PFM Global Chapter 1

Which of the following is not a step in the synthesis and recommendation stage of financial management?

What is least likely to be a step in Collection step of Financial Management Process?

What is not true regarding Balance Sheet

Which is least likely to be an asset in broad categories of assets

Mr. R a financial advisor in his initial meeting with client which of the following will be the correct step to begin with

For getting the financial details of client which of the following documents should be referred?

With which of the following step should a financial planner begin the personal financial management process of his client?

Once the financial advisor has collected and analyzed all the qualitative and quantitative information about the client which step he should go for?

The focus of any financial management strategy will be on—

While talking about quantitative data collection of clients which of the following should be considered?

“—- provide a financial professional a reasonably complete picture of the client’s financial assets and liabilities.

Which of the following document provide information about the financial position of the client at a point of time?

Which of the following equation shows relationship between net worth asset liabilities?

Which of the following provide information about individual net worth?

Which of the following provide information about asset ownership loan arrangements pending events accounting procedures and more while reviewing financial statements.

Bank certificates and money market funds are included in which category of assets?

Cash values in a traditional (e.g. whole life) insurance policy is also often categorized as a —

Consider the case where a client has a fine art collection and has an intention to sell it after sometime at appreciated price than it is a —

Assets generally are represented on a net worth statement at their— value.

“—is the amount a willing buyer would pay a willing seller assuming both to be equally well informed

Financial transactions occurring between statement dates will cause net worth to

“—-calculates the present or discounted value of all future cash inflows after subtracting the initial (and any future) cash outflows.

The best way to determine the degree to which clients are (or are not) living within their financial means is to compare and evaluate updated information about their assets, liabilities and cash flow

That current intent is important because things can change, and the owner may eventually decide to sell. At that point, the item may shift in other asset categories

The liability entries list the debt service amount, not the debt amount