The Finance Function BENV

The Finance Function BENV

Professional Development

14 Qs

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The Finance Function BENV

The Finance Function BENV

Assessment

Quiz

Specialty

Professional Development

Practice Problem

Medium

Created by

Pam Sartain

Used 2+ times

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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The most appropriate description of the finance function in an organisation is:

It is limited to cash handling and the raising of finance

it is limited to financial records and financial reports

It deals with financial records, financial reports and customer marketing

It deals with cash, financial records, financial reports, costing and budgets

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following would be considered an external stakeholder of a limited company?

HMRC

The board of directors of the company

The company's bank

The customers of the business

The suppliers of the business

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A financial accountant is a person who:

Prepares the financial statements of a business

Sets budgets for the next financial year

Checks the accounting procedures used within a business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An ______ is normally an employee of the organisation being audited

External auditor

Internal auditor

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An ______ should be a member of an independent firm of accountants

External auditor

Internal auditor

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The meaning of effective working is:

Being successful in achieving what you set out to do

Completing what you have to do as soon as possible

Creating the maximum effect in order to improve performance

Always complying with the requests of colleagues

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is the most accurate definition of efficency?

To complete a job as quickly as possible at all costs

To complete a job with the minimum of wasted time, effort or expense

To complete a job exactly as described in the Policies and Procedures

To complete a job using the cheapest way of doing it

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