Finance Vocabulary

The _______ manager needs to record all financial transactions in the system.

Answer explanation

The correct choice is 'finance' because a finance manager is responsible for overseeing and recording all financial transactions within an organization.

It’s important to ______ the financial reports carefully to understand the company’s performance

Answer explanation

The correct choice is 'analyze' because it means to examine the financial reports in detail, which is essential for understanding the company's performance.

The accountant works hard to _____ the company follows all tax compliance rules.

Answer explanation

The correct choice is 'ensure' because it means to make certain that the company follows all tax compliance rules, which aligns with the accountant's responsibility.

At the end of each month, the finance manager must _____ the financial health of the company to the board

Answer explanation

The correct choice is 'report' because it accurately describes the action of presenting financial information to the board, which is essential for assessing the company's financial health.

As a finance manager, you need to _____ the budget and control costs effectively.

Answer explanation

The correct choice is 'manage' because as a finance manager, your role involves overseeing the budget and ensuring that costs are controlled effectively.

The accountant must organize all the _____ documents before the audit

Answer explanation

The correct choice is 'financial' because it directly relates to the documents an accountant organizes for an audit, which typically include financial records and statements.

The financial _____ predicts how much money the company will make next year.

Answer explanation

The correct choice is 'forecast' as it refers to a prediction of future financial performance, specifically how much money the company is expected to make next year.

It’s essential for the accountant to make sure the company is in full tax ______ with the law.

Answer explanation

The correct choice is 'compliance' as it refers to the state of conforming to laws and regulations, which is crucial for accountants to ensure the company meets its tax obligations.

The finance manager creates a _____ to decide how to spend the company’s money.

Answer explanation

The finance manager creates a budget to plan and allocate the company's financial resources effectively, ensuring that spending aligns with the company's goals.