ANALISIS INFORMASI KEUANGAN

SOAL - JAWAB
UJIAN TENGAH SEMESTER

Oleh :

Kelompok 11

1. Anisah Raihanah M. F1316014

2. Arif Munandar F1316020
3. Arifin F1316021

PROGRAM STUDI S1 AKUNTAns:I

FAKULTAS EKONOMI DAN BISNIS
UNIVERSITAS SEBELAS MARET
SURAKARTA
2017
A. TRUE/FALSE
1. Nontrade creditors (or debtholders) provide financing to a company in return for a
promise, usually in writing, of repayment with interest (explicit or implicit) on specific
future dates.
Ans: True Ref Page: 8

2. Creditors lend funds in a forms and for a one of purposes.

Ans: False Ref Page: 8

3. Creditworthiness is the ability of a company to honor its credit obligations. Stated

differently, it is the ability of a company to pay its bills.
Ans: True Ref Page: 8

4. Liquidity is a company’s ability to raise cash in the short term to meet its obligations.
Ans: True Ref Page: 9

5. Solvency is a company’s longrun viability and ability to pay long-term obligations.Ans:

Ans: True Ref Page: 9

6. Equity investors provide liability to a company in return for the risks and rewards of
ownership
Ans: False Ref Page: 9

7. Intrinsic value is the value of a company (or its stock) determined through fundamental
analysis without Ref Pageerence to its market value (or stock price).
Ans: True Ref Page: 9

8. Industry analysis is the usual third step since the prospects and structure of its industry
largely drive a company’s profitability.
Ans: False Ref Page: 11
9. Strategy analysis is the evaluation of both a company’s business decisions and its success
at establishing a competitive advantage
Ans: True Ref Page: 12

10. Accounting analysis is a process of evaluating the extent to which a company’s

accounting Ref Pagelects economic reality.
Ans: True Ref Page: 12

11. Comparability problems done when different companies adopt different accounting for
similar trAns:actions or events.
Ans: False Ref Page: 12

12. Accounting distortions are deviations of accounting information from the underlying
economics.
Ans: True Ref Page: 12

13. Accounting risk is the uncertainty in financial statement analysis due to accounting
distortions.
Ans: True Ref Page: 13

14. Financial analysis is the use of financial statements to manage a company’s financial
position and performance, and to assess future financial performance.
Ans: False Ref Page: 13

15. Profitability analysis is the evaluation of a company’s return on investment.

Ans: True Ref Page: 13

16. Risk analysis is the evaluation of a company’s ability to meet its commitments.
Ans: True Ref Page: 13
 17. Prospective analysis is a contradiction of future payoffs—typically earnings, cash flows,
or both.
Ans: False Ref Page: 14

18. Valuation is a main objective of many types of business analysis. Valuation Ref Pageers
to the process of converting forecasts of future payoffs into an estimate of company
value.
Ans: True Ref Page: 14

19. Financial analysis consists of three broad areas—profitability analysis, risk analysis, and
analysis of sources and uses of funds.
Ans: True Ref Page: 13

20. Accounting analysis includes evaluation of a company’s earnings quality or, more
broadly, its accounting quality
Ans: True Ref Page: 13

B. MULTIPLE CHOICE
1. Analyst forecasts, reports, and recommendations along with other alternative
information sources are a major competitor for accounting information. What are the
advan-tages offered by these alternative sources? We can identify at least three, except:
a. Timeliness
b. Frquency
c. Forward-looking
d. Interval
Ans : D Ref Page: 79

2. The superiority of accruals in providing relevant information about a company’s

financial performance and condition, and for predicting future cash flows, is explained
as follows, except?
a. Financial Performance
b. Financial Condition
c. Financial Statements
d. Predicting Future Cash Flow
 Ans : C Ref Page: 85

3. Conceptually, accrual accounting converts cash flow to a measure of income. Recall

that economic income differs from cash flow because it includes not only current cash
flows but also changes in the present value of future cash flows. Some reasons
accounting income differs from economic income except?
a. Investment Basis
b. Alternative Income concept
c. Historical Cost
d. Transaction Basis
Ans : A Ref Page: 94

4. We note that accounting income attempts to capture elements of both permanent in-
come and economic income, but with measurement error. Accordingly, it is useful to
view accounting income as consisting of three components:
a. Permanent Component
b. Transitiory Component
c. Value Relevant Component
d. Value Irrelevant Component
Ans : C Ref Page: 95

5. What is the underlying logic behind these two models of accounting? We list here some
of the fundamental differences between the two models with the objective of answering
these questions, except?
a. Transaction versus current valuation
b. Cost versus market based
c. Alternative income approaches
d. Alternative outcome approaches
Ans : D Ref Page: 99

6. An ............. is made available to traders on the stock exchange through the broad tape
and is often reported in the financial press such as The Wall Street Journal.
a. earnings announcement
b. loss announcement
c. promotion announcement
d. net loss announcement
Ans: A Ref Page: 69
7. Business analysis and financial statement analysis are important in a number of other
contexts, there is not part of Business analysis and financial statement analysis?
a. Mangers
b. Directors
c. Advisor
d. Customer
Ans: C Ref Page: 10

8. The accounting equation (also called the balance sheet identity) is the basis of the
accounting system included?
a. Assets
b. Liabilities
c. Equity
d. A,B and C true
Ans: D Ref Page: 19

9. We look for information on company objectives and tactics, market demands,

competitive analysis, sales strategies (pricing, promotion, distribution), management
performance, and financial projections. There is not include in sales strategies?
a. Labelling
b. Pricing
c. Promotion
d. Distribtion
Ans: A Ref Page: 15

10. ……. is a main objective of many types of business analysis. Valuation Ref Pageers to
the process of converting forecasts of future payoffs into an estimate of company value.
a. Financial Analysis
b. Valuation
c. Prospective Analysis
d. Revaluation
Ans: B Ref Page: 14

11. Which one isn’t component income statements?

a. Current Assets
b. Current Liabilities
c. Revenue
 d. ROA
Ans: D Ref Page: 20

12. ………is among the most popular and widely used tools of financial analysis?
a. Ratio Analysis
b. Valuation Analysis
c. Objective Analysis
d. Statistic Analysis
Ans: D Ref Page: 33

13. Business analysis and financial statement analysis are important in a number of
other contexts, there is not part of Business analysis and financial statement analysis?
a. Mangers
b. Directors
c. Advisor
d. Customer
Ans: C Ref Page: 10

14. The accounting equation (also called the balance sheet identity) is the basis of the
accounting system included?
a. Assets
b. Liabilities
c. Equity
d. A,B and C true
Ans: D Ref Page: 19

15. We look for information on company objectives and tactics, market demands,
competitive analysis, sales strategies (pricing, promotion, distribution), management
performance, and financial projections. There is not include in sales strategies?
a. Labelling
b. Pricing
c. Promotion
d. Distribtion
Ans: A Ref Page: 15
16. ……. is a main objective of many types of business analysis. Valuation refers to
the process of converting forecasts of future payoffs into an estimate of company value.
a. Financial Analysis
b. Valuation
c. Prospective Analysis
 d. Revaluation
Ans: B Ref Page: 14
17. Which one isn’t component income statements?
a. Current Assets
b. Current Liabilities
c. Revenue
d. ROA
Ans: D Ref Page: 20
18. ………is among the most popular and widely used tools of financial analysis?
a. Ratio Analysis
b. Valuation Analysis
c. Objective Analysis
d. Statistic Analysis
Ans: D Ref Page: 33
19. Analyst forecasts, reports, and recommendations along with other alternative
information sources are a major competitor for accounting information. What are the
advantages offered by these alternative sources? We can identify at least three,
except:
a. Timeliness
b. Frquency
c. Forward-looking
d. Interval
Ans: D Ref Page: 79
20. The superiority of accruals in providing relevant information about a company’s
financial performance and condition, and for predicting future cash flows, is explained
as follows, except?
a. Financial Performance
b. Financial Condition
c. Financial Statements
d. Predicting Future Cash Flow
Ans: C Ref Page: 85

C. MATCHING
No. 1-3
Choice:
A. Current assets
 B. working capital
C. Current liabilities
Assets and liabilities are separated into current and noncurrent amounts. (1)______
are expected to be converted to cash or used in operations within one year or the
operating cycle, whichever is longer. (2) ______are obligations the company is expected
to settle within one year or the operating cycle, whichever is longer. The difference
between current assets and current liabilities is called (3) ______.
1. Ans: A
2. Ans: C
3. Ans: B

Ref Page: 20

No. 4-10
Choice:
A. Operating cash flow
B. Accruals and cash flows
C. Debt levels
D. Free cash flow
E. Free cash flow to equity
F. Equity holders
G. Net cash flow
Accruals and Cash Flows. To explore the relation between (4) ______, it is important
to recognize alternative types of cash flows. (5) ______ refers to cash from a company’s
ongoing operating activities. (6) ______ to the firm reflects the added effects of
investments and divestments in operating assets. The appeal of the free cash flow to the
firm concept is that it represents cash that is free to be paid to both debt and equity
holders. (7) ______which we introduced in Chapter 1, adds changes in the firm’s (8)
______ to free cash flow to the firm and, thereby, yields the cash flows that are available
for (9) ______. When economists refer to cash flow, they are usually referring to one of
 these free cash flow definitions, a convention we adopt in this book. Bottom line cash
flow is (10) ______, the change in the cash account balance (note that cash includes cash
equivalents for all these definitions).
4. Ans: B
5. Ans: A
6. Ans: D
7. Ans: E
8. Ans: C
9. Ans: F
10. Ans: G

Ref Page: 82

No. 11-17
Choice:
A. Accelerated methods of depreciation
B. Operating efficiency
C. Cost Allocation
D. Maintenance cost
E. Revenue code
F. Revenues
G. Tax federral
(11)……… allocate the cost of an asset to its useful life in a decreasing manner.
Use of these methods is encouraged by their acceptance in the Internal (12)………. Their
appeal for tax purposes is the acceleration of (13)……… and the subsequent deferral of
taxable income. The faster an asset is written off for tax purposes, the greater the
(14)……… to future periods and the more funds immediately available for operations.
The conceptual support for accelerated methods is the view that decreasing depreciation
charges over time compensate for (15) increasing repair and………, (16) decreasing
revenues and………, and (17) higher uncertainty of……… in later years of aged assets
(due to obsolescence).
 11. Ans: A
12. Ans: E
13. Ans: C
14. Ans: G
15. Ans: D
16. Ans: B
17. Ans: F

Ref Page: 242

No 18-25
Choice:
A. Cash inflows
B. Prospective cash inflows
C. Expenses
D. Revenues
E. Gains
F. Losses
G. Core income
H. Income from continuing operations

(18)______ are earned inflows or prospective earned inflows of cash that arise from a
company’s ongoing business activities. These include (19)______ such as cash sales, and
(20)______ such as credit sales. (21)______ are earned inflows or prospective earned
inflows of cash arising from transactions and events unrelated to a company’s ongoing
business activities.
Ref Page: 360 - 361

(22)______are incurred outflows, prospective outflows, or allocations of past

outflows of cash that arise from a company’s ongoing business operations. (23)______are
decreases in a company’s net assets arising from peripheral or incidental operations of a
company.
Ref Page: 361

(24)______is a measure that excludes certain nonrecurring items, such as

extraordinary items, and the effects of discontinued operations, from net income.
(25)______ is a measure that excludes all nonrecurring and unusual items that are
typically reported as separate line items on the income statement.

Ref Page: 362

18. Ans : D
19. Ans : A
20. Ans : B
21. Ans : E
22. Ans : C
23. Ans : F
24. Ans : H
25. Ans : G