Reference no: EM132859292

-How can confidential data and information (such as the wages of individual employees) be kept confidential and yet still be available to managers who need them?
-Describe how information reduces risk when you make a personal or work-related decision.
-What are information rules? How do they simplify the process of making decisions?
-What is the difference between data and information? Give one example of accounting data and one example of accounting information.
-List the five functions of an MIS.
-What are the components of a typical business report?
-Describe the three types of computer applications that help employees, managers, and executives make smart decisions.
-What purpose does audits and GAAPs serve in today's business world?
-How do the major provisions of the Sarbanes-Oxley Act affect a public company's audit procedures?
-What is the principal difference between a balance sheet and an income statement?
-How are current assets distinguished from fixed assets? Why are fixed assets depreciated on a balance sheet?
-How could an individual get in financial trouble by using a credit card? If you were in trouble because of credit card debt, what steps could you take to reduce your debts?
- How does the use of money solve the problems associated with a barter system of exchange?
-Why would a lender offer unsecured short-term loans when it could demand collateral?
-For a business firm, what type of activities does financial management involve?
-How does short-term financing differ from long-term financing? Give two business uses for each type of financing.
-Describe the risk-return ratio.
-What is the function of a cash budget? A capital budget?
-What is zero-base budgeting? How does it differ from the traditional concept of budgeting?
-What are four general sources of funds?
-How important is trade credit as a source of short-term financing?
-Why would a supplier require a customer to sign a promissory note?
-What is the prime rate? Who gets the prime rate?
-What are the advantages of financing through the sale of stock?