Hi CFA Aspirants, welcome to AKVTutorials. Are you preparing for CFA Level 1, 2, 3 exams for making a career in CFA (Charted Financial Analyst). According to CFA Wikipedia, CFA The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute. A candidate who successfully completes the program and meets other professional requirements is awarded the “CFA charter” and becomes a “CFA charter holder”. Therefore, you need CFA Study Notes and CFA Level 1 Mock Exam 56 Practice Questions Free AMBIPi.
In this article, you will get Free CFA Level 1 Mock Exam Practice Questions.
Free CFA Level 1 Mock Practice Exam Questions Bank
Free CFA Level 1 Practice Question No: 551:
Which of the following statements is most accurate with respect to the jurisdiction underlying financial reporting?
Option A :The requirement to prepare financial reports in accordance with specified accounting standards is the responsibility of standard-setting bodies
Option B : Standard-setting bodies have authority because they are recognized by regulatory authorities
Option C : Regulatory authorities are typically private sector, self-regulated organizations.
Show/Hide Answer
Option B : Standard-setting bodies have authority because they are recognized by regulatory authorities
CFA Level 1 Exam Question No: 552:
The following information is available on a company for the current year.
The company’s diluted EPS is closest to:
Option A: $7.72
Option B: $7.57
Option C: $7.69
Show/Hide Answer
Option A : $7.72
Free CFA Level 1 Mock Exam Question No: 553:
Which of the following statements best describes a trial balance? A trial balance is a document or computer file that:
Option A: shows all business transactions by account
Option B: lists all account balances at a particular point in time
Option C: contains all business transactions recorded in the order in which they occur
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Option B : lists all account balances at a particular point in time
CFA Level 1 Free Practice Question No: 554:
The following information is available for a manufacturing company:
If the company is using International Financial Reporting Standards (IFRS) instead of US GAAP, its cost of goods sold (in millions) is most likely:
Option A: $0.3 lower
Option B: the same
Option C: $0.3 higher
Show/Hide Answer
Option A : $0.3 lower
Free CFA Practice Question No: 555:
The least likely reason that a security analyst needs to understand the accounting process is to:
Option A: prevent earnings manipulation by management
Option B: make adjustments to reflect items not reported in the financial statements
Option C: aid in the assessment of management’s judgment in accruals and valuations
Show/Hide Answer
Option A : prevent earnings manipulation by management
CFA Level 1 Sample Question No: 556:
Which of the following reports is least likely to be filed with the US SEC?
Option A: Proxy statement
Option B: Form 10-K
Option C: Annual report
Show/Hide Answer
Option C : Annual report
Free CFA Level 1 Quiz Question NO: 557:
According to the International Financial Reporting Standards (IFRS), which of the following conditions should be satisfied to report revenue from the sale of goods on the income statement?
Option A: Goods have been delivered to the customer
Option B: Costs can be reliably measured
Option C: Payment has been received
Show/Hide Answer
Option B : Costs can be reliably measured
Free CFA Level 1 Quiz Question NO: 558:
A company’s $100 par value preferred stock with a dividend rate of 9.5% per year is currently priced at $103.26 per share. The company’s earnings are expected to grow at an annual rate of 5% for the foreseeable future. The cost of the company’s preferred stock is closest to:
Option A: 9.2%
Option B: 9.5%
Option C: 9.7%
Show/Hide Answer
Option A : 9.2%
Free CFA Practice Question No: 559:
The degree of operating leverage (DOL) is closest to:
Option A: 1.1
Option B: 2.4
Option C: 1.7
Show/Hide Answer
Option B : 2.4
CFA Mock Exam Free Question No: 560:
Which of the following is most likely considered an example of matrix pricing when determining the cost of debt?
Option A: Debt-rating approach only
Option B: Yield-to-maturity approach only
Option C: Both the yield-to-maturity and the debt-rating approaches
Show/Hide Answer
Option A : Debt-rating approach only
