- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 14. Evaluating Quality of Financial Reports
- Subject 2. Evaluating the Quality of Financial Reports
CFA Practice Question
To evaluate the quality of financial reports an analyst should examine the statement of cash flows. The focus should be MOST LIKELY on:
B. financing cash flows.
C. investment cash flows.
A. operating cash flows.
B. financing cash flows.
C. investment cash flows.
Correct Answer: A
In particular, the focus should be on differences between net income and operating cash flows.
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