows the company's cash inflows and outflows over a period of time.

• These statements are important for investors, creditors, and managemen...read more

Cash flow statement shows the movement of cash in and out of a business, while profit and loss statement shows the financial performance over a period of time.

• Cash flow statement focuses on actual cash transactions, including operating, investing, and financing activities.

• Profit and loss statement shows the revenue, expenses, and profits or losses of a business during a specific period.

• Cash flow statement helps in assessing the liquidity and solvency of a business, while prof...read more

Accounting ratios are financial metrics used to evaluate a company's performance and financial health.

• Accounting ratios are calculated using financial data from a company's financial statements.

• They are used to analyze a company's liquidity, profitability, efficiency, and solvency.

• Examples of accounting ratios include current ratio, debt-to-equity ratio, gross profit margin, and return on investment.

• These ratios help investors, creditors, and management make informed decision...read more

Pharmacovigilance is the science and activities related to the detection, assessment, understanding, and prevention of adverse effects or any other drug-related problems.

• Pharmacovigilance involves monitoring the safety of medications post-market approval.

• It includes collecting and analyzing data on adverse drug reactions.

• Pharmacovigilance aims to improve patient safety and minimize risks associated with pharmaceutical products.

• Examples of pharmacovigilance activities include ...read more