Exam # _
Name:_
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Winter 2010
Midterm Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Fall 2008
Midterm Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) The decrease in reported 2007 sales from (from the 2007 report to the 2008 report) is
equa
Exam # _
Name:_
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Fall 2008
Midterm Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You ha
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Spring 2011
Midterm Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) The most precise estimate is to add the income tax provision to net income, $3,635
milli
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Winter 2011
Midterm Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) The appropriate discount rate is 6% because it reflects the rate at which Pisani could
b
Exam # _
Name:_
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Winter 2011
Midterm Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2009
Midterm Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) The current portion of the tax provision ($306,032,000) represents the amount of tax
paymen
This note explains how it is possible to report divisional results using hedge accounting even
when a companys consolidated results do not use hedge accounting.
Segment Results May Use Non-GAAP Earnings Metrics
Segment results are not required to present
Fair Value and
OtherComprehensiveIncome
Investments
DerivativesandHedgingContracts
Fair Value Has Crept in over Time
Lowerofcostormarketforinventoryand
fixedassets
WritedownsbutnowriteupsinUS
SFAS115(1993)fairvaluesfor
Passiveequityinvestments
Debtnotc
SWA CONSTRUCTIVE CAPITALIZATION - Revsine Method
($ millions)
As Rptd
Cap OL ProForma
Current assets
2,893
2,893
PP&E, net
11,040
1,533
12,573
Other assets
375
375
14,308
1,533
15,841
Current maturities of long-term debt
Other current liabilities
Long-ter
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Spring 2012 Suggested Answers
Midterm Exam
Prof. L. Soffer
Problem 1:
a) $46 million GREATER THAN. The deferred tax asset related to the allowance for doubtful
acco
Exam # _
Name:_
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2009
Midterm Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You hav
MICROSOFT, INC.
INCOME STATEMENTS
(In millions, except per share amounts)
Year Ended June 30,
2011
Revenue
Operating expenses:
Cost of revenue
Research and development
Sales and marketing
General and administrative
$
69,943
2010
$
62,484
2009
$
58,437
15,
Cumulative Restatement Adjustments to Previously Reported Beginning Retained Earnings and
Net Income
February 3,
2006
Net income as reported
Net income restatement adjustments
Net income as restated
Retained earnings as restated
January 31,
2003
$
Retaine
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2009
Final Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) Corridor amortization on the U.S. Qualified Plans will be $160 million in 2009.
(Computation
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Spring 2012
Final Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) OPEB Expense
$8 million
Accumulated other comprehensive income
$6 million
OPEB Liability
$6 m
Exam # _
Name:_
Section in which enrolled (circle one): TUE WED SAT
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Spring 2012
Final Exam
Prof. L. Soffer
GENERAL INSTRUCTIONS
This is a closed book exam except th
Exam # _
Name:_
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2009
Final Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You have
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2010
Final Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) In 2009 the discount rate decreased, causing the PBO to increase. Thus there was an
actuarial
Exam # _
Name:_
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2010
Final Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You have
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Spring 2011
Final Exam Suggested Answers
Prof. L. Soffer
Problem 1:
($ millions)
Unrecognized losses at August 31, 2009
PBO at August 31, 2009
Corridor amount
Un
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2011
Final Exam Suggested Answers
Prof. L. Soffer
Problem 1:
a) The journal entry is as shown below. SERP expense is from the expense summary in
the footnote
Exam # _
Name:_
University of Chicago Booth School of Business
Accounting and Financial Analysis I (30116) Winter 2011
Final Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You have
INFORMATION FOR PROBLEM 1 PAGE 1 OF 3
13. Pension and Postretirement Benefit Plans and Defined Contribution
Plans
<Portions deleted.>
Components of Net Periodic Benefit Costs and Other Amounts Recognized in Other
Comprehensive (Income)/Expense
The annual
The following information about Nordstrom, Inc. is included in this package:
Consolidated Statement of Earnings (page 2)
Note 13 Earnings per Share (page 2)
Consolidated Statement of Cash Flows (page 3)
Note 6 Postretirement Benefits (Excerpts) (page
Exam # _
Name:_
University of Chicago Graduate School of Business
Accounting and Financial Analysis I (30116) Fall 2008
Final Exam
Prof. L. Soffer
Instructions:
This is a closed book exam except that you may have one page (double-sided) of notes.
You have
