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Basic Question 3 of 18
In the annual report, where can a financial analyst find a discussion of the reasons for sales growth or decline?
B. Auditor's report
C. Notes to the financial statements
D. On the face of the income statement
A. Management discussion and analysis
B. Auditor's report
C. Notes to the financial statements
D. On the face of the income statement
User Contributed Comments 5
| User | Comment |
|---|---|
| kalps | MDA or 10-k covers management's opinions for sales growth or decline |
| Lucas24 | What about option C, wouldn't notes also provide more infor |
| Adi8232 | discussion is the keyword, notes just provide info |
| anupshah9 | Adi8232 ... good observation... |
| F79KHAN | Form 10 K? |
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Learning Outcome Statements
describe the importance of regulatory filings, financial statement notes and supplementary information, management's commentary, and audit reports
describe information sources that analysts use in financial statement analysis besides annual and interim financial reports
CFA® 2025 Level I Curriculum, Volume 2, Module 1.