CFA/FRA/6/LOS

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

Resource summary

	Created by Alex Del Rio about 6 years ago