A decline function is one that is directly involved in the core operations of the company

A treasurer has the following responsibilities except:

Which is a role of a controller?

Which is not a role of a controller?

financial controllers must ensure their reporting of Non-financial Key Performance Indicators.

Financial controllers must ensure their reporting except in:

I. Having a corporate code of ethics is a great boon to the controller, for he or she can use it as the basis for any ethics-related decision

II. The controller’s immediate supervisor is probably either the chief financial officer (CFO), chief operating officer (COO), or CEO

III. There is no one within the company in whom the controller places a great deal of trust

I. Controllership is a management function that supervises the accounting and financial reporting of an organization

II. Controllership is responsible in the implementation and monitoring of internal controls to ensure a smooth operation of a business

III. Controllership monitors and maintains a healthy business to ensure success

I. The controller is responsible for obtaining and keeping the services or experienced and well-trained accounting personnel

II. The controller is responsible for ensuring that all employees in the department work together in an orderly manner to achieve the controller’s plan

III. The controller is responsible measuring the performance of all key aspects of the department to ensure that performance matches or exceeds standards and that errors are caught and corrected.

I. The controller is responsible for the review, interpretation and generation of recommendations related to the corporate financial performance. This requires excellent communication skills

II. The controller is responsible for periodically reviewing and evaluating the performance of each major process that is involved in the completion of transactions with dual objective of maintaining tight financial controls over processes

III. The controller is responsible for recruiting who does the work

I. The control environment includes the governance and management functions and the attitudes, awareness, and actions of those charged with governance and management

II. The control environment sets the tone of an organization, influencing the control consciousness of its people

III. The control environment is the last line of defense to mitigate risks in any institution or organization

I. Control activities are the measures used to help ensure that management directives are carried out and that risks are addressed

II. Preventive controls includes reading and understanding applicable administrative policies, department policy/procedures to learn the right way to do something

III. Detective control is an accounting term that refers to a type of internal control intended to find problems within a company's processes once they have occurred.

Which one of the following statement is correct?

It is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives.

SWOT Analysis is a tool use in business strategy. SWOT stands for _________.

All of it are benefits of having Strategic Planning, except one.

You conduct a SWOT analysis and find out that a new competitor is opening within 5 miles of your store. This would be considered a __________.

By identifying areas under the weaknesses section, how does this help you develop?

Things your competitor does better than you.

Mr Jonas a culinary chef has been a chef for 3 years, and he has a dream to open his own restaurant. He has found the perfect space for his restaurant and has enough capital to start his business. However, Mr Jonas has no entrepreneurial skills and doesn’t know the first thing about starting a business even though he is a cook. Mr Jonas would like to open a steak house restaurant but the location he chose for his business already has 3 steak house restaurants. Mr Jonas has passion, he has Capital and he is a hard worker.    

 Identify threats that Mr Jonas might face during the process of starting his business?  (ANA)

What is the purpose of performing a SWOT Analysis? (CRE)

When assessing on the businesses external environment the owner is concerned with?(APP)

Mr. Jonas discovered that a new competitor has entered the market. At which stage of the SWOT analysis would this discovery probably be made? (ANA)

A SWOT analysis examines internal and external environment. (REM)