AÖF Soru Bankası
İSL459U

Fınancıal Statement Analysıs (ENG)

2021–2022 Vize (Ara Sınav) Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    ABC Company presented the following comparative financial statements analysis table. Absolute Change 2018 2019 Change Sales 2,500,000 3,000,000 500,000 A? Cost of B? C? Sales 1,500,000 -50 % What are the missing values?
    • AA=20%, B=2,250,000, C=o750,000
    • BA=16,7%, B=750,000, C=-750,000
    • CA=20%, B=750,000, C=-750,000
    • DA=16,7%, B=2,250,000, C=-750,000
    • EA=20%, B=1,250,000, C=-250,000
  2. 2
    What do proportions mean in the evaluation of vertical income statement?
    • AThe proportion of the item to net profit
    • BThe proportion of the item to profit
    • CThe proportion of the item to gross sales
    • DThe proportion of the item to cost of sales
    • EThe proportion of the item to net sales
  3. 3
    Which of the following is correct for accounting analysis?
    • AIt is journalizing financial transactions, posting them to ledger and preparing trial balance.
    • BIt is made to attract decision makers so that they buy shares of the business.
    • CIt evaluates the ability of the accounting system to demonstrate the activities of a business entity.
    • Dof. D) It is made at the end of financial year.
    • EIt is made to maximize the net income.
  4. 4
    Type of Analysis Focus of analysis
    • AInvestment 1. Effectiveness / efficiency analysis
    • BManagement 2. Liquidity / solvency analysis
    • CCredit 3. Profitability / analysis sustainability / earning power In which of the following does the relationship between the types of analysis and the analysis focus given above is correctly presented? 10 A:2, B: 1 , C:3 A:3 , B: 1 ,C:2 A:3 , B:2 , C: 1
    • DA:2 , B:3, C:1
    • EA:1 , B:3 , C:2
  6. 5
    Which of the following is true for income statement?
    • AReports the financial performance for a time period.
    • BReports the financial performance as of a specific date.
    • CIt reports the ability to pay the debts of a business.
    • DIt reports the net income or loss which is the difference between assets and liabilities. E If the total of revenues and assets are higher than the total of expenses and
    • Eliabilites, than it reports a net income.
  7. 6
    Decision makers who use business information for different purposes often examine the results of financial analysis that will help them to make some evaluations. Which of the following is not one of those evaluations?
    • AEffectiveness of business activities
    • BCurrent profitability
    • CPast cash flows
    • DPotential profitability
    • ES Long-term solvency
  8. 7
    If a business reports $300,000 net loss and $100,000 cash inflow from operations (i.e. a positive figure), which of the following is not correct?
    • AThe difference between these amounts is because of usage of accrual basis in income statement preparation.
    • BThe cash inflow from operations is higher than the cash outflow for operations.
    • CIts expenses exceed its revenues.
    • DThe financial performance is not satisfactory.
    • EThe financial performance is positive because it generated cash inflow from operations.
  9. 8
    Which of the following is correct for analyzing financing activities?
    • ALong term liabilities are usually used in financing current assets.
    • BExternal financing usually requires an interest.
    • CCurrent liabilities are usually used in financing non-current assets.
    • DEquity financing does not affect ownership structure.
    • EFinancing activities are mainly related to purchasing inventories.
  11. 9
    Potential investors of ABC company analyzed the financial statements of the firm covering the years between 2015 and 2019. Which of the following shows the correct classification of the analysis according to prepares, purpose and scope?
    • AInternal / Management / Static
    • BExternal / Credit / Dynamic
    • CInternal / Credit / Dynamic
    • DExternal / Investment / Static
    • EExternal / Investment / Dynamic
  12. 10
    What are the two different ways to apply a horizontal analysis?
    • AComparative financial statement analysis / common size analysis
    • BTrend analysis / common size analysis
    • CTrend analysis / vertical analysis
    • DComparative financial statement analysis / trend analysis
    • EComparative financial statement analysis / vertical analysis
  13. 11
    Which of the following is correct for analyzing investment activities?
    • AThey indicate how efficiently the current assets of a business is used.
    • BThey indicate how efficiently the activities of a business is conducted.
    • CIt focuses on acquisitions and disposals of non-current asset.
    • DIt is related to financing the acquisition of non-current assets.
    • EIts main goal is to control the net working capital.
  14. 12
    In order to determine the proportions of the marketable securities in sub-total which item in the balance sheet must be selected as base?
    • ALong term liabilities
    • BCurrent assets
    • CCurrent liabilities
    • DFixed assets
    • ETotal assets
  16. 13
    In which statement you can find information for cash paid for fixed asset purchased by the company?
    • AIncome Statement
    • BBalance sheet
    • CStatement of financial position
    • DStatement of cash flows
    • EStatement of changes in equity
  17. 14
    In order to determine the proportions of the Intangible Fixed Assets in total which item in the balance sheet must be selected as base?
    • ALong term liabilities
    • BFixed assets
    • CCurrent assets
    • DCurrent liabilities
    • ETotal assets
  18. 15
    Which year should be selected as a base year in trend analysis?
    • AA year which is representative for operations
    • BPrevious year
    • CThe year the company founded
    • DThe most profitable year
    • ECurrent year
  19. 16
    Assume that a company has the following information for marketing expenses. Year Marketing Ex. (TL) 2015 500,000 2016 530,000 2017 480,000 2018 560,000 2019 610,000 If 2015 is base year in a trend analysis what would be the trend percentage for Marketing Expense in 2018? 12 B) 88 C) 100 D) 112 E) 130
  21. 17
    Which of the following is not one of the uses of the income statement?
    • AIt shows the profitability
    • BIt shows the annual results of the operations
    • CIt shows the financial sources
    • DIt summarizes revenues and expenses
    • EIt ends with the net income
  22. 18
    Which of the following is not amongst the steps of the evaluation of the asset and source composition of a company?
    • AThe evaluation of the management type of company
    • BThe evaluation of asset-liability relation
    • CThe evaluation of liability composition
    • Dlof. D) The evaluation of asset composition
    • EEvaluation of long-term liabilities and assets
  23. 19
    Which of the following is not one of the disadvantages of horizontal analysis?
    • AFailure to link the changes in separate statements
    • BHaving a non-representative year
    • CMisleading results due to cumulative information
    • DObserving growth patterns
    • EPossible consistency issues
  24. 20
    Which of the following is not one of the factors that limit the use of financial analysis?
    • AChanges in accounting standards
    • BChanges in technology
    • CInflation
    • DEarnings management
    • EUse of management's estimates
Şıkları ve doğru cevapları görFınancıal Statement Analysıs (ENG) dersinin tüm sınavları, cevap anahtarları, süreli mod ve yanlış analizi uygulamada.Uygulamada aç