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WorksheetsFIN 3513
Total questions: 52
Worksheet time: 41mins
Financial management mainly focuses on
Efficient management of every business
Brand dimension
Arrangement of funds
All elements of acquiring and using means of financial resources for financial activities
A ______________ is a set of documents that outline the essential financial facts about the new venture.
financial forecast
budget
income statement
financial plan
___________________ represents the short-term liabilities that a business owes to creditors.
Owner's equity
Accounting equation
Accounts payable
Financial statement
The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.
income statement
accounts payable
owner's equity
financial statement
______________________are documents that summarize the changes resulting from business transactions that occur during an accounting period.
Income statements
Financial statements
Accounts payables
Current assets
Property is anything of value that is owned or controlled.
True
False
______________ are property and other items of value owned by a business.
Current assets
Fixed assets
Liabilities
Assets
The total amount of money owed to a business is known as, accounts receivable.
True
False
The systematic process of recording and reporting the financial position of a person or an organization is called, ______________.
Accounts receivable
Accounting
Generally accepted accounting principals (GAAP)
Fixed assets
Cash flows are the money that is available to a business at any given time.
True
False
A _____________________ is a report of the balances in all assets, liability, and owner's equity accounts at the end of a accounting period
statement of cash flows
balance sheet
income statement
financial statement
_____________________ are the creditors' claims to the assets of a business.
Liabilities
Owner's equity
Equity
Assets
Current assets are the assets that are either used up or converted to cash during the normal cycle of business.
True
False
________________________ is the total amount of money owed to a business
Accounts payable
Accounts receivable
Fixed assets
Equity
Fixed assets are items of value that will be held for more than one year.
True
False
A ___________________ is a plan specifying how money will be used or spent during a particular period.
financial forecast
financial plan
accounting equation
budget
______________ is money supplied by investors, banks, or owners of a business.
Equity
Capital
Income statement
Property
A _______________________ is an estimate of a business's financial outlook for the few years.
financial plan
financial forecast
budget
income statement
The income statement is sometimes called a profit and loss statement.
True
False
_____________ is the present value of an asset less all claims against it.
Capital
Property
Equity
Asset
The primary goal of financial management is
to maximize the return
to minimize the risk
to maximize wealth of owners
to maximize profit
A decision to acquire a new and modern plant to upgrade an old one is a
financing decision
working capital decision
investment decision
none of the above
In a financial market, the price to borrow money is called the?
Deposit
Interest Rate
Credit
Cost
______________ are property and other items of value owned by a business.
Current assets
Fixed assets
Liabilities
Assets
Which of the following is/are the financial management process?
Setting goals
Evaluating financial status
Creating financial plan
Reviewing and revising the progress
All of the above
Which of the following is/are correct?
short term financial goals can be achieved less than 6 months
short term financial goals can be achieved less than a year
long term financial goals usually take more than 3 years
long term financial goals usually more than 10 years
This decision is about the quantum of finance to be raised from various long-term sources.
Investment decision
Financing decision
Dividend decision
Capital budgeting decision
Capital budgeting related to
long term assets
short term assets
long term assets and short term assets
fixed assets
Financial management is mainly concerned with
All aspects of acquiring and utilizing financial resources for firms activities
Arrangement of funds
Efficient Management of every business
Profit maximisation
Finance functions are
Planning for funds
Raising of funds
Allocation of funds
All of the above
It is the study of how individuals or businesses evaluate investment opportunities, business proposals and business projects, and raise capital to fund them.
Finance
Evaluating Investments
Financial Management
Financial Institution
Through investment the business will earn interest.
Money Has Time Value
Risk Return Trade Off
Cash Flows Are Source of Values
Individuals Respond to Incentives
Its main role is to act as financial intermediary.
Finance
Evaluating Investments
Financial Management
Financial Institution
What is the meaning of Riba
Uncertainty
Gambling
Ownership
Exploitation
WHAT ARE PROHIBITION OF SHARIAH
ZAKAT
RIBA
LOANS
INTEREST RATE
A "sukuk" is basically a Shariah-compliant
loan
profit
bank cheque
investment certificate
Which from the following is/are NOT permitted under Islamic Financial Principles
I. Interest
II. Short selling
III. Non-asset backed securities
I only
I and II
I and III
I, II, and III
A type of partnership where one party offers funds while other gives expertise and management is
Murabaha
Musharaka
Ijarah
Mudaraba
The Islamic financial system prohibits transaction featuring
Extreme uncertainties resulting from speculation and gambling
Sharing of profit and risk of loss
Partnership agreements
Trading for profit
Which of the following is a type of investing instrument?
Musharakah
Musavvama
Kafalah
Qimar
Shariah provides a network of ethical and moral rules of behavior for
Potential buyers
Travelling merchants
All participants in market
Muslims only
Find the asset-based financial instruments:
Salam, Murabaha, Istisna', Ijarah
Musharakah and Murabaha
Salam, Murabaha, Mudaraba, Istisna'
Salam, Mudaraba, Istisna'
Tabarru is...
An arrangement based on mutual assistance
Contract of charity or donation
A common fund contributed by a takaful participants
Insurance contract
Find types of Takaful.
Musharaka, Wakala, Hybrid, Waqf
Mudaraba, Wakala, Hybrid, Waqf
Mudaraba, Kafala, Hybrid, Waqf
Murabaha, Wakala, Hybrid, Waqf
Murabaha is...
Partnership agreements
Trade-based Agreements
Commission payment agreements
Loan agreement
In the ____________ model of Takaful financial losses are required to be covered only by the participants
Wakala
Mudaraba
Murabaha
Waqf
Which are two types of common Islamic capital market product?
Sukuk
Mutual Fund
Bitcoin
Risk is part of investment. High risk investment could give high return. However, risk may be transfer. Which institution would accept to get transferred of risk?
Central bank
Takaful /insurance
Bursa
Tabung haji
"The borrower must not promise in the contract to pay anything extra"
from the statement above, it decribes ....
qardhul hassan
murabahah
wadiah yad dhamanah
Originally Wadiah is of Yad Amanah where the custodian has the duty to protect the property by .....
Not mixing or pooling the properties (money) under his custody
Not charging any fees for safe custody
all of the above
all these are characteristics of Rahnu, except ...
Mortgaged property can be sold by court order to pay for the debt for which it is mortgaged. The balance if any, after payment of debt is to be returned to mortgagor
Sale of mortgaged property is invalid
The lessor has the power and capacity to use and lease the asset
"General partnership whereby two or more parties into a contract to exploit their labour and capital jointly and to share the profits and losses of the partnership. "
This statement describe about
mudharabah contract
musyarakah contract
Ijarah contract
