Explain the following four Financial Statements as it relates to the Management of a Small and Medium Enterprise. a. The Balance Sheet b. The Profit and Loss Statement c. Cash Flow Statement d. Income and Expenditure
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Explain the following four Financial Statements as it relates to the Management of a Small and Medium Enterprise.
a. The Balance Sheet
b. The
c.
d. Income and Expenditure
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- Explain the following four Financial Statements as it relates to the Management of a Small and Medium Enterprise.a. The Balance Sheetb. The Profit and Loss Statementd. Income and ExpenditureExplain the following four Financial Statements as it relates to the Management of a Small and Medium Enterprise.a. The Balance Sheetb. The Profit and Loss Statementc. Cash Flow StatementFinancial accounting deals with the following except Select one: a. Prepares the budgets and estimates cost volume profit relationships b. preparation of financial statements C. Analysis of transactions, journalizing, ledger posting d. retained earnings statements, cash flow statements
- A primary focus of financial reporting about a company's performance during an accounting period is information related to the company's: a. Balance Sheet b. Income Statement c. Comprehensive Income d. Cash FlowsAn area of information that shows a company's ability to manage its assets, such as inventory and accounts receivable. Select one: O a. Solvency b. Liquidity c. Profitability d. Operations Management OIdentify which financial statement is required to calculate each of the following: a. Profitability b.solvency c.efficiency d.liquidity 2. Explain how a financial manager may use financial ratios to analyse the financial performance of a business
- Classify the following as to whether they are normally related or not to accounting and finance functions: 1. Investment management 2. Preparation of accounting systems and procedures manual 3. Marketing 4. Cost reduction studiesWhich of the following activities is associated with the management accounting information system?A. Reporting to the shareholdersB. Preparing a statement of cash flowsC. Reporting on the cost of qualityD. Preparing reports for the tax authoritiesThese are group of ratios that reflect the combined effects of liquidity, management efficiency in handling the assets and liabilities on the operating results of the business. a. Liquidity ratiof b. Solvency Ratios c. Profitability Ratios d. Growth Ratios
- The financial activities of financial management are categorized into major functions in terms of making. ecisions. O accounting and financing O investment, financing, and working capital management capital budgeting, cash management and credit management O financing and dividendPresent a definition for the different classifications of ratios and explain what they measure during a financial analysis which include: -Liquidity Ratios -Activity Ratios -Financing Ratios -Market Value Ratio -Profitability Ratio Also what roles would the different departments ( what do they specialize in) contribute to during the financial analysis breakdown: -Finance Manager -Sales Manager -Marketing Manager -HR Manager -Legal department managerPrepare a financial statement analysis in terms of liquidity, solvency, profitability and efficiency of the following company.