Account Me In (LBP Koop)

The elements of financial management include the following except one:

• Financial Planning

• Financial Decision Making

• Financial Quality

• Financial Control

Under this element of financial management, it involves evaluation and analysis of financial performance.

• Financial Decision Making

• Financial Monitoring

• Financial Planning

• Financial Control

It involves forecasting of financial activities, ensures availability of funds and identifies sources and uses of funds.

• Financial Monitoring

• Financial Evaluation

• Financial Planning

• Financial Control

This is the central language of the planning activities of a business.

• Manpower

• Machine

• Finance

• None of the above

The process of estimating and predicting how the business/cooperative will perform in the future.

• Financial Planning

• Financial Forecasting

• Financial Control

• None of the abovec

Are resources owned by the coop as of the date of the balance sheet.

• Investment

• Cash

• Assets

• Accounts Receivable

Below are the components of the Assets of an enterprise, except:

• Cash

• Pre-paid expenses

• Retained earnings

• Accounts receivable

Below are the components of Liabilities, except:

• Demand loan

• Accrued liabilities

• Investments

• Accounts payable

In general criteria for a Coop to GRANT CREDIT, the

Expected Gain > Expected Loss

• False

• True

Financial Analysis can be viewed from the 3 different perspectives: Lender, Owner and ______________.

• Creditor

• Management

• Clients

• None of the above