Adventis FMC Level 1 Exam Guide 2025 – Complete Financial Modeling & Valuation Questions & Answers

Adventis FMC Level 1 MC COMPLETE
(2025) EXAM TEST WITH LATEST
UPDATED (QUESTIONS AND ANSWERS)



financialvstatementvcommunicatesvwhat?v-vcorrect-answersv--vfinancialvconditionv

-vresultsvofvoperations

-vvariousvothervactivitiesvofvanvorganization



howvboardvofvdirectorsvusevfinancialvdata...v-vcorrect-answersv--vholdvmanagementvaccountablev-
vmakevboard-levelvdecisionsvaboutvcorporatevstrategy




howvcompanyvmanagementvusesvfinancialvdata...v-vcorrect-answersv--vmeasurevperformancev

-vmakevstrategic,voperatingvandvfinancialvdecisions



howvcreditorsvusevfinancialvdata...v-vcorrect-answersv--vmeasurevcreditworthiness

-vliquidity

-vbankruptcyvrisk

,howvinvestorsvusevfinancialvdata...v-vcorrect-answersv-
makevdecisionsvonvbuying/sellingvequityvinvestments



howvacquirersvusevfinancialvdata...v-vcorrect-answersv--vdeterminevvaluation

-vmakevinvestmentvdecisions



howvregulatorsvusevfinancialvdata...v-vcorrect-answersv-
determinevwhethervcompanyvisvoperatingvaccordingvtovregulations/law



whatvdoesvthevincomevstatementvpresent?v-vcorrect-answersv-
resultsvofvoperationsvovervavperiodvofvtime



whatvisvthevpurposevofvthevincomevstatement?v-vcorrect-answersv-
tovshowvwhethervthevcompanyvmadevorvlostvmoneyvduringvthevperiodvreported



whatvdoesvthevincomevstatementvindicate?v-vcorrect-answersv-
howvrevenuesvarevtranslatedvintovnetvincomevthroughvsubtractingvexpenses



revenuev(sales)v-vcorrect-answersv-amountvchargedvforvthevdeliveryvofvgoodsvorvservices



costvofvsalesv(cogs)v-vcorrect-answersv--vdirectvcostvofvproducingvrevenue

-vEx:vrawvmaterials,vdirectvwages,vetc.



grossvprofitv-vcorrect-answersv--vrevenuev-vcogs

-vindicatesvhowvefficientlyvlaborvandvmaterialsvarevusedvinvthevproductionvprocess



operatingvexpensesv-vcorrect-answersv--vallvothervexpensesvrequiredvtovrunvavbusiness

, -vEx:vmanagementvsalaries,vmarketing,vtravel,vetc.



operatingvincomev(EBIT)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpenses

-vindicatesvavcompany'svearningvpowervfromvongoingvoperations



non-operatingvexpensesv-vcorrect-answersv--
vexpensesvnotvrelatedvtovregularvbusinessvofvthevcompany



-vEx:vinterestvexpense,vrestructuringvexpense,vetc.



corporatevtaxesv-vcorrect-answersv-localvandvfederalvincomevtaxesvthevcompanyvincurs



netvincomev(netvearnings)v-vcorrect-answersv--vrevenuev-vcogsv-voperatingvexpensesv-vnon-
operatingvexpensesv-vtaxes

-vindicatesvincreasevinvshareholders'vvaluevresultingvfromvoperations



whatvdoesvthevbalancevsheetvshow?v-vcorrect-answersv-
anvorganization'svfinancialvpositionvatvavparticularvpointvinvtime



whatvdoesvthevbalancevsheetvdisclose?v-vcorrect-answersv--
vthevresourcesvanvorganizationvcontrolsv(assets)



-vthevclaimsvonvthosevresourcesv(liabilitiesvandvequity)



whatvisvthevbasicvaccountingvequation?v-vcorrect-answersv-assetsv=vliabilitiesv+vequity



whatvisvthevbasicvaccountingvequationvavfoundationvfor?v-vcorrect-answersv-
thevdoubleventryvbookkeepingvsystem