Unit 3 Finance Financial Documents
8 Questions
| Total Attempts: 64
Financial documents - areas that my students find difficult, mainly financial documents
Questions and Answers
- 1.Explain how profit/loss accounts would be useful to the Bank Manager in deciding whether or not to provide a loan to a company.
- 2.Why might the government be interested in the balance sheet of a company?
- 3.Why might a company choose a bank overdraft rather than a loan to deal with temporary cash flow problem?
- 4.Explain possible reasons for the difference between the forecast figures and the actual figures.
- 5.Which Stakeholder is interested in Profit/Loss accounts because : "If good net profits then loans are more likely to be repaid"?
- A.
Managers
- B.
Bank
- C.
Employees
- D.
Government
- E.
Suppliers
- 6.Which financial documents will inform a stakeholder about the current health of a business?
- A.
Cash Flow
- B.
Balance Sheets
- C.
Profit/Loss accounts
- 7.Which financial document will predict the potential inflows and outflows in a business?
- A.
Balance sheets
- B.
Cash Flow
- C.
Profit / loss accounts
- 8.A fixed asset is:
- A.
A debt that the company must pay back within a year
- B.
Something that a company owns is not expected to be of value in more than one years time
- C.
Something that a company owns and is likely to be of value in more than one years time
- D.
A debt that the company will pay back over a number of years
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