Those seeking to give retail investment advice, in particular those who already hold CII credits that count towards completion otherwise, the Diploma in Regulated Financial Planning is more suitable Paraplanners, technical consultants, and those in financial planning support roles Entry requirements One of the following CII qualifications, or equivalent, must be held to complete the Diploma: Certificate in Financial Services General route Certificate in Financial Services Life and pensions route Certificate in Regulated Financial Services Operations Withdrawn Certificate in Financial Planning Recognition of prior learning Before studying, check to see whether any of your previous academic qualifications or credits from other professional bodies and institutes can be carried towards completion of the Diploma. A total of credits must be achieved to be awarded the Diploma.
Revenues are not included in the basic accounting equation. The balance sheet uses the expanded accounting equation to list assets, liabilities, and equity in a report format.
The income statement summarizes revenues and expenses for a period. The cash flows statement summarizes cash activites for a period. The accrual basis of accounting only records income when it is earned. The cash basis of accounting records income when collected. Contracts and availability are not used as revenue recognition principles for accrual accounting.
A T-account is a way to format accounting transactions that displays debits on the left and credits on the right. The general journal is a record of business transactions— not an account format.
The general ledger is a list of accounts for business transactions— not an account format. The ledger account is a record of business transactions for a specific account— not an account format. Asset accounts have debit balances.
Liability and equity accounts have credit balances. No account has a contra balance. Accounts either have debit or credit balances. Liabilities include resources owned to creditors such as accounts payable, accrued expenses, and notes payable. Cash is an asset. Equity is increased by credits from revenues, owner investments, and retained earnings.
Accounts with debit balances such as expenses, withdrawals, and treasury stock decrease equity. Only credit equity accounts increase equity. All normal assets accounts have a debit balance. Contra asset accounts have a credit balance such as accumulated depreciation.
Which financial statement displays the revenues and expenses of a company for a period of time?1 Chapter 1 An Introduction to Financial Management Multiple Choice Questions Instructions: For each question there are several answers.
Clearly mark the best answer. 1. Which of the following statements best represents what finance is about? A.
How political, social, and economic forces affect corporations B. Maximizing profits C. . Financial Management MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, Banking and other accounts department exam.
Page-3 section-5 Financial Management MCQ Questions and answers with easy and logical explanations. The Diploma in Financial Planning is a tried-and-tested qualification. Over 35, individuals have passed it or are working towards completion.
It is what the FSA has termed a ‘transitional qualification’ in that holders will satisfy the RDR qualification requirements, with any short-fall between the coverage of this qualification and the new exam standards to be met through. Examination Paper: Finance Management IIBM Institute of Business Management Examination Paper International Financial Management Section A: Objective Type (30 marks) This section consists of Multiple choice & Short Answer type questions.
Answer all the questions. Part One questions carry 1 mark each & Part Two questions carry 5 . MCQ. Chapter 1: The financial environment Chapter 2: Corporate objectives Chapter 3: Corporate governance Chapter Financial risk management Chapter The business life cycle and financial strategy Chapter Financial strategies from start-up to growth Chapter Financial strategies from growth to maturity to decline.