INTERNATIONAL COLLEGE OF BUSINESS & ECONOMICS

K OF C BLDG. #578 BURGOS AVE., CABANATUAN CITY

SUBJECT: Accounting Business Management Senior High School

PROFESSOR: Dennis Rayn V. Briones Number of Copies: 5

4th quarter EXAM

I. Identification
1. Represent a formal record of the financial activities of an entity. These are written reports that quantify
the financial strength, performance and liquidity of a company.
2. also known as the Balance Sheet, presents the financial position of an entity at a given date. It is comprised
of Asset, Liability, and owners equity.
3. also known as the Profit and Loss Statement, reports the company's financial performance in terms of net
profit or loss over a specified period.
4. presents the movement in cash and bank balances over a period.
5. also known as the Statement of Retained Earnings, details the movement in owners' equity over a period.
6. Cash flow from ________________ presents the movement in cash during an accounting period from the
primary revenue generating activities of the entity.
7. Cash flow from _______________ includes the movement in cash flow as a result of the purchase and sale
of assets other than those which the entity primarily trades in (e.g. inventory).
8. Cash flow from _______________ includes the movement in cash flow resulting from the following:
Proceeds from issuance of share capital, debentures & bank loans, Cash outflow expended on the cost of
finance (i.e. dividends and interest expense)
9. Mathematical comparisons of financial statement accounts or categories. These relationships between the
financial statement accounts help investors, creditors, and internal company management understand how
well a business is performing and of areas needing improvement.
10. A branch of accounting that involves court and litigation cases, fraud investigation, claims and dispute
resolution, and other areas that involve legal matters. This is one of the popular trends in accounting today.
11. Another name for statement of financial position.
12. Another name for Income Statement.
13. Another name for Statement of changes in equity.
14. ________ ratios focus on a company's return on investment in inventory and other assets. These ratios
basically show how well companies can achieve profits from their operations.
15. What is the Accounting Equation?

II. Enumeration
3 Elements of the Balance Sheet
2 Elements of Income statement
3 Activities of Cash flow statement
Give at least 2 Branches of Accounting

III. Fill in the amount of the missing element in the financial position (2points each)

Assets = Liabilities + Owners Equity

a. 700,000 300,000 ?
b. 870,000 ? 575,000
c. ? 107, 800 745,000
d. 676,600 399,000 ?
e. ? 900,000 (100,000)

IV. Write the formula of the following Profitability Ratios (2points each)
1. Gross Margin Ratio
2. Profit Margin Ratio
3. Return on Assets Ratio
4. Return on Capital
5. Return on Equity

GOOD LUCK AND GOD BLESS!!!

 INTERNATIONAL COLLEGE OF BUSINESS & ECONOMICS
K OF C BLDG. #578 BURGOS AVE., CABANATUAN CITY

SUBJECT: Accounting Business Management Senior High School

PROFESSOR: Dennis Rayn V. Briones Number of Copies: 5

4th quarter EXAM