"Corporate finance"exercise:Financial Analysis Techniques

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來源: 正保會計網校編輯：小鞠橘桔 2020/09/14 09:10:38　字體：大小

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Questions 1:

An analysis used to forecast earnings that shows the changes in key financial quantities that result from alternative sets of economic events best describes which of the following techniques?

A 、Sensitivity analysis

B、 Simulation

C 、Scenario analysis

Questions 2:

For a company reporting under IFRS, which of the following events most likely represents low financial reporting quality? The company:

A 、included gains from foreign exchange rate changes in its cost of goods sold.

B、 entered a long-term lease for a customized piece of equipment and classified it as a finance lease.

C、 reported an increase in EPS as a result of the sale of a subsidiary.

View answer resolution

【Answer to question 1】C

【analysis】

C is correct. Scenario analysis shows the changes in key financial quantities that result from given economic events, such as the loss of customers or a catastrophic event. A is incorrect. Sensitivity analysis, also known as “what if” analysis, shows the range of possible outcomes as specific assumptions are changed. B is incorrect. Simulation is a computer-generated sensitivity or scenario analysis based on probability models for the factors that drive outcomes

【Answer to question 2】A

【analysis】

A is correct. High financial reporting quality provides useful information to decision makers. Since foreign exchange gains and losses may not recur, they should be disclosed separately and not included in cost of goods sold. B is incorrect. Long-term leases for customized pieces of equipment should be reported as finance leases and conforms to IFRS, therefore this is not low quality reporting. C is incorrect. If properly disclosed, an increase in EPS from the sale of a subsidiary does not represent low quality financial reporting, but it may be low quality earnings

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