Praxis 5101

determines the viability of a company

• financial planning

• financial feasibility

• resource allocation

• financial control

To accurately calculate the funds, a company has available to pay expenses in the short run. An employee should review the.

• Statement of retained earnings

• Income statement

• Balance sheet

• Statement of cash flows

oversee financial tasks

*more hands on with record keeping, updating accounts payable, reconciling, bank statements

• controllers

• treasurers

• risk mangers

• credit mangers

• cash mangers

In financial management, risk management involves:

• Ignoring potential financial losses

• Identifying, analyzing, and taking steps to reduce or eliminate the exposures to loss

• Taking as many financial risks as possible to increase profits

• Focusing solely on short-term financial gains

company's reserve pile of its own stock

• common stock

• preferred stock

• treasury stock

• contributed surplus

A credit is on the right side of the T-Accounts and does what?

• increases assets

• increases liability

involves raising capital forgiveness and business rather than loaning money.

they underwrite IPO's, restructure mergers and acquisitions

• credit union

• money market

• savings and loan

• investment bank

A firm pays $1000 for furniture on account which of the following journal entries should be made

• Cash should be credited; office furniture should be debited

• Office expense should be debited; accounts payable should be

• Office furniture should be debited; accounts payable should be credited

• Accounts payable an office furniture should be debited; cash should be credited

create credit and loan policies for companies

*check credit worthiness

*risk analysis and feedback when its reasonable for a company to take out a loan

• *if there are debts, it is there job to collect

• controllers

• treasurers

• risk mangers

• credit mangers

• cash mangers

estimate of cash flow into and out of the business for a specific time period

• budget

• capital budget

• cash budget

• master budget