ACCOUNTING MISC| EAST CAROLINA UNIVERSITY

ACCOUNTING MISC| EAST CAROLINA UNIVERSITY77) Financial statement analysis involves all of the following except: E) Assuring that the company will be more profitable in the future. 78) Evaluation of company performance can include comparison and/or assessment of all but which of the following: E) External user needs and demands. 79) External users of financial information: C) Are not directly involved in operating the company. 80) Internal users of financial information: B) Are those individuals involved in managing and operating the company. 81) The building blocks of financial statement analysis do not include: A) External analyst services. 82) Financial reporting refers to: B) The communication of financial information useful for decision making. 83) The ability to meet short-term obligations and to efficiently generate revenues is called: A) Liquidity and efficiency. 84) The ability to generate future revenues and meet long-term obligations is referred to as: B) Solvency. 85) The ability to provide financial rewards sufficient to attract and retain financing is called: C) Profitability. 86) The ability to generate positive market expectations is called: D) Market prospects. 87) Standards for comparisons in financial statement analysis do not include: D) Management standards. 88) Intra-company standards for financial statement analysis: A) Are based on a company's prior performance and relations between its financial items. 89) Industry standards for financial statement analysis: C) Are available for the financial performance and condition of the company's industry. 90) Guidelines (rules-of-thumb) are general standards of comparison developed from: B) Past experience. 91) Three of the most common tools of financial analysis are: C) Horizontal analysis, vertical analysis, ratio analysis. 92) The comparison of a company's financial condition and performance across time is known as: A) Horizontal analysis. 93) The measurement of key relations among financial statement items is known as: D) Ratio analysis. 94) The comparison of a company's financial condition and performance to a base amount is known as: E) Vertical analysis.