Advanced Financial
Modeling Premium
Exam Practice
Questions 2026
, Advanced Financial Modeling Premium Exam Practice Questions 2026
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? - correct answer
q q q q q q q q q q q q q q q q q
Extraordinary gains/losses q
what is false about depreciation and amortization - correct answer D&A may be classified within interest
q q q q q q q q q q q q q q q q
expense
Company X's current assets increased by $40 million from 2007-2008 while the companies current liabilities
q q q q q q q q q q q q q q q
increased by $25 million over the same period. the cash impact of the change in working capital was - correct
q q q q q q q q q q q q q q q q q q q q
answer a decrease of 15 million q q q q q
the final component of an earnings projection model is calculating interest expense. the calculation may
q q q q q q q q q q q q q q q
create a circular reference because - correct answer interest expense affects net income, which affects FCF,
q q q q q q q q q q q q q q q q
which affects the amount of debt a company pays down, which, in turn affects the interest expense, hence the
q q q q q q q q q q q q q q q q q q q
circular reference q
a 10-q financial filing has all of the following characteristics except - correct answer issued four times a year.
q q q q q q q q q q q q q q q q q q
Depreciation Expense found in the SG&A line of the income statement for a manufacturing firm would most
q q q q q q q q q q q q q q q q q
likely be attributable to which of the following - correct answer computers used by the accounting
q q q q q q q q q q q q q q q q
department
If a company has projected revenues of $10 billion, a gross profit margin of 65%, and projected SG&A
q q q q q q q q q q q q q q q q q q
expenses of $2billion, what is the company's operating (EBIT) margin? - correct answer 45%
q q q q q q q q q q q q q
A company has the following information, 1. 2014 revenues of $5 billion,2013 Accounts receivable of $400
q q q q q q q q q q q q q q q q
million, 2014 accounts receivable of $600 million, what are the days sales outstanding - correct answer 36.5
q q q q q q q q q q q q q q q q
A company has the following information:
q q q q q
• 2014 Revenues of $8 billion
q q q q q
• 2014 COGS of $5 billion
q q q q q
• 2013 Accounts receivable of $400 million
q q q q q q
• 2014 Accounts receivable of $600 million
q q q q q q
Modeling Premium
Exam Practice
Questions 2026
, Advanced Financial Modeling Premium Exam Practice Questions 2026
What is generally not considered to be a pre-tax non-recurring (unusual or infrequent) item? - correct answer
q q q q q q q q q q q q q q q q q
Extraordinary gains/losses q
what is false about depreciation and amortization - correct answer D&A may be classified within interest
q q q q q q q q q q q q q q q q
expense
Company X's current assets increased by $40 million from 2007-2008 while the companies current liabilities
q q q q q q q q q q q q q q q
increased by $25 million over the same period. the cash impact of the change in working capital was - correct
q q q q q q q q q q q q q q q q q q q q
answer a decrease of 15 million q q q q q
the final component of an earnings projection model is calculating interest expense. the calculation may
q q q q q q q q q q q q q q q
create a circular reference because - correct answer interest expense affects net income, which affects FCF,
q q q q q q q q q q q q q q q q
which affects the amount of debt a company pays down, which, in turn affects the interest expense, hence the
q q q q q q q q q q q q q q q q q q q
circular reference q
a 10-q financial filing has all of the following characteristics except - correct answer issued four times a year.
q q q q q q q q q q q q q q q q q q
Depreciation Expense found in the SG&A line of the income statement for a manufacturing firm would most
q q q q q q q q q q q q q q q q q
likely be attributable to which of the following - correct answer computers used by the accounting
q q q q q q q q q q q q q q q q
department
If a company has projected revenues of $10 billion, a gross profit margin of 65%, and projected SG&A
q q q q q q q q q q q q q q q q q q
expenses of $2billion, what is the company's operating (EBIT) margin? - correct answer 45%
q q q q q q q q q q q q q
A company has the following information, 1. 2014 revenues of $5 billion,2013 Accounts receivable of $400
q q q q q q q q q q q q q q q q
million, 2014 accounts receivable of $600 million, what are the days sales outstanding - correct answer 36.5
q q q q q q q q q q q q q q q q
A company has the following information:
q q q q q
• 2014 Revenues of $8 billion
q q q q q
• 2014 COGS of $5 billion
q q q q q
• 2013 Accounts receivable of $400 million
q q q q q q
• 2014 Accounts receivable of $600 million
q q q q q q
