We provide all important questions and answers for all Exam. The correct answer is “debited” (option 1). Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. Which one of the following is not an external user of accounting information? The WACC formula is = (E/V x Re) + ((D/V x Rd) x (1-T)). Fixed liabilities, C. It is because of the phobia for the calculations involved in this subject that students prefer Art classes where there are lesser calculation subjects and also most courses in the university for students in art classes do not require mathematics as a compulsory requirements and the few who manage to go for it prefer searching for any Financial Accounting exam past question and answer booklet and cramming the questions and answers instead of studying the required text books to understand the subject better. The item cost $400. For more, check out CFI’s complete guide to financial modelingFree Financial Modeling GuideThis financial modeling guide covers Excel tips and best practices on assumptions, drivers, forecasting, linking the three statements, DCF analysis, more. 5. In accounting, the terms "sales" and "revenue" can be, and often are, used interchangeably, to mean the same thing. A list of account names used in general ledger of an organization is known as: Your answer is incorrect. Formula, examples. In accounting, the terms "sales" and "revenue" can be, and often are, used interchangeably, to mean the same thing. This is a rare opportunity you should take advantage of, please share this post to friends who might be in need of this study material. Which one of the following is a withdrawal account? Introduction to financial accounting. How to become a financial analyst. Accounts payables are expected to be paid off within a year’s time, or within one operating cycle (whichever is longer). Which of the following normally have a debit balance? For many businesses, PP&E is the main capital asset that generates revenue, profitability, and cash flow. NPV analysis is a form of intrinsic valuation and is used extensively across finance and accounting for determining the value of a business, investment security, of cash flows. You must sign in or sign up to start the quiz. This guide takes you through all the steps in the M&A process. Please note that the solution sheet on the next page only shows the solutions and not whether you got each of the questions right or wrong. A firm's capital structure, A Tax Shield is an allowable deduction from taxable income that results in a reduction of taxes owed. Your answer is incorrect. Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari, Certified Banking & Credit Analyst (CBCA)™, Capital Markets & Securities Analyst (CMSA)™, Financial planning & analysis (FP&A) interviews, Financial Modeling and Valuation Analyst (FMVA)®, Financial Modeling & Valuation Analyst (FMVA)®. outlines the company’s revenuesSales RevenueSales revenue is the income received by a company from its sales of goods or the provision of services. Negative working capital is a sign of efficiency in businesses with low inventory and accounts receivable. Explanations, Exercises, Problems and Calculators, Introduction to financial accounting (quizzes), Chapter: Introduction to financial accounting, Quiz Type: Multiple choice questions (MCQs) quiz, Approximate Time Required: 10 – 15 minutes. Behavioral interview questions are very common for finance jobs, and yet applicants are often under-prepared for them. Your answer is incorrect. 1 year or less) are known as, The debts which are to be repaid within a short period (year or less) are known as. This typically means having points 1, 2, and 3, for example. We’ve also published numerous other types of interview guides. A. By knowing all three of these definitions you can provide a very thorough answer. Intangible assets, D. Sales revenue is the income received by a company from its sales of goods or the provision of services. All answers here are correct, you can as well make references to your Financial Accounting text books should you have doubts as regards any of the answers. For anyone with an interview for an analyst position in the credit department of a bank, this is a guide to ace it! Part IV) What is the impact on the company’s valuationValuation MethodsWhen valuing a company as a going concern there are three main valuation methods used: DCF analysis, comparable companies, and precedent? Good Excel models also make it easy for users to understand how inputs are translated into outputs. Depreciation expense is used in accounting to allocate the cost of a tangible asset over its useful life. The type and number of accounts to be listed in a chart of accounts depends on: Which one of the following is not a real account? (c) John: N20 Dr, Cash: N20 Cr. Learn more about the cost of debtCost of DebtThe cost of debt is the return that a company provides to its debtholders and creditors. please add some more mcq’s on Depreciation, BRS and Financial statements. Inventory write-down should be treated as an expense, which will reduce net income. The Working Capital Cycle for a business is the length of time it takes to convert the total net working capital (current assets less current liabilities) into cash. Who is known as the father of accounting? This guide, Ace your next interview! Net asset liquidation or net asset dissolution is the process by which a business sells off its assets and ceases operations thereafter. 12%). AP is considered one of the most liquid forms of current liabilities. Specimen papers are only to show what the format is and so usually contain previous real exam papers. The WACC formula is = (E/V x Re) + ((D/V x Rd) x (1-T)). ANS: D, 24) Which of the following is not a real account?
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