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business studies > Finance > Flashcards

Finance Flashcards

1
Q

What is the strategic role of finance?

A

c

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2
Q

List all short-term, external sources of finance

A

Overdraft, commercial bills, factoring,

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3
Q

List all long-term, external sources of finance

A

Mortgage, debentures, unsecured notes, leasing, euqity

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4
Q

List all types of shares a business can issue

A

New issue, rights issue, placements, share purchase plans

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5
Q

How do you rate Adam Gergich

A

10

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6
Q

What are the objectives of financial management?

A

Profitability, Growth, Efficiency, Liquidity & Solvency

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7
Q

What are the 3 financial statements involved in the monitoring & controlling aspect of finance processes?

A

Cash flow statemnts, income statement and balance sheet

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8
Q

What is in involved when planning & implementing in the processes of finance?

A

Financial needs, budgets, record systems, financial risks, financial controls

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9
Q

What are the advantages of debt & equity finance?

A

c

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10
Q

What are the disadvantages of debt & equity finance?

A

c

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11
Q

What are the 3 financial statements involved in the monitoring & controlling aspect of finance processes?

A

c

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12
Q

What does the liquidity ratio state about the business’s financial position?

A

c

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13
Q

What is involved in a comparative ratio analysis?

A

Comparing a business’s financial position over different time periods, against standards and with similar businesses.

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14
Q

What are the 3 profitability ratios?

A

Gross profit ratio (gross profit/sales) + net profit (net profit/sales) + return on equity (net profit/total equity)

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15
Q

How is a business’s Efficiency calculated?

A

Expense ratio (total expenses/sales) + accounts receivable ratio (sales/acc.receivables)

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16
Q

Is it beneficial to a business to have a high or low accounts receivable ratio? why?

A

c

17
Q

What is involved in a comparative ratio analysis?

A

Comparing a business’s financial position over different time periods, against standards and with similar businesses.

18
Q

What are 3 limitations to financial reports?

A

Normalised earnings, capitalising expenses and valuing assets.

19
Q

What are some ethical issues related to financial reportS?

A

c

20
Q

List 7 financial institutions

A

banks, investment banks, financial companies, superannuation funds, life insurance companies, unit trusts and the ASX

21
Q

What ways can the government influence business

A

Australian Securities and Investment Commission, company taxation

22
Q

List 3 global financial influences on business

A

economic outlook, availability of funds, interest rates

23
Q

How hot is ADAM GERKICH?

A

2

business studies (4 decks)

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