Accounting & Reporting Assessment Copy

1.) Net Asset Value is the overall valuation of the fund divided by the ___________.

2.) The investor must be able to learn from the _______ what their holdings are worth at any particular time.

3.) NAV calculation is one of the many activities conducted by _________, which is a middle-office function of an investment management firm.

4.) ____________only issue a finite number of shares.

5.) _________________is the system of record for holdings and transactions and is vital for recordkeeping of the clients’ financial assets.

6.) ____________________is an important aspect under the prevailing global economic and competitive business scenario.

7.) ___________________ is the process of determining the fair market value of an asset.

8.) The ____________ can be limited to specific issues or can take the form of a general opinion on whether the report under review is acceptable.

9.) In terms of market competition, asset values, and income values, a __________________provides the owner of a company with a variety of data and numbers about the company’s genuine worth or value.

10.) ___________ is an accounting method where revenue or expenses are recorded when a transaction occurs vs. when payment is received or made.