Cfi fmva - Study guides, Class notes & Summaries

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 Old Hacked Complete Questions And Answers | Verified Solution 2023 Income statement accounting 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 and cash fl...

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 ...

CFI FMVA EXAM

CFI FMVA

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 ...

FMVA CFI Test Questions & Answers 2024/2025 Identify which trait below about incremental budgeting is FALSE 1. Inputs or actives are determined by the budgeted outputs 2. It takes previous years' actual figure and add or subtract a certain percentage from it to make the new year's budget 3. It can carry over mistakes or slack budgets from previous years 4. It is the most commonly used method of budgeting - ANSWERSInputs or actives are determined by the budgeted outputs Identify whi...

CFI FMVA WITH QUESTIONS AND 100% ALL DETAILED CORRECT ANSWERS

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. ...