essay题P2-CMA考试辅导

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1、一某制衣厂CFO发现零售商不能及时回款，担心由于经济形势不好，零售商不能销售货物，进一步影响付款，就要求财务部员工对报表进行分析。然后有如下小问。第一大题1.Identifyandexplainthecommon-sizefinancialreport.Itrestatesfinancialstatementlineitemsintermsofapercentageofagivenamount.itemsoncommon-sizefinancialstatementsareexpressedaspercentageofnetsalesortotalassets.thebaseamount

2、isassignedthevalueof100%Itmakesiteasiertoanalyzedifferencesamongcompaniesofvarioussizes2.Thereare2waysforthecommon-sizefinancialreport.Pleaselistandexplain.1)verticalanalysis:thepercentagesarebasedonnumbersaboveorbelowinthesamecolumn2）Horizontalanalysis:amountsforseveralperiodsarestatedinpercenta

3、geofabase-yearamount3.List3waystochangethecredititemswhichwillhelpARandsales.(放宽信用政策如何影响AccountReceivables&Sales，列举三种并说明之。)1)increasingdiscounts2)offeringlongerpaymentperiod3)acceptinglessriskycustomers4.List3waysforaccelerateARcollection.(Threewaystospeedupcashcollection)lockboxwiretransferdepos

4、itorytransfercheck5.List3fiannacialratiostocurrentliabilities.(列举3个liquidityratios并解释)Currentratio=currentassets/currentliabilitiesQuickratio=cash+marketablesecurities+currentreceivable/currentassetsCashratio=cash+marketablesecurities/currentassets6.List3limitationsforFinancialratios.(limitationo

5、fthefinancialstatement)讲义1)balancesheeta.Onlyreflectthepositionofasinglepointintime,significantchangesmayoccuraroundthepointtimeb.Itusesthehistoricalcostc.Norecordofsomecontingentliabilities2)incomestatementNocoverageonothercomprehensiveincome3)statementofretainearningsInvestorignorance4)cashflow

6、a.Hardtimeinclassifyingthreeactivitiesb.Lessusageofdirectmethod二举了8个cases分别列了initialinvestmentvalue,NPV,PI;Limitedbudgetis62000其中projectD和E投资期限一个是2年一个是6年。而且D和E都是针对同一payroll的项目。其他项目比D和E晚投资一年。1.Whatiscapitalrationing? ItexistswhenafirmsetsalimitontheamountoffoundstobeinvestedduringagivenperiodItref

7、erstowhenafirmhaslimitedamountofmoneyforinvestment,whatprojectsshouldthecompanyinvesttomaximizeshareholderwealth2.Doesthecasesusecapitalrationing?问这个Senario里面是否有Captialrationing？3.Whichprojectsshouldbeselected?why?应该是选