Corporate Finance Ivy Software Quizzes 2025 with
100% Correct Answers
The information used to assess the financial position and results of operations of
corporations is communicated through _________________ _____________.
financial statements
· _______________ statements are compiled in accordance with _____________
____________ ______________ _______________.
Financial statements; generally accepted accounting principles
GAAP is a collection of rules and procedures which are overseen by authorities such as the
_________________ __________________ ____________________ __________________
(FASB) and the _______________ _________________ _________________ (SEC).
Financial Accounting Standards Board; Securities Exchange Commission
Among the more prevalent accounting principles are: (6-ACCMUR)
accounting period
conservatism
consistency
matching
understandability
reliability
Required statements consists of: (4-BISS)
,balance sheet
income statement
statement of owner's equity
statement of cash flows
Public companies are required to periodically issue a _______________ ______________, or
statement of financial position, describing at a point in time the assets, liabilities, and
owners' equity of the enterprise.
balance sheet
Companies must also report their results of operations for a period via an
_______________ ______________.
income statement
The _______________ ________________ shows all sources of revenues and expenses
incurred for the period in question.
income statement
Income is reported using _______________ accounting, meaning that revenue is recognized
when earned and expenses are realized when incurred.
accrual
A third required statement, the ______________ _________ ___________ _____________
reports investments by stockholders into the firm and distributions (_______________)
paid to those stockholders.
statement of owner's equity; dividends
, A ______________ _____ ____________ __________ reveals a company's sources and uses
of cash and generally is used to isolate the changes in balance sheets from period to period.
statement of cash flows
Financial statements are analyzed to present information more _______________ than can
be gleaned from the statements themselves.
succinctly
The most frequently employed tool for analyzing financial statements is ______________
analysis.
ratio
Financial ratios are subdivided into three types:
operating performance ratios
liquidity ratios
financial strength ratios
________________ ______________ _____________ indicate how well a company is
converting its resources into results - sales, income, or the like.
Operating performance ratios
Categories of operating performance ratios include ___________ ratios (sales/assets) and
__________ ratios (net income/sales).
turnover; return
100% Correct Answers
The information used to assess the financial position and results of operations of
corporations is communicated through _________________ _____________.
financial statements
· _______________ statements are compiled in accordance with _____________
____________ ______________ _______________.
Financial statements; generally accepted accounting principles
GAAP is a collection of rules and procedures which are overseen by authorities such as the
_________________ __________________ ____________________ __________________
(FASB) and the _______________ _________________ _________________ (SEC).
Financial Accounting Standards Board; Securities Exchange Commission
Among the more prevalent accounting principles are: (6-ACCMUR)
accounting period
conservatism
consistency
matching
understandability
reliability
Required statements consists of: (4-BISS)
,balance sheet
income statement
statement of owner's equity
statement of cash flows
Public companies are required to periodically issue a _______________ ______________, or
statement of financial position, describing at a point in time the assets, liabilities, and
owners' equity of the enterprise.
balance sheet
Companies must also report their results of operations for a period via an
_______________ ______________.
income statement
The _______________ ________________ shows all sources of revenues and expenses
incurred for the period in question.
income statement
Income is reported using _______________ accounting, meaning that revenue is recognized
when earned and expenses are realized when incurred.
accrual
A third required statement, the ______________ _________ ___________ _____________
reports investments by stockholders into the firm and distributions (_______________)
paid to those stockholders.
statement of owner's equity; dividends
, A ______________ _____ ____________ __________ reveals a company's sources and uses
of cash and generally is used to isolate the changes in balance sheets from period to period.
statement of cash flows
Financial statements are analyzed to present information more _______________ than can
be gleaned from the statements themselves.
succinctly
The most frequently employed tool for analyzing financial statements is ______________
analysis.
ratio
Financial ratios are subdivided into three types:
operating performance ratios
liquidity ratios
financial strength ratios
________________ ______________ _____________ indicate how well a company is
converting its resources into results - sales, income, or the like.
Operating performance ratios
Categories of operating performance ratios include ___________ ratios (sales/assets) and
__________ ratios (net income/sales).
turnover; return
