Created by Alex Del Rio
almost 7 years ago
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Question | Answer |
21. A) | A) Describe the roles of financial reporting and financial statement analysis |
21. 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 |
21. C) | C) Describe the importance of financial statement notes and supplementary information—including disclosures of accounting policies, methods, and estimates—and management’s commentary |
21. D) | D) Describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls |
22. E | E) Identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information |
23. F | F) Describe the steps in the financial statement analysis framework |
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