Accounting technicians scheme west africa

276 B. Arrangement of funds required to the firm C. Obtaining required funds in the appropriate mix and utilizing them efficiently D. All of these E. None of these
3. Which of the following is not a function of finance manager A. Mobilization of funds B. Deployment of funds C. Control overuse of funds D. Manipulate share price E. Allocation of funds
4. Which of the following would you expect to be the responsibility of financial management A. Producing annual reports B. Dividend payout to investors C. Producing monthly management accounts D. Advising on investment in non-current assets E. Deciding pay rates for staff
5.
_______ is a link between savers & borrowers, and helps to establish a link between savers & investors A. Marketing B. Financial market C. Money market D. Banks E. None of these
6. Which of the following is the function of financial market A. Mobilization of savings B. Price fixation C. Provide liquidity to financial assets D. All of the above E. None of the above
7.
__________ constitute organisations and institutions that provide long term funds. A. Capital market B. Money market C. Primary market D. Secondary market

277 8. Which of the following is/are the instruments in the money market A. Call money B. Certificate of deposits C. Treasury bills D. Commercial papers E. All of the above
9. Which of the following statements is not true with regard to money market A. It involves low market risk. B. It is situated at specific locations. C. Deals in unsecured and short-term debt instruments. D. The instruments traded are highly liquid.
10. Which of the following statements is not true with regard to capital market A. The funds are raised fora short period of time. B. Both debt and equity funds can be raised. C. It is classified into two types. D. None of the above E. All of the above
11. Which of the following participants represent capital market A. Development banks B. Commercial banks C. Stock exchanges D. All of the above E. Quoted companies
12. Which of the following is a financial asset A. Gold B. Silver C. Share D. Land. E. Receivables
13. Which of the following is a cash asset A. Deposit created out of loans B. Share C. Bond D. Post office certificate. E. Debenture

278 14. Government bond is a A. short term security B. long term security C. medium term security D. Either a orb. E. None of the above
15. The following are functions of an accounting department, EXCEPT A. Keeping records of the organisation’s financial transactions B. Preparation of financial statements C. Conducting internal audit exercises D. Designing accounting systems E. Preparation of organisation forecasts and budgets
16. The following are components of a manual accounting system, EXCEPT A. Cashbook B. Invoices C. Ledgers D.
Peachtree E. Adding machines
17. The mechanical process that records the routine economic activities of businesses is known as ___________ A. Record keeping B. Journal C. Bookkeeping D. Financial records E. Economic trend
18. Information used in accounting records are often expressed in __________ term A. Monetary B. Historical C. futuristic D. metric E. Accounting
19. A professional accountant can occupy any of the following positions, EXCEPT A. Data officer B. Treasurer

279 C. Management accountant D. Internal auditor E. Chief accountant
20. One of these is NOT a function of the Accounting Departments of organisations A. Keeping records of the organisation’s financial transaction B. Analysing and interpreting financial information C. Preparation of financial statements D. Management of the organisation’s funds E. Training and motivation of accountants

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