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Analysis of Financial Statements Practice Test: Introduction to Analysis and Interpretation of Financial Statements
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Analysis of Financial Statements Practice Test: Introduction to Analysis and Interpretation of Financial Statements
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25 Questions

1. The balance sheet shows …
2. The statement of cash flows tells us
3. Horizontal analysis is done by analyzing ____________.
4. If value of opening inventories increases, what happens to the value of gross profit?
5. Incorrect cash flow planning can lead to ________
6. Which of the following is the main objective of a financial statement?
7. Funds flow statements are prepared so as to
8. Vertical analysis is made on the basis of __________.
9. Interpretation of accounts is the
10. __________ analysis is the process of studying a series of ratios for a company and/or industry over time.
11. Financial statements are meaningful and useful only when they are ___________.
12. Financial statements are ____________.
13. The term financial statement refers to…
14. What is followed while preparing the financial statements?
15. Comparative statement analysis sheet is __________.
16. The primary sections of a statement of cash flows are:
17. Which of the following are Non-current assets?
18. The process of comparing various financial factors of a company over a period of time is known as …
19. In financial statement the stock is valued at cost or market price whichever is less on the basis of…
20. Cash inflows arise from _____ assets, ________ liabilities, and ___________ stockholders' equity.
21. The analysis and interpretations of the financial statement will reveal …
22. Which of the following is NOT a key ratio in the prediction of bankruptcy as developed by Edward Altman?
23. Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
24. In financial statements, the fixed assets are shown at …
25. The major device for measuring the profitability of a firm over a defined period of time is the

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