CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Financial
  5. ABV

Free ABV Exam Braindumps (page: 21)

Page 20 of 87
PDF with 344 Questions

For example, in data collection process for conducting the respective valuation, supporting analysts may be collecting industry, economic, rate or return, and guideline transaction information at the same time that the case manager is working directly with the management of the subject company. In any case, it is important to convey a sufficient overview of the company and of the assignment to all the valuation team members at an early meeting so that all of the analysts will be in a position to recognize important data as they proceed on the project... This example gives the idea that:

  1. The manner and sequence in which the data are gathered are important only to the extent that the process is complete an efficiently carried out
  2. Information gathered should be reviewed and analyzed before the visit to the company so as to focus the interviewing process on the most essential factors that affect the value of the company
  3. The analyst merely inspects voluminous or highly sensitive documents and only gets copies of the information necessary for the performance of the assignment
  4. Data about the subject property's market value is not covered in this approach

Answer(s): A



According to the American institute of Certified Public Accountants (AICPA), the term financial statement refers to:

  1. "A presentation of internal accounting data, derived from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."
  2. "A presentation of financial data, including accompanying notes, derived from accounting records and intended to communicate any entity's economic resources or obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."
  3. "A presentation of financial data, including accompanying notes, derived from accounting records and intended to communicate any entity's financial resources or obligations at a point in time or the changes therein for a period of time in reality with a brief basis of accounting."
  4. "A presentation of financial data, including accompanying notes, derived from accounting records and obligations at a point in time or the changes therein for a period of time in conformity with a comprehensive basis of accounting."

Answer(s): B



When asking for historical financial statements on the subject property, one should endeavor to study statements during a . The most commonly used period is five years, but this should not be used as a rote number of years.

  1. Relevant period
  2. Current period
  3. Audited period
  4. Compiled Period

Answer(s): A



Valuation analysts prefer to work with audited financial statements because of their completeness and reliability. There are various levels of scrutiny represented by audited, reviewed, and compiled financial statements. The same might have:

  1. Only one level of scrutiny
  2. Different level for the same period
  3. Different level of scrutiny performed for different years
  4. It entirely depends on the situation and valuation requirements

Answer(s): C






Post your Comments and Discuss Financial ABV exam with other Community members:

ABV Discussions & Posts