CFI FMVA FINAL EXAM Newest 2026 Questions and Answers (Latest 2026 / 2027 Update) (Verified Answers) 100% Correct | Grade A+

CFI FMVA FINAL EXAM Newest 2026 Questions and Answers (Latest 2026 / 2027 Update) (Verified Answers) 100% Correct | Grade A+ The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%. The receivable days estimated from the data above is _____. - ANSWER -27.4 The PP&E gross book value at the start of the month is 60,000, and the CAPEX of the month is 12,000. The accumulated depreciation at the start of the month is 25,000; the depreciation expense of the month is 750. The net book value of PP&E calculated from the data above is _____. - ANSWER -46,250 Simple interest is important framework to start learning about Time value of MoneyIf you are going to receive $2,000 in six years from now, how much is that worth today, assuming 5% annual simple interest? - ANSWER -$1,538.46 The formula contained in the yellow highlighted cell (I39) is = ( , I9,I24). This formula can be copied over to the entire live scenario section without any manual modification. (Hint: do not forget to use absolute references.) - ANSWER - You should perform sensitivity analysis when: - ANSWER -You need to determine which assumptions matter the most Which charts would be better choices to visualize a company's actual performance ratio in comparison to a target ratio? Select TWO best ANSWERs. - ANSWER Two-series line chart, column and marker chart Building a heat map would be an appropriate way to visualize data in which of the following? - ANSWER -Sensitivity Analysis If the last data point in this chart is the accumulated total (1258), what will you do to set up the chart properly? - ANSWER -Right click the last data point and select "Set as Total" If you wanted to insert the same company logo onto the right-hand corner of every slide in the pitchbook (footer), which of the following slide views would you open to complete the task the quickest? - ANSWER -Slide Master Suppose you have selected to Format Shape of a chosen textbox. Resize shape to fit text is under which tab? - ANSWER -Text Box What are financial modeling guidelines and why are they relevant? - ANSWER A stringent set of rules about financial modeling, which are required for Microsoft Excel to function properly. Why would an increase in the company's days in A/P produce cash for a business? - ANSWER -The company is 'stretching its payables' and deferring a cash outflow. Why would an increase in a businesses' days in inventory consume cash? - ANSWER -The business is expending cash to build up its inventory levels. A real-estate holdings company has the following fixed asset detail:Buildings: $25.0 Million; Useful Life 20-years.Land: $5.0 Million.Assuming straight-line depreciation, what would the company's total annual depreciation expense be? - ANSWER -$1.25 million. The Role of Financial Modeling Professionals Financial modeling professionals are expected to perform many tasks. Which of the following is not typically a task as part of the financial modeling process? - ANSWER -Smoothing data for management Financial Modeling Practices Financial modeling professionals typically break their work down into modular steps for ease and transparency, before linking everything back to the three core financial statements. Corkscrew schedules are primarily used to support calculations for which financial statement? - ANSWER Balance Sheet Circularity in models Many sophisticated models use circular calculations. What is a required Excel setting that allows for circular calculations? - ANSWER Enable iterative calculations DCF Schedule - Important DatesIn order to properly discount cash flows to the present value, we must consider the timing of when those cash flows occur. Which of the following is NOT one of the important dates when creating a DCF valuation? - ANSWER -Reporting Date How Long to Forecast When valuing a company, we typically assume the business is a going concern. Which of the following is the best definition of going concern? - ANSWER -A going concern assumes the business operates indefinitely. Discrete Forecast and Terminal ValueA discounted cash flow is typically comprised of two different stages or periods. Which of the following are the two different stages of a typical DCF, in chronological order? - ANSWER -Discrete Forecast; Terminal Value Introduction to Comparable Valuation Analysis - Main Valuation Techniques Multiple valuation techniques are used to "triangulate" the value of a company. What are three common valuation techniques? Select ALL that apply. - ANSWER -Cost approach, Income approach, Market approach Introduction to Comparable Valuation Analysis - Relative Valuation AdvantagesRelative valuation has several advantages relative to other valuation techniques. Which of the following is an advantage of relative valuation? - ANSWER -Uses observable data Introduction to Comparable Valuation Analysis - Relative Valuation DisadvantagesRelative valuation has several disadvantages relative to other