1 | Page
CFI CBCA FINAL EXAM 2026/2027 ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (CFI CBCA
FINAL EXAM NEWEST) LATEST UPDATE 2026/2027 |
GRADED A+ | GUARANTEED PASS.
Which is not a type of note found in a set of financial
statements? - ANSWER=Significant internal controls
When calculating the quick ratio or "acid test" which
current asset or liability is omitted? - ANSWER=Inventory
What does "restricted" for a foreign pilot mean? -
ANSWER=Their license in the U.S. depends on their
standing with their home country
What is the correct syntax for the =YEARFRAC function? -
ANSWER==YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated debt?
- ANSWER=Revolver
,2 | Page
True - ANSWER=One way to avoid a learning plateau is to
inform students that they are normal before they happen
Where would 'accounts payable' most likely appear on a set
of financial statements? - ANSWER=On the balance sheet
under 'current liabilities'
Who can qualify for basicmed? - ANSWER=Hold a valid
U.S. driver's license and have held a medical after July 14,
2006
How does pressure affect the earth? - ANSWER=Pressure
causes wind as the earth tries to establish equilibrium What
steers storms? - ANSWER=Wind
How long must you keep endorsements of students? -
ANSWER=3 years
How long must you keep TSA documents of students -
ANSWER=5 years
,3 | Page
What is important to check about digital endorsements? -
ANSWER=That they are up to date
When do VFR charts expire? - ANSWER=56 days
Which of the following is not a function of public
accounting firms? - ANSWER=Due dilligence
Which ratio would you use to determine the profitability of
the goods sold by a company? - ANSWER=Gross Profit
Margin
Horizontal analysis allows us to analyze performance over: -
ANSWER=Time
If a company wanted to finance the purchase of equipment
without diluting shareholders equity, which of the following
operation could it consider? - ANSWER=Issuing convertible
bonds
, 4 | Page
What year were AFM's required after? - ANSWER=March
1st 1979
What is the main difference between an AFM and POH -
ANSWER=The AFM has equipment schedule
How long is the TSA endorsement for a foreign student
valid? - ANSWER=5 years
What are the elements of a lesson plan? -
ANSWER=Objective, Content, and Completion Standards
Can a CFI endorse someone where they've never been in the
airplane with them, if so give an ex. - ANSWER=Yes, ex.
written endorsement, biannual flight review, IPC, cross
country after their initial solo
Does standardization have to be redone? - ANSWER=Every
12 calendar months
CFI CBCA FINAL EXAM 2026/2027 ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (CFI CBCA
FINAL EXAM NEWEST) LATEST UPDATE 2026/2027 |
GRADED A+ | GUARANTEED PASS.
Which is not a type of note found in a set of financial
statements? - ANSWER=Significant internal controls
When calculating the quick ratio or "acid test" which
current asset or liability is omitted? - ANSWER=Inventory
What does "restricted" for a foreign pilot mean? -
ANSWER=Their license in the U.S. depends on their
standing with their home country
What is the correct syntax for the =YEARFRAC function? -
ANSWER==YEARFRAC(start_date,end_date,[basis])
Which of the following is NOT a form of subordinated debt?
- ANSWER=Revolver
,2 | Page
True - ANSWER=One way to avoid a learning plateau is to
inform students that they are normal before they happen
Where would 'accounts payable' most likely appear on a set
of financial statements? - ANSWER=On the balance sheet
under 'current liabilities'
Who can qualify for basicmed? - ANSWER=Hold a valid
U.S. driver's license and have held a medical after July 14,
2006
How does pressure affect the earth? - ANSWER=Pressure
causes wind as the earth tries to establish equilibrium What
steers storms? - ANSWER=Wind
How long must you keep endorsements of students? -
ANSWER=3 years
How long must you keep TSA documents of students -
ANSWER=5 years
,3 | Page
What is important to check about digital endorsements? -
ANSWER=That they are up to date
When do VFR charts expire? - ANSWER=56 days
Which of the following is not a function of public
accounting firms? - ANSWER=Due dilligence
Which ratio would you use to determine the profitability of
the goods sold by a company? - ANSWER=Gross Profit
Margin
Horizontal analysis allows us to analyze performance over: -
ANSWER=Time
If a company wanted to finance the purchase of equipment
without diluting shareholders equity, which of the following
operation could it consider? - ANSWER=Issuing convertible
bonds
, 4 | Page
What year were AFM's required after? - ANSWER=March
1st 1979
What is the main difference between an AFM and POH -
ANSWER=The AFM has equipment schedule
How long is the TSA endorsement for a foreign student
valid? - ANSWER=5 years
What are the elements of a lesson plan? -
ANSWER=Objective, Content, and Completion Standards
Can a CFI endorse someone where they've never been in the
airplane with them, if so give an ex. - ANSWER=Yes, ex.
written endorsement, biannual flight review, IPC, cross
country after their initial solo
Does standardization have to be redone? - ANSWER=Every
12 calendar months
