Q ACC 340 Final Exam Essay questions Answers should be at least three paragraphs long. 1. Discuss at length at least four things you could do to help shorten the close process as a new controller. 2. Name at least two documents a public company would be required to file under the SEC. How often must they be file? Describe what they are and what information they would provide to the public. 3. Discuss at least two methods the controller can use to reduce costs. Discuss the pros and cons to each. 4. The Brock Company has decided to replace some equipment and needs 2 million dollars to do this. Discuss in detail several options the company could use to acquire this equipment and include several options of financing this equipment. 5. Company X has been in operation for 7 years, and a public company for 5 years. They have yet to offer a dividend to their shareholders. What are some possible reasons they haven’t offered a dividend yet? If they do decide to offer a dividend, what positive and negative impact might this have on the company? Short answer questions 1. What are liquidity measures? 2. What are ratios used to measure a company’s ability to make its debt payments called? 3. Name two items that should be included in an RFP for a financial systems implementation. 4. Label the following as temporary or permanent tax differences: Meals Accruals Entertainment Prepaids Penalties 5. What is a loan covenant?