Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 2 of 6
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? |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe the importance of financial statement notes and supplementary information - including disclosures of accounting policies, methods, and estimates - and management's commentary;
identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information;
CFA® 2024 Level I Curriculum, Volume 2, Module 16.