Corporate Finance and Controllers Quiz | Engage

Corporate Finance Quiz

Read each multiple-choice question and select the best answer.

Question 1

What is digital transformation for accounting and finance?

Elevate the role accounting / finance play to drive business decisions at speed

Leverage technology to automate processes

Leverage technology to minimize the need for human workforce to run accounting and finance

Question 2

Which of the following may be a reason not to pursue an improvement in forecast accuracy?

The value of improved forecast accuracy is limited if external factors, such as volatility in market pricing, remain highly unpredictable.

Improving forecast accuracy may require more frequent updates, which can increase the time, effort, and investment needed which potentially reduces the overall ROI.

More accurate forecasts eliminate the need for contingency planning, allowing finance teams to focus on a single forecast scenario.

Question 3

The next generation of leaders can be identified by their:

Level in the organization

Exemplary followership

Educational pedigree or published articles