- 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
An analyst finds information about significant uncertainties affecting a company's liquidity, capital resources, and results of operations in the ______.
A. balance sheet and income statement
B. management discussion and analysis
C. notes to the financial statements
Explanation: Management must highlight any favorable and unfavorable trends and identify significant events and uncertainties that affect the company's liquidity, capital resources, and results of operations in the management discussion and analysis (MD&A).
User Contributed Comments 1
| User | Comment |
|---|---|
| gyee2012 | Duh... I should of known about this. MDA is more explicit compared to just looking at numbers aka financial statements |