There are fewer times in school more stressful than taking an exam, especially when that exam is in finance. Typically, a finance exam tests your ability to analyze financial information. With this exam, you also find many conceptual questions that allow you to voice your opinion for credit. Read on to learn more.
Take notes during class to prepare for the exam. Analyzing financial information is a process that gets more complicated with each lesson. Make sure you understand each class meeting. Get a tutor, ask questions or meet with your finance instructor to clarify ideas that you don't understand.
Work the case studies. In most finance classes, you learn how to analyze a company's financial situation. When your professor gives you a case study, take the time to work out its financial picture. You need to be able to determine the pro forma, its debt ratio and industry trends.
Complete the study guide if your instructor provides one. You must know how to present the financial information according to industry standards. You should be able to apply concepts from macro economics and capital structure to the problems on the test.
Study the objective points for your class, such as investment and financing decisions. You must understand how to find the final valuation for assets and liabilities and know if there is an optimal mix of financing sources for a specific case study.
- Rewrite your notes after every class as a way to continually study for your finance exam.