PFM Global Chapter 6

In financial management function a professional need to consider the following:

Determining the issues relevant to client asset liabilities is involved in which step of financial management

Identifying conflicting demands on cash flow is part of which financial management step:

Prioritize action steps to assist the client in implementing financial management recommendations is done in which step of financial management:

Which of the following are the focal points of financial management?

Cash flow statement most likely identifies a person’s:

Which of the following statements is most likely correct?

Which of the following is least likely to be a disadvantage of working through the budgeting process?

Which of the following is most likely a disadvantage of working with a client through the personal budgeting process?

Which of the following is most likely a step in assessing the client’s situation in the analysis stage of the client relationship?

Which of the following statements is most likely correct?

Lender evaluates how much income is available for debt service when evaluating a potential borrower. This is known as evaluating a borrower’s:

Which of the following is an example of a step in the collection of client information stage of financial management?

Which of the following statements is not true with regards to bankruptcy?

The goal of strategic optimization is best described as:

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

Mr. J is filling a bankruptcy petition, on knowing this his friend ask him that will bankruptcy petition result in elimination of all debt after being approval by jurisdiction.

Lifestyle changes should often be a required part of the debt management process. True or false

ABC Ltd. is facing an serious downfall in business and is not in a position to pay off his debt, thus the company members and directors instead of eliminating debt completely they decided to pay off creditors lower amount either by extending the repayment term or forgiving a part of debt or lowering interest rate by creditor. Which process is referred here?