5 Written questions
5 Matching questions
- Statement of cash flows
- Fixed assets
- Regression analysis
- Financial statement
- a a statistical technique used to find relationships between variables for the purpose of predicting future values.
- b summarizes the changes in a firm's cash position for a specified period of time and details why the change occurred.
- c assets used over a longer time frame, such as real estate, buildings, equipment, and furniture.
- d a report similar to the annual report except that it contains more detailed information about the company's business.
- e a written report that quantitatively describes a firm's financial health.
5 Multiple choice questions
- merchandise, raw materials, and products waiting to be sold.
- a projection of a firm's sales for a specified period.
- depict relationships between items on a firm's financial statements, used to discern whether a firm is meeting its financial objectives and how it stacks up against its industry peers.
- a company's ability to meet its short-term financial obligations.
- include the purchase, sale, or investment in fixed assets, such as real estate, equipment, and buildings.
5 True/False questions
Pro forma income statement → projections for future periods based on forecasts and are typically completed for two to three years in the future.
Balance sheet → a snapshot of the company's assets, liabilities, and owner's equity at a specific point in time.
Current assets → include cash plus items that are readily convertible to cash, such as accounts receivable, marketable securities, and inventories.
Long-term liabilities → include obligations that are payable within a year, including accounts payable, accrued expenses, and the current portion of long-term debt.
Historical financial statements → projections for future periods based on forecasts and are typically completed for two to three years in the future.