Financial Management Multiple Choice Questions and Answers (MCQs): Quizzes & Practice Tests with Answer Key (Financial Management Quick Study Guide & Course Review) covers subject tests for competitive exams to practice 750 MCQs. Financial Service B.Com. Pooja Adhikari. • Revision of syllabus • Testing of knowledge • Question practice • Exam technique practice . FP&A interview questions and answers. Download PDF Package. lOMoARcPSD|6580440 Exam 2018, questions and answers Financial … So there is a high demand for the profile in the companies selling financial products. View CHAPTER 17FINANCIAL PLANNING AND FORECASTING.pdf from ACCT 1001 at University of New South Wales. Add New Question. 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It is because of the phobia for the calculations involved in this subject that students prefer Art classes where there are lesser calculation subjects and also most courses in the university for students in art classes do not require mathematics as a compulsory requirements and the few who manage to go for it prefer searching for any Financial Accounting exam past question and answer booklet and cramming the questions and answers instead of studying the required text books to understand the subject better. 2. sANS: A, 12) A sales Day Book is used for recording___ (a) credit sales (b) sales returns (c) hire purchase (d) cash sales ANS: A, 13) A trial balance is usually prepared by an accountant from account balances in the ledger for the purpose of (a) classifying in the ledger (b) testing arithmetical accuracies of the ledger account balance (c) identifying the balance sheet items (d) providing a basis for establishing the accountant’s competence. 1. Home - Financial Accounting Exam Past Questions And Answers – PDF Documents. %PDF-1.6 %���� Download Full PDF Package. Here are some potential ways … When answering these questions, there is always the temptation to look at the answers before answering the questions, This is a wrong strategy because your mind would be limited to calculate and force your answer towards the exact answer of the question hence making you limit your scope of thinking. (a) sales (b) purchase (c) discount received (d) interest received ANS: B, 26) Which of the following is the basic accounting equation? (�8�c�6�Q���sN�����{\��vY�����%$�(��H�ѣ Explain ‘financial modelling’. Which of the following journal entries can be used to correct the error? That said, each financial planning question and its answer will help you develop a solid plan for your future. Corporate and individual financial portfolios and needs can differ greatly, and it is important for a potential employer to understand your specific expertise. This list includes the most common interview questions used to hire for Financial Planning and Analysis (FP&A) jobs such as analyst and manager positions. PDF. F stands for Flexibility: Every financial model should be flexible in its scope and adaptable in every situation (as contingency is a natural part of any business or industry). tions are also supplemented by the corresponding suggested answers and explanations, which, if necessary, should be read in conjunction with the relevant textbooks and reference materials published and/or recommended by the IFPHK. >c��--�~����v�/[� D�٧'�n�΍T�I�;�Wb�o_�E��L���XL-�ѿ ����M���z���� � ��c��O��9��9���-�{u]�O \Ͱ�Vt(�H���W����sd�!bB?T��Lۂ���5}D�f���:�o ��e��fz���#�BI�M�&�����n��zp]E�r�0��z�U+�?�1Ԝ���e�H�,�1���H�P[J�/[ (a) realization (b) entity (c) going concern (d) duality ANS: D, 6) The art of collecting, recording, presenting and interpreting accounting data is ___. Although when I think about what’s important in my business, it is not so much answering those questions (because lots of times people don’t understand, remember, or get around to it), it’s really about getting to the heart of the important issues and knowing the right questions to ask. If you're looking for Financial Planning Interview Questions and Answers and whether you’re experienced or fresher & don’t know what kind of questions will be asked in job interview, then go through the below Real-Time Financial Planning Interview Questions and Answers PDF to crack your job interview. Part IV: Case Studies Problems and Solutions A case study attempts to test the cognitive skills of the student in integrating various concepts covered in the subject with focus on quantitative aspects. The Financial Accounting past questions and answers in PDF file in this post should not be made as your means of study rather a tool to test your preparedness for writing any Financial Accounting examination in any university or polytechnic. Answer 33 questions in 15 minutes. Financial planning is the career path chosen by enthusiastic financial professionals who want to start their career as a financial professional. It can also be beneficial to highlight your ability to work with different clients. Why financial planning is important in everyone’s life? Here is a sampling of the most common key questions you're most likely to encounter, along with advice on how to respond. Financial planning is an ongoing process in which it’s essential to monitor the progress of your investments within the context of your goals and periodically review all relevant information. �*Y�5_�O�x �]�x�غzb�sva�l�{��涩+��}D#�$"�&6��)� �6�E�;Ȫ[5���/x� ۡG�]��E�w��sVr�hݳ��)��!�Il��a�뇨�nE��8�b� �L�E��}�P�j��K���OK��Lb"j���� ����H\H�` ��4���U���P��>Y=K!O!X�� �OHG��`"H���/��}6?w׈�j������jN�ˠ�&��p�T��F�h(���>cu���73o/ˡ; �F�+�Q����Yn!��c�>�Kw���:�' � �+��o Qx)u����'>s܄?��w�峧��_Dه~��|V��9�ی������(�U�9�#-�DZќٕsQoT�����\U1'���]D975�3i�rq�5����dS�/4M�z ���%��Sgk7��A.\���9~ This download link will take you to the full document containing close to 100 Financial Accounting past questions and answers. You can just answer that it depends on the financial analyst responsibilities and job roles. Future candidates should expect a greater emphasis … By taking the time to prepare your answers ahead of the interview, you can present yourself to a hiring manager in a professional and qualified manner. endstream endobj 368 0 obj <>stream Job search and interviewing experts offer their suggestions on answers that are most likely to make a favorable impression on an interviewer. ���{9�=*�!�g�5Yה��v� %A?�B�w�B�0w���Pur�'��l��-�W� }�4���CW�R^�����̯��BP��U�� �\�!���%mC��7�/���T���� �a�{�esm���gB�����M2�����L]嫗'2��g�56M�p�6���(��ţ��l�^�VlS)lF{�¦����6�����,�`���A�G��� ����r��f�����=R��G��� �F��f�HqZ��5/Z5�(�I�F�h� �A1 Since the Financial accounting questions all have answers attached to them there would most likely be no need for questions, however, we still entertain questions and your inputs on the subject matter via our comment section below or our contact us page so we can keep udating this contents and adding new questions and answers as they come. What are you most proud of in the last 12 months, and why? What are the advantages and disadvantages of financial planning? For anyone with an interview for an analyst position in the credit department of a bank, this is a guide to ace it! (a) cost accounting (b) management accounting (c) financial accounting (d) data processing ANS: C, 7) The assumption that a business has perpetual existence is recognized by___. Even you can take this financial planning quiz for kids as well. Here are the answers to some of the most frequently asked Financial Analyst interview questions for the position of a financial analyst: Download PDF. Let us check how much do you understand about what is financial planning? Answering tough job interview questions deftly and skillfully can be a fine art. h�b```f``ra`a``�df@ a�rL`����� |.�-a�� ����a�����v����K�v}a4oP\���a]�dS1�co�_���M��e�x�0�b�0`��0����� More and more young people in the workforce are taking a keen interest in planning their finances. This activity contains 10 questions. (a) entity concept (b) periodicity concept (c) going concern concept (c) realization concept ANS: C, 8) The most important reason for studying accounting is that (a) the information provided by accounting is useful in making decisions (b) accounting plays an important role in a society (c)the study of accounting leads to a challenging career (d) accounting provides gross profit information ANS: A, 9) Which of the following accounting conventions suggests that accountants should use a method of valuation that understates rather than overstates result (a) Conservatism (b) Historical (c) Monetary (d) Cost ANS: A, 10) Which of the following concepts is expected to hold when a proprietor makes a drawing of goods or cash from the business? Cost Accounting Multiple Choice Questions and Answers PDF, a revision guide with solved quiz questions and answers PDF on topics: Accounting concepts, activity based costing and management, balanced scorecard and strategic profitability analysis, balanced scorecard, quality, time and theory of constraints, basics of accounting, budgeting and accounting, capacity analysis and … Download Free PDF. regularly the Analyst magazine, business magazines and financial dailies. endstream endobj startxref \1�+�X1�c�`~�Pq�Gh����47�%3J9���ڰrS�M|/�2/`�����7���A�A�����N�S����- hGj� ���)�N�L�"3 9;w�l{�$_��dFC�?v Ͽ!L�Y� B��� (a) business entity (b) realization (c) going concern (d) dual-aspect ANS: A, 11) A payment of cash of N20 to John was entered on the receipt side of the cash book in error and credited to John’s account. Create a free account to download. Learners and students are able to view and download past examination papers, solutions and markers comments on the Financial Management examination from the links below. This paper. In this article, we review general financial analyst questions, questions regarding previous experiences and in-depth questions before providing sample answers to help you craft your own responses. First, let me congratulate you on asking this question in your early 20s. ANS: D, 24) Which of the following is not a real account? Scholars have always advised students that past questions and answers are best made use of after reading thoroughly, questions and answers are used as a metric to test your strengths and identify your weaknesses on a particular subject and work on them. ANS: A, 16) If salary account is debited instead of stationary account, the error committed is that of (a) commission (b) omission (c) principle (d) compensation ANS: A, 17) Ledger accounts is mainly classified into (a) nominal, real and personal account (b)fixed and current accounts(c) management, financial and public sector accounting (d) bank and cash accounts ANS: A, 18) One major advantage of a ledger is that it (a) is a book of original entry (b) is only accessible to shareholders during distribution (c) removes the need for preparing a balance sheet after each transaction (d) can be used by any type of business. (a) buildings account (b) motor vehicle account (c) patents account (d) furniture account ANS: C, 25) Which of the following is not a revenue account? The above is the summary of what is contained in the Financial Accounting past questions and answers in the PDF file below. There are as many answers to this question as there are applicants for the position you’re interviewing for, so the only wrong answer is a non-answer. Read answers to questions regarding financial-planning on Moneytips. They will also want to understand how you approach and interact with clients. Financial Planning Interview Questions and Answers. endstream endobj 365 0 obj <> endobj 366 0 obj <> endobj 367 0 obj <>stream PDF. Please note, do not limit your scope of reading to the questions and answers provided in this post rather expand your studies and search for more Financial Accounting examination past questions and answers and answer them. �^_�La�݇� .�0��3���0�1c Financial Accounting is one of the most interesting subjects for students in senior secondary schools that understands the principle. hޔWmo�6��_��TQ1")J0�g˶&m���>�2k�-G��f�h�rwG�V�f����r���ܝ�'��Hv�Ͼ+g'e��d��L&"Q,�?���H,ˋL�I�Y��%�n�$I2V��$-+g�M���w����(��G��sv�v���-;��///.�NK�}�Q�8���Se �Z��&��V��L����雷?�YdmbE��Eq* ANS: D, 19) Return inwards is also known as____ (a) purchases returns (b) sales returns (c) goods on sale of return (d) goods in transit ANS: B, 20) The account which refers to the tangible assets of a company that is of permanent  nature is the  (a) personal account (b) real account (c) nominal account  (d) cash account ANS: B, 21) The document that is used to acknowledge the acceptance of the return of goods by the seller from the buyer is known as (a) credit note (b) debit note (c) invoice (d) voucher ANS: A, 22) The effect of payment of a liability is that it (a) increases both assets and liabilities (b) increases assets and decrease liabilities (c) decreases assets and increases liabilities (d) decreases both assets and liabilities ANS: D, 23) The term posting in accounting refers to (a) recording entries in the journal (b) transferring the balances in the ledger to the trial balance (c) tracing amounts from the journal to the ledger to find errors (d) transferring entries to the ledger from the journal. Generate funds for government spending Purpose of Taxes Stages of Career Planning Process Types of financial services Cash Flow Statement 6. h��WYo�H�+��h�����(�d�I��ht�W#۳J��~���29f�*�Ugw}Ս�b&�n&�D�bZ�d9��Z&�Y��6�Ո)��贙�Ц�1S6�L,�rq��d*ֆ}��{�~�att�Ϝ��5N��|�.��^�N{���`�h0^��|Ya=�k#i�Oz�����R���������.DX+;y�ΆUR���P��w̌F*NVF#b��Q��Cx��U�O��S|�*�_$sߝ�o����)i�/�ĶE6���#�a� f����qR�f�N����%Y��0ɇ��p8`����q�����^�)�~Y�XX�MV�>��WL "Financial Management MCQ" with answers includes fundamental concepts for theoretical and analytical assessment tests. 364 0 obj <> endobj Below are additional Download Links to all the free Secondary School (High School) Resources for Form 1, Form 2, Form 3 and Form 4. Take financial planning quiz questions and answers to test your knowledge on “Financial Planning Basics for Beginners module”. 14 Full PDFs related to this paper. 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