Free BF02 – BCS Professional Certificate in Business Finance 2.0 Practice Test Question

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• ○ Assets liabilities and equity
• ○ Income and expenses only
• ○ Cash receipts and payments
• ○ Forecast sales and costs

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• ○ Assets owned and owed
• ○ Income expenses and profit
• ○ Cash inflows and outflows
• ○ Share capital movements only

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• ○ Profits are always cash
• ○ Cash ignores all transactions
• ○ Accruals and timing differences
• ○ Profits exclude credit sales

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• ○ Valuing fixed assets held
• ○ Setting product selling prices
• ○ Calculating staff bonus payments
• ○ Showing cash movement sources

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• ○ Planning future liquidity needs
• ○ Auditing published annual accounts
• ○ Choosing depreciation methods used
• ○ Registering company share issues

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• ○ Statement of financial position
• ○ Income statement for period
• ○ Cash budget for month
• ○ Sales ledger day book

Answer is in the explanation below.

Answer is in the explanation below.

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• ○ Record daily cash transactions
• ○ Justify a proposed investment
• ○ Replace the project plan
• ○ Audit supplier annual accounts

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• ○ Daily timesheet approval records
• ○ Options benefits and costs
• ○ Individual expense claim forms
• ○ Risks and organisational impacts

Answer is in the explanation below.

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• ○ Gross margin ratio analysis
• ○ Receivables days calculation only
• ○ Net present value method
• ○ Internal rate of return