Enumeration of FC Flashcards
1
Q
The elements of long-range financial plan (TCCKRBF)
A
- Trend of revenues and profits
- Capital investments
- Cash flows and financing requirements
- Key statistics
- Risk analysis
- Breakdown by business unit/product line/geography
- Financial position
2
Q
Components of master budget
(SPCNC) (FICSAF)
A
1.Sales
2.Production volume
3.Cost of raw materials
4.Number of raw materials units to be purchased
5.Cost of direct labor
6. Factory overhead
7. Inventory levels
8. Cost of good sold
9. Selling expenses
10. Administrative expenses
11. Financing charge
3
Q
The amount of working capital depends on
(NNTCEETD)
A
Nature of the operations
Normal operating cycle of the business
Terms of sales and purchase
Competition
Ease of obtaining credit
Expansion plans
Taxation
Dividend policies