AFC Vocabulary
Flashcard
•
English
•
Professional Development
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
Who usually chairs a general meeting?
Back
The chairperson
2.
FLASHCARD QUESTION
Front
What can trigger an Extraordinary General Meeting (EGM)?
Back
Amending the Articles of Association
3.
FLASHCARD QUESTION
Front
What does a balance sheet show?
Back
Company’s financial position at a point in time
4.
FLASHCARD QUESTION
Front
What is working capital?
Back
Current assets minus current liabilities
5.
FLASHCARD QUESTION
Front
What do assets include?
Back
Equipment, real estate, and cash
6.
FLASHCARD QUESTION
Front
What is the role of a statutory auditor?
Back
To review and verify the accuracy of a company's financial statements.
7.
FLASHCARD QUESTION
Front
What is the purpose of a general meeting?
Back
To discuss and make decisions on important company matters.
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