Fun quiz!

Test your financial knowledge in our fun quiz – no calculators required!

  1. What are the key differences between profit and cash?
  2. What is an accrual?
  3. What does ‘the bottom line’ mean?
  4. What is the difference between gross and net profit?
  5. How can a profitable business still go under?
  6. How would you calculate the net profit margin?
  7. What is working capital?
  8. Which categories balance on the balance sheet?
  9. What do the following acronyms mean:
    1. PBT
    2. EBITDA
    3. ROCE
  10. What is a fixed asset?
  11. What is the difference between capital expenditure (capex) and revenue/operational expenditure (opex)?
  12. What is depreciation?
  13. How would understanding the business financials help you in your role?

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Answers