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İSL459U

Fınancıal Statement Analysıs (ENG)

2022–2023 Vize (Ara Sınav) Çıkmış Soruları

  • 20 soru
  • Soru metinleri açık; şıklar ve cevap anahtarı uygulamada
  1. 1
    Which of the following is not one of the uses of the income statement?
    • AIt summarizes revenues and expenses
    • BIt shows the annual results of the operations
    • CIt shows the financial sources
    • DIt ends with the net income
    • EIt shows the profitability
  2. 2
    Which of the following is the main advantage of vertical analysis against other analysis techniques?
    • AThe proportion of each income statement item can be calculated to total balance sheet amount and/or to the total of its subgroup.
    • BThe proportion of each balance sheet item can be calculated to total balance sheet amount and/or to the total of its subgroup.
    • CIt may be possible to make meaningful comparisons of the numeric values and/or changes in the financial statements of the companies operating in the same sector.
    • DBy stating the items in the balance sheet as the numeric values, it becomes possible to make comparisons.
    • EThe percentage change in assets is lof. calculated and it becomes possible to make comparisons.
  3. 3
    Which of the following conclusions cannot be drawn for a business entity that reports a net loss?
    • AIts cash flow from operations is a negative amount.
    • BThe net loss decreases its owner's equity.
    • CIts financial performance is negative.
    • DThe related time period is unsuccessful for the entity.
    • EIts expenses exceed its revenues.
  4. 4
    Which of the following is true for income statement?
    • AReports the financial performance as of a specific date.
    • BIf the total of revenues and assets are higher than the total of expenses and liabilites, than it reports a net income.
    • CIt reports the ability to pay the debts of a business.
    • DReports the financial performance for a time period.
    • EIt reports the net income or loss which is the difference between assets and liabilities.
  6. 5
    Which of the following is not an advantage of horizontal analysis?
    • AHorizontal analysis is useful financial analysis tool in terms of showing changes on account (item) basis.
    • BHorizontal analysis is easy to observe the growth patterns while evaluating the results.
    • CHorizontal analysis allows businesses to compare their financial data with other businesses financials or industry averages.
    • DApplying horizontal analysis is simple.
    • ETrend analysis is the possibility that cumulative information over the years may cause misleading results.
  7. 6
    Which year should be selected as a base year in trend analysis?
    • AThe year the company was founded
    • BCurrent year
    • CA year which is representative for operations
    • DThe most profitable year
    • EPrevious year
  8. 7
    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 of Marketing Expense in 2017?
    • A-96
    • B-4
    • C4
    • D96
    • E104
  9. 8
    The difference between total current assets and total current liabilities is-----_ Which of the following correctly completes the space left blank in the sentence above?
    • Anet liabilities
    • Bnet working capital
    • Cnet assets
    • Dtrade working capital
    • Ebusiness working capital
  11. 9
    In order to determine the proportions of the marketable securities in total which item in the balance sheet must be selected as base?
    • ACurrent liabilities
    • BCurrent assets
    • CTotal assets
    • DFixed assets
    • ENon current liabilities
  12. 10
    Which of the following is a type of financing does not require interest?
    • AOvner's Equity
    • BCurrent Liabilities
    • CBonds
    • DBank Loans
    • ENon-current Liabilities
  13. 11
    What is compared in comparative analysis technique?
    • AOnly the two-year balance sheet is compared with the two-year balance sheet of other enterprises.
    • BThe annual balance sheet and the biennial income statement are compared over the years.
    • CThe two-year balance sheet and the two-year income statement are compared with each other.
    • DChanges in balance sheet items or income statement items are compared over the years.
    • EThe annual balance sheets and income statements of the two enterprises are compared.
  14. 12
    What information can be found on a balance sheet?
    • AThe profitability for the accounting period.
    • BThe reasons for changes in the cash account.
    • CInformation to support that assets equal liabilities.
    • DThe revenue or expense for a particular date.
    • EThe financial position on a particular date; i.e. assets, liabilities and shareholders' equity.
  16. 13
    Type of Analysis Focus of analysis
    • AInvestment 1. Effectiveness / efficiency analysis
    • BManagement 2. Liquidity / solvency analysıs
    • 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? aof.sorula A:3 , B:2, C: 1 A:2, B:3, C: 1 A:3 , B: 1 ,C:2
    • DA:1 , B:3 , C:2
    • EA:2, B: 1 , C:3
  17. 14
    According to the interpretation of the balance sheet produced by the vertical analysis; "If the proportion of the asset item, together with the other relevant items), is adequate -_, it is accepted as adequate. If the proportion of the liability item has the capacity to be paid, it is accepted -___" Which of the following correctly completes the space left blank in the sentence above?
    • Ato cover the payment expenses, as inadequate
    • Bto cover the payment la obligations, as adequate
    • Cto cover the payment capital, as inadequate
    • Dto cover the payment of dividends, as insufficient
    • Eto cover the payment of purchases, as adequate
  18. 15
    Which of the following is correct for financial accounting?
    • AIt records, classifies, summarizes and reports financial information to the interested parties.
    • BIts main focus is internal users of financial information.
    • CThe main output of financial accounting is confidential.
    • DIt is the same with the cost accounting system.
    • EIt focuses on unit cost calculation, cost planning, and cost control.
  19. 16
    In the industrial sectors, as the production process necessitates investment to fixed assets such as machinery and equipment, which of the following items generally dominate the balance sheet? A) The current liabilities C) The current assets B) The short term assets . D) The liquid assets E) The noncurrent assets
  21. 17
    Which of the following statement correctly describes comparative analysis?
    • AIt compares the changes in financial items of two or more years.
    • BIt compares the amounts contained on an Income Statement with a Balance Sheet.
    • CIt compares the items found on an Income Statement to one another.
    • DIt compares one organization's financial information to the same financial information in another organization.
    • EIt compares the items found on an Income Statement to Cash Flow Statement.
  22. 18
    Which of the following is an element of the income statement?
    • ABuilding
    • BGross profit
    • CCash
    • DEquity
    • EInventory
  23. 19
    Which of the following is not amongst the sections of a balance sheet?
    • AAssets
    • BLiabilities
    • CCurrent assets
    • DOperating Income
    • EShareholders' equity
  24. 20
    What financial information does liquidity relate to?
    • AOperating expenses
    • BEquity
    • CCash flow from investments
    • DNon-current asset .net
    • EWorking capital
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