LOMA 291 Module 4 Lesson 1 exam |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
with correct answers |||\\\ |||\\\
controller - correct answer✔✔directs the accounting and financial reporting function
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financial accounting - correct answer✔✔The field of accounting that focuses primarily on
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reporting a company's financial accounting information to meet the needs of the company's
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external stakeholders. |||\\\
management accounting - correct answer✔✔The field of accounting that focuses primarily on
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reporting and presenting a company's financial information to meet the needs of the
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company's internal users. |||\\\ |||\\\
premium taxes - correct answer✔✔percentage of premium income received
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budget - correct answer✔✔A financial plan of action, expressed in monetary terms, that
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covers a specified time period.
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treasury operations - correct answer✔✔manages liquidity, tracks cash flow, banking. short
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term.
fixed-income investments - correct answer✔✔most types of insurer investments are this.
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with correct answers |||\\\ |||\\\
controller - correct answer✔✔directs the accounting and financial reporting function
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
financial accounting - correct answer✔✔The field of accounting that focuses primarily on
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
reporting a company's financial accounting information to meet the needs of the company's
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
external stakeholders. |||\\\
management accounting - correct answer✔✔The field of accounting that focuses primarily on
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
reporting and presenting a company's financial information to meet the needs of the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
company's internal users. |||\\\ |||\\\
premium taxes - correct answer✔✔percentage of premium income received
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
budget - correct answer✔✔A financial plan of action, expressed in monetary terms, that
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
covers a specified time period.
|||\\\ |||\\\ |||\\\ |||\\\
treasury operations - correct answer✔✔manages liquidity, tracks cash flow, banking. short
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
term.
fixed-income investments - correct answer✔✔most types of insurer investments are this.
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