1|Page
CFI CBCA FINAL EXAM STUDY GUIDE| COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS| LATEST UPDATE
True - ANSWER=One way to avoid a learning plateau is to inform
students that they are normal before they happen
Where would 'accounts payable' most likely appear on a set of financial
statements? - ANSWER=On the balance sheet under 'current liabilities'
Which is not a type of note found in a set of financial statements? -
ANSWER=Significant internal controls
What is the correct syntax for the =YEARFRAC function? -
ANSWER==YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated debt? -
ANSWER=Revolver
Which of the following is not a function of public accounting firms? -
ANSWER=Due diligence
Which ratio would you use to determine the profitability of the goods
sold by a company? - ANSWER=Gross Profit Margin
,2|Page
Horizontal analysis allows us to analyze performance over: -
ANSWER=Time
If a company wanted to finance the purchase of equipment without
diluting shareholders equity, which of the following operation could it
consider? - ANSWER=Issuing convertible bonds
When calculating the quick ratio or "acid test" which current asset or
liability is omitted? - ANSWER=Inventory
What does "restricted" for a foreign pilot mean? - ANSWER=Their
license in the U.S. depends on their standing with their home country
Who can qualify for Basic Med? - ANSWER=Hold a valid U.S. driver's
license and have held a medical after July 14, 2006
How does pressure affect the earth? - ANSWER=Pressure causes wind
as the earth tries to establish equilibrium
What steers storms? - ANSWER=Wind
How long must you keep endorsements of students? - ANSWER=3 years
How long must you keep TSA documents of students - ANSWER=5 years
,3|Page
What is important to check about digital endorsements? -
ANSWER=That they are up to date
When do VFR charts expire? - ANSWER=56 days
What year were AFM's required after? - ANSWER=March 1st 1979
What is the main difference between an AFM and POH - ANSWER=The
AFM has equipment schedule
What are control surfaces like in relationship with air? - ANSWER=A
lever, leverage creates the boundaries of C.G. limits, depending on
travel of the control surfaces
What needs to be in a students file folder? - ANSWER=All documents
pertaining to their training and proof of citizenship
What is allowed for proof of citizenship? - ANSWER=Passport, and birth
certificate/U.S. citizenship + government photo ID
, 4|Page
How does someone from a foreign country get a TSA endorsement, is it
paper or digital? - ANSWER=Digital, have to submit documentation,
fingerprinting, and background check
How long is the TSA endorsement for a foreign student valid? -
ANSWER=5 years
What are the elements of a lesson plan? - ANSWER=Objective, Content,
and Completion Standards
Can a CFI endorse someone where they've never been in the airplane
with them, if so give an ex. - ANSWER=Yes, ex. written endorsement,
biannual flight review, IPC, cross country after their initial solo
Does standardization have to be redone? - ANSWER=Every 12 calendar
months
How do you renew your CFI? - ANSWER=Passing students flight
instructor refresher course, take the check ride again
What is required if you do an online renewal? - ANSWER=Do an online
refresher course or must have a minimum of 5 students pass their
practical test on the first attempt within the past 24 months.
CFI CBCA FINAL EXAM STUDY GUIDE| COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS| LATEST UPDATE
True - ANSWER=One way to avoid a learning plateau is to inform
students that they are normal before they happen
Where would 'accounts payable' most likely appear on a set of financial
statements? - ANSWER=On the balance sheet under 'current liabilities'
Which is not a type of note found in a set of financial statements? -
ANSWER=Significant internal controls
What is the correct syntax for the =YEARFRAC function? -
ANSWER==YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated debt? -
ANSWER=Revolver
Which of the following is not a function of public accounting firms? -
ANSWER=Due diligence
Which ratio would you use to determine the profitability of the goods
sold by a company? - ANSWER=Gross Profit Margin
,2|Page
Horizontal analysis allows us to analyze performance over: -
ANSWER=Time
If a company wanted to finance the purchase of equipment without
diluting shareholders equity, which of the following operation could it
consider? - ANSWER=Issuing convertible bonds
When calculating the quick ratio or "acid test" which current asset or
liability is omitted? - ANSWER=Inventory
What does "restricted" for a foreign pilot mean? - ANSWER=Their
license in the U.S. depends on their standing with their home country
Who can qualify for Basic Med? - ANSWER=Hold a valid U.S. driver's
license and have held a medical after July 14, 2006
How does pressure affect the earth? - ANSWER=Pressure causes wind
as the earth tries to establish equilibrium
What steers storms? - ANSWER=Wind
How long must you keep endorsements of students? - ANSWER=3 years
How long must you keep TSA documents of students - ANSWER=5 years
,3|Page
What is important to check about digital endorsements? -
ANSWER=That they are up to date
When do VFR charts expire? - ANSWER=56 days
What year were AFM's required after? - ANSWER=March 1st 1979
What is the main difference between an AFM and POH - ANSWER=The
AFM has equipment schedule
What are control surfaces like in relationship with air? - ANSWER=A
lever, leverage creates the boundaries of C.G. limits, depending on
travel of the control surfaces
What needs to be in a students file folder? - ANSWER=All documents
pertaining to their training and proof of citizenship
What is allowed for proof of citizenship? - ANSWER=Passport, and birth
certificate/U.S. citizenship + government photo ID
, 4|Page
How does someone from a foreign country get a TSA endorsement, is it
paper or digital? - ANSWER=Digital, have to submit documentation,
fingerprinting, and background check
How long is the TSA endorsement for a foreign student valid? -
ANSWER=5 years
What are the elements of a lesson plan? - ANSWER=Objective, Content,
and Completion Standards
Can a CFI endorse someone where they've never been in the airplane
with them, if so give an ex. - ANSWER=Yes, ex. written endorsement,
biannual flight review, IPC, cross country after their initial solo
Does standardization have to be redone? - ANSWER=Every 12 calendar
months
How do you renew your CFI? - ANSWER=Passing students flight
instructor refresher course, take the check ride again
What is required if you do an online renewal? - ANSWER=Do an online
refresher course or must have a minimum of 5 students pass their
practical test on the first attempt within the past 24 months.
