CFI FMVA Final Exam Flash Cards FMVA Exam
Practice Set 2025/2026 – Questions with Revised
Answers (100% Guaranteed Pass)
Where would 'accounts payable' most likely appear on a set of financial
statements? - ,,,,answer,,..On the balance sheet under 'current liabilities'
Which is not a type of note found in a set of financial statements? -
,,,,answer,,..Significant internal controls
The formula contained in the yellow highlighted cell (I39) is = ( , I9,I24).
This formula can be copied over to the entire live scenario section without
any manual modification. (Hint: do not forget to use absolute references.)
- ,,,,answer,,..
You should perform sensitivity analysis when: - ,,,,answer,,..You need to
determine which assumptions matter the most
Which charts would be better choices to visualize a company's actual
performance ratio in comparison to a target ratio? Select TWO best
answers. - ,,,,answer,,..Two-series line chart, column and marker chart
Building a heat map would be an appropriate way to visualize data in
which of the following? - ,,,,answer,,..Sensitivity Analysis
If the last data point in this chart is the accumulated total (1258), what
will you do to set up the chart properly? - ,,,,answer,,..Right click the last
data point and select "Set as Total"
, If you wanted to insert the same company logo onto the right-hand corner
of every slide in the pitchbook (footer), which of the following slide views
would you open to complete the task the quickest? - ,,,,answer,,..Slide
Master
Suppose you have selected to Format Shape of a chosen textbox. Resize
shape to fit text is under which tab? - ,,,,answer,,..Text Box
What are financial modeling guidelines and why are they relevant? -
,,,,answer,,..A stringent set of rules about financial modeling, which are
required for Microsoft Excel to function properly.
Why would an increase in the company's days in A/P produce cash for a
business? - ,,,,answer,,..The company is 'stretching its payables' and
deferring a cash outflow.
Why would an increase in a businesses' days in inventory consume cash?
- ,,,,answer,,..The business is expending cash to build up its inventory
levels.
A real-estate holdings company has the following fixed asset
detail:Buildings: $25.0 Million; Useful Life 20-years.Land: $5.0
Million.Assuming straight-line depreciation, what would the company's
total annual depreciation expense be? - ,,,,answer,,..$1.25 million.
The Role of Financial Modeling Professionals Financial modeling
professionals are expected to perform many tasks. Which of the following
is not typically a task as part of the financial modeling process? -
,,,,answer,,..Smoothing data for management
Financial Modeling Practices Financial modeling professionals typically
break their work down into modular steps for ease and transparency,
before linking everything back to the three core financial statements.
Practice Set 2025/2026 – Questions with Revised
Answers (100% Guaranteed Pass)
Where would 'accounts payable' most likely appear on a set of financial
statements? - ,,,,answer,,..On the balance sheet under 'current liabilities'
Which is not a type of note found in a set of financial statements? -
,,,,answer,,..Significant internal controls
The formula contained in the yellow highlighted cell (I39) is = ( , I9,I24).
This formula can be copied over to the entire live scenario section without
any manual modification. (Hint: do not forget to use absolute references.)
- ,,,,answer,,..
You should perform sensitivity analysis when: - ,,,,answer,,..You need to
determine which assumptions matter the most
Which charts would be better choices to visualize a company's actual
performance ratio in comparison to a target ratio? Select TWO best
answers. - ,,,,answer,,..Two-series line chart, column and marker chart
Building a heat map would be an appropriate way to visualize data in
which of the following? - ,,,,answer,,..Sensitivity Analysis
If the last data point in this chart is the accumulated total (1258), what
will you do to set up the chart properly? - ,,,,answer,,..Right click the last
data point and select "Set as Total"
, If you wanted to insert the same company logo onto the right-hand corner
of every slide in the pitchbook (footer), which of the following slide views
would you open to complete the task the quickest? - ,,,,answer,,..Slide
Master
Suppose you have selected to Format Shape of a chosen textbox. Resize
shape to fit text is under which tab? - ,,,,answer,,..Text Box
What are financial modeling guidelines and why are they relevant? -
,,,,answer,,..A stringent set of rules about financial modeling, which are
required for Microsoft Excel to function properly.
Why would an increase in the company's days in A/P produce cash for a
business? - ,,,,answer,,..The company is 'stretching its payables' and
deferring a cash outflow.
Why would an increase in a businesses' days in inventory consume cash?
- ,,,,answer,,..The business is expending cash to build up its inventory
levels.
A real-estate holdings company has the following fixed asset
detail:Buildings: $25.0 Million; Useful Life 20-years.Land: $5.0
Million.Assuming straight-line depreciation, what would the company's
total annual depreciation expense be? - ,,,,answer,,..$1.25 million.
The Role of Financial Modeling Professionals Financial modeling
professionals are expected to perform many tasks. Which of the following
is not typically a task as part of the financial modeling process? -
,,,,answer,,..Smoothing data for management
Financial Modeling Practices Financial modeling professionals typically
break their work down into modular steps for ease and transparency,
before linking everything back to the three core financial statements.
