WorksheetsFINANCIAL DOCUMDEMTS
Total questions: 10
Worksheet time: 3mins
What is our topic of discussion?
The pros and Cons of being an accountant
3 types and contents of financial documents and their importance to a company
Present some common corporate ethics
What are the differences between fair trade and free trade?
True or False: "Financial statements shows a true and fair view of the financial performance of the last financial year and overall financial position at the end of the financial year. "
True
False
What do financial statements include?
Balance sheet
Income statement
Cash flow statement
All three options above
The Balance Sheet has three main heads:
assets, liabilities, cost
assets, liabilities, debt
assets, liabilities, shareholder's equity
The balance sheet is based on the fundamental equation:
Assets = Liabilities - Equity
Assets = Liabilities + Equity
Assets = Liabilities * Equity
Assets = Liabilities / Equity
If the equity balance at the end of 2017 is 800 million and at the end of 2018 is 900 million, what is the change in equity balance?
100 millions
1700 millions
50 millions
no change
Which statement is false?
Property, Plant, and Equipment capture the company’s tangible fixed assets.
Inventory includes amounts for raw materials, work-in-progress goods, and finished goods.
Share Capital is the value of funds that shareholders have invested in the company.
Financial Statements don't accurately reflects the business performance and financial position of the company
PP&E stands for which of the following phrases ?
Plant, Property, and Equipment
Price, Property, and Equipment
Product, Place, Price and Promotion
True or False: “The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.”
True
False
According to Vietnamese law, does a newly established company or has not yet issued an invoice required to submit a Financial Statement?
Yes
No
