Business Finance - ABM 4

The finance person takes charge of the investments of the stakeholders, the use of funds in the operation and the distribution of income to the business owners.

• True

• False

Finance is considered as science because it's governed by facts and truths .

• True

• False

Funds from operations are externally generated money.

• True

• False

It is anything accepted as a means of paying for goods, and/or paying off the firm's liabilities.

• Cash

• Money

• Peso

• Stocks

Which Philippine agency does this logo represent?

• Department of Finacnce

• Bangko Sentral ng Pilipinas

• Commission on Audit

• Bureau of Internal Revenue

Which Philippine agency does this logo represent?

• Department of Finacnce

• Bangko Sentral ng Pilipinas

• Commission on Audit

• Bureau of Internal Revenue

The following are the roles and responsibilities of the finance department, except...

• Recruitment and selection

• Bookkeeping

• Financial reporting and analysis

• Management of taxes

Conducting daily reconciliations, process and dispatching outgoing invoices, etc.

• Credit Controller

• Accounting Clerk

• Financial Accountant

• CFO

Manages accounts receivables.

• Credit Controller

• CFO

• Accounting Clerk

• Financial Accountant

Providing useful, accurate, and timely information for external users.

• Credit Controller

• CFO

• Accounting Clerk

• Financial Accountant