Important of Financial Planning

Q.

What Are the Characteristics of Financial Management?

Q.

What Are the 3 Basic Functions of a Finance Manager?

Q.

What is the main function of financial management?

1. Procurement of Funds

2. All of these

3. Allocation of Net Profits

4. Financial Planning

Q.

What is meant by finacial management? State the primary objective of finacial management.

Q. Define financial management.

Q.

Which of the following factors affect the financial decisions?

1. Cost

2. Risk

3. Cash flow position

4. All of the above

Q.

Discuss in brief the importance of financial management.

Q.

Financial management is associated with inflow and outflow of money. Do you agree? If yes, how?

Q. State the objectives of financial management.

Q.

For a manager what are the importance of financial planning:

1. Owners funds are the source of permanent capital

2. Helps in forecasting situations that are probable in the future

3. Helps in avoiding business shocks and surprises

1. 1 & 2

2. 2 & 3

3. 1 & 3

4. All of the above

Q.

Why is IFRS better than GAAP?

Q. Which of the following is a regulatory function of SEBI?

1. Prohibition of fraudulent and unfair trading
2. Regulation of takeover bids by companies
3. Undertaking measures to develop capital market
4. Conducting research

Q. Financial planning starts with the preparation of ________.

1. Cash Budget
2. Balance Sheet
3. None of the Above
4. Master Budget

Q.

Decisions which can be taken by a manager in a financial plan:

1. Decisions regarding the issue of equity and preference shares

2. Decisions regarding ploughing back of profits

3. Helps in avoiding business shocks and surprises

4. Helps in coordination of other business

1. 1 & 3

2. 1, 2 & 3

3. 2, 3 & 4

4. All of the above

Q. What is required to tackle the uncertainty in respect of availability and timings of funds?

Q. Explain the important steps of financial planning.

Q. Avoiding business shocks and surprises and helping the company in preparing for the future is the _________ of financial planning.

1. importance
2. objective
3. factor
4. disadvantage

Q. "Business finance includes those business activities which are concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives of business enterprise." This definition is given by _____________.

1. B.O. Wheeler
2. Howard and Upton
3. ICSI
4. ICAI

Q. ______________ is concerned with optimal procurement as well as usage of finance.

1. Financial decision
2. Cost management
3. Financial management
4. Management

Q. Financial planning deals with ________.

1. Preparation of Financial Statements
2. Planning for a Capital Issue
3. All of the Above
4. Preparing Budgets

Q. Financial planning helps in forecasting situations for business.

1. False
2. True

Q. Scope of financial management does not include ?

1. Financial decisions
2. Investment decisions
3. Dividend decisions
4. Note of the above

Q. Financial planning links investment and financial decisions.

1. False
2. True

Q. The job of a finance manager is confined to _____________________.

1. Raising funds
2. Management of cash
3. None of the above
4. Raising of funds and their effective utilization