- CFA Exams
- CFA Level I Exam
- Study Session 9. Financial Reporting and Analysis (4)
- Reading 29. Financial Reporting Quality
- Subject 4. Detection of Financial Reporting Quality Issues
CFA Practice Question
Unrealistically optimistic assumptions about collectability of receivables and loans is an example of ______
A. following GAAP but selecting alternatives within GAAP that bias or distort reported results to achieve a desired outcome.
B. using unrealistic or inappropriate estimates and assumptions to achieve a desired outcome.
C. stretching accounting principles to achieve a desired outcome.
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