FINANCIAL STATEMENT MODELING
RETAKE EXAM
WALL STREET PREP CERTIFICATION
2026/2027 EDITION
ALL QUESTIONS AND CORRECT ANSWERS GRADED A+
________________________________________
75 Questions | 10 Domains | 3 Hours
Passing Score: 80% | Certification Level: Advanced
WALL STREET PREP | FINANCIAL MODELING TRAINING
, STUDENT INFORMATION
Student Name:
Student ID:
Date:
Exam Location:
Proctor Signature:
, EXAM INSTRUCTIONS
1.This exam consists of 75 multiple-choice questions across 10 domains of financial statement
modeling.
2.You have 3 hours to complete the examination.
3.Each question has only ONE correct answer. Select the best answer for each question.
4.Questions are categorized by cognitive level: Recall (15%), Application (40%), Analysis (30%),
and Synthesis (15%).
5.Calculators are permitted. Financial modeling software (Excel, etc.) is NOT permitted during
the exam.
6.All questions include detailed rationales showing the correct answer and explaining common
modeling errors.
7.A passing score of 80% (60 correct answers) is required for certification.
8.Read each question carefully. Distractors are designed to reflect common modeling mistakes.
9.For calculation questions, show your work in the space provided.
10.When finished, review your answers before submitting.
Domain Breakdown:
Domain Questions Weight
1. Income Statement Projections 12 16%
2. Balance Sheet Projections 12 16%
3. Cash Flow Statement Construction 10 13%
4. Working Capital Schedules 8 11%
5. Depreciation and Amortization Schedules 6 8%
6. Debt and Interest Schedules 6 8%
7. PP&E and Capital Expenditures 6 8%
8. Equity and Retained Earnings 5 7%
9. Model Integrity and Error Checking 5 7%
10. Scenario Analysis and Sensitivity 5 7%
, TABLE OF CONTENTS
DOMAIN 1: INCOME STATEMENT PROJECTIONS .................................................................................7
Q1[Application] ...................................................................................................................................... 7
Q2[Analysis] ............................................................................................................................................ 7
Q3[Application] ...................................................................................................................................... 8
Q4[Analysis]............................................................................................................................................ 8
Q5[Application] ...................................................................................................................................... 9
Q6[Analysis] .......................................................................................................................................... 10
Q7[Application] .................................................................................................................................... 10
Q8[Analysis] .......................................................................................................................................... 11
Q9[Application] .................................................................................................................................... 12
Q10[Synthesis]...................................................................................................................................... 12
Q11[Analysis] ........................................................................................................................................ 13
Q12[Synthesis]...................................................................................................................................... 13
DOMAIN 2: BALANCE SHEET PROJECTIONS ....................................................................................... 15
Q13[Application] .................................................................................................................................. 15
Q14[Analysis] ........................................................................................................................................ 15
Q15[Application] .................................................................................................................................. 16
Q16[Analysis] ........................................................................................................................................ 17
Q17[Application] .................................................................................................................................. 18
Q18[Analysis] ........................................................................................................................................ 18
Q19[Application] .................................................................................................................................. 19
Q20[Analysis] ........................................................................................................................................ 20
Q21[Application] .................................................................................................................................. 21
Q22[Analysis] ........................................................................................................................................ 21
Q23[Synthesis]...................................................................................................................................... 22
Q24[Synthesis]...................................................................................................................................... 23
DOMAIN 3: CASH FLOW STATEMENT CONSTRUCTION....................................................................... 24
Q25[Recall] ........................................................................................................................................... 24
Q26[Application] .................................................................................................................................. 24
Q27[Analysis]........................................................................................................................................ 25
Q28[Application] .................................................................................................................................. 25
Q29[Analysis] ........................................................................................................................................ 26
Q30[Synthesis]...................................................................................................................................... 27
Q31[Analysis] ........................................................................................................................................ 27
Q32[Application] .................................................................................................................................. 28
Q33[Synthesis]...................................................................................................................................... 29
Q34[Analysis] ........................................................................................................................................ 29
RETAKE EXAM
WALL STREET PREP CERTIFICATION
2026/2027 EDITION
ALL QUESTIONS AND CORRECT ANSWERS GRADED A+
________________________________________
75 Questions | 10 Domains | 3 Hours
Passing Score: 80% | Certification Level: Advanced
WALL STREET PREP | FINANCIAL MODELING TRAINING
, STUDENT INFORMATION
Student Name:
Student ID:
Date:
Exam Location:
Proctor Signature:
, EXAM INSTRUCTIONS
1.This exam consists of 75 multiple-choice questions across 10 domains of financial statement
modeling.
2.You have 3 hours to complete the examination.
3.Each question has only ONE correct answer. Select the best answer for each question.
4.Questions are categorized by cognitive level: Recall (15%), Application (40%), Analysis (30%),
and Synthesis (15%).
5.Calculators are permitted. Financial modeling software (Excel, etc.) is NOT permitted during
the exam.
6.All questions include detailed rationales showing the correct answer and explaining common
modeling errors.
7.A passing score of 80% (60 correct answers) is required for certification.
8.Read each question carefully. Distractors are designed to reflect common modeling mistakes.
9.For calculation questions, show your work in the space provided.
10.When finished, review your answers before submitting.
Domain Breakdown:
Domain Questions Weight
1. Income Statement Projections 12 16%
2. Balance Sheet Projections 12 16%
3. Cash Flow Statement Construction 10 13%
4. Working Capital Schedules 8 11%
5. Depreciation and Amortization Schedules 6 8%
6. Debt and Interest Schedules 6 8%
7. PP&E and Capital Expenditures 6 8%
8. Equity and Retained Earnings 5 7%
9. Model Integrity and Error Checking 5 7%
10. Scenario Analysis and Sensitivity 5 7%
, TABLE OF CONTENTS
DOMAIN 1: INCOME STATEMENT PROJECTIONS .................................................................................7
Q1[Application] ...................................................................................................................................... 7
Q2[Analysis] ............................................................................................................................................ 7
Q3[Application] ...................................................................................................................................... 8
Q4[Analysis]............................................................................................................................................ 8
Q5[Application] ...................................................................................................................................... 9
Q6[Analysis] .......................................................................................................................................... 10
Q7[Application] .................................................................................................................................... 10
Q8[Analysis] .......................................................................................................................................... 11
Q9[Application] .................................................................................................................................... 12
Q10[Synthesis]...................................................................................................................................... 12
Q11[Analysis] ........................................................................................................................................ 13
Q12[Synthesis]...................................................................................................................................... 13
DOMAIN 2: BALANCE SHEET PROJECTIONS ....................................................................................... 15
Q13[Application] .................................................................................................................................. 15
Q14[Analysis] ........................................................................................................................................ 15
Q15[Application] .................................................................................................................................. 16
Q16[Analysis] ........................................................................................................................................ 17
Q17[Application] .................................................................................................................................. 18
Q18[Analysis] ........................................................................................................................................ 18
Q19[Application] .................................................................................................................................. 19
Q20[Analysis] ........................................................................................................................................ 20
Q21[Application] .................................................................................................................................. 21
Q22[Analysis] ........................................................................................................................................ 21
Q23[Synthesis]...................................................................................................................................... 22
Q24[Synthesis]...................................................................................................................................... 23
DOMAIN 3: CASH FLOW STATEMENT CONSTRUCTION....................................................................... 24
Q25[Recall] ........................................................................................................................................... 24
Q26[Application] .................................................................................................................................. 24
Q27[Analysis]........................................................................................................................................ 25
Q28[Application] .................................................................................................................................. 25
Q29[Analysis] ........................................................................................................................................ 26
Q30[Synthesis]...................................................................................................................................... 27
Q31[Analysis] ........................................................................................................................................ 27
Q32[Application] .................................................................................................................................. 28
Q33[Synthesis]...................................................................................................................................... 29
Q34[Analysis] ........................................................................................................................................ 29
