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Basic Question 1 of 7

High financial reporting quality is defined as fair representation of a company's ______.

I. earnings
II. cash flows
III. assets, liabilities, and owners' equities

User Contributed Comments 1

User Comment
dshaminda oops.. tricky. thought its I only
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

compare financial reporting quality with the quality of reported results (including quality of earnings, cash flow, and balance sheet items)

CFA® 2025 Level I Curriculum, Volume 3, Module 10.