Fache hc finance Study guides, Class notes & Summaries

FACHE Board of Governor’s Exam Questions and Answers Latest Update 2024 (Graded A+) Definition of working capital Amount of cash required to support operations - for the period of delay in collecting revenue. 5 Financial Mgt functions that are essential for survival 1) Financial planning 2) Pricing 3) Mgt of long term capital 4) Mgt of short term assets & liabilities 5) Multiple corporate acct Relation of Finance to the Governing Board The finance system relates directly to the gov'...

Definition and Rule of Inurement - answer-- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - answer-Less than 50 days Definition of working capital - answer-Amount of cash requir...

Definition and Rule of Inurement Correct Answer: - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Correct Answer: Less than 50 days Definition of working capital Correct Answer...

Definition and Rule of Inurement - Answer- - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - Answer- Less than 50 days Definition of working capital - Answer- Amount of cash req...

FACHE - HC Finance Exam Questions and Answers.

FACHE - HC Finance questions and answers 100% verified. Definition and Rule of Inurement - correct answers.- Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? - correct answ...

FACHE - HC Finance | 86 Questions And Answers

Definition and Rule of Inurement Correct Answer: - Diversion of funds to persons in governance or mgt as a result of their position of trust - Directors, officers, trustees are prohibited from engaging in business that allows them to derive financial advantage from their governing board role (conflict of interest) What is a best practice (as far as how soon in days) in receiving payments from date of invoice? Correct Answer: Less than 50 days Definition of working capital Correct Answer...