Analysis Pop Quiz!
Analysis Pop Quiz!
Test your knowledge and skills in financial statement analysis with this comprehensive quiz! Challenge yourself with various question types, ranging from multiple choice to open-ended responses, that cover key concepts needed in the field.
Join us to:
- Evaluate your understanding of financial statements
- Identify important accounting principles
- Enhance your analytical skills
When should covenants for financial statements be moved forward?
When requested from the borrower
When FS is received
When FS is uploaded
When spreads are completed
When spreads are uploaded
Trick Question – there is no specific policy on this.
T/F Adjustments must be made to the reconciliation so there is no unexplained difference.
True
False
Schedule E Part 2 & 3 of the Personal Tax Return list passive and non-passive income from businesses and trusts owned by the individual filing the tax return. Which of the following is true when spreading an individual:
A. Use the income reported on Part 2 as “Contributions/Withdrawals”
B. Collect K-1s for Part 2 and Part 3 and spread the information from the K-1 as “Contributions/Withdrawals”
C. K-1s for Irrevocable Trusts do not exist and the cash flow to the individual from the trust should be verified by the accountant that prepared the TR
D. K-1s or Shareholder/Partner Basis Worksheets can be used to find the contribution/distribution amounts
Both A & B can be true
Both B & C can be true
Both B & D can be true
All of the above
On Schedule E Part 1 of the personal tax return, which rows should you use to calculate cash flow?
Line 26 + Line 12 + Line 13 + Line 18 + Line 19 (amortization only)
Line 3 + Line 4 – Line 20 + Line 12 + Line 13 + Line 18 + Line 19 (amortization only)
Line 3 – Line 20 + Line 12 + Line 18 + Line 19 (amortization only)
Line 23a + Line 23b – Line 23e + Line 23c + Line 23d
When spreading businesses what are the 9 accounts that need to be broken out (even if the amount is not considered material)?
Recently we were asked to break out CPLTD from long-term debt. Which ratio does this impact and why do we care if this has been overstated? (Type in answer)
What is our format for printed business spreads:
3 periods, common-sizing, comments on the bottom
3 12- month periods, most recent interim, percent change, comments on the bottom
3 12-month periods, most recent interim, common sizing, comments on the bottom
Most recent 4 periods, common sizing, comments on the bottom
Most recent 4 periods, percent change, comments on the bottom
T/F As the analyst, you can change where accounts are found on the balance sheet and income statement. For example, if Gain on Sale of Asset is included in top-line Revenue, you can move it to Other Income.
True
False
Are you uploading the completed Needs List to the Product Package DocMan (aka are you verifying that the DocMans have all the documents needed)?
Yes
No
Sometimes, but I will going forward
No, but I do check DocMan
Choose the correct individual responsible for these tasks.
RM, CA, CA, CA, CA, CA, CA, CA, CA, CA
RM, CA, CA, CA, CA, RM, CA, RM, RM, RM
RM, CA, CA, RM, CA, RM, RM, RM, CA, RM
Loan Policy Sections:
A. 100s: General Loan Policy, 200s: Consumer, 300s: Mortgage, 400s: Specialized Lending, 500s: Non-Real Estate, 600s: Real Estate, 700s: Problem Loans, 800s: Credit Losses
B. Section 501: Unsecured Lending
C. Section 204: Individual Analysis
D. Section 608: Term Commercial Real Estate Loans
A & B
A & C
A & D
B & C & D
None of the above
We are required to risk rate each loan. 1 is the least-risky grade and 8 is the most-risky grade. Why do we risk grade?
A. It provides a way to evaluate the riskiness of the bank’s portfolio and budget for credit loss
B. To determine who has the appropriate lending authority to approve the riskiness
C. To determine how the deal will be priced
D. To help the borrower understand why the deal was priced the way it was
E. To rate the loan officer on the riskiness of their deals
All of the above
A&C
A & B & C
B & C & D
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