Pro forma - Study guides, Study notes & Summaries

Pro forma correct answers "financial statements created by an entrepreneur that attempt to estimate the future financial results of a company based upon certain identified assumptions" Income statement correct answers "a summary of the revenue and expenses of a business over a specified period of time" Statement of Financial Position correct answers "a summary of the assets, liabilities, and equity of a business at a specific point in time; also called a balance sheet" Statement o...

Gleim's CPA Test Prep Auditing [1] Which of the following is required documentation in an audit in accordance with generally accepted auditing standards? A. A flowchart or narrative of the accounting system describing the recording and classification of transactions for financial reporting. B. An audit program setting forth in detail the procedures necessary to accomplish the engagement's objectives. C. A planning memorandum establishing the timing of the audit procedures and coordinating the ...

LBO/PE Interview Prep Exam Questions & Answers Hurdle rate - ANSWER ️️ minimum acceptable rate of return Run me through the changes between the existing balance sheet and the pro forma balance sheet in an LBO model. (8 steps) - ANSWER ️️ 1) Deduct cash used in transaction 2) PP&E Step-up 3)New Identified Tangibles 4) New Goodwill 5) Capitalized financing fees 6) New debt+repayment of old debt 7) Deferred tax liability 8) New common equity Walk me through an LBO analysis - ANS...

C213 What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 was C213 What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 was based on a 22% increase? Calculating the 2012 Net Profit To find the 2012 net profit amount, we need to work backward from the 2013 pro-forma net profit. The 2013 pro-forma net profit is based on a 22% increase from the 2012 net profit. Let's denote the 2012 net profit as ( P_{2012} ). Given that the 2013 pro-f...

LBO/PE Interview Prep Exam Questions & Answers Hurdle rate - ANSWER ️️ minimum acceptable rate of return Run me through the changes between the existing balance sheet and the pro forma balance sheet in an LBO model. (8 steps) - ANSWER ️️ 1) Deduct cash used in transaction 2) PP&E Step-up 3)New Identified Tangibles 4) New Goodwill 5) Capitalized financing fees 6) New debt+repayment of old debt 7) Deferred tax liability 8) New common equity Walk me through an LBO analysis - ANS...

Marketing - Correct ️️ An organizational function and set of process for creating, capturing, communicating, and delivering value to customers, and for managing customer relationships in ways that benefit the organization and its stakeholders Marketing Plan - Correct ️️ A written document composed of an analysis of the current marketing situation, opportunities, and threats for the firm, marketing objectives and strategy specified in terms of four P's, action programs, and projecte...

Marketing - An organizational function and set of process for creating, capturing, communicating, and delivering value to customers, and for managing customer relationships in ways that benefit the organization and its stakeholders Marketing Plan - A written document composed of an analysis of the current marketing situation, opportunities, and threats for the firm, marketing objectives and strategy specified in terms of four P's, action programs, and projected or pro forma income (and other...

Series 79 The letters NAV stand for - correct answer Net asset value refers to an investment company's total assets less its total liabilities. Mutual funds and unit investment trusts calculate their NAV every business day, often after market close. Closed-end funds are not subject to the requirement to calculate NAV on a daily basis. All of the following are non-marketable U.S. Government securities EXCEPT - correct answer Treasury Bills trade actively on the secondary market. SLGS, Series...

Projected future financial statements are called: A. plug statements. B. pro forma statements. C. reconciled statements. D. aggregated statements. E. comparative statements. ֎ -:- B The extended version of the percentage of sales method: A. assumes that all net income will be paid out in dividends to stockholders. B. assumes that all net income will be retained by the firm and offset by a reduction in debt. C. is based on a capital intensity ratio of 1.0. D. requires that all fin...

Project Management - Includes project planning, scheduling, monitoring, coordinating and directing, updating documentation, closing out the job, and following up with clients. Partnering - Various stakeholders in a project (such as the architect, owner, contractor and vendors) all participate in the decision-making process. Bar Chart - Method commonly used for scheduling design and construction projects. Tasks are listed in chronological order on vertical access and time period is listed on...