Intro to Financial Management & Cost Concepts and Tools Flashcards Preview

BEC Corporate Governance, Economics, and Financial Management > Intro to Financial Management & Cost Concepts and Tools > Flashcards

Flashcards in Intro to Financial Management & Cost Concepts and Tools Deck (7)
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1
Q

Provide examples of short-term financial management activities or concerns.

A
  1. Cash management (Current Assets)
  2. Inventories Management (Current Asset)
  3. Accounts Payable (Current Liability)
2
Q

Provide example(s) of long-term financial management activity.

A
  1. Dividend management policy

2. Capital budgeting

3
Q

What are some “tools” that are going to be used in financial management?

A
  1. Time Value of Money

2. Interest Rate Concepts

4
Q

Are both short-term and long-term decision and matters important in financial management?

A

Yes. Both.

5
Q

Financial management is concerned with the efficiency and effectiveness of?

A
  1. Acquisition of financial resources

2. Use of financial resources

6
Q

Provide three examples of functions of financial management.

A
  1. Financing
  2. Risk Management
  3. Capital Budgeting
7
Q

Internal control is a function of who?

A

Controller’s office