Preparation for ”Prova Recurso”

1- What is financial statement?

2- What are the financial statements you have studied, according to the order they are presented?
3- What is the difference between net income and net loss?
4- Can all the incomes be considered profit? Why?
5- What is the consequence of net income /net loss in the owner’s equity?
6- What is balance sheet?
7- What are the basic elements of balance sheet?
8- What are the types/subtypes of assets you have studied?
9- Cash is one of the most important type of asset? Why?
10- What is the difference between liability and expenses?
11- What is cash flow?
12- What are the types of cash flow statements you’ve studied?
13- What are the difference between the cash flow statements you’ve mentioned in 12?
14- Why can we have a huge net income and a negative cash flow?
15- What is the importance of the financial statements in business?

16- Fill in the blanks with the correct conditional form.

a) Edson would go to the meeting if he (have) the company’s address.
b) If Marcia (do) her tasks now, her manager will be very glad.
c) You (not / lose) your password if you wrote it in a piece of paper.
d) Unfortunately, I didn’t go to Paris, but if I (go) there, I would visit my friends.
e) If I (give) him my computer, he would be more prepared.
f) If Leandro (not/tell) me the truth, I will not talk to him anymore.
g) Mayra will be very angry if her boyfriend (break) her laptop.
h) My students (be) great managers If they study hard.

17- Rewrite the following sentences as shown below: (4.0pts)

a) The CEO will ask the employees many questions.
The employees
b) My co-worker told him about the new department.
He
c) “We didn’t buy any product yesterday.”
Ana and Milton said that
d) “The director is creating a new service in our company.”
Jorge said that
e) He didn’t offer the manager any compensation.
The manager
f) “Did you all see the financial statements?”
The accountant manager asked Paula
g) The new boss has taught us how to do the balance sheet.
We
h) “Get out of my office!”
The COO order the receptionists