- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 1. Introduction to Financial Statement Analysis
- Subject 1. Steps of Financial Statement Analysis
CFA Practice Question
Which step produces these outputs: adjusted financial statements, common-size statements, ratios and graphs?
B. Process data
C. Analyze/interpret the processed data
A. Collect data
B. Process data
C. Analyze/interpret the processed data
Correct Answer: B
User Contributed Comments 11
| User | Comment |
|---|---|
| MRSLETS | yep |
| Gleeder | yes sir |
| JakeZ | yes!!!! |
| sagrr | yea |
| GouldenOne | hummminnaa yeaahaahh |
| Shaan23 | nooo.... |
| ldfrench | Hummmmina hummmmina humminnnaaaaa |
| ankurwa10 | I do sound like the dumbest guy but should't the answer be 1. i.e. I collect these data. I don't prepare them. unless you stress on the word "output" in the question, which is to say that it my output on the basis of data collected? |
| leon121 | ankurwa10...collecting data is equivalent to just taking face value the data...collecting = RAW...when you process data = editing the data and turning it to something meaningful. |
| jam2del | Gonna have to review some more ^___^ |
| GodofDeath | Aye |