FMA orientation

What is the primary objective of financial management?

• To maximize company’s debt
• To minimize profits
• To maximize shareholder wealth
• To increase employee satisfaction

Which of the following is not a type of financial statement?

• Income Statement
• Price List
• Cash Flow Statement
• Balance Sheet

Tools in Finance

• Excel
• Tally
• ERP
• One

Revenue is also known as:

• Expenses
• Sales
• Dividends
• Inventory

Which of the following is a current asset?

• Land
• Building
• Inventory
• Patents

If a company takes a loan, it is recorded as:

• An asset
• A liability
• Equity
• Expense

Debts to be paid within a year are known as:

• Current liabilities
• Fixed liabilities
• Contingent liabilities
• None of these

Which of the following is an intangible asset?

• Office equipment
• Inventory
• Patent
• Building

What does "double-entry bookkeeping" mean?

• Two accountants work together
• Every transaction affects at least two accounts
• Every account has two charts
• Income and expenses are the same

Assets that can be converted into cash within a year are known as:

• Intangible assets
• Fixed assets
• Current assets
• Investments