Tài liệu tiếng anh cơ bản 2

lOMoAR cPSD| 48632119
1. What are strengths and weaknesses of internal audit?
The strength's: It plays an important role in the company's internal control,
financial management, limits accounting errors and loss of funds. Thanks to
internal audit, the management knows the current state of the company,
deviations from standard operating procedures.
The weakness's: Firstly, the audit results may not be accurate because of the
internal auditor's lack of qualification. Secondly, the audit reports may not be
shown to the right managing staff for necessary adjustment and solution, so reducing audit effectiveness.
2. How is working capital of a company classified?
Working capital of a company can be classified as 2 types of working capital:
permanent working capital and temporary working capital. Permanent working
capital is used to maintain the business throughout the year. Temporary working
capital is needed from time to time take account of seasonal, cyclical or
unexpected fluctuations in the business.
3.What are different sources of data needed in financial analysis?
There are financial statement data, market data and 'economic data: The primary
source - financial statement data is the data, provided by the company in its
annual reports. Market data is found in the financial press and media daily. And
economic data such as GDP or CPI that is readily available fro government and private sources.
4.What are tasks of financial managers in managing debtors?
It is the task of finance manager to see that generous credit terms are negotiated
with suppliers, but minimal credit terms are offered to customers. A balance must
be achieved between getting and give good credit terms to attract customers and
maintain positive relationships with suppliers on the other and minimizing cash outlay on the other hand. lOMoAR cPSD| 48632119
5.What is financial analysis? How is financial analysis important?
Financial analysis is the selection, evaluation, and interpretation of financial
data.It is important because it assists many decision makers in making
investment and financial decisions. It is used internally to evaluate employee
performance, efficiency of operations and credit policies. Externally, It is used to
evaluate potential investments and the credit-worthiness of borrowers,...
6.What are common mistakes in setting prices?
Pricing is too cost oriented. Price is not revised often enough to capitalize on
market changes. Price is not varied enough for different product items and market
segments. Price is set independently of the rest of the marketing mix rather than
as an intrinsic element of marketing-positioning strategy.
7.How are financial ratios classified?
Ratios can be classified according to the way they are constructed and their
general characteristics. By construction, ratios can be classified as a coverage
ratio, a return ratio, a turnover ratio and a component percentage. According to
their general characteristics, they can be classified into a liquidity ratio, a
profitability ratio, an activity ratio, a financial leverage ratio, a shareholder ratio
and a return on investment ratio.
8.What are the tasks of financial managers in managing inventories?
In managing inventories, the tasks of the financial managers to minimize the
stocks of raw materials, the level of the work in progress and the quantity of finished goods.