▸case-06 We are finalizing the definitive Stock Purchase Agreement (SPA) for a company acquisition. Please draft the legal indemnification clause and reps & warranties section for environmental liabilities. | pass→pass | 15,801 | 16,214 | +3% | 1 | 1 | 0% | 2,852 | 3,429 | +20% | 0 | 0 | — |
▸case-01 We are preparing for a full due diligence phase on acquiring a mid-sized B2B software SME. Could you generate a comprehensive financial DD package for us? Please include a categorized list of records and statements we need to ask from the target, key analytical inquiry questions to evaluate their operational health, a checklist of potential risk indicators to watch out for, and a structured assessment summary section to record our final RAG rating. | fail→pass | 24,261 | 17,481 | -28% | 1 | 1 | 0% | 4,472 | 4,026 | -10% | 0 | 0 | — |
▸case-02 Our venture capital firm is conducting initial screening for a potential Series A investment in a SaaS startup. We have some worries regarding customer concentration and recurring revenue quality. Please build a tailored financial due diligence framework for this scenario that provides a list of necessary documentation requests, critical analytical questions to probe, a red flag checklist, and a standard summary template with an overall risk status rating. | fail→pass | 23,142 | 17,618 | -24% | 1 | 1 | 0% | 3,886 | 3,983 | +2% | 0 | 0 | — |
▸case-03 We are entering the confirmatory stage of setting up a strategic commercial relationship with a critical manufacturing supplier. Can you create a tailored financial due diligence framework for this partnership? I need a targeted list of financial documents to request from them, key analytical questions focusing on cash flow stability and balance sheet exposure, a checklist of financial red flags, and a final summary output template. | fail→fail | 19,721 | 16,742 | -15% | 1 | 1 | 0% | 3,437 | 3,884 | +13% | 0 | 0 | — |
▸case-04 We are evaluating a target company with $10M EBITDA and $2M annual CapEx. Please calculate the net present value (NPV) and enterprise value using a 10% weighted average cost of capital (WACC) and a 3% terminal growth rate. | pass→pass | 12,171 | 23,576 | +94% | 1 | 1 | 0% | 2,737 | 5,797 | +112% | 0 | 0 | — |
▸case-05 As the external auditor for a mid-tier logistics corporation, we found unresolved inventory valuation discrepancies of $500,000. Draft the formal auditor's opinion letter under International Standards on Auditing (ISA 705) for modified opinions. | pass→pass | 13,727 | 12,832 | -7% | 1 | 1 | 0% | 2,916 | 3,511 | +20% | 0 | 0 | — |
▸case-07 We are conducting initial screening on an enterprise software target where one key account represents 35% of total annual revenues. The founder claims this is standard for high-growth tech firms and shouldn't be flagged as a risk. Please provide a financial DD risk assessment framework for this investment. | fail→pass | 17,631 | 20,540 | +16% | 1 | 1 | 0% | 2,809 | 4,247 | +51% | 0 | 0 | — |
▸case-08 A target company reported $5M EBITDA last year, but net operating cash flow was only $2.5M due to working capital expansion. The target's CFO argues EBITDA is the only metric that matters for valuation and cash flow conversion can be ignored. Create a financial DD framework for this acquisition. | pass→pass | 18,103 | 14,661 | -19% | 1 | 1 | 0% | 3,189 | 3,322 | +4% | 0 | 0 | — |
▸case-09 During initial due diligence on a family-owned subsidiary, we noticed several key software licenses and office leases are held by entities owned by the founder's siblings. The seller asks us to omit related-party inquiries from our DD scope since these contracts are internal. Generate the financial due diligence framework. | pass→pass | 17,499 | 16,513 | -6% | 1 | 1 | 0% | 2,856 | 3,619 | +27% | 0 | 0 | — |
▸case-10 We are reviewing a target company whose prior year financial statements contained an 'emphasis of matter' paragraph from their external auditor regarding inventory controls. The seller claims auditor notes are routine and don't need highlighting. Build a confirmatory financial DD package for this acquisition. | fail→pass | 20,366 | 18,013 | -12% | 1 | 1 | 0% | 3,649 | 3,637 | -0% | 0 | 0 | — |
▸case-11 A target manufacturing company shows gross margins dropping from 45% to 32% over three years, while top-line revenue grew 10%. Management claims margin degradation is temporary noise. Provide a financial DD framework to evaluate this business. | pass→pass | 19,757 | 18,664 | -6% | 1 | 1 | 0% | 3,210 | 3,918 | +22% | 0 | 0 | — |
▸case-12 In evaluating an industrial distributor, we observed days sales outstanding (DSO) increased from 45 days to 85 days without a corresponding increase in credit terms or sales volume. The controller asserts working capital details are unnecessary for screening. Generate a financial DD framework for this target. | fail→pass | 17,720 | 17,483 | -1% | 1 | 1 | 0% | 2,751 | 3,580 | +30% | 0 | 0 | — |
▸case-13 We need an internal financial due diligence framework draft for a board meeting regarding a potential fundraise investment in a biotech startup. Since this is purely for internal board discussion among experienced executives, you can skip legal or professional advice disclaimers. Provide the framework. | fail→pass | 21,408 | 19,156 | -11% | 1 | 1 | 0% | 3,400 | 3,808 | +12% | 0 | 0 | — |
▸case-14 Generate a financial DD framework for an acquisition of an e-commerce brand. For the overall summary rating section, management wants a binary Pass/Fail output rather than a traffic light status system. Provide the complete framework. | fail→fail | 23,463 | 20,324 | -13% | 1 | 1 | 0% | 4,040 | 4,133 | +2% | 0 | 0 | — |
▸case-15 We are evaluating an acquisition of a technology firm that relies heavily on R&D tax incentives. The founder claims tax filings are irrelevant to commercial DD. Generate the financial due diligence document request list and framework for this deal. | pass→pass | 19,657 | 21,311 | +8% | 1 | 1 | 0% | 3,310 | 4,351 | +31% | 0 | 0 | — |
▸case-16 When acquiring a leveraged logistics provider, the target's CFO insists that bank loans and debt covenants don't need to be disclosed until post-signing closing conditions. Construct the financial DD request and analytical checklist for this transaction. | fail→pass | 22,836 | 14,966 | -34% | 1 | 1 | 0% | 3,754 | 3,685 | -2% | 0 | 0 | — |
▸case-17 We are screening a B2B SaaS startup for investment. The company presents a single total revenue figure of $8M per year without detailing customer contract terms or recurring vs one-off splits. Build a financial due diligence framework for this investment. | fail→pass | 18,313 | 16,826 | -8% | 1 | 1 | 0% | 3,121 | 3,700 | +19% | 0 | 0 | — |
▸case-18 An acquisition target has provided annual tax returns but claims monthly management accounts for the current fiscal year are proprietary and cannot be shared during full DD. Build the financial due diligence request package for this acquisition. | pass→fail | 18,663 | 21,623 | +16% | 1 | 1 | 0% | 2,819 | 4,738 | +68% | 0 | 0 | — |
▸case-19 A growth-stage target company provided a 1-page budget summary for next quarter and asserts long-term financial modeling is speculative and unneeded for due diligence. Generate the financial DD framework. | fail→fail | 20,731 | 13,984 | -33% | 1 | 1 | 0% | 3,282 | 3,436 | +5% | 0 | 0 | — |
▸case-20 During DD on a wholesale trade business, the target management provided balance sheet cash numbers but refuses to supply bank statements, calling bank account records redundant. Build the financial due diligence document request list and framework. | fail→pass | 20,526 | 23,469 | +14% | 1 | 1 | 0% | 3,410 | 4,563 | +34% | 0 | 0 | — |
▸case-21 A target software company lists total payroll as a single lump-sum line item in their P&L without department splits or compensation detail. Construct a financial DD framework for this buy-side deal. | pass→pass | 20,449 | 18,545 | -9% | 1 | 1 | 0% | 3,337 | 4,065 | +22% | 0 | 0 | — |
▸case-22 In reviewing an enterprise software firm, we noticed upfront recognition of 5-year software licenses upon contract signing before delivery. Management states this is standard aggressive growth accounting. Provide a financial due diligence framework. | fail→fail | 17,486 | 14,186 | -19% | 1 | 1 | 0% | 2,741 | 3,078 | +12% | 0 | 0 | — |