- CFA Exams
- 2021 Level II
- Study Session 6. Financial Reporting and Analysis (2)
- Reading 17. Evaluating Quality of Financial Reports
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Learning Outcome Statements PDF Download
|1. Quality of Financial Reports|
a. demonstrate the use of a conceptual framework for assessing the quality of a company's financial reports;
b. explain potential problems that affect the quality of financial reports;
|2. Evaluating the Quality of Financial Reports|
c. describe how to evaluate the quality of a company's financial reports;
d. evaluate the quality of a company's financial reports;
|3. Indicators of Earnings Quality|
e. describe the concept of sustainable (persistent) earnings;
f. describe indicators of earnings quality;
g. explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion;
|4. Evaluate the Earnings Quality of a Company|
h. evaluate the earnings quality of a company;
|5. Cash Flow Quality|
i. describe indicators of cash flow quality;
j. evaluate the cash flow quality of a company;
|6. Balance Sheet Quality|
k. describe indicators of balance sheet quality;
l. evaluate the balance sheet quality of a company;
|7. Sources of Information about Risk|
m. describe sources of information about risk.
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