It's a brilliant tool for layered image editing, enabling you to mix up typography, raster artwork, 3D models and much more.
And with new AI-powered updates to streamline your workflow even further, it's increasingly freeing graphic designers, artists and photographers from the tyranny of tedious, repetitive processes so they can focus on the fun part of creating see our Photoshop CC review to learn more. Keeping Photoshop CC up to date is easy; all updates come as part of the CC subscription plan, so you'll never have to miss out on hot new features, updates to existing features or performance enhancements.
Photoshop is available for desktop, smartphone or iPad, and supports every file format available. A full version of Photoshop CC for iPad is also now with us. Want to use Photoshop tools on your iPhone, iPad or Android device? There are Android and iOS spin-off apps that you can download and which enable you to create, edit, annotate and share images wherever inspiration strikes.
Alternatively, if you're not sure about committing to Photoshop CC, these stand-alone mobile apps offer a good way to test the water. Adobe Photoshop Express opens in new tab This mobile photo editor and collage maker allows you to quickly edit and share your photos. The app now includes the former Photoshop Mix and PhotoshopFix. Adobe Photoshop Sketch opens in new tab With Photoshop Sketch, you can create expressive drawings using natural drawing tools like pencils, pens, markers and watercolour brushes.
Adobe Creative Cloud for mobile opens in new tab With Creative Cloud for mobile, you can organise your projects with mobile access on your devices. Collaboration with other CC members is easy too, with features such as screenshot syncing to annotate or mark up designs. Finally, if you don't want to sign up for a subscription and would rather pay once for an image-editing package, there are plenty of Photoshop alternatives , such as Affinity Photo, that let you purchase a licence with a one-off fee instead.
Julia is editor-in-chief, retail at Future Ltd, where she works in e-commerce across a number of consumer lifestyle brands. She's been writing about art, design and technology for over 15 years. Their responsibilities are - working with federal, state, and local regulatory agencies, ensuring that their companies comply with all of the regulations and many more. Strong determination is required to crack the job. Follow our Wisdomjobs page for Regulatory Affairs job interview questions and answers page to get through your job interview successfully in first attempt.
Question 1. What Is Regulatory Affairs? Answer : Regulatory Affairs in a Pharmaceutical industry, is a profession which acts as the interface between the pharmaceutical industry and Drug Regulatory authorities across the world. It is mainly involved in the registration of the drug products in respective countries prior to their marketing.
Question 2. Answer : Protection of human health Ensuring safety, efficacy and quality of drugs Ensuring appropriateness and accuracy of product information. Question 3. Answer : Act as a liaison with regulatory agencies. Providing expertise and regulatory intelligence in translating regulatory requirements into practical workable plans. Advising the companies on regulatory aspects and climate that would affect their proposed activities. Apart from the above main roles, there are various other roles which Regulatory Affairs professionals play.
Question 4. Answer : It is an application which is filed with FDA to get approval for legally testing an experimental drug on human subjects in the USA. Question 5. Answer : The NDA is the vehicle through which drug sponsors formally propose that the FDA approve a new pharmaceutical for sale and marketing in the U.
The data gathered during the animal studies and human clinical trials of an Investigational new drug become part of the NDA. Question 6. Question 7. Answer : A generic drug product is the one that is comparable to an innovator drug product in dosage form, strength, route of administration, quality, performance characteristics and intended use.
Answer : A Drug Master File DMF is a submission to the Food and Drug Administration FDA that may be used to provide confidential detailed information about facilities, processes, or articles used in the manufacturing, processing, packaging, and storing of one or more human drugs. Question 9. Question What Is A b 2 Application? Answer : Change in dosage form. In terms of vacation time, the employee is earning 2.
At December 31 the company has a liability for the vacation hours and vacation pay that the employee has earned and is entitled to if the company were to close.
Question Answer : Stocks, or shares of stock, represent an ownership interest in a corporation. Bonds are a form of long-term debt in which the issuing corporation promises to pay the principal amount at a specific date. Stocks pay dividends to the owners, but only if the corporation declares a dividend. Dividends are a distribution of a corporation's profits. Bonds pay interest to the bondholders. Generally, the bond contract requires that a fixed interest payment be made every six months.
Every corporation has common stock. Some corporations issue preferred stock in addition to its common stock. Many corporations do not issue bonds. The stocks and bonds issued by the largest corporations are often traded on stock and bond exchanges. Stocks and bonds of smaller corporations are often held by investors and are never traded on an exchange. Answer : The provision for bad debts might refer to the balance sheet account also known as the Allowance for Bad Debts, Allowance for Doubtful Accounts, or Allowance for Uncollectible Accounts.
In this case Provision for Bad Debts is a contra asset account an asset account with a credit balance. It is used along with the account Accounts Receivable in order to report the net realizable value of the accounts receivable. In this situation, the Provision for Bad Debts reports the credit losses that pertain to the period shown on the income statement.
Answer : An accrual occurs before a payment or receipt. A deferral occurs after a payment or receipt. There are accruals for expenses and for revenues. There are deferrals for expenses and for revenues. An accrual of an expense refers to the reporting of an expense and the related liability in the period in which they occur, and that period is prior to the period in which the payment is made.
An example of an accrual for an expense is the electricity that is used in December, but the payment will not be made until January. An accrual of revenues refers to the reporting of revenues and the related receivables in the period in which they are earned, and that period is prior to the period of the cash receipt. An example of the accrual of revenues is the interest earned in December on an investment in a government bond, but the interest will not be received until January.
A deferral of an expense refers to a payment that was made in one period, but will be reported as an expense in a later period. An example is the payment in December for the six-month insurance premium that will be reported as an expense in the months of January through June. A deferral of revenues refers to receipts in one accounting period, but they will be earned in future accounting periods.
For example, the insurance company has a cash receipt in December for a six-month insurance premium. However, the insurance company will report this as part of its revenues in January through June. Answer : The sum of the years' digits, often referred to as SYD, is a form of accelerated depreciation. A more common form of accelerated depreciation is the declining balance method used in tax depreciation.
The sum of the years' digits method will result in greater depreciation in the earlier years of an asset's useful life and less in the later years. However, the total amount of depreciation over an asset's useful life should be the same regardless of the depreciation method used.
The difference is in the timing of the total depreciation. Let's use the formula to check our calculation above. What Is A Trial Balance? Answer : A trial balance is a bookkeeping or accounting report that lists the balances in each of an organization's general ledger accounts.
Accounts with zero balances will likely be omitted. The debit balance amounts are listed in a column with the heading "Debit balances" and the credit balance amounts are listed in another column with the heading "Credit balances. Today, bookkeeping and accounting software has eliminated those clerical errors. This means that the trial balance is less important for bookkeeping purposes since it is almost certain that the total of the debit and credit columns will be equal.
However, the trial balance continues to be useful for auditors and accountants who wish to show 1 the general ledger account balances prior to their proposed adjustments, 2 their proposed adjustments, and 3 all of the account balances after the proposed adjustments.
These final balances are known as the adjusted trial balance, and these amounts will be used in the organization's financial statements. Neither the unadjusted trial balance nor the adjusted trial balance is a financial statement and neither trial balance is distributed to anyone outside of the accounting and auditing staff. In other words, the trial balance is an internal document. Answer : Depreciation on the income statement is the amount of depreciation expense that is appropriate for the period of time indicated in the heading of the income statement.
The depreciation reported on the balance sheet is the accumulated or the cumulative total amount of depreciation that has been reported as expense on the income statement from the time the assets were acquired until the date of the balance sheet. Let's illustrate the difference with an example. The asset is expected to have a useful life of 10 years and no salvage value.
The company uses straight-line depreciation on its monthly financial statements. What Is Depreciation? Answer : Depreciation is the assigning or allocating of a plant asset's cost to expense over the accounting periods that the asset is likely to be used.
The amounts can vary depending on the method and assumptions. Since the adjusting entries do not involve cash, depreciation expense is referred to as a noncash expense. Answer : Reversing entries are made on the first day of an accounting period in order to remove certain adjusting entries made in the previous accounting period. Reversing entries are used in order to avoid the double counting of revenues or expenses and to allow for the efficient processing of documents. Reversing entries are most often used with accrual-type adjusting entries.
To illustrate reversing entries, let's assume that a retailer uses a temporary help service from December 15 - The temp agency will bill the retailer on January 10 and the retailer agrees to pay the invoice by January If the retailer's accounting year ends on December 31, the retailer will make an accrual-type adjusting entry for the estimated amount.
This adjusting entry assures that the retailer's income statement and balance sheet as of December 31 will include the temp service expense and obligation. When the actual invoice arrives from the temp agency on January 11, the retailer can simply debit the invoice amount to Temp Service Expense. The credit from the reversing entry and the debit from the invoice entry. Thanks to the reversing entry, the retailer did not have to stop and consider whether the invoice amount pertains to December or January.
This insignificant amount is acceptable since the adjusting entry amount was an estimate. What Is Deferred Revenue? Answer : Deferred revenue is not yet revenue.
It is an amount that was received by a company in advance of earning it. The amount unearned and therefore deferred as of the date of the financial statements should be reported as a liability. The title of the liability account might be Unearned Revenues or Deferred Revenues. When the deferred revenue becomes earned, an adjusting entry is prepared that will debit the Unearned Revenues or Deferred Revenues account and will credit Sales Revenues or Service Revenues.
What Are Adjusting Entries? Answer : Adjusting entries are usually made on the last day of an accounting period year, quarter, month so that the financial statements reflect the revenues that have been earned and the expenses that were incurred during the accounting period.
A common characteristic of an adjusting entry is that it will involve one income statement account and one balance sheet account. The purpose of each adjusting entry is to get both the income statement and the balance sheet to be accurate. Answer : I would use the liability account Accounts Payable for suppliers' invoices that have been received and must be paid. As a result, the balance in Accounts Payable is likely to be a precise amount that agrees with supporting documents such as invoices, agreements, etc.
I would use the liability account Accrued Expenses Payable for the accrual type adjusting entries made at the end of the accounting period for items such as utilities, interest, wages, and so on. The balance in the Accrued Expenses Payable should be the total of the expenses that were incurred as of the date of the balance sheet, but were not entered into the accounts because an invoice has not been received or the payroll for the hourly wages has not yet been processed, etc.
The amounts recorded in Accrued Expenses Payable will often be estimated amounts supported by logical calculations. What Is The Accounting Cycle? Answer : The accounting cycle is often described as a process that includes the following steps: identifying, collecting and analyzing documents and transactions, recording the transactions in journals, posting the journalized amounts to accounts in the general and subsidiary ledgers, preparing an unadjusted trial balance, perhaps preparing a worksheet, determining and recording adjusting entries, preparing an adjusted trial balance, preparing the financial statements, recording and posting closing entries, preparing a post-closing trial balance, and perhaps recording reversing entries.
Cycle and steps seem to be a carryover from the days of manual bookkeeping and accounting when transactions were first written into journals. In a separate step the amounts in the journal were posted to accounts. At the end of each month, the remaining steps had to take place in order to get the monthly, manually-prepared financial statements. Today, most companies use accounting software that processes many of these steps simultaneously.
The speed and accuracy of the software reduces the accountant's need for a worksheet containing the unadjusted trial balance, adjusting entries, and the adjusted trial balance.
The accountant can enter the adjusting entries into the software and can obtain the complete financial statements by simply selecting the reports from a menu.
After reviewing the financial statements, the accountant can make additional adjustments and almost immediately obtain the revised reports. The software will also prepare, record, and post the closing entries. Answer : At the end of an accounting period month, year, etc.
When an adjusting entry is used, the related income statement account will be a cost of goods sold account. Textbooks often change the balance in the account Inventory under the periodic method through closing entries. One closing entry removes the amount of beginning inventory and one closing entry records the cost of the ending inventory.
We believe that an adjusting entry is more logical and efficient, especially when monthly and year-to-date financial statements are prepared using accounting software.
What Is Bad Debts Expense? Answer : Bad debts expense often refers to the loss that a company experiences because it sold goods or provided services and did not require immediate payment. The loss occurs when the customer does not pay the amount owed. In other words, bad debts expense is related to a company's current asset accounts receivable.
The direct write-off method requires that a customer's uncollectible account be first identified and then removed from the account Accounts Receivable. This method is required for U. The allowance method anticipates that some of the accounts receivable will not be collected.
In other words, prior to knowing exactly which customers or clients will not be paying, the company will debit Bad Debts Expense and will credit Allowance for Doubtful Accounts for an estimated, anticipated amount. The Allowance for Doubtful Accounts is a contra asset account that when combined with Accounts Receivable indicates a more realistic amount that will be turning to cash. Many believe that the allowance method is the better method since 1 the balance sheet will be reporting a more realistic amount that will be collected from the company's accounts receivable, and 2 the bad debts expense will be reported on the income statement closer to the time of the related credit sales.
Answer : Since insurance premiums are usually paid prior to the period covered by the payment, it is common to debit Prepaid Insurance and to credit Cash for the amount paid. Prepaid Insurance is a current asset and is reported on the balance sheet after inventory.
As the prepaid amount expires, the balance in Prepaid Insurance is reduced by a credit to Prepaid Insurance and a debit to Insurance Expense. This is done with an adjusting entry at the end of each accounting period e. One objective of the adjusting entry is to match the proper amount of insurance expense to the period indicated on the income statement. The income statement should report the amount of insurance that has expired during the period indicated in the income statement's heading.
Another objective is to report on the balance sheet the unexpired amount of insurance as the asset Prepaid Insurance. If you can arrange for your insurance payments to be the amount applicable to each accounting period, you can simply debit Insurance Expense and credit Cash. Answer : Revenues received in advance are reported as a current liability if they will be earned within one year. The accounting entry is a debit to the asset Cash for the amount received and a credit to the liability account such as Customer Advances or Unearned Revenues.
As the amount received in advance is earned, the current liability account will be debited for the amount earned and the Revenues account reported on the income statement will be credited. This is done through an adjusting entry. What Is Bad Debts? Answer : The term bad debts usually refers to accounts receivable or trade accounts receivable that will not be collected. However, bad debts can also refer to notes receivable that will not be collected. The bad debts associated with accounts receivable is reported on the income statement as Bad Debts Expense or Uncollectible Accounts Expense.
When the allowance method is used, the journal entry to Bad Debts Expense will include a credit to Allowance for Doubtful Accounts, a contra account and valuation account to the asset Accounts Receivable. Shopping Carts and Weak Security Explained by fris. Note: All chapter numbers refer to the Gaddis textbook.
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Answer : Regulatory Affairs in a Pharmaceutical industry, is a profession which acts as the interface between the pharmaceutical industry and Drug Regulatory authorities across the world. It is mainly involved in the registration of the drug products in respective countries prior to their marketing. Question 2. Answer : Protection of human health Ensuring safety, efficacy and quality of drugs Ensuring appropriateness and accuracy of product information.
Question 3. Answer : Act as a liaison with regulatory agencies. Providing expertise and regulatory intelligence in translating regulatory requirements into practical workable plans.
Advising the companies on regulatory aspects and climate that would affect their proposed activities. Apart from the above main roles, there are various other roles which Regulatory Affairs professionals play.
Question 4. Answer : It is an application which is filed with FDA to get approval for legally testing an experimental drug on human subjects in the USA.
Question 5. Answer : The NDA is the vehicle through which drug sponsors formally propose that the FDA approve a new pharmaceutical for sale and marketing in the U. The data gathered during the animal studies and human clinical trials of an Investigational new drug become part of the NDA. Question 6. Question 7. Answer : A generic drug product is the one that is comparable to an innovator drug product in dosage form, strength, route of administration, quality, performance characteristics and intended use.
Answer : A Drug Master File DMF is a submission to the Food and Drug Administration FDA that may be used to provide confidential detailed information about facilities, processes, or articles used in the manufacturing, processing, packaging, and storing of one or more human drugs.
Question 9. Question What Is A b 2 Application? Answer : Change in dosage form. Change in strength. Change in route of administration. Substitution of an active ingredient in a formulation product.
Change in formulation. Change in dosing regimen. Change in active ingredient. New combination Product. New indication. Change from prescription indication to OTC indication. Naturally derived or recombinant active ingredient. Answer : Active substance master file is a submission which is made to EMA, MHRA or any other Drug Regulatory Authority in Europe to provide confidential intellectual property or 'know-how' of the manufacturer of the active substance.
Answer : New active substances Existing active substances not included in the European Pharmacopoeia Ph. Answer : International Conference on Harmonisation of Technical Requirements for Registration of Pharmaceuticals for Human Use ICH : is a project that brings together the regulatory authorities of Europe, Japan and the United States and experts from the pharmaceutical industry in the three regions to discuss scientific and technical aspects of pharmaceutical product registration.
Answer : The Common Technical Document is divided into five modules:. What Is Orange Book? What Is Hatch-waxman Act? It is considered as the landmark legislation which established the modern system of generic drugs in USA. Hatch-Waxman amendment of the federal food, drug and cosmetics act established the process by which, would be marketers of generic drugs can file Abbreviated New Drug Application ANDA to seek FDA approval of generic drugs.
Paragraph IV of the act, allows day exclusivity to companies that are the "first-to-file" an ANDA against holders of patents for branded counterparts. This certification must state one of the following:. The recent example is- day exclusivity was granted to Ranbaxy and Watson Laboratories for marketing generic version of Lipitor Atorvastatin calcium. Answer : Certificate of Suitability to the monographs of the European Pharmacopoeia or Certificate of suitability of monographs of the European Pharmacopoeia or Certification of suitability of European Pharmacopoeia monographs.
Answer : It is the certificate which is issued by Certification of Substances Division of European Directorate for the Quality of Medicines EDQM , when the manufacturer of a substance provides proof that the quality of the substance is suitably controlled by the relevant monographs of the European Pharmacopoeia. Popular Interview Questions. All Interview Questions. Regulatory Affairs Practice Test. IT Skills. Management Skills. Communication Skills. Business Skills.
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