WorksheetsFM - Chapter 1-3
Total questions: 58
Worksheet time: 55mins
ROLE OF FINANCIAL MANAGEMENT in the past was
utilization of funds
acquisition of funds
secure funds
One source is _______.
Financial
Finance
Financial Management
is charged with
important and significant tasks and responsibilities
the businessman
FINANCIAL EXECUTIVE
FINANCIAL MANAGEMENT
▪ has a wide range of responsibilities.
▪ His function and activities are in the pursuit of company's goal
the businessman
FINANCIAL MANAGEMENT
FINANCIAL EXECUTIVE
1st MEMBERS OF THE FINANCIAL EXECUTIVE
(a)
2nd MEMBERS OF THE FINANCIAL EXECUTIVE
Chairman of the Finance Committee of the Board of
Directors
Vice President of Finance
Chief Financial Officer
Controller
3rd MEMBERS OF THE FINANCIAL EXECUTIVE
(a)
4th MEMBER OF THE FINANCIAL EXECUTIVE
Vice President of Finance
Controller
Chief Financial Officer
Chairman of the Finance Committee of the Board of Directors
maximum _______ combined with their ___________ characteristics
(a)
Among these is the concerted effort to achieve
an optimum financial scheme of things for the
firm to maximize the welfare of the common shareholders.
(a)
She is a key executive
(a)
Applied to various accounting positions
(a)
Nothing more than a glorified senior book keeper
(a)
can improve the things he does.
(a)
has a wide range of responsibilities
(a)
- Among these is the concerted effort to achieve an optimum financial scheme of things
(a)
Applied to various accounting positions
(a)
Nothing more than a glorified senior book keeper
(a)
She is a key executive
(a)
§ "The decisions made by ----------, when added together, are crucial for making the economy stable or unstable. The individual businessman should do everything he can to make the economy more stable, consistent with his responsibility for economic efficiency and expansion."
(a)
§ "The decisions made by businesses, when added together, are crucial for making the economy stable or unstable. The individual businessman should do everything he can to make the economy more stable, consistent with his responsibility for --------------------------."
(a)
first SCOPE OF FINANCIAL MANAGEMENT
(a)
SECOND SCOPE OF FINANCIAL MANAGEMENT
(a)
THIRD SCOPE OF FINANCIAL MANAGEMENT
(a)
FOURTH SCOPE OF FINANCIAL MANAGEMENT
(a)
FIFTH SCOPE OF FINANCIAL MANAGEMENT
(a)
SIXTH SCOPE OF FINANCIAL MANAGEMENT
(a)
Preparation and translation of the short and long-term plans
(a)
A major responsibility of financial management is to maintain an adequate cash position
(a)
business enterprise is unable to meet cash payments
(a)
brought by successive losses
(a)
Raising cash may partake of two ways:
(a)
§ With partnerships, the partners have to pool additional funds to meet the growing needs of the business.
(a)
the sale of shares of ownership interest in the form of common and preferred stocks
(a)
(long term or short term)
(a)
Letter D in Financial Planning
(a)
secured promisory note
(a)
unsecured promises
(a)
(important method by which a corporation may expand its sale of operations without acquiring title to the needed assets)
(a)
small business for renting of offices
(a)
§ cover the use of buildings, factories, etc.
(a)
one of the prime object of any business
(a)
(cash sales and collection of receivables)
(a)
Handling Cash Receipts
Regularity of sales
Proportions of cash and credit sales
Term of sales
Amount collected from receivables
Bill collection
(consideration must be made with respect to safety of deposits and services rendered)
(a)
Two concepts are equally important in understanding how firms choose investments
(a)
Two concepts are equally important
(a)
(stocks and funded debts, including bonds and notes)
(a)
MANAGEMENT OF RECEIVABLES
Determining who shall be granted credit
Determining the Amount
Bill collection
Short Term Lease
C’S OF CREDIT
(a)
maximum amount of credit
(a)
do not lessen the amount of credit
(a)
Establishing policies on investment in inventory (thru cash budget)
(a)
Some companies pay cash dividends. Other pay stock dividends to their stockholders.
(a)
retired controller
(a)
1. three major objectives
(a)
2. three major objectives
(a)
3. three major objectives
(a)
