Back to basics: how to make the finance function a better business partner

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Why is the finance function in a unique position to support the business in becoming more competitive?

  2. Which of these is not an area in which the finance function can really support the business?

  3. Which of these is not a listed way in which accounting software can help management make the business more competitive?

  4. Which of these statements best describes the 'balanced scorecard' approach?

  5. Which of these is not a planned benefit of the balanced scorecard approach?

  6. Which of these statements best describes Six Sigma?

  7. Which of these is one of the key ways in which management reporting can be streamlined?

  8. Which of these statements describes most accurately why reporting too many KPIs is bad?

  9. What should finance functions beware of when they open up finance data to the rest of the business?

  10. Why is measurement so important as part of the Six Sigma process?