CFA Practice Question

There are 57 practice questions for this study session.

CFA Practice Question

An equity analyst is trying to value a publicly-traded company using its disclosed accounting figures. He should carefully analyze quantitative information available but not distort the accounting figures by taking his own subjective views. True or False?
Correct Answer: False

The analyst should scrutinize footnotes and other relevant information to determine the quality of the disclosed accounting figures to estimate the intrinsic value of the company's stock.

User Contributed Comments 1

User Comment
vi2009 footnotes and disclosure reveals more than what's in the financial statements. he then could play detective and distort financial statements with adjustment according to his findings
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