Finance acronym remember

Question 1

Role

Answer 1

PLEGS
P - Profitability
L - Liquidity
E - Efficiency
G - Growth
S - Solvency (aka gearing)

Question 2

Strategic role:

Answer 2

FID
F - Finance decisions (who do we get money from?)
I - Investment decisions (what should we do with our money to generate more)
D - Dividend decisions (how do we distribute any earnings)

Question 3

Influences

Answer 3

SIGG
S - Sources of finance (internal v external)
I - institutions
G - Government
G - Global marketing influences

Question 4

Financial institutions

Answer 4

Buf Sail
B - Banks
U - Unit trusts
F - Finance companies
S - Superannuation funds
A - Australian securities exchange
I - investment banks
L - Life insurance companies

Question 5

Processes

Answer 5

PIMFLE
P - Planning
I - And implementing
M - Monitoring and controlling
F - Financial ratios
L - Limitations of financial reports
E - Ethical issues related to financial reports

Question 6

Planning and implement

Answer 6

Red and Blue CoreNR
R - Record systems
B - Budgets
F - Financial controls
N - Financial needs
R - Financial risks

Question 7

Limitations of financial reports

Answer 7

DR CEN has TINEA
Dr - Debt repayments
CE - Capitalising expenses
N - notes to financial statements
TI - Timing issues
NE - Normalised earnings
A - Asset valuation

Question 8

Strategies

Answer 8

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G - Global financial management
W - Working capital management
C - Cash flow management
P - Profitability management

Question 9

Global financial management

Answer 9

Hm Die
H - hedging
M - Methods of international payment
D - Derivatives
I - interest rates
E - Exchange rates