Flashcards
CFA/FRA/6/LOS
Cards in this deck (6)
- 121. A)A) Describe the roles of financial reporting and financial statement analysis
- 221. B)B) Describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company’s performance and financial position
- 321. C)C) Describe the importance of financial statement notes and supplementary information—including disclosures of accounting policies, methods, and estimates—and management’s commentary
- 421. D)D) Describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls
- 522. EE) Identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information
- 623. FF) Describe the steps in the financial statement analysis framework