POB 6.02

Disclose information

One significant purpose of the notes to the financial statements is to

In line with organizational priorities

The finance function ensures that the company's financial goals are

Budgeting

The finance function is usually responsible for which of the following processes:

Working capital management

A company's current balance of assets and liabilities falls under the focus of

Investments

The administration of assets refers to decisions about

As short as possible

The cash conversion cycle should be

New business projects and strategies

The finance function would definitely be involved in a decision regarding

Reduce risks

The goals of the finance function are to ensure profitability and to

Information systems

To keep communication flowing with other departments, the finance function depends on

Liabilities plus equity

To make the balance sheet "balance," assets must equal

Financial situation

When Jack examines the balance sheet of a company, he sees a "picture" of the company's

Profitability

When Paula examines the income statement, she sees the company's

Growing in value

When return on capital is positive, the company is

How to finance investments

Which of the following is a capital investment decision:

Cash conversion cycle

Which of the following is a key component of managing working capital:

Return on capital

Which of the following is a measure of how well a business generates cash flow:

Revenues

Which of the following is not an expense represented on the income statement:

Incomplete

Without the notes, the financial statements are considered

Acquisition of funds

Decisions about financing refer to the

Recordkeeping activities

Accounting is distinct from finance because its main focus is on

Capital budgeting

Determining which projects a business should invest in is known as

Accounts receivable

Money owed to the business is known as

Accounts payable

Money the business owes is known as

Buildings

On the balance sheet, the property and equipment category includes

Arrives

On the cash flow statement, incoming cash is "counted" when it

Equity

Assets a company already owns and can use to finance a new venture are called

Money

Finance is the business function that involves managing

Where the firm's money went

From the cash flow statement, an investor can determine

It plans and controls spending

How does the finance function relate to company spending?

Net income

On the income statement, which of the following represents the overall excess or shortage for the year: