CFA Practice Question

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CFA Practice Question

In the annual report, where can a financial analyst find a discussion of the reasons for sales growth or decline?

A. Management discussion and analysis
B. Auditor's report
C. Notes to the financial statements
D. On the face of the income statement
Correct Answer: A

The management discussion and analysis section of the annual report or Form 10-K covers management's opinion of the reasons for sales growth or decline.

User Contributed Comments 5

User Comment
kalps MDA or 10-k covers management's opinions for sales growth or decline
Lucas24 What about option C, wouldn't notes also provide more infor
Adi8232 discussion is the keyword, notes just provide info
anupshah9 Adi8232 ... good observation...
F79KHAN Form 10 K?
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