You are in the final stage of the selection process for the job of assistant financial analyst at the Antipodes Mineral Resources Company (AMR). This involves a test of your understanding of basic financial concepts. You are given the following memo and asked to respond to the questions. Whether or not you are offered a position at the company will depend on the quality of your responses.
To:- Applicants for the position of assistant financial analyst
From:- K.Abbott Gill, CFO, Antipodes Mineral Resources Company
Re:- A test of your understanding of basic financial concepts
Please respond in writing to the following question:-
1) What types of investment projects would you expect to find in a minerals company ?
2) You will be working in the CFOs office if you obtain this job. What activities do you expect are undertaken in this office
3) AMR is a public company, listed on the stock exchange. How does this fact have a bearing on the goal we should bear in mind when managing our finances?
4) Does or should AMR have any other accountabilities apart from responsibilities to the firm’s owners?