2021 CFA Level I Exam: Study Session 6. Financial Reporting and Analysis (1) - Reading 19. Introduction to Financial Statement Analysis

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	1. The Roles of Financial Reporting and Financial Statement Analysis a. describe the roles of financial reporting and financial statement analysis;
	2. Major Financial Statements b. describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company's performance and financial position;
	3. Other Financial Information Sources c. describe the importance of financial statement notes and supplementary information - including disclosures of accounting policies, methods and estimates - and management's commentary; e. identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information;
	4. Auditor's Reports d. describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls;
	5. Financial Statement Analysis Framework f. describe the steps in the financial statement analysis framework.

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