- CFA Exams
- CFA Exam: Level I 2021
- Study Session 9. Financial Reporting and Analysis (4)
- Reading 29. Financial Reporting Quality
- Subject 4. Detection of Financial Reporting Quality Issues
CFA Practice Question
Improper expense recognition includes ______.
II. amortizing capitalized costs too slowly
III. failing to write down impaired assets
IV. recording bogus rebates
I. capitalizing normal operating expenses
II. amortizing capitalized costs too slowly
III. failing to write down impaired assets
IV. recording bogus rebates
Correct Answer: I, II, III and IV
User Contributed Comments 2
| User | Comment |
|---|---|
| davcer | bogus rebates? |
| To-be-CFA | Bogus rebates = Fake discounts |