Financial Analysis, Professional Development

Question 1

Accounting

Answer 1

The systematic and comprehensive recording of financial records.

Question 2

Asset

Answer 2

Items of value that a business possesses.

Question 3

Balance Sheet

Answer 3

A financial statement that summarizes a company’s assets, liabilities, and shareholders equity at a specific point in time.

Question 4

Bank Statement

Answer 4

Report released (on a fixed date every month) by banks that lists deposits, withdrawals, checks paid, interest earned, and service charges or penalties incurred on an account. It shows the cumulative effect of these transactions the account’s balance, up to the date the report was prepared.

Question 5

Budget

Answer 5

Estimate of costs, revenues, and resources over a specified period for a particular project or operation of a business (or household). It serves as a plan for action for achieving goals, a standard for measuring performance, and a device of coping with foreseeable adverse situations.

Question 6

Capital Asset Pricing Model ( CAPM )

Answer 6

A model used to estimate the expected return on an investment based on its systematic risk, as measured by its beta coefficient, and the risk-free rate of return, adjusted for market risk.

Question 7

Cash Flow Statement

Answer 7

Summary of the actual or anticipated incoming and outgoing cash in a firm over an accounting period. It answers the questions “Where the money came from?” and “Where it went?” It assesses the amount, timing, and predictability of cash-inflows and cash-outflows, and are used as the basis for budgeting and business planning.

Question 8

Credit

Answer 8

The granting of a loan and the creation of debt. It is any form of deferred payment.

Question 9

Credit History

Answer 9

Record of a borrower’s payment behavior that reflects his or her ability to repay a loan. It is a critical factor used in a credit rating, and it is used by lending institutions as a qualifier for new loans.

Question 10

Currency

Answer 10

Tokens used as money in a country. In addition to the metal coins and paper bank notes, it also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash.

Question 11

Adaptability

Answer 11

The ability to adjust and thrive in changing environments, roles, or situations, demonstrating flexibility, resilience, and openness to new challenges and opportunities.

Question 12

Appearance

Answer 12

The outward or visible aspect of an individual.

Question 13

Behavioral Skills

Answer 13

The ability to solve problems and to manage risk.

Question 14

Chain of Command

Answer 14

The order in which authority and power in an organization is maintained and delegated from top management to every employee at every level of the organization.

Question 15

Cover Letter

Answer 15

A letter of introduction that often accompanies a resume.

Question 16

Emotional Intelligence ( EI ) Development

Answer 16

The process of improving self-awareness, self-regulation, empathy, and social skills to better understand and manage one’s own emotions and relationships with others.

Question 17

Entrepreneurship

Answer 17

The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.

Question 18

Follow Up Letter

Answer 18

A letter sent after an initial letter, telephone call, meeting or job interview.

Question 19

Goal

Answer 19

An observable and measurable end result having one or more objectives to be achieved within a more or less fixed time frame.

Question 20

Internship

Answer 20

An official or formal program to provide practical experience for beginners in an occupation or profession.

Question 21

Interview

Answer 21

A somewhat formal discussion between one who hires and an applicant or candidate, typically in person, in which information is exchanged, with the intention of establishing the applicant’s suitability for a position.

Question 22

Job Application

Answer 22

Form which indicates interest in a particular place of employment or position within a company. Typically requests personal identification information (such as name, address and phone number), as well as a history of job experience.

Question 23

Leadership Development

Answer 23

Cultivating and enhancing leadership skills, qualities, and behaviors to effectively lead and inspire teams, drive organizational change, and achieve strategic goals.

Question 24

Mentors

Answer 24

Experienced and trusted advisers.

Question 25

Mentorship

Answer 25

A developmental relationship between a more experienced individual (mentor) and a less experienced individual (mentee), aimed at providing guidance, support, and career advice.

Question 26

Networking

Answer 26

Exchanging information or services among individuals or groups resulting in productive relationships.

Question 27

Organizational Goals

Answer 27

The overall objectives, purpose and mission of a business that have been established by its management and communicated to its employees.

Question 28

Performance Management

Answer 28

The process of setting goals, providing feedback, and evaluating individual or team performance, aimed at improving productivity, engagement, and alignment with organizational objectives.

Question 29

Policies

Answer 29

The set of basic principles and associated guidelines, formulated and enforced by the governing body of an organization, to direct and limit its actions in pursuit of long-term goals.

Question 30

Proactive

Answer 30

Controlling a situation by causing something to happen rather than waiting to respond to it after it happens.

Question 31

Professional Certification

Answer 31

Formal recognition of an individual’s expertise, knowledge, and skills in a specific field or industry, often obtained through standardized exams, assessments, or training programs.

Question 32

Professional Development

Answer 32

The process of gaining skills and knowledge for the purpose of career success.

Question 33

Protocol

Answer 33

Unwritten rules or guidelines that are peculiar to every culture or organization, and are supposed to be observed by all parties in the conduct of business, entertaining, negotiating, politics, etc.

Question 34

Reskilling

Answer 34

Learning new skills or transitioning to new roles or industries, often in response to changes in job requirements, automation, or economic shifts

Question 35

Resume

Answer 35

A list of qualifications, a summary of prior experiences, and a comprehensive overview of skills.

Question 36

Rules of Conduct

Answer 36

A code outlining the social norms and religious rules and responsibilities of, or proper practices for, an individual, party or organization.

Question 37

Time Management

Answer 37

The use of tools, skills, and techniques to accomplish tasks efficiently in a short amount of time.

Question 38

Upskilling

Answer 38

Acquiring new skills or upgrading existing ones to enhance employability, adapt to changes in technology or industry trends, and advance one’s career prospects.

Question 39

Work-Life Balance

Answer 39

The equilibrium between one’s professional responsibilities and personal life, including leisure, family, and health, to maintain well-being, satisfaction, and fulfillment.