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  • CCIFP Roles And Responsibilities Of The Financia
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CCIFP Roles and Responsibilities of the Financial Manager Questions And Answers

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Institution CCIFP Roles And Responsibilities Of The Financia
Course CCIFP Roles and Responsibilities of the Financia
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CCIFP Roles and Responsibilities of the Financial Manager Questions And Answers CCIFP Roles and Responsibilities of the Financial Manager Questions And Answers CCIFP Roles and Responsibilities of the Financial Manager Questions And Answers

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CCIFP Roles and Responsibilities of the
Financial Manager Questions And
Answers
-xCORRECTxxANSWER-

AdministratorxofxthexFinancexDepartmentx-xResponsibilitiesx-xCORRECTxxANSWER-
1)xHiringx
2)xTraining
3)xMotivating
4)xOrganizing

AppearancexofxConflictsxwhenxitxcomesxtoxthexFinancialxManagerx-xCORRECTxxANSWER-
Situationxwhenxthexfinancialxmanagerxdoesxnotxreceivexsignificantxcompensationxofxbenefit
,xbutxthexsituationxmayxappearxotherwise.
-
xFinancialxmanagerxawardingxcompanyxbusinessxtoxindividualsxorxbusinessesxwithxwhomxt

hexmanagerxhasxongoingxpersonalxtransactionsxorxrelationships

BusinessxOpportunitiesxAccruextoxthexEmployerx-xCORRECTxxANSWER-
Sayxaxcustomerxletsxthexfinancialxmanagerxinvestxinxaxbusinessxinvestmentxandxthexownerx
mayxperceivexthisxasxthexcustomerxtryingxtoxgetxthexfinancialxmanagerxtoxapprovextheirxbidx
overxothersxbecausexofxthexbusinessxopportunity

ConstructionxCompany'sxChartxofxAccountsx-xCORRECTxxANSWER-Addedxaccounts:
Assets:
-xARx-xRetainage
-xAllowancexofxUncollectiblexAccounts
-xCostsx&xEarningsxinxExcessxofxBillingsx-
xTotalxunderbilledxamountsxonxcontractsxatxthexendxofxthexperiod

-xStoredxMaterialsx-xRepresentxuninstalledxmaterialsxthatxarexmaintainedxatxthexjobsite
-xPre-contractxcostsx-
xCostxincurredxpriorxtoxcontracyxcommencmentx(butxafterxthexawardxofxthexcontract)xthatxar

exaccumulatedxuntilxworkxbegins
-xInvestmentsxinxJointxVenture
-xNon-CurrentxRetainagexReceivablex-
xHoldxretainagexnotxexpectedxtoxbexcollectedxwithinxthexnextxyear

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