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Basic Question 1 of 5
High financial reporting quality is defined as fair representation of a company's:
II. Cash flows.
III. Assets, liabilities and owners' equities.
I. Earnings.
II. Cash flows.
III. Assets, liabilities and owners' equities.
User Contributed Comments 1
| User | Comment |
|---|---|
| dshaminda | oops.. tricky. thought its I only |
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
Learning Outcome Statements
demonstrate the use of a conceptual framework for assessing the quality of a company's financial reports;
explain potential problems that affect the quality of financial reports;
CFA® 2025 Level II Curriculum, Volume 2, Module 14.