QUIZ 1

5.       Responsible to Monthly Sales and Monthly Result

Select one:
a.
   Lead Team

b.
    Financial Analysis

c.
d.       Budget and Forecastingxxxx

d.
   Budget and Forecasting

e.
     Close Process///???xxx
 
  Responsible person to conduct  a Training
Select one:
a.
internal Control

b.
Lead Team

c.
Accountant
 Accountant

d.
close process

 Responsible for Procedure to Financial Process

Select one:
a.
      Cash Management1xxxx

b.
     Internal Control2xxxxxx
 c.
  Close Process3

d.
       Lead Team

Responsible person to Update the policy and Procedure

Select one:
a.
        Accounting Function

b.
    Financial Analysis

c.
     Internal Control

d.
     Lead Team      

 Responsible to General Ledger function

Select one:
a.
Cash Management

b.
      Financial Analysis

c.
    Accounting Function

d.
cash Management
QUIZ 2

accuracy and timeliness of all compliance of the company regardless for tax planning. 
Select one:
a.
 Financial analysisxxxx

b.
Budget and Forecasting

c.
Outside Accountancy

d.
Tax Filing

Responsible person to closing in having involve to any financial Audit and closing Report
Select one:
a.
Tax filing

b.
 Outside Accountant

c.
Management Collaboration
d.
Internal Revenue

 Deeply involve for end of the month budget process

Select one:
a.
  Financial Analysis

b.
 Tax failing

c.
Outside accountant

d.
  Budget and Forecasting

Closely Working with the company owner

Select one:
a.
Budget and Forecasting

b.
Lead Teamxxxxxxx

c.
 Outside accountant

d.
 Management Collaboration

Who is Preparing the cash Flow forecast and distribute the monthly report to making ?

Select one:
a.
Secretary

b.
Cash Management1

c.
 Outside Accountant

d.
Executive Director2xxxxxxxx

Audit Department or Accounting Department is Responsible to filling the Government taxes.

Select one:
True

False
What are the list of Categories for achievement objectives ?
Select one or more:
a.
Reliability of financial Reporting

b.
Functionality

c.
Effectiveness and Efficiency of operation

d.
Compliance with applicable laws and regulations

e.
Implementation

They are the 3 process used for assessing risk.

Select one or more:
a.
Functionality risk

b.
Identifying risk

c.
Sourcing risk

d.
Prioritizing risk

e.
Responsibilities risk

For risk consideration the volume size , complexity and homogeneity of the individual

transaction process through a given account or group of account is Receivable or Revenue
account
Select one:
 True

False

The cash management is responsible to update the policy and procedure .

Select one:
True

False

is a process affected by an entity board of director, Management  and other personnel,

designed to provide reasonable assurance regarding the achievement of objective.
Internal Control

Preparing the cash flow forecast to distribute executive monthly report and making cash
transfer decision is a outside accountant.

Select one:
True

False

Close process is a deeply involved in end of  monthly budget process.

Select one:
True

False

Financial Controllership is a Management function that supervise the Answer  and

____________ of an organization it is responsible in the implementation and monitoring of
internal controls.

Accounting and financial reporting

MIDTERM QUIZ 1

 Internal Control strands without a strong set of policies and procedures.

Select one:
True

False

Is a process effected by an entity board of directors, management and other personnel,

designed to provide reasonable assurance regarding the achievement of adjectives
INTERNAL CONTROL

 The internal control is effected by an entity of broad of Director.

Select one:
True ???? as per midterm exam – correct answer

False
One of the objective of internal control is Reliability of financial reporting.
Select one:
True

False
Effectiveness and Efficiency of operation is the number one characteristic of cost control.
Select one:
True XXXXXX

False

Internal Control strands  with a strong control environment.

Select one:
True

False XXXXX
Internal Control should be built “into” not “onto” business process.
Select one:
True

False
 Internal Control is non- integral to every aspect of business.
Select one:
True

False
 The reliability of financial reporting is one of the objective categories of internal control.
Select one:
True

False
The 4 objectives categories of internal control is.

Select one:
a.
  Effectiveness and efficiency of operations

b.
Reasonable Assurance XXXXX

c.
  Reliability of financial reporting

d.
  Compliance with applicable law and regulation

e.
  The accomplishment of established objective and goals to operation or program

QUIZ 2

Making sure all accounting allocation are made and not recorded

Select one:
True

False
The responsibilities of financial controller focus we have 6 broad areas.

Select one:
True
 False
One of the broad areas of financial controller responsibilities is overseeing accounts payable
and accounts receivable , cash disbursement, payroll and bank reconciliations function

Select one:
True

False
For the internal control reviewing invoices to be paid and accounts receivables  aging for
not able to report

Select one:
True ??? XXXXXX

False
Bringing in hands on help can enable staff to concentrate on important goal of growing the
business

Select one:
True???

False
Uncertain economic times means getting reliable and current financial information from a
financial controller is not crucial

Select one:
True

False
They offer valuable skills is one of the financial controller to help with planning for growth

Select one:
True

False
The  Financial controller they offer the valuable skills like ability  to pre- empt future
challenges

Select one:
True

False
Instigating and not implementing control for the company’s accounting and non- financial
procedure

Select one:
True

False
Liaises with external tax accountants for income tax preparation and for auditors preparing
the company annual report

Select one:
True

False

The internal control is effected by an entity of the employee

Select one:
True

False ???
Internal control Is a process but not  effected by an entity board of directors, management
and other personnel, designed to provide reasonable assurance regarding the achievement
of adjectives

Select one:
True

False???

One of the objectives categories of internal control is.

a.       Effectiveness and efficiency of operations
b.      
c.       
d.      The accomplishment of established objective and goals to operation or program

Select one:
 a.
 Effectiveness and efficiency of operations

b.
Compliance with applicable law and regulation using for external process

c.
non- Reliability of financial reporting

d.
all of the above

FINALS

The out-put of financial analysis is a useful tools in decision-making

Select one:

True

False

The firm’s of financial condition is the concern of various groups consisting of the of the
Creditor

Select one:
True xxxxxx

False
Financial ratio may be defined as a relationship between two quantities on a firm

Select one:
True

False
One of the classification of liquidity ratio is a future ratio 

Select one:
True
 False ???
The comparative or trend analysis compares and measure item on the financial statements
of two or more current period. 
Select one:
True

False ???
The financial analysis is to diagnose the future and financial condition.
Select one:

True xxxxxx

False

The used of liquidity ratio to measure the ability of the firm. 

Select one:
True

False xxxxxx
The categories of financial analysis is single- period analysis
Select one:

True

False

The purpose of financial ratio is to monitor performance.

Select one:
True

False
The purpose of financial ratio is to help diagnose a past situation (

Select one:
True ?? xxxxxxx

False

The solvency ratio is include of sales to net worth ratio 

Select one:
True

False xxxxxxxx
Classification of financial ratio analysis is activity ratio

Select one:
True

Fals
Profitability ratio are those which measure into management effectiveness as shown by the
returns generated on sales and the investment.

Select one:
True

False
The acid test ratio also called calculated ratio 

Select one:
True

False
One of the classification of liquidity ratio is a common stock

Select one:
True

False
The balance sheet are known as editing asset 

Select one:
True xxxxxxx

False
The sales into receivable ratio maybe computed in two ways (T)
Select one:
True

False
Solvency ratio refers to those which measure the ability of the firm to pay its debt eventually
if it not paid on time

Select one:
True

False
rofitability ratio indicating in sales to inventory ratio and profit to net loss

Select one:
True

False
Single- period analysis refers to static and monitor performance ratio. 

Select one:
True

False
the comparative or trend analysis compares and measure items on the financial statements
of two or more fiscal period  

Select one:
True

False ????? xxxxxxx

This ratio is also called return on total assets ratio it means non- profit asset. 

Select one:
True

False ??
Investigating  and not implementing control our the company accounting and non financial
procedure 
Select one:
True

False
debt to net worth ratio is show the relative proportion of debt equity.

Select one:
True

False
Ratio percentages and other analytical techniques open the financial position and result of
the end operation of the firm.

Select one:
True xxxxxx

False
as soon as the inventory is sold and the credit sales are collected funds will be released.

Select one:
True ???

False
Profitability ratio indicating in sales to inventory ratio and profit to net loss 

Select one:
True xxxxxxx

False
This ratio is also called return on total assets ratio it means non- profit asset. 
Select one:

True

False 

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The correct answer is 'False'.

Question 2
Correct

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Question text
 Single- period analysis refers to static and monitor performance ratio. 

Select one:

True

False 

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The correct answer is 'False'.

Question 3
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 The purpose of financial ratio is to monitor performance. 

Select one:

True 

False

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The correct answer is 'True'.

Question 4
Correct

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 effectiveness and efficiency of operation is the number one characteristic of cost control 

Select one:

True

False 

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The correct answer is 'False'.

Question 5
Correct

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The comparative or trend analysis compares and measure item on the financial statements
of two or more current period. 

Select one:

True

False 
Feedback
The correct answer is 'False'.

Question 6
Correct

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Making sure all accounting allocation are made and not recorded
Select one:

True

False 

Feedback
The correct answer is 'False'.

Question 7
Correct

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Investigating  and not implementing control our the company accounting and non financial
procedure 
Select one:

True

False 

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The correct answer is 'False'.

Question 8
Correct

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Financial controller they offer valuable skill like ability to pre- empty future challenges.
Select one:

True 

False

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The correct answer is 'True'.

Question 9
Incorrect

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the comparative or trend analysis compares and measure items on the financial statements
of two or more fiscal period  
Select one:

True

False 

Feedback
The correct answer is 'True'.
Question 10
Correct

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The used of liquidity ratio to measure the ability of the firm. 

Select one:

True 

False

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The correct answer is 'True'.

Question 11
Correct

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 The financial analysis is to diagnose the future and financial condition. 

Select one:

True

False 
Feedback
The correct answer is 'False'.

Question 12
Correct

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one of the broad areas of financial controller responsibilities is overkeeping accounts
payable and receivables, cash disbursement, payroll and bank reconciliation function .
Select one:

True 

False

Feedback
The correct answer is 'True'.

Question 13
Correct

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debt to net worth ratio is show the relative proportion of debt equity.
Select one:

True 

False

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The correct answer is 'True'.

Question 14
Correct

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one of the objective of internal control is reliability of financial reporting
Select one:

True 

False

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The correct answer is 'True'.

Question 15
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Ratio percentages and other analytical techniques open the financial position and result of
the end operation of the firm.
Select one:

True 

False

Feedback
The correct answer is 'False'.
Question 16
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as soon as the inventory is sold and the credit sales are collected funds will be released.
Select one:

True 

False

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The correct answer is 'True'.

Question 17
Correct

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The out-put of financial analysis is a useful tools in decision-making 

Select one:

True 

False

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The correct answer is 'True'.
Question 18
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 Profitability ratio are those which measure into management effectiveness as shown by the
returns generated on sales and the investment. 

Select one:

True 

False

Feedback
The correct answer is 'True'.

Question 19
Incorrect

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Profitability ratio indicating in sales to inventory ratio and profit to net loss 
Select one:

True 

False

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The correct answer is 'False'.

Question 20
Correct

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 One of the classification of liquidity ratio is a future ratio 

Select one:

True

False 

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The correct answer is 'False'.