Fmva - Study guides, Class notes & Summaries

CFI FMVA EXAM

CFI FMVA

CFI FMVA EXAM 2024 QUESTIONS WITH ACTUAL SOLUTIONS!!

FMVA CFI Exam Questions & Answers 2024/2025 Income statement accounting - ANSWERSAccrual - revenues & costs recorded as a business earns or incurs them, not as it receives and pays money It includes them in the relevant period's income statement and matches them as closely as possible CF makes no difference whatsoever - IS where sale happens => How do you decide when sale happens? RECOGNIZE REV UPON DELIVERY OF GOOD/SERVICE PERFORMED Why are profits and cash flow not the same thin...

CFI FMVA Questions with correct answer1

CFI FMVA Questions with Correct Answers

CFI FMVA 6 questions with correct answers

CFI FMVA 6 Test Questions & Answers 2024/2025 Accounting Principles and Standards - ANSWERS Which of the following best describes accounting principles in general? - ANSWERSThey outline the fundamental rules and concepts and establish the framework on which detailed accounting standards are based. A sound accounting framework allows for all of the following benefits except: - ANSWERSIdentical items being reported on the financial statements of different companies 3. - ANSWERSConser...

CFI 100 FMVA Study Guide Exam Certification Questions and Answers Income statement accounting - CORRECT ANSWER-Accrual - revenues & costs recorded as a business earns or incurs them, not as it receives and pays money It includes them in the relevant period's income statement and matches them as closely as possible CF makes no difference whatsoever - IS where sale happens => How do you decide when sale happens? RECOGNIZE REV UPON DELIVERY OF GOOD/SERVICE PERFORMED Why are profits ...

Gross profit margin Correct Answer-shows how much is spent on producing the good or service that is sold for every dollar of sales revenue. (Profitability ratio) Gross Profit Margin = Gross Profit/Sales Operating Profit Margin Correct Answer-ompares the operating income of a company to its net sales. It is an indication of the efficiency of the operation Operating Profit Margin = EBIT/Sales Net profit margin Correct Answer-shows how much is earned for every dollar of sales revenue. ...