Question

1) When writing an executive financial memo, the staff has the right to make up their own assumptions.

True           or         False

2) It is not important when adding exhibits to a financial memo to have alignment on all exhibits.

True           or         False

3) The roots of the Asian currency crisis extended from a fundamental change in the economics of the region, the transition of many Asian nations from being net importers to net exporters.             

True           or         False

Answer 1

1). False

The staff cannot make up their own assumptions. They has to follow GAAP & IFRS or any other standards as may be prescribed while writing and reporting an executive financial memo.

2). False

It is an important while adding exhibits to a financial memo to have alignment on all exhibits. Amd there's guidelines has also been prescribed by the concerned department.

3). True.

Aftet the Asian currency crisis many Asian nations (like china, japan, india) from being net importers to now net exporters.