Financial Accounting and Projections Quiz

Balance Sheet: Shows a company's assets, liabilities, and equity at a specific point in time.
Profit & Loss Account: Shows a company's revenue, expenses, and net profit or loss over a period of time.
Statement of Cash Flows: Shows the movement of cash into and out of a company over a period of time.
Financial Ratios: Used to analyze a company's financial performance and compare it to industry benchmarks.

Projected Balance Sheet, Profit & Loss Account, Statement of Cash Flows: Used to forecast a company's future financial performance.
BEP: Break-even point, the point at which a company's revenues equal its expenses.
Time Value of Money: The idea that money today is worth more than money in the future due to its earning potential.
NPV: Net present value, a measure of the profitability of an investment.
IRR: Internal rate of return, the discount rate that makes the NPV of an investment equal to zero.
DSCR: Debt service coverage ratio, a measure of a company's ability to repay its debt.
ICR: Interest coverage ratio, a measure of a company's ability to pay interest on its debt.
Sensitivity Analysis: Examines how changes in key variables affect the outcome of a financial projection.

ECBs: European Central Bank, the central bank of the eurozone.
Interest Rate Benchmarks: Used to determine interest rates for loans and other financial products.
Accounting Standards:
- Indian (Indian GAAP and IND AS): Set by the Institute of Chartered Accountants of India.
- Global: Set by the International Accounting Standards Board.
Equity & Bond Pricing: Determining the value of equity shares and bonds.
Derivatives (Swap, Options, Forwards, Futures): Used to manage financial risk by hedging against price fluctuations.
FC/INR Resource Raising: Raising funds in foreign currencies and converting them to Indian rupees.

Letters of Credit: A guarantee issued by a bank to a seller that payment will be made if certain conditions are met.
Bank Guarantees: A guarantee issued by a bank to a beneficiary that the obligor will fulfill its obligations.
Supplier's Credit & Buyer’s Credit: Types of financing offered to sellers or buyers in international trade.
UCPDC 600: The Uniform Customs and Practice for Documentary Credits, a set of international rules governing letters of credit.
URDG: The Uniform Rules for Demand Guarantees, a set of international rules governing demand guarantees.

CIBIL, CRILC, CFR: Credit information bureaus that provide creditworthiness data on individuals and companies.
FATF: Financial Action Task Force on Money Laundering, an intergovernmental organization that sets standards for combating money laundering and terrorist financing.
OFAC: Office of Foreign Assets Control, a US government agency that enforces economic sanctions against certain countries and individuals.
SDN: Specially Designated Nationals, individuals and entities that are subject to US sanctions.
AML/CFT: Anti-Money Laundering and Counter-Terrorist Financing, measures taken to prevent these illegal activities.
CEIB: Central Economic Intelligence Bureau, an Indian intelligence agency that investigates financial crimes.
FATCA: Foreign Account Tax Compliance Act, a US law that requires foreign financial institutions to report information on US account holders.

RBI Master Circulars: Guidelines issued by the Reserve Bank of India on various aspects of banking operations.
IRAC Norms: Income Recognition and Asset Classification norms, used to classify loans based on their repayment status.
SARFAESI: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, a law that allows banks to recover loans by taking possession of collateral.
IBC: Insolvency and Bankruptcy Code, a law that provides a framework for resolving corporate insolvencies.

Types of Risks: Credit risk, market risk, operational risk, liquidity risk, and others.
Evaluation and Mitigation of Risks: Assessing the likelihood and impact of risks, and developing strategies to mitigate them.
Basel III Norms: International banking regulations that aim to improve the banking sector's resilience to financial shocks.

India's International Trade & Services: Overview of India's export and import activities, including the main goods and services traded.
Top Export & Import Sectors: Identification of the most important exporting and importing industries in India.
Industry Analysis: Examination of the performance, trends, and challenges facing key industries in India.
Trade Agreements: Bilateral and multilateral trade agreements that India has entered into with other countries.

Reserve Bank of India (RBI): The central bank of India responsible for regulating and supervising the financial system.
SEBI: Securities and Exchange Board of India, responsible for regulating the securities market.
Export Credit Agencies: Government-backed agencies that provide financial support to exporters.
DFIs: Development Finance Institutions, institutions that provide financial assistance to development projects.
Banks (Public, Private & Foreign): Types of banks operating in India.
Financial SEZs: Special economic zones that attract foreign investment in the financial sector.

Direct and Indirect Taxation: Types of taxes levied on income and expenditure, respectively.
Key International Taxation Aspects: Taxation issues that arise in international transactions, such as double taxation.

Indian Contract Act: A body of law governing contracts in India.
Company Law (aspects related to AOA & MOA): Legal requirements governing the formation and operation of companies, including the articles of association and memorandum of association.
Security Creation: The legal process of creating security interests in assets.
Registration of Charges: The process of registering security interests with the relevant authorities.
FEMA: Foreign Exchange Management Act, a law that regulates foreign exchange transactions in India.
ODI Guidelines: Guidelines for overseas direct investment, regulating the flow of investment out of India.