- CFA Exams
- CFA Level I Exam
- Study Session 6. Financial Reporting and Analysis (1)
- Reading 19. Introduction to Financial Statement Analysis
- Subject 1. The Roles of Financial Reporting and Financial Statement Analysis
CFA Practice Question
Using financial reports to evaluate the past, current, and prospective performance and financial position of a company for the purpose of making investment and other economic decisions best describes the role of ______.
A. financial reporting
B. financial statement analysis
C. financial statements
Explanation: The role of financial reporting is to provide information about the performance and financial position of companies so that users can make economic decisions.
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