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Financial Analysts, Using Modern Information Technology to Gather and Analyze

question 29

True/False

Financial analysts, using modern information technology to gather and analyze information about companies, competitors, the economy and even population trends, make predictions about future company profitability which form the basis of their buy, hold, or sell recommendations.


Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's financial records but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a company, but not yet recorded by its bank, typically at the end of a financial period.

Bank Service Charge

A bank service charge is a fee imposed by a bank on its customers for the provision of banking services such as account maintenance, transactions, and overdrafts.

Petty Cash Fund

A little sum of money reserved for immediate outlays on diverse small expenditures.

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