Quiz-summary
0 of 11 questions completed
Questions:
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
Information
Certdemy Premium Access
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
Results
0 of 11 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Categories
- Not categorized 0%
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- Answered
- Review
-
Question 1 of 11
1. Question
Select more than on answer:
What does the country of domicile of a company dictate?Correct
Country of domicile of the company dictates not only how domestic cash is treated for tax and regulatory purposes but also the tax implications for cash flows arising overseas.
Incorrect
Country of domicile of the company dictates not only how domestic cash is treated for tax and regulatory purposes but also the tax implications for cash flows arising overseas.
-
Question 2 of 11
2. Question
Efficient international cash management requires a degree of centralisation of:
Correct
Efficient international cash management requires a degree of centralisation of both policy and execution.
Incorrect
Efficient international cash management requires a degree of centralisation of both policy and execution.
-
Question 3 of 11
3. Question
Select more than one answer:
The fundamental cash management functions stemming from the basic bank account are:Correct
The fundamental cash management functions stemming from the basic bank account are:
• collecting funds
• disbursing funds
• tracking balances and transactionsIncorrect
The fundamental cash management functions stemming from the basic bank account are:
• collecting funds
• disbursing funds
• tracking balances and transactions -
Question 4 of 11
4. Question
Most companies use the accrual method for keeping their books, which means that:
Correct
Most companies use the accrual method for keeping their books, which means that the expenses and sales are recorded as soon as they are contracted and reflected in the financial statements.
Incorrect
Most companies use the accrual method for keeping their books, which means that the expenses and sales are recorded as soon as they are contracted and reflected in the financial statements.
-
Question 5 of 11
5. Question
Select more than one answer:
What are the different ways for managing liquidity?Correct
Liquidity management means managing access to physical cash, either by buying or selling short‐term investments, by increasing or reducing working capital, or by borrowing or repaying loans.
Incorrect
Liquidity management means managing access to physical cash, either by buying or selling short‐term investments, by increasing or reducing working capital, or by borrowing or repaying loans.
-
Question 6 of 11
6. Question
What profit has the company made if it has purchased raw materials for EUR 500, spent a further EUR 500 in converting them to products and sold the goods for EUR 2,000?
Correct
The answer is EUR 1,000. The more difficult question is ‘what is the cash balance’? The answer depends entirely on the timing of the cash flows and could vary from −EUR 1,000
Incorrect
The answer is EUR 1,000. The more difficult question is ‘what is the cash balance’? The answer depends entirely on the timing of the cash flows and could vary from −EUR 1,000
-
Question 7 of 11
7. Question
Select more than one answer:
What are the items that use up a company’s liquidity?Correct
Items that use up a company’s liquidity include:
• ongoing business expenses
• operating losses
• increasing inventory
• reducing payables
• increasing receivables
• new investmentsIncorrect
Items that use up a company’s liquidity include:
• ongoing business expenses
• operating losses
• increasing inventory
• reducing payables
• increasing receivables
• new investments -
Question 8 of 11
8. Question
Loss of value to the payer does not necessarily occur at the same time as the provision of value to the:
Correct
Loss of value to the payer does not necessarily occur at the same time as the provision of value to the beneficiary.
Incorrect
Loss of value to the payer does not necessarily occur at the same time as the provision of value to the beneficiary.
-
Question 9 of 11
9. Question
Which concept does the cash manager use when quantifying the cost of inefficient cash management practices or in weighing up the benefits of products and services?
Correct
The cash manager uses the concept of opportunity cost when quantifying the cost of inefficient cash management practices or in weighing up benefits and potential savings of new products and services.
Incorrect
The cash manager uses the concept of opportunity cost when quantifying the cost of inefficient cash management practices or in weighing up benefits and potential savings of new products and services.
-
Question 10 of 11
10. Question
Disbursement float results in an opportunity gain to the person:
Correct
Disbursement float results in an opportunity gain to the person disbursing.
Incorrect
Disbursement float results in an opportunity gain to the person disbursing.
-
Question 11 of 11
11. Question
Which statement best describes a clearing float?
Correct
‘Clearing float’ relates to the period an item takes to clear once it enters the banking system.
Incorrect
‘Clearing float’ relates to the period an item takes to clear once it enters the banking system.