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FI-354 FINANCE key FINAL EXAM QUESTIONS AND CORRECT ANSWERS

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FI-354 FINANCE key FINAL EXAM QUESTIONS AND CORRECT ANSWERS Finance involves managing... - CORRECT ANSWERS money Goals of finance function are to ensure profitability and... - CORRECT ANSWERS risk Accounting is distinct from finance because it's main focus is on... - CORRECT ANSWERS recordkeeping activities The administration of assets refers to decisions about... - CORRECT ANSWERS Decisions about financing refers to the... - CORRECT ANSWERS reduce investments acquisition of funds Finance function ensures that the company's financial goals are... - CORRECT ANSWERS line with organizational priorities How does the finance function relate to company spending? - CORRECT ANSWERS and controls spending. Money the business owes is known as... - CORRECT ANSWERS Money owed to the business is known as... - CORRECT ANSWERS accounts payable accounts receivable

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FI-354

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FI-354

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Institution: FI-354
Module: FI-354

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Uploaded on: December 8, 2025
Number of pages: 4
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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fi 354 finance

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FI-354 FINANCE key FINAL EXAM QUESTIONS
AND CORRECT ANSWERS
Finance involves managing... - CORRECT ANSWERS money

Goals of finance function are to ensure profitability and... - CORRECT ANSWERS reduce
risk

Accounting is distinct from finance because it's main focus is on... - CORRECT
ANSWERS recordkeeping activities

The administration of assets refers to decisions about... - CORRECT ANSWERS investments

Decisions about financing refers to the... - CORRECT ANSWERS acquisition of funds

Finance function ensures that the company's financial goals are... - CORRECT ANSWERS in
line with organizational priorities

How does the finance function relate to company spending? - CORRECT ANSWERS It plans
and controls spending.

Money the business owes is known as... - CORRECT ANSWERS accounts payable

Money owed to the business is known as... - CORRECT ANSWERS accounts receivable

To keep communication flowing with other departments, the finance function depends on... -
CORRECT ANSWERS information systems

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FI-354 FINANCE key FINAL EXAM QUESTIONS AND CORRECT ANSWERS

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