Financial Reporting Quiz

What do KPIs help organizations achieve?

• Financial stability

• Organisational goals

• Market dominance

• Employee satisfaction

What are the main areas of financial record keeping mentioned in the document?

• Stability, profitability, and liquidity

• Revenue, expenses, and profit

• Assets, liabilities, and equity

• Sales, marketing, and operations

What does financial performance relate to in financial reporting?

• Stability

• Profitability

• Liquidity

• Cash flow

What does cash flow relate to in financial reporting?

• Stability

• Profitability

• Liquidity

• Financial position

What are the three elements of a balance sheet?

• Assets, Liabilities, and Revenue

• Assets, Liabilities, and Equity

• Assets, Expenses, and Equity

• Liabilities, Revenue, and Equity

Which of the following is an example of a current asset?

• Mortgage

• Accounts receivable

• Capital

• Overdraft

How is equity calculated in a balance sheet?

• Assets + Liabilities

• Assets - Liabilities

• Liabilities + Revenue

• Assets - Revenue

Which of the following is an example of a non-current asset?

• Cash

• Accounts payable

• Investments

• Provisions

Which of the following is an example of a liability?

• Inventory

• Machinery

• Loan

• Drawings

Which of the following is NOT an example of an asset?

• Inventory

• Overdraft

• Office furniture

• Buildings