SEU Modeling Forecast Linking and Financial Statements Questions – Description
Multiple Choice Questions
You are discussing with a number of colleagues the approach you use to preparing a financial forecast and, in particular, the stages of the model development process, the formatting you would normally used to differentiate between import and formula/output cells, and the usual starting point when building a financial forecast linking the key financial statements. Based on this information, answer the following three questions.
Which of the following places the modeling stages in the correct order?
Analyze, design, scope, build
Design, scope, analyze, build
Scope, design, build, analyze
Scope, analyze, design, build
2)
You are describing your approach to preparing a financial model that will link the key financial statements and will allow you to conduct sensitivity analysis on the resultant figures. Based on this information, answer the following three questions.
Where will the forecast operating profit and the net profit be used within other parts of the forecast?
The net profit will be used in the cash flow statement, the operating profit will be used in the retained earnings reconciliation
The operating profit will be used in the cash flow statement, the net profit will be used in the balance sheet
The operating profit will be used in the cash flow statement, the net profit will be used in the retained earnings reconciliation
The net profit will be used in the cash flow statement, the operating profit will be used in the balance sheet
3)
You are discussing with a number of colleagues the approach you use to preparing a financial forecast and, in particular, the stages of the model development process, the formatting you would normally used to differentiate between import and formula/output cells, and the usual starting point when building a financial forecast linking the key financial statements. Based on this information, answer the following three questions.
What is the usual starting point when building a financial forecast linking the key financial statements?
Cash flow statement
Balance sheet
Income statement
Retained earnings
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