FHWN Austria FS Analysis Course Exam prep

True or False: The tax effect need not be considered when correcting errors.

Which of the following is a required element of a Listed/Public company written audit report per ISA 700?

Computing the ratio of each major income and expense item to total sales is known as:

Gross Profit % and Profit Margin % are examples of which category of financial ratios?

The Gross Profit ratio is calculated by:

Which of the following is not a required segment reporting disclosure per IFRS 8?

The ability or readiness of an asset to be converted to cash is referred to as:

Which of the following items are generally corrected retrospectively per IAS 8:

The current ratio is calculated as:

According to the ACFE Fraud Tree, the three main categories of fraud are:

A change from FIFO inventory costing to weighted average inventory costing is an example of what?

When using ratios to discover financial statement fraud, what is typically the most important aspect to evaluate?

Of the three main fraud categories, which category had the highest $ median fraud losses?

Which of the following is classified as a cash inflow from operating activities?

According to the COSO study, the highest frequency of financial statement fraud occurred in:

Which of the Following is a category on the Statement of Cash Flows?

According to the ACFE, organizations lose an average of _____% of their revenues each year to fraud.

The three elements of the Fraud Triangle are Pressure, Rationalization, and __________.

Type II subsequent events usually require:

The types of audit opinions from ISA 700 & 705 are: