ADVENTIS FINANCIAL MODELING COURSE
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ Income Statement. Answer: The purpose is to show stakeholders
whether the company made or lost money during the period being
reported, and it indicates how revenues are transformed into net income
◉ Income Statement. Answer: Displays revenues recognized for a
specific period of time and the expenses charged against those revenues
◉ Revenue (Sales). Answer: The amount charged for the delivery of
goods or services
◉ Cost of Sales (Cost of Goods Sold). Answer: 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
◉ Non-Operating Expenses. Answer: Expenses or income not related to
the regular business of the company (interest expense, restructuring
expenses, etc.)
◉ Corporate Taxes. Answer: Local and federal income taxes the
company incurs
◉ Net Income (Net Earnings). Answer: Calculated as revenue less all
expenses of the company and indicates the increase in shareholders'
value resulting from operations
◉ Balance Sheet. Answer: Shows and organization's financial position at
a particular point in time
◉ Balance Sheet. Answer: Discloses the resources an organization
controls (assets) and the claims on those resources (liabilities and equity)
◉ Assets. Answer: What a company owns
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ Income Statement. Answer: The purpose is to show stakeholders
whether the company made or lost money during the period being
reported, and it indicates how revenues are transformed into net income
◉ Income Statement. Answer: Displays revenues recognized for a
specific period of time and the expenses charged against those revenues
◉ Revenue (Sales). Answer: The amount charged for the delivery of
goods or services
◉ Cost of Sales (Cost of Goods Sold). Answer: 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
◉ Non-Operating Expenses. Answer: Expenses or income not related to
the regular business of the company (interest expense, restructuring
expenses, etc.)
◉ Corporate Taxes. Answer: Local and federal income taxes the
company incurs
◉ Net Income (Net Earnings). Answer: Calculated as revenue less all
expenses of the company and indicates the increase in shareholders'
value resulting from operations
◉ Balance Sheet. Answer: Shows and organization's financial position at
a particular point in time
◉ Balance Sheet. Answer: Discloses the resources an organization
controls (assets) and the claims on those resources (liabilities and equity)
◉ Assets. Answer: What a company owns
