WorksheetsFNSINC612 Practice 3
Total questions: 15
Worksheet time: 12mins
Which of the following is a global business intelligence corporation that provides credit ratings on bonds, countries and other investments?
ASX (Australian Securities Exchange)
S&P (Standard and Poor's)
AASB (Australian Accounting Standard Board)
FSC (Financial Service Council
Which of the following develops, issues and maintains principles-based Australian accounting and external reporting standards?
ASX (Australian Securities Exchange)
S&P (Standard and Poor's)
AASB (Australian Accounting Standard Board)
FSC (Financial Service Council
Which of the following represents Australia's retail and wholesale funds management businesses, superannuation funds, life insurers and financial advisory networks?
ASX (Australian Securities Exchange)
APRA (Australian Prudential Regulation Authority)
AASB (Australian Accounting Standard Board)
FSC (Financial Service Council
Which of the following is one of the world's leading financial market exchanges?
ASX (Australian Securities Exchange)
APRA (Australian Prudential Regulation Authority)
AASB (Australian Accounting Standard Board)
FSC (Financial Service Council
Which of the following provides data and statistics on all aspects of the banking industry and act as its regulatory body?
ASX (Australian Securities Exchange)
APRA (Australian Prudential Regulation Authority)
AASB (Australian Accounting Standard Board)
FSC (Financial Service Council
Match the following.
Check whether postal codes are entered correctly.
Code check
Check whether one entry method is used
Consistency check
Check whether compulsory field has no values
Missing data check
Match the following.
Check whether letters or symbols are used instead of having numbers entered only
Validity/format check
Check whether the same data is entered multiple times
Duplication check
Check whether compulsory field has no values
Missing data check
Match the following.
Check whether data falls outside the normal parameters
Range check
Check whether one entry method for dates is used for all data
Consistency check
Check whether postal codes are correct
Code check
Why should organization validate the data (by performing various checks)?
Make sure data is accurate.
To identify the best person on the data entering team.
To identify the problems with data collection method.
To avoid issues when using software to do analysis.
Why should organization validate the data (by performing various checks)?
Make sure the objective of the research is suitable.
To avoid the mistake of making the wrong conclusion.
To identify the problems with data collection method.
To make sure that details of the data set are correct.
When we report an analysis, we need to include ..
The problem to be researched
Analysis of data from internal and external sources
Team members for the project
Explain the methods used to analyze data
Provide conclusions and recom.
ABS provides statistical standards for financial organizations.
True
False
A company has $400,000 assets and $350,000 liabilities. Which of the following is correct?
The company will not be able to meet their debts if made due
They need additional loans to meet their debts
They can meet all their debts if made due
Cannot conclude from the information given
Match the following ratios.
Leverage ratio
Ability to settle debt (non-cash source)
Liquidity ratio
Ability to turn assets into cash
Profitability ratio
Amount of money after expenses and debts
Ratio analysis is required by AASB.
True
False
