- CFA Exams
- 2024 Level I
- Topic 5. Financial Statement Analysis
- Learning Module 10. Financial Reporting Quality
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Learning Outcome Statements PDF Download
| 1. Reporting Quality and Results Quality compare financial reporting quality with the quality of reported results (including quality of earnings, cash flow, and balance sheet items) | |
| 2. Quality Spectrum of Financial Reports describe a spectrum for assessing financial reporting quality explain the difference between conservative and aggressive accounting | |
| 3. Context for Assessing Financial Reporting Quality describe motivations that might cause management to issue financial reports that are not high quality and conditions that are conducive to issuing low-quality, or even fraudulent, financial reports describe mechanisms that discipline financial reporting quality and the potential limitations of those mechanisms | |
| 4. Detection of Financial Reporting Quality Issues describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items describe accounting warning signs and methods for detecting manipulation of information in financial reports |
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