FINANCIAL STATEMENT
MODELING 2025 EXAM |
QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
| VERIFIED ANSWERS | LATEST
EXAM
Save
Terms in this set (48)
, This is the collection of all the
documents on a company needed
for proper valuation:
1. The latest 10-K
Public
2. The latest Q4 Press Release
Information
3. Latest Equity Research and EPS
Book "PIB"
consensus estimates
4. Last 6 months of big news (stock
splits, acquisitions and other material
changes)
1. For public companies, you get the
Where do you
information from Equity Research
get the "base"
Reports on the company.
case growth
2. For private companies, you get
drivers from? (2
the information from the current
answers; one for
predictions of the management of
public one for
the company (called "management"
private)
case)
How many years 3-7 years (5 years being the most
out do FSMs common)
normally
forecast?
, What are the two 1. Interest Income and Interest
exceptions to Expense - you have to understand
the fact that projected debt levels to derive a
forecasting line projected interest expense and will
items take a need projected cash balances to
historical get interest income
number and 2. D&A Expense - this needs to be
multiply it by a derived from PP&E projections
predicted
growth driver?
What should you This difference is normally due to
do if the changes in laws surrounding
information in an revenue recognition. As long as
Equity Research there are not major differences, it is
Report is ok to ignore this and just use the 10-
different than K data.
what is reported
on the
company's latest
10-k? Why does
this difference
occur?
MODELING 2025 EXAM |
QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+
| VERIFIED ANSWERS | LATEST
EXAM
Save
Terms in this set (48)
, This is the collection of all the
documents on a company needed
for proper valuation:
1. The latest 10-K
Public
2. The latest Q4 Press Release
Information
3. Latest Equity Research and EPS
Book "PIB"
consensus estimates
4. Last 6 months of big news (stock
splits, acquisitions and other material
changes)
1. For public companies, you get the
Where do you
information from Equity Research
get the "base"
Reports on the company.
case growth
2. For private companies, you get
drivers from? (2
the information from the current
answers; one for
predictions of the management of
public one for
the company (called "management"
private)
case)
How many years 3-7 years (5 years being the most
out do FSMs common)
normally
forecast?
, What are the two 1. Interest Income and Interest
exceptions to Expense - you have to understand
the fact that projected debt levels to derive a
forecasting line projected interest expense and will
items take a need projected cash balances to
historical get interest income
number and 2. D&A Expense - this needs to be
multiply it by a derived from PP&E projections
predicted
growth driver?
What should you This difference is normally due to
do if the changes in laws surrounding
information in an revenue recognition. As long as
Equity Research there are not major differences, it is
Report is ok to ignore this and just use the 10-
different than K data.
what is reported
on the
company's latest
10-k? Why does
this difference
occur?
