401A LAP FI354 Business Essentials Finance

Front

Finance is the business function that involves managing what?

Back

money

Front

The goals of the finance function are to ensure profitability and what else?

Back

reduce risks

Front

Accounting is distinct from finance because its main focus is on what?

Back

recordkeeping activities

Front

The administration of assets refers to decisions about what? Options: accounting, spending, investments, financing

Back

investments

Front

Decisions about financing refer to the what?

Back

acquisition of funds

Front

The finance function ensures that the company’s financial goals are what?

Back

in line with organizational priorities

Front

How does the finance function relate to company spending?

Back

It plans and controls spending

Front

Money the business owes is known as

Back

accounts payable

Front

Money owed to the business is known as

Back

accounts receivable

Front

To keep communication flowing with other departments, the finance function depends on

Back

information systems