ADVENTIS FINANCIAL MODELING COURSE
EXAM SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS
◉ Income Statement. Answer: Presents the results from operations
(profitability) over a period of time. Purpose is to show stakeholders
whether the company made or lost money during the period being
reported. Represents how revenues are transformed into Net Income.
◉ Revenue. Answer: The amount charged for the delivery of a good or
service.
◉ Cost of Goods Sold (COGS). Answer: Direct cost of producing
revenue (raw materials, etc).
◉ Gross Profit. Answer: Revenue less cost of sales. Indicated how
effeciently labor and supplies are used in production.
◉ Operating Expenses. Answer: All other expenses required to run the
business
, ◉ Non-Operating Expenses. Answer: Expenses or income not related to
the regular business of the company.
◉ Corporate Taxes. Answer: Local and federal taxes the company
incurs.
◉ Net Income (Net Earnings). Answer: Revenue less all expenses of the
company; indicated the increase in shareholders value resulting from
operations.
◉ Balance Sheet. Answer: Shows and organizatios financial position at a
particular point in time. It discloses the resources an organization
controls (assets) and claims on those reasources (liabilities and equity).
◉ Accounts Receivable. Answer: The amount owed to an organization
from the sale of its product or services.
◉ Fixed Assets. Answer: Value of assets and property that cannot easily
be converted into cash.
◉ Accounts Payable. Answer: Amount owed to an organization's
vendors.
◉ Debt. Answer: Amount of obligations owed to creditors.
EXAM SCRIPT 2026 FULL QUESTIONS AND
CORRECT ANSWERS
◉ Income Statement. Answer: Presents the results from operations
(profitability) over a period of time. Purpose is to show stakeholders
whether the company made or lost money during the period being
reported. Represents how revenues are transformed into Net Income.
◉ Revenue. Answer: The amount charged for the delivery of a good or
service.
◉ Cost of Goods Sold (COGS). Answer: Direct cost of producing
revenue (raw materials, etc).
◉ Gross Profit. Answer: Revenue less cost of sales. Indicated how
effeciently labor and supplies are used in production.
◉ Operating Expenses. Answer: All other expenses required to run the
business
, ◉ Non-Operating Expenses. Answer: Expenses or income not related to
the regular business of the company.
◉ Corporate Taxes. Answer: Local and federal taxes the company
incurs.
◉ Net Income (Net Earnings). Answer: Revenue less all expenses of the
company; indicated the increase in shareholders value resulting from
operations.
◉ Balance Sheet. Answer: Shows and organizatios financial position at a
particular point in time. It discloses the resources an organization
controls (assets) and claims on those reasources (liabilities and equity).
◉ Accounts Receivable. Answer: The amount owed to an organization
from the sale of its product or services.
◉ Fixed Assets. Answer: Value of assets and property that cannot easily
be converted into cash.
◉ Accounts Payable. Answer: Amount owed to an organization's
vendors.
◉ Debt. Answer: Amount of obligations owed to creditors.
