Fiscal Year End: Financial Reporting Quiz
9 Questions
| Total Attempts: 275
(66).jpg "Fiscal Year End: Financial Reporting Quiz")
Fiscal year end: financial reporting quiz. Businesses are expected to have end year reports so as to check their liquidity in the year and check its year to year growth. Do you know which statements that should be prepared and how to determine what month should be the yearend report time? Take up this quiz and get to refresh your memory on some of the basics surrounding financial reporting for companies.
Questions and Answers
- 1.Effective December 31, 2013, Forest City will be changing its fiscal year-end from the 12 months ended January 31, 20xx to the 12 months ended December 31, 20xx.
- A.
True
- B.
False
- 2.To run financial reports with fiscal based results, the user must select ____ for the fiscal year variant.
- A.
Z1
- B.
Z2
- 3.To run financial reports with calendar-based results, the user must select ____ for the fiscal year variant.
- A.
Z1
- B.
Z2
- 4.Historical financial data for Actuals have been shifted to a calendar basis in Z1 for comparative reporting purposes for which year?
- A.
2011
- B.
2012
- C.
2013
- D.
2014
- 5.The stub period for January year-end companies is Period 12, 2013.
- A.
True
- B.
False
- 6.There are 12 months of 2013 Actuals results for January year-end companies in Z2 (fiscal basis).
- A.
True
- B.
False
- 7.January 2014 transactions on a formerly January year-end company are recorded in which accounting period?
- A.
Period 12 2013
- B.
Periods 13-16 2013
- C.
Period 0 2014
- D.
Period 1 2014
What’s your financial IQ? The ultimate quiz below is designed for all finance students who want to test their understanding on all things finance. If you claim to understand all things surrounding finance, you need to...
Questions: 20 | Attempts: 10379 | Last updated: Sep 2, 2020
-
Sample QuestionSince 1929, how many market crashes have there been in which the Dow Jones Industrial Average took at least 16 years to return to pre-crash levels?
The Indian financial system quizzes trivia. It is nearly impossible for a business not to have lenders and the Indian financial system makes it possible for lenders, borrowers and investors to interact with each other. How well...
Questions: 40 | Attempts: 7822 | Last updated: Sep 2, 2020
-
Sample QuestionThe structure that is available in an economy to mobilize the capital from various surplus sectors of the economy and allocate and distribute the same to the various needy sectors is known as----------
Concept of risk and return: finance quiz. There are a lot of things that people assess before they decide to invest in a project and this signifies an element of risk of making less money than intended. People take risk in...
Questions: 17 | Attempts: 7449 | Last updated: Sep 2, 2020
-
Sample QuestionThe return may be thought of as
Back to top