WorksheetsIntro to Finance
Total questions: 10
Worksheet time: 2mins
_______ is crucial in a business
Operation
Strategy
Capital
Resource
These are important areas when planning a business, except for
Cash
Government
Cash
Revenue
These are principles in recording finance data
Source of fund and how it is applied
Types of data input i.e. historical and estimate
Alphabetical order
Transaction types i.e. cash and credit term
Benefits of acquiring financial knowledge
Able to interpret and analyse reports to make informed decisions
Agile in any situation, especially in hard and unprecedented situation
Understand costs and methods to improve company's performance
Communicate better with finance personnel
What are components of an Annual Report?
Corporate Governance Statement
SORMIC
Financial Report
Auditor's Report
Which of the following is NOT one of the Financial Statements?
Statement of Accounts
Statement of Changes in Equity
Statement of Cash Flows
Statement of Financial Position
What is the main reason for employees to analyse the Financial Statements?
Assess risk and return
Keep track economic progress of businesses
Compare performance with rival companies
Assess future remuneration and job security
These are some of the tools used in financial control:
SWOT analysis
Breakeven analysis
Cost-benefit analysis
Leverage analysis
These are types of financial decisions made:
Activities
Assets acquisition
Capital and operational expenditure
Financing and raising funds
These are importance of making financial decisions, except:
Get hefty remuneration
Increase profitability while maintaining sufficient liquidity
Maximize financial worth and value of the company and stakeholders
Minimize risk level
