Essay questions
Answers should be at least three paragraphs long.
- Discuss at length at least four things you could do to help shorten the close process as a new controller.
- Name at least two documents a public company would be required to file under the SEC. How often must they be file? Describe what they are and what information they would provide to the public.
- Discuss at least two methods the controller can use to reduce costs. Discuss the pros and cons to each.
- The Brock Company has decided to replace some equipment and needs 2 million dollars to do this. Discuss in detail several options the company could use to acquire this equipment and include several options of financing this equipment.
- Company X has been in operation for 7 years, and a public company for 5 years. They have yet to offer a dividend to their shareholders. What are some possible reasons they haven’t offered a dividend yet? If they do decide to offer a dividend, what positive and negative impact might this have on the company?
Short answer questions
- What are liquidity measures?
- What are ratios used to measure a company’s ability to make its debt payments called?
- Name two items that should be included in an RFP for a financial systems implementation.
- Label the following as temporary or permanent tax differences:
Meals
Accruals
Entertainment
Prepaids
Penalties
- What is a loan covenant?
