- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 16. Introduction to Financial Statement Analysis
- Subject 3. Other Financial Information Sources
CFA Practice Question
What part of the annual report contains forward-looking information?
A. Balance sheet and income statement
B. Auditor's report
C. Management discussion and analysis
Explanation: The management discussion and analysis presents management's detailed analysis of the company's liquidity, capital resources, and operations. It includes forward-looking information such as projections of capital expenditures and how the company plans to finance such expenditures.
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