FIN2603 EXAM NEWEST UPDATE 2025/2026 WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ WELL ANALYSED, ALREADY GRADED A+
(100%GUARANTEED PASS! )
capital market - CORRECT ANSWER-a market place where companies and
government can raise long term funds, a market where money is lent for
periods longer than 1 year
cost-benefit principle - CORRECT ANSWER-sound financial decision making
requires that an analysis of the total cost and the total benefits be conducted -
as far as possible, the benefit should be greater than the cost of any decision
Financial institution - CORRECT ANSWER-an organisation that acts as a
channel between savers and borrowers of funds (Two main types of financial
institutions are banks that pay interest on
, deposits from the interest earned on the loans, and insurance companies and
mutual
funds that collect funds by selling their policies or shares to the public and
provide returns
in the form of periodic benefits and profit payouts.)
Current assets - CORRECT ANSWER-those assets that change with the
transactions that take place as business is conducted - inventory (stock),
accounts receivable (debtors) and cash deposited or on
hand (In a trading business, inventory would be merchandise for resale; a
manufacturing f rm would hold an inventory of raw material, work-in-process
and furnished goods.)
Director's report - CORRECT ANSWER-an overview of the firm and its state of
affairs for the benefit of the users of the financial statements; deals with the
firm's nature of business (including the
mission statement, the influence of the state of the economy, and prevailing
conditions in the industry), profit or loss, and state of affairs; contains
information on additional financing raised, any major changes in the nature of
the firm's fixed assets, and dividends declared and/or paid
Fixed assets (non-current assets) - CORRECT ANSWER-assets that will be
retained for a longer period than
the accounting period of the business, which is usually a year; include land and
buildings,
plant and equipment, and motor vehicles
GAAP - CORRECT ANSWER-generally accepted accounting practices
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS/ WELL ANALYSED, ALREADY GRADED A+
(100%GUARANTEED PASS! )
capital market - CORRECT ANSWER-a market place where companies and
government can raise long term funds, a market where money is lent for
periods longer than 1 year
cost-benefit principle - CORRECT ANSWER-sound financial decision making
requires that an analysis of the total cost and the total benefits be conducted -
as far as possible, the benefit should be greater than the cost of any decision
Financial institution - CORRECT ANSWER-an organisation that acts as a
channel between savers and borrowers of funds (Two main types of financial
institutions are banks that pay interest on
, deposits from the interest earned on the loans, and insurance companies and
mutual
funds that collect funds by selling their policies or shares to the public and
provide returns
in the form of periodic benefits and profit payouts.)
Current assets - CORRECT ANSWER-those assets that change with the
transactions that take place as business is conducted - inventory (stock),
accounts receivable (debtors) and cash deposited or on
hand (In a trading business, inventory would be merchandise for resale; a
manufacturing f rm would hold an inventory of raw material, work-in-process
and furnished goods.)
Director's report - CORRECT ANSWER-an overview of the firm and its state of
affairs for the benefit of the users of the financial statements; deals with the
firm's nature of business (including the
mission statement, the influence of the state of the economy, and prevailing
conditions in the industry), profit or loss, and state of affairs; contains
information on additional financing raised, any major changes in the nature of
the firm's fixed assets, and dividends declared and/or paid
Fixed assets (non-current assets) - CORRECT ANSWER-assets that will be
retained for a longer period than
the accounting period of the business, which is usually a year; include land and
buildings,
plant and equipment, and motor vehicles
GAAP - CORRECT ANSWER-generally accepted accounting practices
