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NSE1 Module4

This document is a series of multiple choice questions about the responsibilities of a Chief Financial Officer (CFO). The questions cover topics such as managing financial risk and data, creating accurate financial reports on past company performance, relying on accurate information from across the company to understand current performance and plan for the future, consequences of inaccurate reports, relying on good information to create forecasts, managing company finances and financial risks as the primary responsibility, and analyzing the financial impact of new business initiatives.

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Ernesto Ulianovic Castro
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4K views3 pages

NSE1 Module4

This document is a series of multiple choice questions about the responsibilities of a Chief Financial Officer (CFO). The questions cover topics such as managing financial risk and data, creating accurate financial reports on past company performance, relying on accurate information from across the company to understand current performance and plan for the future, consequences of inaccurate reports, relying on good information to create forecasts, managing company finances and financial risks as the primary responsibility, and analyzing the financial impact of new business initiatives.

Uploaded by

Ernesto Ulianovic Castro
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

A CFO’s responsibility is to manage financial risk, and that covers which other element?

Select one:
Costs associated with the building’s janitorial contractor.
The catered lunch in the boardroom.

All the information and data in the company.


The after-hours card games.

Being trustworthy with customer data is now a part of which outcome?


Select one:
Crafting a better user experience.

Building brand loyalty.


Decreasing revenues.
Regulatory fines.

How does a CFO treat intangible assets such as intellectual property, trade secrets, manufacturing
methods, and the information about customers?
Select one:
More responsible for the financial risks to those information assets than any others.
Paper assets

Just as responsible for the financial risks to those information assets as any others.
Not responsible at all.

Looking into the past, a CFO will create which kind of reports?
Select one:
Timecard reports for individual employees.
TPS reports
Billable hours

Reporting on the prior financial performance of the company.

Since it uses information from every corner of the business, what does a company’s Enterprise
Resource Planning (ERP) system require to help the CFO understand what’s happening now, and
plan for the future?
Select one:
A gaggle of consultants.
Several reams of paper.
Last quarter’s TPS reports.

Accurate and trustworthy information.

What are the consequences if a CFO’s reports are not accurate?


Select one:
There are no consequences since nobody actually reads those reports.

From having to re-state the data, to being found in violation of financial regulations.
The next report must have an offsetting error to compensate.
Other CFOs in the area will catch the error and help fix it.

What does a CFO rely on to create forecasts of what will happen to the company in the future?
Select one:
Accurate inventory data.

Access to good information.


Advice of Wall Street analysts.
An endless supply of coffee.

What is the primary responsibility of a CFO?


Select one:
To manage the company’s payroll.

To manage the finances and the financial risks of the company.


To oversee the factory floor.
To develop new products and services.

What poses one of the greatest risks to the financial value of a company’s information assets?
Select one:
Spelling errors
Floods

Cyber threats
Earthquakes

What role does a CFO play in new business initiatives, product launches and/or new service
offerings?
Select one:

Analyzes the financial impact.


Conducts focus group research.
Provides advice on marketing.
Provides advice on engineering.

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