Assessment Templates

Here are the assessment questions required per segment.

Topic No. of Questions

History of Finance 1

What is Finance? Importance of Finance 1

Economic basics 5

Ungraded Assignment 3

Revenue and Cost 2

Fixed cost vs. variable cost 2

Budget 1

Invoice 1

Profit and Loss 2

Debit and Credit 2

Liquidity 1

RoI 1

Tax 1

Ungraded Assignment 4

Sources of Finance 1

Assets, Liability, and Equity 3

Income and Expenses 3

Ungraded Assignment 7
Topics covered in economics basics are as follows-
● GDP
● Inflation
● demand & supply
● opportunity cost
● economies of scale

Here are some examples of good assessment questions

1. The following is a list of assets for a steel plate manufacturing company. Which of
these are current assets? (More than one option may be selected.)

a. Equipment for treating the steel furnace.

(Feedback- Non-current assets are those assets that cannot be converted easily to
cash within 12 months. The equipment for treating steel furnaces cannot be converted
to cash within 12 months; hence, it is not a current asset.)

b. Cash and cash equivalents

(Feedback- Current assets are those assets that can be converted easily to cash within
12 months. Hence, cash and cash equivalents are current assets as they can be
converted easily into cash.)

c. Patent to produce coated iron and steel plates

(Feedback- Patent to produce coated iron and steel plates cannot be converted to cash
within 12 months, and, hence, it is not a current asset.)

d. Accounts receivables
(Feedback- Accounts receivables can be converted to cash within 12 months and,
hence, it is a current asset.)

e. Inventory of steel plates

(Feedback- Inventory of steel plates can be sold to customers. They can thus be
converted to cash within 12 months, and, hence, they are current assets.)

f. Long-term investment
(Feedback- A long-term investment cannot be converted to cash within 12 months and
hence, it is not a current asset)
2. Suppose a company’s HR team has announced a new policy in the organisation
according to which the company will pay every employee a retention bonus at the end
of the year. Under which broader accounting term should this be recorded?

a. Non-current liability
(Non-current liabilities are obligations that need to be paid over several years or a
period of more than 12 months. Since the retention bonus needs to be paid in the
current year, it cannot be a non-current liability.)

b. Current liabilities
(Current liabilities are obligations that need to be paid within 12 months. Since the
retention bonus will be paid within a period of 12 months, it will be classified under the
head "current liabilities" for the company.)

c. Current assets
(Current assets are those assets that can be converted to cash or consumed within 12
months. However, since the retention bonus needs to be paid to the employees, it is a
liability, not an asset.)

Please note:-

● Feedback is crucial for learners to understand the reasons for their

mistakes or achievements.

● Plagiarism above 8% is not acceptable.