Page 1 of 10
CFI FMVA FINAL EXAM CURRENTLY TESTING
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED) /GUARANTEED PASS/ TOP-RATED A+.
CFI FMVA
Ace your CFI FMVA (Financial Modeling & Valuation Analyst)
Final Exam with this comprehensive guide, designed to master
advanced financial modeling, valuation techniques, and Excel-
driven analysis. This resource delivers practical, scenario-based
exercises and detailed solutions that build proficiency in
building dynamic models and interpreting financial data.
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
What is the correct syntax for the =YEARFRAC function?
...... ANSWER .......
=YEARFRAC(start_date,end_date,[basis])
, Page 2 of 10
Which of the following is NOT a form of subordinated debt?
...... ANSWER ....... Revolver
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
When calculating the quick ratio or "acid test" which current
asset or liability is omitted? ...... ANSWER ....... Inventory
CFI FMVA FINAL EXAM CURRENTLY TESTING
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED) /GUARANTEED PASS/ TOP-RATED A+.
CFI FMVA
Ace your CFI FMVA (Financial Modeling & Valuation Analyst)
Final Exam with this comprehensive guide, designed to master
advanced financial modeling, valuation techniques, and Excel-
driven analysis. This resource delivers practical, scenario-based
exercises and detailed solutions that build proficiency in
building dynamic models and interpreting financial data.
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
What is the correct syntax for the =YEARFRAC function?
...... ANSWER .......
=YEARFRAC(start_date,end_date,[basis])
, Page 2 of 10
Which of the following is NOT a form of subordinated debt?
...... ANSWER ....... Revolver
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
When calculating the quick ratio or "acid test" which current
asset or liability is omitted? ...... ANSWER ....... Inventory
