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Exam (elaborations)

Accounting Financial Statement Analysis exam with answers

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2025/2026 Written for academic year
Institution Financial Statement Analysis
Course Financial Statement Analysis
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Accounting Financial Statement Analysis exam with answers

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Accounting: Financial Statement Analysis |\ |\ |\ |\




exam with answers |\ |\




How do we analyze financial statements? - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔Trend and comparative analysis |\ |\ |\




Trend Analysis - CORRECT ANSWERS ✔✔Looking at past
|\ |\ |\ |\ |\ |\ |\ |\


performance


Comparative Analysis - CORRECT ANSWERS ✔✔Comparing |\ |\ |\ |\ |\ |\


company to benchmarks, competition or industry
|\ |\ |\ |\ |\




Comparative financial statements - CORRECT ANSWERS ✔✔more |\ |\ |\ |\ |\ |\ |\


than 1 year worth of info included, used for trend analysis
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\




Consolidated financial statements - CORRECT ANSWERS |\ |\ |\ |\ |\ |\


✔✔include subsidiaries |\




Classified financial statements - CORRECT ANSWERS ✔✔subtotals
|\ |\ |\ |\ |\ |\


& totals for analysis purposes
|\ |\ |\ |\ |\




Dollar change - CORRECT ANSWERS ✔✔Analysis period amount -
|\ |\ |\ |\ |\ |\ |\ |\ |\


base period amount
|\ |\

, Percentage change - CORRECT ANSWERS ✔✔dollar change / base
|\ |\ |\ |\ |\ |\ |\ |\


period amount
|\ |\




Purpose of trend analysis - CORRECT ANSWERS ✔✔To reveal
|\ |\ |\ |\ |\ |\ |\ |\ |\


patterns in data covering successive periods
|\ |\ |\ |\ |\




Trend percentages - CORRECT ANSWERS ✔✔( Analysis period
|\ |\ |\ |\ |\ |\ |\ |\


amount / base period amount ) x 100
|\ |\ |\ |\ |\ |\ |\




Common size analysis formula - CORRECT ANSWERS ✔✔(
|\ |\ |\ |\ |\ |\ |\ |\


Analysis amount / base amount ) x 100
|\ |\ |\ |\ |\ |\ |\




Base amount for balance sheet-total assets
|\ |\ |\ |\ |\




Base amount for income statement-revenues
|\ |\ |\ |\




What does common size analysis do? - CORRECT ANSWERS
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✔✔Examines relative size of financial statement elements
|\ |\ |\ |\ |\ |\




Kinds of ratios - CORRECT ANSWERS ✔✔Liquidity, solvency,
|\ |\ |\ |\ |\ |\ |\ |\


activity/asset utilization, profitability |\ |\




What does a liquidity ratio measure - CORRECT ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\ |\


✔✔Adequacy of cash resources to meet short term obligations, is
|\ |\ |\ |\ |\ |\ |\ |\ |\


there enough cash to pay for current liabilities, suppliers are
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\


interested in this |\ |\

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