- CFA Exams
- CFA Level I Exam
- Topic 4. Financial Statement Analysis
- Learning Module 1. Introduction to Financial Statement Analysis
- Subject 3. Regulated Sources of Information
CFA Practice Question
Which one of the following is the best resource for an analyst who wants to find management's explanations for changes in financial and operating data, as well as management's assessment of future opportunities and risks?
B. Management discussion and analysis
C. Financial statements
A. Annual proxy statements
B. Management discussion and analysis
C. Financial statements
Correct Answer: B
Management discussion and analysis accompanies published financial statements, both in the annual report and SEC Form 10-K requirements.
User Contributed Comments 2
| User | Comment |
|---|---|
| garethdav | I thought they state 10Q? |
| pamela | The 10Q is an interim report (quaterly) whilst a 10k is an annual report thus the best for analyst to use as it encompasses all the information that the 10Q produced during the year will have. |