CMA考试essay 题P2（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。

　　1. Identify and explain the common-size financial report.

　　It restates financial statement line items in terms of a percentage of a given amount.items on common-size financial statements are expressed as percentage of net sales or total assets.the base amount is assigned the value of 100%

　　It makes it easier to analyze differences among companies of various sizes

　　2. There are 2 ways for the common-size financial report. Please list and explain.

　　1)vertical analysis:the percentages are based on numbers above or below in the same column

　　2）Horizontal analysis:amounts for several periods are stated in percentage of a base-year amount

　　3. List 3 ways to change the credit items which will help AR and sales.(放宽信用政策如何影响Account Receivables & Sales，列举三种并说明之。)

　　1)increasing discounts   2)offering longer payment period   3)accepting less risky customers

　　4. List 3 ways for accelerate AR collection.(Three ways to speed up cash collection)

　　lockbox   wire transfer  depository transfer check

　　5. List 3 fiannacial ratios to current liabilities.(列举3个liquidity ratios并解释)

　　Current ratio=current assets/current liabilities

　　Quick ratio=cash+marketable securities+current receivable/current assets

　　Cash ratio=cash+marketable securities/current assets

　　6. List 3 limitations for Financial ratios.(limitation of the financial statement)

　　1)balance sheet

　　a.Only reflect the position of a single point in time,significant changes may occur around the point time

　　b.It uses the historical cost

　　c.No record of some contingent liabilities

　　2)income statement

　　No coverage on other comprehensive income

　　3)statement of retain earnings

　　Investor ignorance

　　4)cash flow

　　a.Hard time in classifying three activities

　　b.Less usage of direct method

扫一扫微信，*9时间关注CMA考试时间提醒