Role
Influences
Processes
Strategies
Wildcard
100
The strategic role of financial management.
What is to achieve strategic/long term business objectives?
100
The internal source of finance that comes from surplus funds retained in the business.
What is retained profits?
100
The financial statement that shows a business’s cash inflows and outflows over a period of time.
What is a cash flow statement?
100
The cash flow management strategy that involves spreading payments across the year to avoid cash shortages.
What is distribution of payments?
100
The financial institution that pools funds from small investors to invest in a variety of financial assets.
What are unit trusts? (USE THE SYLLABUS TERM!)
200
The financial objective that focuses on increasing the value and size of the business over time.
What is growth?
200
The external source of finance that involves a business going 'below zero' in its bank account.
What is a bank overdraft?
200
The ratio calculated by dividing total liabilities by total equity.
What is the debt-to-equity (gearing) ratio?
200
The working capital management strategy that involves selling assets and leasing them back to improve liquidity.
What is sale and leaseback?
200
The financial ratio that measures the percentage of sales revenue remaining after paying for the cost of goods sold.
What is the gross profit ratio?
300
The interdependence between finance and marketing.
What is finance providing budgets for marketing strategies, while marketing generates revenue to meet financial objectives? (any example is acceptable)
300
The financial institutions that provides long-term loans and equity funds to large businesses, as well as provides financial advice.
What are investment banks?
300
The financial process that involves comparing performance over time, against standards, or with similar businesses.
What is comparative ratio analysis?
300
The profitability management strategy that focuses on reducing fixed and variable costs.
What is cost control?
300
The financial strategy that involves minimising expenses by identifying and reducing unnecessary costs.
What is expense minimisation?
400
The difference between short-term and long-term financial objectives.
What is short-term for liquidity, long-term for growth?
400
The global market influence that refers to the cost of borrowing funds internationally.
What are interest rates?
400
The limitation of financial reports that occurs when businesses adjust their earnings to appear more stable.
What are normalised earnings?
400
The global financial strategy that uses financial instruments to reduce the risk of currency fluctuations.
What is hedging?
400
The ethical/limitation issue in financial reporting where businesses delay recording expenses to make profits appear higher.
What is timing issues?
500
All the business objectives in the syllabus.
What are profitability, liquidity, efficiency, solvency, growth?
500
The government organisation responsible for enforcing company taxation and regulating financial practices in Australia.
What is the Australian Securities and Investments Commission (ASIC)?
500
The financial process that involves matching the terms and sources of finance to the business purpose.
What is planning and implementing?
500
The method of international payment where the exporter ships goods before receiving payment.
What is a clean payment?
500
The birth month and year of Maxibon
What is July 2023?
