ADVENTIS FINANCIAL MODELING COURSE
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Company Management. Answer: Measure performance and make
strategic, operating and financial decisions
◉ Creditors. Answer: Measure creditworthiness, liquidity and
bankruptcy risk
◉ Investors. Answer: Make decisions on buying or selling equity
investments
◉ Acquirers. Answer: Determine valuation and make investment
decisions
◉ Regulators. Answer: Determine whether the company is operating
according to regulations and the law
◉ Income Statement. Answer: Presents the results of operations (e.g.
profitability) over a period of time, typically monthly, quarterly and/or
annually. Purpose is to show stakeholders whether the company made or
, lost money during the period being reported. It indicates how revenues
are transformed into net income. It displays the revenues recognized for
a specific period of time and the expenses charged against those
revenues.
◉ Revenue (sales). Answer: amount charged for the delivery of goods or
services
◉ Cost of Sales (Cost of Goods Sold). Answer: is the direct cost of
producing revenue (raw
materials, direct wages, etc.)
◉ Gross Profit. Answer: calculated as revenue less cost of sales and
indicates how efficiently labor
and supplies are used in the production process
◉ Operating Expenses. Answer: all other expenses required to run the
business (management
salaries, marketing, travel, etc.)
◉ Operating Income (EBIT). Answer: calculated as revenue less cost of
sales and operating
expenses and indicates a company's earning power from ongoing
operations
ACTUAL EXAM PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Company Management. Answer: Measure performance and make
strategic, operating and financial decisions
◉ Creditors. Answer: Measure creditworthiness, liquidity and
bankruptcy risk
◉ Investors. Answer: Make decisions on buying or selling equity
investments
◉ Acquirers. Answer: Determine valuation and make investment
decisions
◉ Regulators. Answer: Determine whether the company is operating
according to regulations and the law
◉ Income Statement. Answer: Presents the results of operations (e.g.
profitability) over a period of time, typically monthly, quarterly and/or
annually. Purpose is to show stakeholders whether the company made or
, lost money during the period being reported. It indicates how revenues
are transformed into net income. It displays the revenues recognized for
a specific period of time and the expenses charged against those
revenues.
◉ Revenue (sales). Answer: amount charged for the delivery of goods or
services
◉ Cost of Sales (Cost of Goods Sold). Answer: is the direct cost of
producing revenue (raw
materials, direct wages, etc.)
◉ Gross Profit. Answer: calculated as revenue less cost of sales and
indicates how efficiently labor
and supplies are used in the production process
◉ Operating Expenses. Answer: all other expenses required to run the
business (management
salaries, marketing, travel, etc.)
◉ Operating Income (EBIT). Answer: calculated as revenue less cost of
sales and operating
expenses and indicates a company's earning power from ongoing
operations
