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TRUE/FALSE Question
1. Business analysis is the evaluation of a companys prospects and risks for the
purpose of making business decisions.
ANS : TRUE REF: Subramanyam Edisi 11 halaman 4
5. Risk analysis is the evaluation of a companys ability to meet its commitments. Risk
analysis involves assessing the solvency and liquidity of a company along with its
earnings variability.
ANS : TRUE REF : Subramanyam Edisi 11 halaman
1. The efficient market hypothesis, or EMH for short, deals with the reaction of market
prices to financial and other information. There are common forms of EMH, except
a. The weak form EMH
b. The semiweak form EMH
c. The semistrong form EMH
d. The strong form EMH
ANS : B REF : Subramanyam Edisi 11 halaman 44
4. A companys goals and objectives are captured in a business plan that describes the
companys purpose, strategy, and tactics for its activities. A business plan assists
managers in focusing their efforts and identifying expected opportunities and
obstacles. Insight into the business plan considerably aids our analysis of a
companys current and future prospects and is part of the analysis of business
environment and strategy.
a. Companys purpose
b. Strategy
c. Tactics for its activity
d. All of above
ANS : D REF : Subramanyam Edisi 11 halaman 15
Matching Question
7. Profitability analysis also includes evaluation of the two major sources of profitability
are
9. The basis of valuation is. This theory states the value of a debt or equity security
(or for that matter, any asset) is equal to the sum of all expected future payoffs from
the security that are discounted to the present at an appropriate discount rate.
10. Comparative financial statement analysis also is referred to as given the left-right
(or right-left) analysis of account balances as we review comparative statements.
Jawaban:
A. Present value theory
B. Practical considerations
C. Margins and turnover
D. Present value theory
E. Nontrade creditors
True/False Questions
3. Plant assets include cash and other assets that are convertible to cash, usually within
the operating cycle of the company.
ANS : FALSE REF : Subramanyam Edisi 11 halaman 228
5. Special methods of depreciation are found in certain industries like steel and heavy
machinery. The most common of these methods links depreciation charges to
activity or intensity of asset use.
ANS : TRUE REF : Subramanyam Edisi 11 halaman 249
6. Full information to assess collection risk for receivables is not usually included in
financial statements. Useful information must be obtained from other sources or
from the company. Analysis tools for investigating collectibility include:
a. Comparing competitors receivables as a percentage of sales with those of the
company under analysis.
b. Examining customer concentrationrisk increases when receivables are
concentrated in one or a few customers.
c. Computing and investigating trends in the average collection period of
receivables compared with customary credit terms for the industry.
d. All of above
ANS : D REF : Subramanyam Edisi 11 halaman 231
7. Intangible assets are rights, privileges, and benefits of ownership or control. Two
common characteristics of intangibles are
a. High uncertainty of future benefits
b. Lack of physical existence.
c. All of above
d. None of above
ANS : C REF : Subramanyam Edisi 11 halaman 254
10. Under IFRS on, a prior impairment can be reversedfor both tangible and
intangible assetsif the impaired assets value subsequently increases.
a. IAS 24
b. IAS 26
c. IAS 28
d. IAS 30
ANS : B REF : Subramanyam Edisi 11 halaman 258
Matching Question
11. For LIFO inventories, however, ending inventories can be reported at much older
costs that may be significantly lower or higher than current costs. In periods of rising
prices, this reduction in inventory quantities, known as, results in an increase in
gross profit that is similar to the effect of FIFO inventory costing.
12. From our, two distortions arise from asset impairment are conservative biases
distort long-term asset valuation because assets are written down but not written up
and large transitory effects from recognizing asset impairments distort net income.
13. When costs are capitalized for identifiable tangible and intangible assets, they must
be subsequently over the benefit periods for these assets. The length of a benefit
period depends on the type of intangible, demand conditions, competitive
circumstances, and any other legal, contractual, regulatory, or economic limitations.
14. IFRS (IAS 16) permits a company to write-up the carrying value of long-term assets
even above its depreciated historical cost. For this, a company must adopt a for the
entire class of assets to which the particular asset belongs. Under the revaluation
model, a company needs to estimate the fair values of the all assets in the adopted
class on a periodic basis and continually write-up or write-down the asset values to
reflect the current fair values.
15. The excess of current assets over current liabilities is called. Working capital is a
double-edged swordcompanies need working capital to effectively operate, yet
working capital is costly because it must be financed and can entail other operating
costs, such as credit losses on accounts receivable and storage and logistics costs for
inventories.
Jawaban:
A. analysis perspective
B. working capital
C. LIFO liquidation
D. Amortized
E. revaluation model