ICIR sample exam

The International Certificate in Investor Relations (ICIR) is the Investor Relations Society's qualification for IR professionals, recognised as an industry benchmark in the UK and internationally. Take our sample exam today and test out your IR knowledge.

A best practice Strategic Report in a company's annual report should have which of the following characteristics?

a. Be expansive.
b. Be entirely separate from the rest of the Annual Report.
c. Be solely backward-looking.
d. Be primarily financial in nature.

All of the above
None of the above
a, b & d
c & d

A company balance sheet is made up of property, plant and equipment £300, current assets £100, current liabilities £150, long term loans £25, shareholders funds £225. Which one of the following is the correct figure for capital employed?

£400
£550
£225
£250

A company has not formally reported on any of the following pieces of information. Which of them can nonetheless be discussed in an investor meeting?

Half year results.
Financial forecasts.
Industry growth expectations.
Profits from material operating unit.

A company is deciding whether to invest in Project A, which has a NPV of £5,000 or Project B, which has a NPV of £10,000. What should it do?

Invest in Project A.
As well as the NPV, the company should consider the risks involved in each project and their fit with the company's strategy before deciding.
Invest in Project B.
If both projects have a similar risk profile, the company should choose Project A.

A company needs to make an announcement but the RIS is closed. What should they do?

Wait until the RIS re-opens before making the announcement.
Send the announcement to every national newspaper.
Follow whatever procedure their stock exchange regulator has designated.
Post the announcement on the company's website.

Normal requirements are that a company’s memorandum can by changed by:

An ordinary resolution
An extra-ordinary resolution
A special resolution
It is not possible to amend or update a company's memorandum

A derivative is:

A price derived from the bid/offer spread.
A financial instrument to manage risk.
An indirect shareholding in a company.
Market sensitive information derived from insider information.

A functioning financial system is usually seen to rely on which of the following?

a. Confidence in the ability of banks to provide credit.
b. Confidence in the ability of companies to declare dividends.
c. Confidence in the independence of the audit profession.
d. Confidence in the ability of debtors to pay.

b, c & d
a & c
a & d
All of the above

A good IR programme can be helpful as:

a. A way of increasing the share price.
b. A substitute for good management.
c. A short term defence against predatory activity.
d. A short term activity that can be turned on and off.

a & c
c only
All of the above
None of the above

A short seller is a:

Seller of a small amount of stock.
Seller of stock which they do not own.
Seller of a partial holding of stock.
Seller of stock in a company with a market capitalisation of less than £100,000.

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The Investor Relations SocietyInternational Certificate in Investor Relations (ICIR)

A best practice Strategic Report in a company's annual report should have which of the following characteristics? a. Be expansive. b. Be entirely separate from the rest of the Annual Report. c. Be solely backward-looking. d. Be primarily financial in nature.