- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 10. Financial Reporting Quality
- Subject 4. Detection of Financial Reporting Quality Issues
CFA Practice Question
True or False? It is virtually impossible to manipulate cash flow.
Correct Answer: False
User Contributed Comments 3
| User | Comment |
|---|---|
| johntan1979 | There's nothing in the books that can't be cooked! |
| ascruggs92 | It is impossible to manipulate total net cash flow because people will notice the lack of reconciliation between the other statements. However, it is possible to manipulate cash flows by classifying cash flows to the incorrect section (Operating, Investing, Financing). |
| merc5559 | And also to the incorrect time period |