Wgu d076 exam/ wgu d076
financial skills for manager
latest exam 2024-2025
actual 350 questions and
correct detailed answers
(verified answers)|
graded a+
what is the difference between finance and accounting-
ANSWER-The easiest way to describe these differences is that
finance is forward-looking, or focuses primarily on the future,
while accounting is generally backward-looking and focuses on
the past.
There are three primary areas in the world of finance:-
ANSWER-Business finance
Investments
Financial institutions
This area involves deciding which assets to invest in to create
wealth in the future.-ANSWER-Investment
The process of valuing assets-ANSWER-ASSETS PRICING
What someone would pay right now for an asset.-ANSWERcurrent
market value
is an area of finance that involves organizations that accept
deposits, offer investment products, loan money, or broker
financial transactions.-ANSWER-Financial institutions
Which area of finance deals with sources of funding and the
capital structure of corporations and seeks to increase the value
of a firm to its owners?-ANSWER-Business finance
What is the primary difference between finance and
accounting?-ANSWER-Finance focuses on the future, while
accounting is generally backward-looking.
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