Financial Decision Making Practice Exam

About Financial Decision Making
Financial decision is a process which is responsible for all the decisions related with liabilities and stockholder's equity of the company as well as the issuance of bonds. Establish your financial goals: Setting the goals you want to achieve and the risk that you would be able to suffer.

The types of financial decisions can classified under:-
•    Long-Term Finance Decisions
•    Short-Term Finance Decisions.

There are four main financial decisions:-
•    Capital Budgeting or Long term Investment Decision
•    Capital Structure or Financing Decision
•    Dividend Decision
•    Working Capital Management Decision.

Why is Financial Decision Making important?
Sound financial management leads to increased visibility within the operations, and it supports understanding of the numbers at each level in the business or institute. The advantages of financial management make sure there is investor confidence. Investors are usually keen to look for signs of security within business operations. Effective financial management allows for the correct balance between risk and profit maximization.

Financial management also endorses better decision making. When the relevant facts are easily accessible because of digitization and organization, it becomes easier to derive solutions based on the circumstances of the situation.

As an incredible benefit, financial management assists with taxation. Taxes have often been frowned upon as one of the limitations of financial system. There are tax loopholes and exceptions for enterprises and institutes which can be taken advantage of if the terms are satisfied. For example, a business can claim tax deductions based on their quantity of office space.

Who should take the Financial Decision Making Exam?
•    Finance professionals
•    Entrepreneurs
•    Innovators
•    Anyone who wants to assess their finance skills
•    Finance managers and senior executives
•    Financial consultants
•    Professionals working in outsourced companies responsible for finance
•    Any professional with skills and knowledge on finance
•    Anyone interested in finance
•    Students

Knowledge and Skills required for the Financial Decision Making

Candidates gain quick success if they have skills of critical thinking and good communication skills.

Financial Decision Making Practice Exam Objectives

Financial Decision Making exam focuses on assessing your skills and knowledge in financial decision making

Financial Decision Making Practice Exam Pre-requisite

There are no prerequisites for the Financial Decision Making exam. Candidates who are well versed  in finance or accounting can easily clear the exam.

Financial Decision Making Certification Course Outline

1. Mind-set and Financial Priorities
2. Making Financial Decisions
3. Preparing and Presenting a Business Case
4. Managing Risk


Exam Format and Information
Certification name – Financial Decision Making Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199