FINANCIAL STATEMENT MODELING RETAKE
2026 FINAL EXAM PREPARATION GUIDE WITH
KEY MODELING TECHNIQUES AND
FRAMEWORKS
◉ Named ranges and data validation can be used to create what
capability/feature in excel to make reports more dynamic
Answer: drop down lists
◉ Using the provided view, what is the expected resume of copying
and pasting the formula in C4 to D6? The formula is C4 is = $A2
Answer: 20 inch
◉ Reports can be created with simple cell references that are all
relative cell references, but they come with severe limitations
including
Answer: All statements are correct
◉ A math formula written as =MATCH("Wowoka",$B$5:$B$15,0) is
looking for the term "Wewoka" in
Answer: A series of rows
, ◉ Which of the following best describes Excel based dynamic
reporting as discussed in class
Answer: user friendly and easy to create and update
◉ When using excels INDEX function, excel wants to know the
following
Answer: Array, row number, column number
◉ Which of the following statements best describes using variance
analysis with dynamic reporting
Answer: it is simple to add variance columns and populate with
simple calculations
◉ For variance calculations, the formula for income items is typically
current or latest plus prior forecast or budget
Answer: False
◉ Variance analysis typically includes
Answer: comparing values between two different versions
◉ The MATCH formula can be used to return the column or row
position of an array
Answer: True
2026 FINAL EXAM PREPARATION GUIDE WITH
KEY MODELING TECHNIQUES AND
FRAMEWORKS
◉ Named ranges and data validation can be used to create what
capability/feature in excel to make reports more dynamic
Answer: drop down lists
◉ Using the provided view, what is the expected resume of copying
and pasting the formula in C4 to D6? The formula is C4 is = $A2
Answer: 20 inch
◉ Reports can be created with simple cell references that are all
relative cell references, but they come with severe limitations
including
Answer: All statements are correct
◉ A math formula written as =MATCH("Wowoka",$B$5:$B$15,0) is
looking for the term "Wewoka" in
Answer: A series of rows
, ◉ Which of the following best describes Excel based dynamic
reporting as discussed in class
Answer: user friendly and easy to create and update
◉ When using excels INDEX function, excel wants to know the
following
Answer: Array, row number, column number
◉ Which of the following statements best describes using variance
analysis with dynamic reporting
Answer: it is simple to add variance columns and populate with
simple calculations
◉ For variance calculations, the formula for income items is typically
current or latest plus prior forecast or budget
Answer: False
◉ Variance analysis typically includes
Answer: comparing values between two different versions
◉ The MATCH formula can be used to return the column or row
position of an array
Answer: True
