Financial management test RIU

Financial management
Part 2


Lesson number 1.

Question No. 1. Own shares purchased from shareholders are reflected in the balance sheet in the section:
1) "Current assets";
2) "Non-current assets";
3) "Capital and reserves";
4) "Short-term liabilities";
5) "Long-term liabilities".

Question No. 2. Indicate the reason that causes the cash flow in the course of the investment activities of the enterprise:
1) receipt of proceeds for the products sold and payment of suppliers' invoices for materials and services;
2) the purchase and sale of fixed assets;
3) acquisition of intangible assets;
4) issue of a bonded loan and its redemption;
5) Answers 2 and 3 are correct.

Question No. 3. Formation of information in the profit and loss statement is carried out according to analytical accounting data and accounts:
1) "Sales", "Other income and expenses" and "Profit and loss";
2) “Sales”, “Other income and expenses”, “Profit and loss”, “Deferred tax assets” and “Deferred tax liabilities”;
3) “Sales”, “Other income and expenses” “Profit and loss” and “Retained earnings (loss)”;
4) "Sales", "Profits and losses" and "Deferred tax assets";
5) “Sales”, “Other income and expenses” and “Deferred tax liabilities”.

Question No. 4. The most important part of the statement of changes in capital, reflecting the growth in the welfare of the organization and its owners, is:
1) authorized capital;
2) retained earnings;
3) additional capital;
4) reserve capital;
5) all answers are correct.

Question No. 5. Fixed assets are reflected in the balance sheet:
1) at initial cost;
2) at replacement cost;
3) at the residual value;
4) at the market value;
5) at the revaluation value.


Lesson number 2.
Question No. 1. Gross profit for the purposes of compiling the income statement is:
1) the difference between income from ordinary activities and direct costs for it;
2) the difference between income from ordinary activities and the entire set of costs associated with it;
3) the difference between all the income and expenses of the organization, carried out by it in the process of conducting financial and economic activities;
4) the difference between all income and expenses;
5) the difference between all income and indirect costs.

Question No. 2. Profit (loss) from sales, generated in the current income statement, is:
1) the difference between income from ordinary activities and direct costs for it;
2) the difference between income from ordinary activities and the entire set of costs associated with it;
3) the difference between all the income and expenses of the organization, carried out by it in the process of conducting financial and economic activities;
4) the difference between income from ordinary activities and indirect costs for it;
5) there is no correct answer.
Question No. 3. Which of the two main reporting forms is the cause and which is the effect?
1) balance sheet;
2) profit and loss statement;
3) is determined by the goals of specific users of reporting;
4) a statement of cash flows;
5) report on changes in equity.
Question No. 4. Formation of indicators of financial results in a modern profit and loss account is carried out:
1) by the balance method;
2) by the expanded method;
3) the combined method;
4) the residual method;
5) by the algebraic method.
Question No. 5. The requirement to include information on earnings per share in the profit and loss statement contains:
1) in the Federal Law "On Accounting";
2) PBU 4/99 "Financial statements of the organization";
3) in PBU1 / 98 "Accounting policy of the organization";
4) PBU 18/02 "Accounting for income tax calculations";
5) in PBU 9/99 "Income of the organization".

Lesson number 3.
Question No. 1. What is the duration of the financial cycle, if inventory turnover is 15 days, accounts receivable - 12 days, accounts payable - 10 days?
1) 27 days;
2) 17 days;
3) 22 days;
4) 15 days;
5) 25 days.
Question No. 2. The composition of the working capital of the enterprise