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AIFA Applied Investment Finance Analyst VIP Practice Exam
AIFA — The Applied Investment Finance Analyst (AIFA) designation is awarded by the Global Academy of Finance and Management (GAFM); the real exam covers investment analysis, portfolio management, financial modeling, risk assessment, and corporate finance across approximately 100 questions with a 70% passing threshold — this practice set mirrors the core knowledge domains at representative difficulty.
53
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 53👑 VIP
A portfolio manager is evaluating a manufacturing company whose income statement shows net income of $45 million, depreciation of $12 million, and amortization of $3 million. The company increased its accounts receivable by $8 million and reduced its accounts payable by $5 million during the year. What is the company's approximate operating cash flow using the indirect method?
Questions 2–53 and full explanations are VIP-exclusive.