FC&ASC Control questions

МИНИСТЕРСТВО ОБРАЗОВАНИЯ И НАУКИ УКРАИНЫ ОДЕССКАЯ НАЦИОНАЛЬНАЯ МОРСКАЯ АКАДЕМИЯ

Кафедра морских перевозок

ФИНАНСОВЫЕ РАСЧЕТЫ В СУДОХОДНЫХ И АГЕНТСКИХ КОМПАНИЯХ

специальность 7.07010401 «Судовождение» Специализация «Морские перевозки, фрахтование и агентирование судов»

ПЕРЕЧЕНЬ ВОПРОСОВ ДЛЯ ПРОВЕДЕНИЯ ЛЕКЦИОННОГО МОДУЛЬНОГО КОНТРОЛЯ

Одесса 2014 г.

MINISTRY OF EDUCATION AND SCIENCE OF UKRAINE ODESSA NATIONAL MARITIME ACADEMY Department of sea transportation

FINANCIAL CALCULATIONS IN SHIPPING AND AGENCY COMPANIES

Speciality 7.07010401 «Navigation» Specialisation «Cargo transportation, chartering and agency service» Full-time study

LIST OF QUESTIONS FOR THE LECTORIAL MODULE CONTROL TEST

Odessa — 2014

Вопросы ЛМК №1 1.01 What is the difference between Finance and Money? 1.02 Bring out the importance of finance. 1.03 Give definitions of Money. Funds and Casflow. 1.04 Give definitions of Costs. Revenues and Profits. 1.05 How coud you classify finance by its attributuion? 1.06 How would you classify finance by sourcing? 1.07 Which financial institutions do you know? 1.08 What is business finance? Explain its significance. 1.09 What is corporate finance? Explain its difference from business finance 1.10 What is the difference between Partnership and Corporation? 1.11 What is the difference between a public and a private company? 1.12 Please enumerate the four fundamental principles of Finance. 1.13 State the objectives of finance. 1.14 What is Finance function? 1.15 Analyse the various approaches to finance. 1.16 Explain the scope of finance functions. 1.17 Where does money for individuals (personal finance) come from? 1.18 Please name the internal business finance sources. 1.19 Please name the external business finance sources. 1.20 What is a basic difference between long and short term financing? 3

1.21 Explain what long term sources of finance you know. 1.22 Explain what short term sources of finance you know. 1.23 What organic growth sources are available to business? 1.24 What is public funding? 1.25 What is financial management and its scope? 1.26 Please name the official goals of financial management. 1.27 Explain the concept of profit maximization. What are the pitfalls of such approach? 1.28 In what respect is the objective of wealth maximization superior to the profit maximization objective? 1.29 Please explain the operational level tasks in finance. 1.30 Explain the role of CFO and the Board of Directors in financial management.

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ЛМК №2 2.01 What is risk? Differentiate it from uncertainty. 2.02 What type of risks do you know? Which risks are present in finance? 2.03 How could you measure a risk? 2.04 Please explain relation between the risk and return and the concept of marginal utility 2.05 What is a balance sheet? Please specify the basic rule for its formation. 2.06 What is an asset? What types of assets do you know. 2.07 Please explain difference between the shipowner and the shipping company. 2.08 Please enumerate the factors influencing the residual value of a ship. 2.09 Please name cost factors specific to a shipping company. 2.10 What breakdown of costs is normally used for running ships? 2.11 Please explain concept of the economy of scale and costs-age ratio. 2.12 Please provide an OPEX breakdown. Explain the structure. 2.13 Please provide a breakdown for voyage costs of a ship. Explain the structure. 2.14 Please provide a breakdown for cargo handling costs of a ship. Explain the structure. 2.15 Please provide a breakdown for CAPEX of a ship. Explain the structure. 2.16 Please explain how would you calculate productivity of a ship? 2.17 Please explain the spot-rate freight formation with the help of a diagram. 2.18 What would be the cashflow differences for the owner chartering ship under a time charter or under a voyage charter 5

2.19 What is Time Charter Equivalent? How do you calculate it? 2.20 Please explain the principles of using BDI. How can it be used by the shipowner/agent? 2.21 Please explain the difference between HARPEX and SCFI. How can they be used by the shipowner/agent? 2.22 Please explain the principles of Worldscale Rate. How can it be used for estimating an offer? 2.23 Please explain how a shipping company can improve its financial performance. 2.24 What is P&L account? What is cashflow statement? Please explain the difference. 2.25 Please explain how business cycles affect the shipping company financial performance. 2.26 What types of business cycles do you know? What are the stages of a typical shipping cycle?

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