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MATCH THE TERMS IN COLUMN A WITH THE STATEMENTS IN COLUMN B . STATE THE LETTER OF THE CORRECT ANSWER. USE THE TABLE ON PAGE
MATCH THE TERMS IN COLUMN A WITH THE STATEMENTS IN COLUMN B STATE THE LETTER OF THE CORRECT ANSWER. USE THE TABLE ON PAGE FOR YOUR ANSWERS.
COLUMN A COLUMN B
Financial management A The field of finance that is concerned with the recording of financial information and reporting that information to external users
Control B An important shortterm goal of financial management.
Maximizing shareholders wealth C The field of finance that is concerned with providing a true and fair view of the financial result and financial position of a business entity.
Auditing D Choosing whether profits should be retained in the business to fund future growth or be distributed to the shareholders.
Solvency E Finance required to increase the productive capacity of a business entity.
Dividend decision F Activity required to ensure that the business is meeting its objectives.
Longterm funding G An important longterm goal of financial management.
Profit maximisation H A person who decides whether a business will be a good opportunity for hisher client to invest in
Capital budgeting techniques I Occurs when the assets of an entity exceed the liabilities.
Financial accounting J Concerned with planning and controlling an organisations financial resources to help it to achieve its strategic objectives.
Historic cost K Used to evaluate projects or investment opportunities.
Investment analyst L An accounting concept which states that assets are reported in the entitys books at the price that they were acquired for.
Current liabilities M This accounting concept implies that the business will continue operating in the foreseeable future.
Going concern N Possessions of a business that provide benefits for more than one year.
Noncurrent assets O Debts that are payable within one year.
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