ACC5044 -Week 8

Which of the following is NOT a role of the finance function in organizations?

• Planning

• Forecasting

• Marketing

• Resource Allocation

Which of the following external environmental factors is NOT listed as impacting the finance function?

• Customer expectations

• Global political climate

• Technological advancements

• Local weather conditions

Which of the following is NOT a type of profit-seeking organisation?

• Ltd

• plc

• Partnerships

• Public Sector

What is the role of the Finance Function in an organisation?

• To create and preserve value

• To manage employee relations

• To oversee marketing strategies

• To handle legal matters

Which of the following is a key role of the Finance Function?

• Enabling

• Directing

• Controlling

• Executing

Which of the following is a function of the Finance Function for preserving value in the long term?

• Planning

• Forecasting

• Resource Allocation

• All of the above

According to the document, what are the two ways an organisation can create value in the short term and preserve value for the longer term through SHAPES function?

• Financial Reporting and Control

• Performance Management and Control

• Financial Reporting and Corporate Reporting

• Performance Management and Financial Reporting

What is NARRATES function refer to in the context of creating value in an organisation?

• Financial Reporting aka Corporate Reporting

• Performance Management

• Control

• Ethical Dilemmas

What is considered a fundamental underpinning factor in an organisation's sustained value creation?

• Performance Management

• Control

• Ethics

• Corporate Reporting

What does an ethical dilemma involve?

• A situation where a decision-maker needs to decide what is the 'right' and 'wrong' thing to do.

• A financial discrepancy that needs to be reported.

• A marketing strategy to enhance company value.

• A human resource policy that needs to be updated.