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CFI FMVA Exam 2025 Questions and Answers
CFI FMVA Exam 2025 Questions and Answers
Course:
Financial Markets and Institutions
Institution:
Financial Markets and Institutions
CFI FMVA Exam 2025 Questions and Answers
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| Uploaded on: | September 4, 2025 |
| Last updated: | September 4, 2025 |
| Number of pages: | 105 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | CFI FMVA Exam 2025 Questions and Answers |
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CFI FMVA Exam 2025 Questions and Answers Income statement accounting - ....ANSWER ...-Accrual - revenues & costs recorded as a business earns or incurs them, not as it receives and pays money It includes them in the relevant period's income statement and matches them as closely as possible CF makes no difference whatsoever - IS where sale happens => How do you decide when sale happens? RECOGNIZE REV UPON DELIVERY OF GOOD/SERVICE PERFORMED Why are profits and cash flow not the same thing? - ....ANSWER ...-Accounting differences The idea of matching over time - ....ANSWER CFS Accounting - ....ANSWER ...- ...-Only records transactions when cash is received VS IS records ALL revenues earned, whether in cash or accrued Cash accounting method - ....ANSWER ...-record income and expenditures at the time the money changes hands …FOR STUDENTS ONLY…©️2025 ALL RIGHTS RESERVED… 1
