The objective of financial statements is: A. To summarize cash receipts and cash payments. B. To provide information that can be used in evaluating management performance C. To provide information about the financial position, performance and cash flows of an enterprise that is useful to a wide range of users in making economic decisions. D. To support the application for a bank loan

Which of the following is a function of corporate finance?               Select one: a.  Handling customer complaints. b. Production planning. c. Preparation of financial statements. d. Making investment and financing decisions.

Consider the following statements. For each one of them state whether the statement is true or false and provide a brief explanation to support your answer. a) Financial accounting is targeted at external users while management accounting focuses on internal users. b)  The trial balance is part of a company’s financial statements. c)  Bank loans are always non-current liabilities.   d)  In accounting, revenues are recognised whenever there is a cash transfer. e)  As understandability is one of the key characteristics of accounting according to the IASB conceptual framework, transactions that are too difficult should not be recognised in the accounts.

Which function of a financial intermediary reduces transaction and information costs between a corporation and individual which may encourage a higher rate of savings? Select one: a. Administration of the payments mechanism b. Information production services. c. Money supply management. d. Asset transformation services. e. Brokerage services.