Finance Function

Question 1

Financial Function

Answer 1

Using funds and other resources in an appropriate way to assist stakeholders’ understanding of past and likely future results - Includes financial and management accounting

Question 2

Treasury Function

Answer 2

Raisin appropriate sources of finance and managing financial risks

Question 3

Financial Accountant

Answer 3

Reporting historic performance

Question 4

Management Accountant

Answer 4

Providing financial information for internal managers

Question 5

The treasury function

Answer 5

Tax
Raise Finance
Risks
Working Capital

Question 6

Management accounting

Answer 6

Record current costs and revenues
Trends
Budgets and control

Question 7

Financial accounting

Answer 7

Bookkeeping

Preparation of financial accounts

Question 8

Assessing the finance function

Answer 8

Reliable and relevant information
Efficiency
Flexibility
Speed of reporting