- CFA Exams
- 2021 Level I
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 19. Introduction to Financial Statement Analysis
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Learning Outcome Statements PDF Download
|1. The Roles of Financial Reporting and Financial Statement Analysis|
a. describe the roles of financial reporting and financial statement analysis;
|2. Major Financial Statements|
b. describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company's performance and financial position;
|3. Other Financial Information Sources|
c. describe the importance of financial statement notes and supplementary information - including disclosures of accounting policies, methods and estimates - and management's commentary;
e. identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information;
|4. Auditor's Reports|
d. describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls;
|5. Financial Statement Analysis Framework|
f. describe the steps in the financial statement analysis framework.
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