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WorksheetsFinance Quarter Training Q3'22
Total questions: 8
Worksheet time: 5mins
Question 1: Which of the following is NOT a SEC filing form ?
A. Form 10-Q
B. Form 110
C. Form 10-K
D. 8-K
Question 2: How often must a 10-K be filed ?
A. Annually
B. Quarterly
C. Once a month
D. Bi-annually
Question 3: Which of the following is NOT found in a 10-Q?
A. Financial Statements
B. Risk Factors
C. Report of Independent Registered Public Accounting Firm (Auditors' Report)
Management's discussion and analysis of financial and result of operations (MD&A)
Question 4: Which of the following need to be eliminated from Consolidated Financial statement, except.....
A. Intercompany Sales & Purchases
B. Intercompany Dividends
C. Realized Intercompany Profit
D. Intercompany Receivables & Payables
Question 5: Which of the following will cause intercompany transactions (P&L) differences at Group ?
I. Both entities posted different SGD amount
II. Both entities posted same document currency (USD) but they are different functional currency entities (Company A: MYR vs Company B: USD)
III. Both entities posted same document currency (USD) and also having same functional currency (EUR)
A. I only
B. I and II
C. I and III
D. II and III
Question 6: Which of the following is NOT a characteristic of an ASR ?
A. An ASR allows a public company to expeditiously buy back large blocks of its outstanding shares from the market
B. No limit to the max number of shares to be repurchased
C. There is a limit on the maximum number of shares that can be repurchased per day
D. Repurchase of shares occurs on a single day
Question 7: Which of the following is NOT a positive impact of an ASR ?
A. Ability to reduce share count instantly
B. Creates a market event that increases volatility in the near-term
C. Increases EPS over the long-term
D. Prevent the involvement of activist investors
Question 8: Which of the following costs are Not Allowed to be capitalized (I.e., must be expensed in the period incurred)?
A. Costs that are explicitly chargeable to the customer under the contract
B. Bid, proposal, and selling and marketing costs incurred in connection with the pursuit of the contract
C. Direct labor (e.g., salaries and wages of employees who provide the promised services directly to the customer)
D. Direct materials (e.g., supplies used in providing the promised services to a customer)
