Senior Financial Managers Organize and Oversea Budgets to Reach Financial Goals?

Senior Financial Managers Organize and Oversea Budgets to Reach Financial Goals?
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Almost every government agency, private company, and other organizations employ at least one senior finance manager. Senior finance jobs include controller, finance manager, treasurer, chief financial officer, risk and insurance manager, credit manager, and manager of international banking. Each title comes with specific duties like directing investment activities, preparing financial statements, and implementing cash management strategies.Controllers are responsible for preparing reports for certain regulatory agencies and they oversea accounting, budget, and auditing departments. Treasurers and financial officers supervise cash management activities, oversea the investment of company funds, and execute capital raising strategies for expansion. Credit managers monitor the collection of pa
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The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Description : The methods and regulation used to define goals, plan and monitor tasks and resources, identify and resolve issues, and control costs and budgets for a specific project is known as … a. project management. b. Process Management c. Process d. Activities

Last Answer : a. project management.

Which of the following is most likely to be considered a risk factor relating to fraudulent financial reporting? a. Low turnover of senior management. b. Extreme degree of competition within the industry. c. Capital structure including various operating subsidiaries. d. Sales goals in excess of any of the preceding three years

Description : Which of the following is most likely to be considered a risk factor relating to fraudulent financial reporting? a. Low turnover of senior management. b. Extreme degree of competition within the ... various operating subsidiaries. d. Sales goals in excess of any of the preceding three years

Last Answer : Extreme degree of competition within the industry.

Which best explains how budgeting helps consumers reach their financial goals?

Description : Which best explains how budgeting helps consumers reach their financial goals?

Last Answer : Budgets allow consumers to control how much money they have going out for expenses.

A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order should the following budgets be prepared? (1) Sales budget (2) Cash budget (3) Production budget (4) Purchase budget (5) Finished goods inventory budget (a) (2), (3), (4), (5), (1) (b) (1), (5), (3), (4), (2) (c) (1), (4), (5), (3), (2) (d) (4), (5), (3), (1), (2)

Description :  A ltd is a manufacturing company that has no production resource limitations for the foreseeable  future. The Managing Director has asked the company mangers to coordinate the preparation of their  budgets for the next financial year. In what order ... 5), (3), (2) (d) (4), (5), (3), (1), (2)

Last Answer : (b) (1), (5), (3), (4), (2)

Most creative way to set & organize goals and keep them relevant?

Description : Most creative way to set & organize goals and keep them relevant?

Last Answer : Focus on one goal at a time. Or set small goals that encourage the success of one larger, overall goal. Goals keep me focused.

Internal costs include a) Developers salaries b) Managers and support personnel salaries c) The cost of overheads such as utilities, rent and senior managers d) Materials (such as manuals) and services such as travel e) All of the above.

Description : Internal costs include a) Developers salaries b) Managers and support personnel salaries c) The cost of overheads such as utilities, rent and senior  managers d) Materials (such as manuals) and services such as travel e) All of the above.

Last Answer : a) Developers salaries

Strategy making process involves ------------- : A. Senior Managers and Board Members B. Managers at all levels C. Senior and Middle Managers D. Middle and Junior Management

Description : Strategy making process involves ------------- : A. Senior Managers and Board Members B. Managers at all levels C. Senior and Middle Managers D. Middle and Junior Management

Last Answer : Managers at all levels

Which of the following is/are the sources for project requests? A) Request from Department managers B) Request from senior executives C) Request from system Analyst D) All of the above

Description : Which of the following is/are the sources for project requests? A) Request from Department managers B) Request from senior executives C) Request from system Analyst D) All of the above

Last Answer : D) All of the above

Which one of the following is not correct in respect of the Theory X? (A) It emphasizes that most average human beings avoid to be led, want to lead (B) According to the theory X, the Managers tend to be autocratic (C) The theory X assumes that most human beings must be directly controlled in order to achieve organizational goals (D) The theory X assumes that most individuals have little ambition and want security

Description : Which one of the following is not correct in respect of the Theory X? (A) It emphasizes that most average human beings avoid to be led, want to lead (B) According to the theory X ... achieve organizational goals (D) The theory X assumes that most individuals have little ambition and want security

Last Answer : Answer: It emphasizes that most average human beings avoid to be led, want to lead

Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives 2. Insufficient action on the part of the project manager3. Competition for facilities, equipment, material, manpower and other resources 4. Personality conflicts between managers and/ or other personnel 5. Resistance to change 6. All of the above

Description : Which of the following can cause a communication barrier? 1. Differing perceptions as to project goals and objectives  2. Insufficient action on the part of the project manager 3. Competition for ... between managers and/ or other personnel  5. Resistance to change  6. All of the above

Last Answer : 6. All of the above

Which of the following statements concerning motivating marketing personnel is FALSE? A)Management must discover employees' needs and then develop motivational methods. B)Motivational methods should be fair, ethical, and well -understood by employees. C)Selecting effective motivational tools becomes easier as the work force becomes less diverse. D)Rewards to employees must be tied to organisational goals. E)Managers must use different tools to motivate different individuals.

Description : Which of the following statements concerning motivating marketing personnel is FALSE? A)Management must discover employees' needs and then develop motivational methods. B)Motivational methods should ... to organisational goals. E)Managers must use different tools to motivate different individuals.

Last Answer : C)Selecting effective motivational tools becomes easier as the work force becomes less diverse.

Is a financial planner a good person to hire to help me organize my finances?

Description : Is a financial planner a good person to hire to help me organize my finances?

Last Answer : Whether a financial planner can help you organize your finances depends upon the problems you are facing. They can work to determine if you are using your money well, make a budget and plan for the ... /www.cfp.net/) can help you find a financial planner to help you handle your money problems.

How can I be successful in the future and reach my goals?

Description : How can I be successful in the future and reach my goals?

Last Answer : You have taken the first step in achieving your goals by making these goals. Now you need to take each one and break them down by identifying each and every element that needs to happen and take place ... so. You also have to be realistic, flexible and able to rebound from set backs. Good luck!

GAP analysis: (a) Is a planning approach for determining where an organization as today. (b) Is a planning approach for determining how an organization will reach its goals. (c) Provides a diagram showing a company's present momentum and its potential. (d) All of the above.

Description : GAP analysis: (a) Is a planning approach for determining where an organization as today. (b) Is a planning approach for determining how an organization will reach its goals. (c) Provides a diagram showing a company's present momentum and its potential. (d) All of the above.

Last Answer : (d) All of the above. 

For small business owners, freelancers, and finance managers in small enterprises, what financial data is important to have easy access to?

Description : For small business owners, freelancers, and finance managers in small enterprises, what financial data is important to have easy access to?

Last Answer : answer:Target market characteristics and then on the other site of the POS statistics of actual patron/client characteristics. Additionally, often the information you mentioned above doesn't truly capture volume ... that was product A and how many were product B. Does this answer your question?

Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, costs, and profits? (a) Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis

Description : Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, ... Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis

Last Answer : (b) Breakeven analysis ;

Accounting furnishes data on A) Income and cost for the managers B) Financial conditions of the institutions C) Company’s tax liability for a particular year D) All the above

Description : Accounting furnishes data on A) Income and cost for the managers B) Financial conditions of the institutions C) Company’s tax liability for a particular year D) All the above

Last Answer : Answer: D

Does Dell sell touch screen computers that are affordable for all budgets?

Description : Does Dell sell touch screen computers that are affordable for all budgets?

Last Answer : Other brands comparable to Dell include HP, or for a bit more money Sony. The best way to buy is to go to the store try out a few different models see what you like best and then shop online for the best deal.

Who is the only Indian Railway Minister to present six consecutive Railway budgets? A. Mallikarjun Kharge B. Janeshwar Mishra C. Lalu Prasad Yadav D. Ram Vilas Paswan

Description : Who is the only Indian Railway Minister to present six consecutive Railway budgets? A. Mallikarjun Kharge B. Janeshwar Mishra C. Lalu Prasad Yadav D. Ram Vilas Paswan

Last Answer : C [Lalu Prasad Yadav] Explanation: Lalu Prasad Yadav worked on the railways minister portfolio from May 23, 2004 to May 25, 2009. He is the only railway minister to present six consecutive railway budgets.

In public budgets, zero-base budgeting was first introduced in - (1) USA (2) UK (3) France (4) Sweden

Description : In public budgets, zero-base budgeting was first introduced in - (1) USA (2) UK (3) France (4) Sweden

Last Answer : (1) USA Explanation: Zero-based budgeting is an approach to planning and decision-making which reverses the working process of traditional budgeting. This technique of budgeting was developed by Peter ... with Phyrr to implement a ZBB system for the State of Georgia executive budget process.

What are the different types of budgets?

Description : What are the different types of budgets?

Last Answer : 1. Master Budget 2. Functional budget 3. Flexible budget 4. Zero based budgeting.

Which of the following items should not be includedb) Detailed schedules, budgets and resource allocations c) The life cycle model to be used d) The organisational structure of the development organisation, project responsibilities, managerial objectives and priorities e) None of the above. in the project management plan? a) The techniques and case tools to be used

Description : Which of the following items should not be included in the  project management plan? a) The techniques and case tools to be used b) Detailed schedules, budgets and resource ... development  organisation, project responsibilities, managerial  objectives and priorities e) None of the above.

Last Answer : c) The life cycle model to be used

Each of the following statements is true regarding the risk management plan except for which one? A. The risk management plan is an output of the Risk Management Planning process. B. The risk management plan includes a description of the responses to risks and triggers. C. The risk management plan includes thresholds, scoring and interpretation methods, responsible parties, and budgets. D. The risk management plan is an input to all the remaining risk-planning processes.

Description : Each of the following statements is true regarding the risk management plan except  for which one?  A. The risk management plan is an output of the Risk Management Planning process. B. The risk ... and budgets. D. The risk management plan is an input to all the remaining risk-planning processes.

Last Answer : B. The risk management plan includes a description of the responses to risks and  triggers.

A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc 2. Is a mechanism which reacts to the current project status in order to endure accomplishment of project objectives 3. Is only needed on large mega projects 4. Is a system for controlling and executing project documentation in an uniform and timely manner

Description : A Project control system: 1. Monitors and controls the project's schedule, costs, scope, budgets etc  2. Is a mechanism which reacts to the current project status in order to endure ... 4. Is a system for controlling and executing project documentation in an uniform and timely  manner

Last Answer : 1. Monitors and controls the project's schedule, costs, scope, budgets etc

Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities, uncertainties, and inflation that could occur during the project 2. The process of assembling and predicting costs of a project over its life cycle 3. The process of establishing budgets, standards, and a monitoring system by which the investment cost of the project can be measured and managed 4. The process of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Description : Cost budgeting can be best described by which of the following? 1. The process of developing the future trends along with the assessment of probabilities,  uncertainties, and inflation that  could ... of gathering, accumulating, analyzing, reporting, and managing the costs on an on- going basis

Last Answer : 3. The process of establishing budgets, standards, and a monitoring system by which the  investment cost of the project can be measured and managed

Which one of these statements is correct? A. There is a slow decline in digital budgets with an average reduction of 10% in digital marketing budget. B. 98% of marketers affirm that offline and online marketing are merging C. Online marketing professionals are paid 50% less than marketing professionals. D. Around 25% of the global population is now on the Internet.

Description : Which one of these statements is correct? A. There is a slow decline in digital budgets with an average reduction of 10% in digital marketing budget. B. 98% of marketers affirm that offline ... 50% less than marketing professionals. D. Around 25% of the global population is now on the Internet.

Last Answer : B. 98% of marketers affirm that offline and online marketing are merging

Which one of these statements is correct? A. There is a slow decline in digital budgets with an average reduction of 10% in digital marketing budget. B. 98% of marketers affirm that offline and online marketing are merging C. Online marketing professionals are paid 50% less than marketing professionals. D. Around 25% of the global population is now on the Internet

Description : Which one of these statements is correct? A. There is a slow decline in digital budgets with an average reduction of 10% in digital marketing budget. B. 98% of marketers affirm that offline ... 50% less than marketing professionals. D. Around 25% of the global population is now on the Internet

Last Answer : B. 98% of marketers affirm that offline and online marketing are merging

As a general rule, stock issues are used to: a. Protect you from getting a loan from Big Al. b. Fund the purchase of more market share. c. Fund long term investments in capacity and automation. d. Fund yearly sales and promotional budgets. e. All of the above.

Description : As a general rule, stock issues are used to: a. Protect you from getting a loan from Big Al. b. Fund the purchase of more market share. c. Fund long term investments in capacity and automation. d. Fund yearly sales and promotional budgets. e. All of the above.

Last Answer : c. Fund long term investments in capacity and automation.

Diminishing returns for a single year on TQM budgets become noticeable at a. $3.0M. b. $1.5M. c. $2.0M. d. $5.0M. e. $1.0M.

Description : Diminishing returns for a single year on TQM budgets become noticeable at a. $3.0M. b. $1.5M. c. $2.0M. d. $5.0M. e. $1.0M.

Last Answer : c. $2.0M.

Investing in Quality Function Deployment Effort can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce R&D cycle time and increase demand. d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets. e. increase demand.

Description : Investing in Quality Function Deployment Effort can a. reduce labor and administrative costs. b. increase demand and reduce labor costs. c. reduce R&D cycle time and increase demand. d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets. e. increase demand.

Last Answer : d. reduce R&D cycle time and enhance the effectiveness of the promo and sales Budgets.

The marketing spreadsheet is used to set which of the following: a. prices. b. promotion budgets. c. sales budgets. d. all of the above. e. none of the above.

Description : The marketing spreadsheet is used to set which of the following: a. prices. b. promotion budgets. c. sales budgets. d. all of the above. e. none of the above.

Last Answer : d. all of the above.

An increase in promotional budgets have: a. increasing returns over time. b. level returns over time. c. decreasing returns over time. d. decreasing then increasing returns over time. e. increasing then decreasing returns over time.

Description : An increase in promotional budgets have: a. increasing returns over time. b. level returns over time. c. decreasing returns over time. d. decreasing then increasing returns over time. e. increasing then decreasing returns over time.

Last Answer : c. decreasing returns over time.

___________ is a summary of all functional budgets in a capsule form. (a) Functional Budget (b) Master Budget (c) Long Period Budget (d) Flexible Budget

Description : ___________ is a summary of all functional budgets in a capsule form. (a) Functional Budget (b) Master Budget (c) Long Period Budget (d) Flexible Budget

Last Answer : (b) Master Budget

AT Co makes a single product and is preparing its material usage budget for next year. Each unit of product requires 2kg of material, and 5,000 units of product are to be produced next year. Opening inventory of material is budgeted to be 800 kg and AT co budgets to increase material inventory at the end of next year by 20% The material usage budget for next year is (a) 8,000 Kg((b) 9,840 kg ((c) 10,000 Kg (d) 10,160 Kg no

Description : AT Co makes a single product and is preparing its material usage budget for next year. Each unit of  product requires 2kg of material, and 5,000 units of product are to be produced next year. Opening inventory of material is budgeted ... (a) 8,000 Kg((b) 9,840 kg ((c) 10,000 Kg (d) 10,160 Kg

Last Answer : ((c) 10,000 Kg

______also known as subsidiary budgets. A. Master budget B. Functional budget C. Cost budget D. None of the above

Description : ______also known as subsidiary budgets. A. Master budget B. Functional budget C. Cost budget D. None of the above

Last Answer : B. Functional budget

________ is the first step of budgetary system and all other budgets depends on it. A. Cost budget B. Sales budget C. Production budget D. None of the above

Description : ________ is the first step of budgetary system and all other budgets depends on it. A. Cost budget B. Sales budget C. Production budget D. None of the above

Last Answer : B. Sales budget

Plant utilization budget and Manufacturing overhead budgets are types of A. Production budget B. Sales budget C. Cost budget D. None of the above

Description : Plant utilization budget and Manufacturing overhead budgets are types of A. Production budget B. Sales budget C. Cost budget D. None of the above

Last Answer : C. Cost budget

It is not the feature of Budget: a. Budget creates illusion b. Budget is an element of planning c. Budget relates to planning and control d. Budgets are object oriented

Description : It is not the feature of Budget: a. Budget creates illusion b. Budget is an element of planning c. Budget relates to planning and control d. Budgets are object oriented

Last Answer : a. Budget creates illusion

Fical policy refers to the policy of government regarding taxtation public expenditure and ____. A. public debt. B. budgets. C. policies. D. deposits.

Description : Fical policy refers to the policy of government regarding taxtation public expenditure and ____. A. public debt. B. budgets. C. policies. D. deposits.

Last Answer : B. budgets.

In public budgets, zero-base budgeting was first introduced in (1) USA (2) UK (3) France (4) Sweden

Description : In public budgets, zero-base budgeting was first introduced in (1) USA (2) UK (3) France (4) Sweden

Last Answer : USA

What help can financial help can senior citizens recieve?

Description : What help can financial help can senior citizens recieve?

Last Answer : Handicap stickers, Disability, and Social Security are available if the senior citizen is able to qualify. Health and income will be factors in determination.

What qualifications do you need to be a senior financial analyst?

Description : What qualifications do you need to be a senior financial analyst?

Last Answer : Have the ability to track and record comprehensive financial forecasting, budgeting, and analysis. Has keen understanding of financial planning, accounting, analytics, and investments. Skilled communicator, ... working relationships with coworkers and clients. Adapt at using MS Excel and Access.

A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A financial product which provides senior citizens with funds against their home equity is referred as _______ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : B. Reverse Mortgage Explanation: A reverse mortgage or home equity conversion mortgage (HECM) is a special type of home loan for older home owners (62 years or older) that requires no monthly mortgage payments. Borrowers are still responsible for property taxes and home owner‘s insurance.

In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of the audit senior holds a material financial interest in the client of which the senior is unaware. c. The spouse of a staff member on the audit has an immaterial common stock investment in the audit client. d. The partner in charge of the office's compensation is affected by office profitability, a portion of which arises from this audit

Description : In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of ... of the office's compensation is affected by office profitability, a portion of which arises from this audit

Last Answer : The spouse of a staff member on the audit has an immaterial common stock investment in the audit client

Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. Long association of a senior member of the assurance team with the assurance client. c. Threat of replacement over a disagreement with the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Description : Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. ... the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Last Answer : Owning immaterial indirect financial interest in an audit client.

In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of the audit senior holds a material financial interest in the client of which the senior is unaware. c. The spouse of a staff member on the audit has an immaterial common stock investment in the audit client. d. The partner in charge of the office's compensation is affected by office profitability, a portion of which arises from this audit.

Description : In which circumstance is a CPA firm's independence most likely to be impaired? a. An individual on the audit has a close relative who is a receptionist for the client. b. The father of ... of the office's compensation is affected by office profitability, a portion of which arises from this audit.

Last Answer : The spouse of a staff member on the audit has an immaterial common stock investment in the audit client.

Which of the following is correct concerning requirements about auditor's communications about fraud? a. Fraud that involves senior management should be reported directly to the audit committee regardless of the amounts involved. b. All fraud with a material effect on the financial statements should be reported directly by the auditor to the SEC c. Fraud with a material effect on the financial statements should ordinarily be disclosed by the auditor through the use of an emphasis of a matter paragraph added to the audit report. d. The auditor has no responsibility to disclose fraud outside the entity under any circumstances

Description : Which of the following is correct concerning requirements about auditor's communications about fraud? a. Fraud that involves senior management should be reported directly to the audit committee ... . The auditor has no responsibility to disclose fraud outside the entity under any circumstances

Last Answer : Fraud that involves senior management should be reported directly to the audit committee regardless of the amounts involved

Which of the following should the auditors normally interview as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties financial reporting responsibilities d. All of the given choices

Description : Which of the following should the auditors normally interview as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties financial reporting responsibilities d. All of the given choices

Last Answer : All of the given choices

Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. Long association of a senior member of the assurance team with the assurance client. c. Threat of replacement over a disagreement with the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Description : Which of the following is not likely a threat to independence? a. Acting as an advocate on behalf of an assurance client in litigation or in resolving disputes with third parties. b. ... the application of an accounting principle. d. Owning immaterial indirect financial interest in an audit client.

Last Answer : Owning immaterial indirect financial interest in an audit client.

Auditors would normally interview all but which of the following individuals as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties do not include normal financial reporting responsibilities d. All of the above

Description : Auditors would normally interview all but which of the following individuals as part of their assessment of fraud risk? a. Senior management b. Audit committee c. Various employees whose duties do not include normal financial reporting responsibilities d. All of the above

Last Answer : All of the above