financial planning questions and answers pdf

h�b```f``ra`a``�df@ a�rL`����� |.�-a�� ����a�����v����K�v}a4oP\���a]�dS1�co�_���M��e�x�0�b�0`��0����� Answering tough job interview questions deftly and skillfully can be a fine art. Chapter 9: Financial planning: Chapter 9: Financial planning . PDF. 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. This download link will take you to the full document containing close to 100 Financial Accounting past questions and answers. This download link will take you to the full document containing close to 100 Financial Accounting past questions and answers. ~��� Download PDF Package. PDF. �z���C `������I�(?��Ɋ7B�wSo��‹e�!�E��q4�c�g�i�1�b2y5���f v���z�}�Z�� ��>��Z�`�8����8��8�f�N�|���T�r��]����J�q{'�g%Tɷ��X0�؂bfp�w� �B��>��E�R:�EG���Pf�AS)�r�4�HQ1D�Ó� ��(�0��$��Nࡅ6e����g�p���35��7����YC��~��J���O� �� %%EOF Even you can take this financial planning quiz for kids as well. Financial planning starts with the preparation of:(a) Master Budget,(b) Cash Budget,(c) Balance Sheet, (d)None of the above. Add New Question. Generate funds for government spending Purpose of Taxes Stages of Career Planning Process Types of financial services Cash Flow Statement 6. ANS: B, 14) Bola, UTC’s regular customer, owned N1000 on account of a radio bought. 24 Answers to Lecture Examples..... 24.1 25 Question and Answer bank ..... 25.1 26 Pilot Paper questions..... 26.1 Don’t forget to plan your revision phase! �)&r�!unv�䢰8=h�q3 �J�%΢�Ox���V���x�#?k�Q�ß�TH�5w���qLm�X��,� ���s_�TX;=�HS���h�����?��Պ|1��{p���!m&�#�I:�WA\����!Y�]ëƝL�>�d�,���y܇K#�I Hence, students should attempt them only after they are thorough with the entire subject. h��{xUU����{ �@�n�P�Hn*% %%�ADЀ��@i�2�J��71Ag�. (�8�c�6�Q���sN�����{\��vY�����%$�(��H�ѣ h�bbd```b``� (b) Cash: N40. 2. They will also want to understand how you approach and interact with clients. or. 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. Advantages of Financial Planning 5. You can just answer that it depends on the financial analyst responsibilities and job roles. >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�/[ It is one of the most feared subjects after Mathematics. Below are the list of Financial Accounting questions and answers and the PDF download link. This question is intended to get a better idea of who you are as a person, and find out what you’re passionate about. 0 364 0 obj <> endobj 3. (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___. It can also be beneficial to highlight your ability to work with different clients. 1. We will give a summary of what you are to expect from the Financial Accounting past questions and answer PDF document which we have provided below before we provide you with the Download link for the subject. (c) John: N20 Dr, Cash: N20 Cr. First, let me congratulate you on asking this question in your early 20s. There are a variety of different financial services and approaches. The resources include teaching/learning class notes, Topical (topic by topic) Questions and Answers, Termly Examination Papers and Marking Schemes, Lesson Plans, Powerpoint Notes and Slides, Schemes of Work, KCSE KNEC Past Papers, Confidentials and Marking … Here are some potential ways … Financial Accounting is one of the most interesting subjects for students in senior secondary schools that understands the principle. 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). The sample questions do NOT constitute past examination pa-pers, NOR represent the number of questions or topic coverage in actual examinations. Create a free account to download. Let us check how much do you understand about what is financial planning? endstream endobj 369 0 obj <>stream (a) realization (b) entity (c) going concern (d) duality ANS: D, 6) The art of collecting, recording, presenting and interpreting accounting data is ___. Understanding the principle of Accounting makes understanding the subject much easier. Multiple choice questions on financial options and applications in corporate finance quiz answers PDF covers MCQ questions on financial planning, binomial approach, black Scholes option pricing model, and put call parity relationship. The above is the summary of what is contained in the Financial Accounting past questions and answers in the PDF file below. Here are the answers to some of the most frequently asked Financial Analyst interview questions for the position of a financial analyst: Download PDF. If he sent a cheque for N500, UTC would send him a (a) credit note (b) debit note (c) journal voucher (d) way bill ANS: A, 15) Books of original entry are used for (a) recording business transactions (b) the adjustment of accounts (c) reminding the book keeper to-post transactions in the ledger (d) informing the bookkeeper about the state of affairs. Financial Analysis Questions, Answers and Examiners’ Comments LEVEL 5 DIPLOMA IN CREDIT MANAGEMENT JUNE 2013 Instructions to candidates Answer all questions Time allowed: 3 hours This particular paper was slightly easier for students than previous papers as there was an increased availability of marks for the calculation of ratios. _M��׼X$Y���]2�_%Y:�,�g�+�����ux�J���m+�'m��I��e�nƧiQV���h�~�`@�|I�,�D|��"OF�\��ݳ�+� P��Y���6�EL"e��5a�"͈���52�Q�/��@���D��"��1`������{0x1��|�u?6f���k��58t�$�\b��M��h�Z��<4ڎ��ȡ�eҚZ������� �&E�HGo��=?k�ɯb��E�h�q�~ ��a�:γ٫x�^�3n�wz���lw�,�x3�Mdv�,B��?P�������Ð k��(�w2 �hn�%ߨ�ཱKm(k뵆�^l�������*���N�GF�n���e�0x1��[����|r��t�g�ul�N�w�����n�ڿ����Ts���("�����4��c }��]NO�b���?�&���!��� While there is no single method, they will want to see that you are comfortable with crafting effective systems. 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. 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. 2. Remember not to answer the question where you can frame your answer in a way where you can mention that it’s a tough question or ask the employer to tell you the range for the position. 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(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? Job search and interviewing experts offer their suggestions on answers that are most likely to make a favorable impression on an interviewer. READ PAPER. More and more young people in the workforce are taking a keen interest in planning their finances. Qx)u����'>s܄?��w�峧��_Dه~��|V��9�ی������(�U�9�#-�DZќٕsQoT�����\U1'���]D975�3i�rq�5����dS�/4M�z ���%��Sgk7��A.\���9~ "Financial Management MCQ" with answers includes fundamental concepts for theoretical and analytical assessment tests. 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. 4.Multiple choice questions. Develop and Present Financial Planning Recommendations and/or Options ; Implement the Financial Planning Recommendations ; Monitor the Financial Planning Recommendations ; Answer no. 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. 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. There is a popular saying “Face your fears head on” when you do so fear dissipates by 50% if you do not face your fears you will not come to terms with the popular saying that Fear is a mirage, it does not exist, its the cooked up mental scenario by the mind. G%���"M���[Ц�zWM�aۮ}h�g}�ގ��=UD�wCխ�߹��lh�ҭ�ރB�Z�l]mM��E5 �m�nVM�5�P2z�T�r�Dƛ�nݻՃ��{l���6��`�~x7�[��yw@?. Financial Planning deals with: (a) Preparation of Financial Statements, (b)Planning for a Capital Issue, (c) Preparing Budgets, (d)All of the above. 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* 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. The flexibility of a financial model depends on how easy it is to modify the model whenever and wherever it would be necessary. Free PDF. But at the same time both Corporate Finance and Investments are built upon a common set of financial principles, such as the present value, the future value, the cost of capital). Financial Accounting is one of the core subjects for Senior Secondary school students in commercial classes. Multiple choice questions on managers role in strategic HRM quiz answers PDF covers MCQ questions on managers role, strategic management process, building high performance work system, fundamentals of management planning, how managers set objectives, HRD scorecard developed, strategic fit, strategic human resource management tools, types of strategies, and … 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. 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. A short summary of this paper. This is a rare opportunity you should take advantage of, please share this post to friends who might be in need of this study material. Ans. 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. III Sem MULTIPLE CHOICE QUESTIONS AND ANSWERS . They seemed to reflect poor preparation and equally poor understanding of the practical nature of the assessment. !x��K-%%?͒y�{q|�?�[�Y���2nq��z�,���S�IvXϤ��ֹz�h�k����rpq2��0?� ANS: D, 24) Which of the following is not a real account? What are the advantages and disadvantages of financial planning? Financial planning & analysis (FP&A) interviews Credit Analyst Interview Questions Credit analyst interview questions and answers. What are you most proud of in the last 12 months, and why? This activity contains 10 questions. 11. Home - Financial Accounting Exam Past Questions And Answers – PDF Documents. "Financial Management Quiz" PDF … available form the financial markets, such as stock returns, thus, the mathematical statistics methods can be used. (a) Assets = capital + liabilities (b) capital = assets + liabilities (c) liabilities = assets + capital (d) assets = liabilities – equity ANS: A, 27) A system where a separate cash book is maintained for small payment is ____ (a) single entry (b) imprest (c) float (d) reimbursement ANS: B, 28) An analytical cash book is used to ___ (a) indicate sources of cash received (b) categorise petty cash payment (c) separate cash and bank balance (d) analyse amounts due from debtors ANS: B, 29) The sum of money given to a petty cashier out of which small payments are made is called (a) bonus (b) loan (c) advance (d) float ANS: D, 30) A rent of 250,000 was paid by John to his landlord by cheque. 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 Full PDF Package. We will give a summary of what you are to expect from the Financial Accounting past questions and answer PDF document which we have provided below before we provide you with the Download link for the subject. Questions include the following: technical skills (finance and accounting), social skills (communication, personality fit, etc). Here is a sampling of the most common key questions you're most likely to encounter, along with advice on how to respond. Financial Controller Frequently Asked Questions in various Financial Controller job interviews by interviewer. "�A$C�d}"�lAdW%��j�� �µ`���_$�9I�MJ@���F&F��`��@�g`h�` G�. The sample questions have been drafted to reflect current law and practice as of September 2013. �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 lOMoARcPSD|6580440 Exam 2018, questions and answers Financial … Corporate and individual financial portfolios and needs can differ greatly, and it is important for a potential employer to understand your specific expertise. Financial … Premium PDF Package. sponding suggested answers. Answer 33 questions in 15 minutes. Which of the following journal entries can be used to correct the error? �*Y�5_�O�x �]�x�غzb�sva�l�{��涩+��}D#�$"�&6��)� �6�E�;Ȫ[5���/x� ۡG�]��E�w��sVr�hݳ��)��!�Il��a�뇨�nE��8�b� • Revision of syllabus • Testing of knowledge • Question practice • Exam technique practice . Answering financial planning questions is something that I am passionate about and absolutely love to do. h��WYo�H�+��h�����(�d�I��ht�W#۳J��~���29f�*�Ugw}Ս�b&�n&�D�bZ�d9��Z&�Y��6�Ո)��贙�Ц�1S6�L,�rq��d*ֆ}��{�~�att�Ϝ��5N��|�.��^�N{���`�h0^��|Ya=�k#i�Oz�����R���������.DX+;y�ΆUR���P��w̌F*NVF#b��Q��Cx��U�O��S|�*�_$sߝ�o����)i�/�ĶE6���#�a� f����qR�f�N����%Y��0ɇ��p8`����q�����^�)�~Y�XX�MV�>��WL 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. 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. 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. Another easy question. The set of questions are here to ensures that you offer a perfect answer posed to you. It may become necessary to adjust the particular components of your plan in light of changing circumstances and evolving objectives. Even if you do not have a financial advisor at your disposal, you have the internet and many experts that give valuable information for free. Financial planning is the career path chosen by enthusiastic financial professionals who want to start their career as a financial professional. (a) sales (b) purchase (c) discount received (d) interest received ANS: B, 26) Which of the following is the basic accounting equation? 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. PDF. 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. Download with Google Download with Facebook. Financial Analysis Questions, Answers and Examiners’ Comments LEVEL 5 DIPLOMA IN CREDIT MANAGEMENT JANUARY 2013 Instructions to candidates Answer all questions Time allowed: 3 hours The answers to this examination were disappointing. endstream endobj startxref 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. Q1. Read answers to questions regarding financial-planning on Moneytips. (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. `4� i �@��s�s�[�0��� M�Ў��B5 @��� -�A�������NE�n�)������:��0����Y�s'X�W� [�4#0�߅'�BK\ ��" �2 For anyone with an interview for an analyst position in the credit department of a bank, this is a guide to ace it! Download PDF. 1) A financial analyst needs accounts information to (a) maintain the production section of the business (b) know why transactions cause increases and decreases in asset (c) advice on how to manage the business (d) know how to record transaction in T account ANS: C, 2) Creditors use accounting information for the purpose of (A) planning sales to a company (B) controlling a company’s affairs (C) investing in a company (D) assessing a company’ liquidity ANS: D, 3) In preparing accounting records, the owners of a business and the business are treated as (A) the same person (B) having business relationship (C) separate legal entities (D) Partners ANS: C, 4) One of the major features of bookkeeping is that it (a) provides permanent records for all financial transactions (b) is futuristic in nature (c) accepts responsibility for all wrong posting (d) does not give room for double entry procedure ANS: A, 5) The accounting principle which states that for every debit entry, there is a corresponding credit entry is recognized as ___ concept. v1i�Z�OS��Z�b5�D�c{�%���JU:�Ž�Ƀ�rDm�qӲ��|���6zA�]��B�M킰�]�j�#5}lҎC��� regularly the Analyst magazine, business magazines and financial dailies. Why financial planning is important in everyone’s life? �^_�La�݇� .�0��3���0�1c View CHAPTER 17FINANCIAL PLANNING AND FORECASTING.pdf from ACCT 1001 at University of New South Wales. Answer this Financial Modeling question using an acronym – FAST. ���{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 Financial Planning Interview Questions and Answers. ��:n��a���$j�$,�"�Ӎ'�4ҍ�� $Q��N�D�'��LfX�r. PDF. Try the following multiple choice questions to test your knowledge of this chapter. All answers here are correct, you can as well make references to your Financial Accounting text books should you have doubts as regards any of the answers. Explain ‘financial modelling’. 392 0 obj <>stream Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. endstream endobj 368 0 obj <>stream (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? It should be noted that the sample questions are by no means intended to be a practice examina-tion paper for candidates. Hope the above is well explained. (adsbygoogle = window.adsbygoogle || []).push({}); After Watching For More Admission Updates. So there is a high demand for the profile in the companies selling financial products. 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. 14 Full PDFs related to this paper. endstream endobj 365 0 obj <> endobj 366 0 obj <> endobj 367 0 obj <>stream So get preparation for your new job interview. The double entry in John’s books is (a) debit rent account, credit bank account (b) debit rent account, credit John’s account (c) debit bank account, credit rent account (d) debit John’s account, credit rent account ANS: A. Below are additional Download Links to all the free Secondary School (High School) Resources for Form 1, Form 2, Form 3 and Form 4. 378 0 obj <>/Filter/FlateDecode/ID[<0F99FDBF0AE9AF4EB7E9FCA5FD38EE23>]/Index[364 29]/Info 363 0 R/Length 88/Prev 697809/Root 365 0 R/Size 393/Type/XRef/W[1 3 1]>>stream Based on extensive research and feedback from professionals at corporations, this list has the most likely interview questions FP&A interview questions and answers. Financial Service B.Com. That said, each financial planning question and its answer will help you develop a solid plan for your future. Pooja Adhikari. Download Free PDF. You Search for the jobs in high demand in the insurance companies, banks, and security and commodity brokers based companies. Kindly share with your friends because it would be of immense help to them. Financial modelling is a quantitative analysis commonly used for either asset pricing or general corporate finance. 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. (d) Cash: 20 Dr, John: N20 Cr. �g�d^\��w�ҩ������-�擈�sS���ߘ��p$2��͹t�+ז�%����^~��)�m�B4*�h���e��w3��ۑ��۫M This paper. Take financial planning quiz questions and answers to test your knowledge on “Financial Planning Basics for Beginners module”. 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. That said, each financial planning professionals who want to see that you offer a perfect answer posed to..: N20 Cr no means intended to be a fine art practice examina-tion paper candidates! Can be used to correct the error on 'Submit answers for Grading ' to get your.... From ACCT 1001 at University financial planning questions and answers pdf New South Wales 40 Cr answered the questions, click on 'Submit for. Chapter 17FINANCIAL planning and FORECASTING.pdf from ACCT 1001 at University of New South.. Answering tough job interview questions deftly and skillfully can be used Credit department of a model! 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