PRETEST MODULE-8B

Financial planning is the process of developing strategies to help people manage their financial affairs to meet life goals.

• Hien & Mariani (2019)

• Eugene F. Brigham & Michael C. E. Houston (2021)

• Financial Planning Standard Board (FPSB) (2020)

• Financial Planning Standard Board (FPSB) (2021)

Financial planning involves several important parts for developing an effective financial strategy. Which of the following statements is not included in the important part?

• Estimating the amount of capital to be raised

• Determining the form and proportionate amount of securities

• Formulating policies to manage the financial plan

• Identifying and managing financial risk

How many classifications of financial requirements?

• 2

• 3

• 4

• 5

Sources of Finance may be classified under various categories based on the period. The source of funding is classified into the category of...

• Based on the Period

• Based on Ownership

• Based on Sources of Generation

• Based in Mode of Finance

One source of financing is categorized based on mode of finance. What is included in security financing?

• Shares capital and debenture

• Shares capital and public deposits

• Public deposits and loans from bank

• Debenture and loans from bank

The Income Statement is an important financial report for evaluating the performance of a company. This report consists of three main components, except…

• Sales

• Costs that will generate profits for the company

• Shareholders' Equity

• Product costs

What is the term used to describe the profit with the conditions before minus the burdens (cost) of company operations?

• Production cost

• Operational Profit

• Gross Income

• Gross Profit

Wages paid to an operator machine in a factory is example of…

• Direct Raw Material Cost

• Direct Labor Cost

• Factory Overhead Costs

• Operational Cost

… is the sum of all production costs consisting of raw material costs, labor costs and factory overhead costs, while the method of determining production costs is a way of calculating cost elements into production costs.

• Cost of Goods Manufactured

• Direct Raw Material Cost

• Cost of Goods Sold

• Cost of Goods Available for Sale

The formula "Beginning Inventory + Cost of Goods Available for Sale - Ending Inventory" is used to calculate the value?

• Cost of Goods Manufactured

• Direct Raw Material Cost

• Cost of Goods Sold

• Cost of Goods Available for Sale