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Financial Analysis.d

Financial Analysis.d

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80 вопросов Вариант 1 Доступ 7 дней
Содержание теста

Вопросы и варианты

Без отметок и подсказок к правильным ответам

Вопрос 1

Finance management is …

  1. management of money
  2. management of finance
  3. cash flow monitoring
  4. cash flow assessment
Вопрос 2

Finance is a narrow subject

  1. false
  2. true
Вопрос 3

Which of this is not a financial statement?

  1. journal
  2. balance sheet
  3. income statement
  4. cash flow statement
Вопрос 4

Financial statement tells the health of business

  1. true
  2. false
Вопрос 5

Which of this is an evaluation of business activity?

  1. financial analysis
  2. financial statement
  3. auditing
  4. all of the above
Вопрос 6

Which book of account tell the assets and liability of nay business

  1. balance sheet
  2. journal
  3. petty cashbook
  4. cashflow statement
Вопрос 7

The process of analyzing financial statements involves the rearranging, comparing and measuring

  1. true
  2. false
Вопрос 8

The objective of financial analysis is

  1. operational efficiency
  2. know who to trust
  3. catch office criminal
  4. change leadership
Вопрос 9

Can it be true that financial analysis help with comparative study?

  1. true
  2. false
Вопрос 10

Which of this is not a limitation of financial analysis

  1. profit optimization
  2. lead to faulty conclusions
  3. monetary terms are not absolutely final and accurate
  4. the reliability of analysis depends on the accuracy of the figures
Вопрос 11

Which of this is not support types of Financial Analysis?

  1. According to productivity
  2. According to Nature of the Analyst
  3. According to Modus Operandi of Analysis
  4. According to The Objective of the Analysis
Вопрос 12

External analysis is made for those

  1. who do not have access to the detailed records of the company
  2. who the company doesn’t trust
  3. who the company wants to retrench
  4. all of the above
Вопрос 13

Internal analysis is for analyst who have access to the detailed records of the company

  1. true
  2. false
Вопрос 14

Long term analysis is all in the long term except …

  1. risk oriented
  2. stability oriented
  3. solvency oriented
  4. liquidity oriented
Вопрос 15

Short term analysis is to determine if a business have adequate funds readily available to meet its short-term requirements

  1. true
  2. false
Вопрос 16

When financial statements for a number of years are reviewed and analyzed, the analysis is called

  1. horizontal analysis
  2. vertical analysis
  3. straight analysis
  4. circular analysis
Вопрос 17

Vertical analysis is also called

  1. static analysis
  2. straight analysis
  3. circular analysis
  4. all of the above
Вопрос 18

… is frequently used for referring to ratios developed for one date or for one accounting period

  1. vertical analysis
  2. horizontal analysis
  3. straight analysis
  4. circular analysis
Вопрос 19

Business runs on estimates and budgets

  1. true
  2. false
Вопрос 20

Variance analysis can be summarized as

  1. an analysis of the difference between planned and actual numbers
  2. an analysis of the difference between profit and loss
  3. an analysis of the difference between assets and liability
  4. an analysis of the difference between income and revenue
Вопрос 21

IFRS means

  1. International Financial Reporting Standards
  2. International Financial Financing Standards
  3. International Financial Reporting Stipulations
  4. all of the above
Вопрос 22

GAAP means

  1. generally accepted accounting principles
  2. generally accounting accepted principles
  3. generally accounting accepted process
  4. generally accounting accounts principles
Вопрос 23

What is a primary source of data?

  1. a company’s annual report, including the financial statements and notes, and management commentary
  2. a company profit report
  3. a company’s balance sheet ratio analysis
  4. all of the above
Вопрос 24

A secondary source of data can be any source of data aside company’s annual report, including the financial statements and notes, and management commentary

  1. true
  2. false
Вопрос 25

What does ratio provide of underlying conditions?

  1. profit and strategy
  2. clues
  3. symptoms
  4. indicators
Вопрос 26

What is the core part of ratio analysis?

  1. interpretation of ratios forms
  2. calculating the ratio
  3. summarising the ratio
  4. sorting the ratio formulas
Вопрос 27

Accounting rations are ratios related to

  1. accounting books of account
  2. balance sheet only
  3. profit and loss statement only
  4. cash flow statement only
Вопрос 28

Which of this is not a user of ratio analysis?

  1. business end user
  2. management
  3. auditors
  4. investors
Вопрос 29

Government use ratio analysis for

  1. regulatory purpose
  2. health check
  3. criminal activity
  4. change of leadership
Вопрос 30

ROI means

  1. Return on Investment
  2. Return on Internal investigation
  3. Return on Investigation
  4. Return on Internal Memo
Вопрос 31

Which of this ratio is not according to the Statement Upon Which they are Based

  1. profit ratio
  2. balance sheet ratios
  3. operating ratios or profit and loss ratios
  4. combined ratios
Вопрос 32

Which ratios express the relationship between two items

  1. combined ratios
  2. profit ratio
  3. balance sheet ratios
  4. operating ratios or profit and loss ratios
Вопрос 33

which deal with relationship between two items appearing in the balance sheet

  1. balance sheet ratios
  2. profit ratio
  3. operating ratios or profit and loss ratios
  4. combined ratios
Вопрос 34

Which ratios express the relationship between two individual or group of items appearing in the income or profit and loss statement

  1. operating ratios or profit and loss ratios
  2. balance sheet ratios
  3. profit ratio
  4. combined ratios
Вопрос 35

The ratio of profit to capital employed is termed as

  1. primary ratio
  2. ratio primary
  3. ratio importance
  4. none of the above
Вопрос 36

Ratios that help to analyze the factors affecting Primary Ratio

  1. secondary ratios
  2. balance sheet ratios
  3. profit ratio
  4. combined ratios
Вопрос 37

Ratios which analyze and explain the factors responsible for the size of profit earned are called

  1. explanatory ratios
  2. situational ratios
  3. profit ratio
  4. combined ratios
Вопрос 38

… is a key metric used to measure an enterprise’s ability to meet its debt obligations and is used often by prospective business lenders.

  1. the solvency ratio
  2. profit ratio
  3. secondary ratios
  4. balance sheet ratios
Вопрос 39

… is a type of financial metric that indicates how efficiently a company is leveraging the assets on its balance sheet, to generate revenues and cash.

  1. activity ratio
  2. profit ratio
  3. secondary ratios
  4. balance sheet ratios
Вопрос 40

Activity ratios are most useful when employed to compare two competing businesses within the same industry to determine how a particular company stacks up amongst its peers.

  1. true
  2. false
Вопрос 41

This ratio is that determines general profitability since it is expected that the ratio would be quite high so as to cover not only the remaining costs but also to allow proper returns to owners is called …

  1. gross profit ratio
  2. profit ratio
  3. accounting ratio
  4. secondary ratio
Вопрос 42

… indicates the net margin earned in a sale of `100

  1. net profit ratio
  2. profit ratio
  3. accounting ratio
  4. secondary ratio
Вопрос 43

Materials used, labor, factory overheads, and office and selling expenses are all part of which ratio

  1. operational ratio
  2. profit ratio
  3. accounting ratio
  4. secondary ratio
Вопрос 44

Profitability ratios give some yardstick to measure the profit in relative terms with reference to sales, assets or capital employed.

  1. always true
  2. false
  3. maybe
  4. not sure
Вопрос 45

Ratios that are calculated to judge the financial position of the organization from short-term as well as long-term solvency point of view are called

  1. solvency ratio
  2. profit ratio
  3. accounting ratio
  4. secondary ratio
Вопрос 46

Current ratio also known as the working capital ratio

  1. true
  2. false
Вопрос 47

Current assets are …

  1. those assets which can be converted into cash in the short-run or within one year
  2. those assets which can be converted into cash in the short-run or within ten years
  3. those assets which can be converted into cash in the short-run or within twenty year
  4. those assets which can be converted into cash
Вопрос 48

Acid Test Ratio are

  1. quick ratio
  2. profit ratio
  3. accounting ratio
  4. secondary ratio
Вопрос 49

Limitations of Ratio Analysis in all except

  1. simplicity
  2. ratio analysis is a widely used technique to evaluate the financial position and performance of a business
  3. ratios are worked out on the basis of money-values only
  4. historical values (specially in balance sheet ratios) are considered in working out the various ratios
Вопрос 50

The ratio that indicates the number of times fixed assets are being turned over in a stated period is called …

  1. Fixed Assets Turnover Ratio
  2. Working Capital Turnover Ratio
  3. Inventory Turnover Ratio
  4. Debtors Turnover Ratio
Вопрос 51

The language for business is

  1. accounting
  2. economics
  3. financial analysis
  4. commerce
Вопрос 52

User of accounting information includes all except

  1. students
  2. the firm’s officers (managers and employees)
  3. investors (current and potential shareholders)
  4. lenders (banks)
Вопрос 53

Why Is Accounting Important?

  1. Recruitment decisions
  2. Making Corporate Decisions
  3. Making Investment Decisions
  4. Accounting Facilitates Corporate and Investment Decisions
Вопрос 54

Which of this is not a GAAP guideline

  1. principle of reporting
  2. principle of regularity
  3. principle of consistency
  4. principle of sincerity
Вопрос 55

GAAP terminology was first used by the American Institute of Accountants (AIA) in …

  1. 1936
  2. 1963
  3. 1836
  4. 1863
Вопрос 56

FAF Is an acronym for

  1. Financial Accounting Foundation
  2. Financial Accountability Foundation
  3. Financial Analysis Accounting Foundation
  4. Financial Accounting Funding
Вопрос 57

FAF was formed in

  1. 1972
  2. 1872
  3. 1927
  4. 2002
Вопрос 58

FAF oversees FASB. FASB is an acronym for

  1. Financial Accounting Standards Board
  2. Financial Accounting Station Board
  3. Financial Accountability Standards Board
  4. First Accounting Standards Board
Вопрос 59

SFAS is an acronym for

  1. Statements of Financial Accounting Standards
  2. Statements of Financial Accounting Strategies
  3. Statements of Financial Analysis Standards
  4. Statements of Financial Analysis Strategies
Вопрос 60

FASB mission is …

  1. to establish and improve financial accounting and reporting standards
  2. to help business strategize for profit
  3. to help business position for expansion
  4. all of the above
Вопрос 61

«GAAP») consists of three important sets of rules: (1) the basic accounting principles and guidelines, (2) the detailed rules and standards issued by FASB and its predecessor the Accounting Principles Board (APB), and (3) the generally accepted industry practices.

  1. true
  2. false
Вопрос 62

APB was the entity replaced by … 1973

  1. Financial Accounting Standards Board (FASB)
  2. GAAP
  3. FAF
  4. SEC
Вопрос 63

GAAP has a reputation to standardize accounting practice across the world.

  1. true
  2. false
Вопрос 64

Basic Accounting Principles are

  1. Economic Entity Assumption & Monetary Unit Assumption
  2. economic and accounting assumption
  3. economic principles only
  4. financial principles
Вопрос 65

The principles that stipulate that Economic activity is measured in U.S. dollars, and only transactions that can be expressed in U.S. dollars are recorded.

  1. Monetary Unit Assumption
  2. Economic Entity Assumption
  3. financial principles
  4. none of the above
Вопрос 66

… principles assumes that it is possible to report the complex and ongoing activities of a business in relatively short, distinct time intervals.

  1. Time Period Assumption
  2. Monetary Unit Assumption
  3. Economic Entity Assumption
  4. above
Вопрос 67

… principle assumes that a company will continue to exist long enough to carry out its objectives

  1. Going Concern Principle
  2. Time Period Assumption
  3. Monetary Unit Assumption
  4. Economic Entity Assumption
Вопрос 68

… principles proffers that information should be disclosed within the statement or in the notes to the statement

  1. Full Disclosure Principle
  2. Time Period Assumption
  3. Monetary Unit Assumption
  4. Economic Entity Assumption
Вопрос 69

… principle requires companies to use the accrual basis of accounting.

  1. Matching Principle
  2. Full Disclosure Principle
  3. Time Period Assumption
  4. Monetary Unit Assumption
Вопрос 70

Which principle helps the accountant to break a tie.

  1. Conservatism
  2. Matching Principle
  3. Full Disclosure Principle
  4. Time Period Assumption
Вопрос 71

Which of this is phase or stage in financial statement analysis framework?

  1. need analysis
  2. establish objectives
  3. collect data
  4. process the data
Вопрос 72

… on processed data and interpret the results

  1. conduct analysis
  2. establish objectives
  3. collect data
  4. process the data
Вопрос 73

… in the light of inferences drawn from analysis conducted and report/communicate them to relevant personnel.

  1. develop recommendations
  2. conduct analysis
  3. establish objectives
  4. collect data
Вопрос 74

Task in processing data in financial analysis includes all except

  1. literature review
  2. simple charts and flow charts
  3. performing statistical analysis for example correlation evaluation to understand how two variables are behaving to observe if they are independent or interdependent
  4. trend and time-series analysis
Вопрос 75

… is a means for measuring a company’s financial performance

  1. Interpreting the Income Statement
  2. Interpreting the Balance Sheet
  3. Interpreting the Cash Flow Statement
  4. all of the above
Вопрос 76

… discloses how a company raised money and how it spent those funds during a given period

  1. Interpreting the Cash Flow Statement
  2. Interpreting the Income Statement
  3. Interpreting the Balance Sheet
  4. all of the above
Вопрос 77

… allows you to calculate several financial ratios that measure company performance.

  1. Interpreting the Balance Sheet
  2. Interpreting the Cash Flow Statement
  3. Interpreting the Income Statement
  4. all of the above
Вопрос 78

Which of this is not the reason why, financial analysis information communication?

  1. customer loyalty
  2. Help Management Make Good Decisions
  3. Show Investors How the Business is Doing
  4. strategic development
Вопрос 79

Financial analysis must be timely

  1. true
  2. false
Вопрос 80

Budget monitoring includes all except

  1. cash flow statement preparation
  2. documentation of financial statement
  3. distribution of financial statement
  4. discussion of financial statement