AFM exam package 2023 with complete solutions

Free trade moving goods/services between countries without political or economic obstruction Exporting selling products to another country Importing buying products from another country Balance of trade relationship between exports & imports Trade surplus favourable ...

Porter's 5 forces considers the political, economic, social, technological, and overarching factors that may impact the success of a business. False The manager of Extreme Sporting Goods is concerned that cash expenditures have been exceeding cash receipts for the last six months, suggestin...

ROCE NOPAT/Capital employed asset turnover revenue/capital employed operating profit margin operating profit/revenue receivable days receivables/revenue X 365 payable days payables/purchases X 365 inventory holding period inventory/cost of sales X 365 ...

EQ (Emotional Quotient, also know as emotional intelligence) Focuses on the strength of certain soft skills, and involves developing greater self-awareness and self-control, and developing the ability to empathize and see a variety of perspectives. Intrapreneurship Entrepreneurial activity ...

Four financial statements in order income statement, retained earnings statement, balance sheet, statement of cash flows Financial Accounting For internal and external use Management Accounting Only used internally General Accepted Accounting Principles (GAAP) the common set...

Research and Development defined as work directed towards the innovation, introduction, and improvement of produce and processes. Innovation 1. Improve product quality 2. Increase production capacity 3. Extend product range Production the creation of goods and services using the f...

While attending a film festival you decide there are 10 movies that you are interested in seeing. However you only have time to see 7 movies. In how many different ways can you watch 7 of the 10 movies? 604,800 A local pizzaera offers 12 toppings for their pizza and you can only choose any 4...

Intrapreneurship process of promoting innovation within the structure of an existing organization How To Become Futureproof Hone irreplicable technical and soft skills Still expected to learn and understand routine tasks Use of professional judgement is still required Digital Literacy ...

Sole proprietorship one person owning and running pros-easy to create cons- unlimited liability, income tax at personal level (True) partnership like a sole proprietor but more than one owner cons-unlimited liability, income taxed at personal level Limited Partnership goal is to ...

Managerial Accounting provides managers with essential information they can use to run organizations What are the 3 types of business organizations 1. Service 2. Merchandising 3. Manufacturing Strategy Companies must develop a viable strategy to achieve their goals and objectives ...

CSA Canadian Securities Administrators SEDAR System for Electronic Document Analysis and Retrieval ASPE Accounting Standards for Private Enterprises Characteristics that make accounting information useful Reliability Relevance Consistency Comparability AcSB Canadi...

Dependent credit, eligible dependent person must be young, old or infirmed not earn very much money live with the taxpayer Eligible medical expenses for the credit are limited to items on a very long list (does not include everything that improves taxpayer's health ex. no supplements) ...

John is looking to buy an established business. Which of these is not a question he should ask himself before buying it? a) Why is it up for sale? b) How much should I be paying? c) Will I have a lot of control over the business? d) None of the above c) Will I have a lot of control over the bus...

A1 (Ch1) Role of Sen Fin Advisor What do investors care about 1. Future 2. Dividend 3. Financing Plans 4. Risk Management A1 (Ch1) Role of Sen Fin Advisor Shareholder wealth equation Total Shareholder Return (Dividend yield + capital gain) A1 (Ch1) Role of Sen Fin Advisor...