100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
TEST BANK FOR Financial & Managerial Accounting for MBAs, 4th Edition by Easton, Halsey, McAnally, Hartgraves & Morse latest edition graded A+(2024) $16.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial & Managerial Accounting For MBAs
  4.  
  5. Financial & Managerial Accounting for MBAs

Exam (elaborations)

TEST BANK FOR Financial & Managerial Accounting for MBAs, 4th Edition by Easton, Halsey, McAnally, Hartgraves & Morse latest edition graded A+(2024)
 0 purchase
  • Course
  • Financial & Managerial Accounting for MBAs
  • Institution
  • Financial & Managerial Accounting For MBAs

TEST BANK FOR Financial & Managerial Accounting for MBAs, 4th Edition by Easton, Halsey, McAnally, Hartgraves & Morse latest edition graded A+(2024)

Preview 4 out of 550  pages

Document information

  • January 31, 2024
  • 550
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

All for this textbook (4)

Written for

  • Financial & Managerial Accounting for MBAs
  • Financial & Managerial Accounting for MBAs

Seller

avatar-seller
kylaexcell

Reviews received

Content preview

TEST BANK:
Financial & Managerial Accounting for MBAs,
4th Edition by Easton, Halsey, McAnally,
Hartgraves & Morse graded A+

,Table of Contents
Module 1: Financial Accounting for MBAs ....................................................................................... 4
Module 2: Introducing Financial Statements and Transaction Analysis .......................................... 2
Module 3: Constructing Financial Statements and Analyzing Transactions ..................................... 2
Module 5: Reporting and Analyzing Operating Income................................................................... 2
Module 6: Reporting and Analyzing Operating Assets .................................................................. 52
Module 7: Reporting and Analyzing Intercorporate Investments ..................................................... 2
Module 8: Reporting and Analyzing Nonowner Financing ............................................................... 2
Module 9 – Reporting and Analyzing Owner Financing .................................................................... 2
Module 10: Reporting and Analyzing Off-Balance-Sheet Financing ............................................... 2
Module 11: Adjusting and Forecasting Financial Statements ......................................................... 2
Module 12: Analyzing and Valuing Equity Securities .................................................................... 50

,Module 1
Financial Accounting for MBAs


Learning Objectives – coverage by question
True/ Multiple Essay
Exercises Problems
False Choice Questions
LO1 Identify and
discuss the
users and
suppliers of
1-4 1-2 - 1 1-2
financial
statement
information.

LO2 Identify and
explain the four
financial
statements, and
5-10 3-19 1-8 2-5 3
define the
accounting
equation.

LO3 Explain and
apply the basics
of profitability 11-13 20-25 9-10 6-7 4
analysis.

LO4 Describe
business
analysis within
the context of a 14 26-27 - 8 -
competitive
environment.

LO5 Describe
the accounting
principles and
15 28-30 - 9-10 5
regulations that
frame financial
statements.

, Module 1: Financial Accounting for MBAs


True/False
Topic: Users of Financial Statement Information
LO: 1
1. Shareholders demand financial information primarily to assess profitability and risk whereas
bankers demand information primarily to assess cash flows to repay loan interest and principle.

Answer: True
Rationale: While both shareholders and bankers are interested in all the information company’s
provide, shareholders care about more about a company’s profitability and bankers care more about
solvency and creditworthiness.


Topic: Publicly available financial reports
LO: 1
2. Publicly traded companies are required to provide quarterly financial reports directly to the public.

Answer: False
Rationale: Companies provide electronic versions of quarterly financial statements to the SEC that
posts them to the internet for the public to access them.


Topic: Users of Financial Statement Information
LO: 1
3. Publicly traded companies provide financial information primarily to satisfy the SEC and the tax
authorities (that is, the Internal Revenue Service).

Answer: False
Rationale: Demand for information extends to many users, the regulators such as the SEC and the
IRS are only one class of users.


Topic: SEC filings
LO: 1
4. Publicly traded companies must provide to the Securities Exchange Commission annual audited
financial statements (10K reports) and quarterly audited financial statements (10Q reports).

Answer: False
Rationale: Quarterly reports do not need to be audited.


Topic: Balance Sheet
LO: 2
5. If a company reports retained earnings of $175.3 million on its balance sheet, it must also report
$175.3 million in cash.

Answer: False
Rationale: The accounting equation requires total assets to equal total liabilities plus stockholders’
equity. That does not imply, however, that liability and equity accounts relate directly to specific
assets.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller kylaexcell. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $16.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

WGU D001 Behavioral Support Strategies for K-12 Learners with Mild to Moderate Exceptionalities PRE-ASSESSMENT QUESTIONS & Answers 100% Correct

Exam (elaborations) ·

(0)

COKO Professional Practice sample exam Q's (These sample questions are from the COKO Jurisprudence Handbook) And Answers with Rationale Already Graded A+

Exam (elaborations) ·

(0)

Test Bank - for Survey of Accounting 7th Edition by Christopher T. Edmonds, Mark A. Edmonds, Jennifer E. Edmonds, All Chapters 1-16 |Complete Guide A+

Exam (elaborations) ·

(0)

2024 Newest |BRC2u Test Answers (RiderCoach)|2024-2025 UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED ANSWERS|GET IT 100% ACCURATE!!

Package deal ·

(0)

NR 661 APN Capstone Portfolio Part 1, NR 661 Capstone 2/NR 661 Professional Portfolio Part 2, Chamberlain College of Nursing NR 661: Capstone Practicum

Exam (elaborations) ·

(0)

Final Exam: NUR1172/ NUR 1172 (Latest 2023/ 2024) Nutritional Principles in Nursing Exam Review| Questions and Verified Answers| 100% Correct- Rasmussen

Exam (elaborations) ·

(0)

Test Bank for Clayton's Basic Pharmacology for Nurses 19th Edition By Bruce Clayton, Michelle Willihnganz, Samuel Gurevitz Chapter 1-48 Complete Guide A+

Exam (elaborations) ·

(0)

Test Bank For Introductory Maternity & Pediatric Nursing 5th Edition By Nancy Hatfield; Cynthia Kincheloe 9781975163785 Chapter 1-42 Complete Guide .

Exam (elaborations) ·

(0)

HAZWOPER 40 Exam Prep - Hazardous Chemical Awareness & Radiological Hazards (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
$16.99
  • (0)
Add to cart
Added