CFA财务报表分析练习题"Financial Report":财务报告质量
财务报告与分析中章节的设置是循序渐进、逐层深入的,前面介绍的术语在后面还会有详细的解释与探讨。
由于财务报告与分析本身自立体系,它是上市公司和报表使用人之间沟通交流的语言,所以学起来与外语学习有几分相似。
财务报告与分析一共分为四大部分
第一部分是扫盲阶段,主要介绍财务术语、体系等基本知识。
在此基础上,第二部分更深入地讲解财务报表编制以及财务报表分析的方法
进一步地,第三部分针对存在利润操纵空间的重点科目做详细、深入的讨论
最后,第四部分是前面三部分内容的综合应用
四大部分在考试中占比最大的是第二部分和第三部分,大概占财报分析所有题目的80%以上。其次是第一部分,占比10%左右。
由于第四部分是财务分析的综合应用,不太适合一级的出题形式,所以出题比例相对比较少,大概占5%左右
cfa

Questions 1:

If a company that leases assets for its own use classifies its leases as finance leases instead of as operating leases,its financial statements in the first year would most likely report:
A lower cash from operations.
B higher debt.
C higher equity.

【Answer to question 1】(B)

【analysis】
B is correct.Classifying leases as finance leases rather than operating leases for a lessee would increase the amount of total debt reported because the present value of the total lease payments is recognized as a liability.
A is incorrect.CFO is higher because the lease payment is not deducted from NI,just the portion that is interest expense(unless interest expense is classified as a financing activity...
C is incorrect.The net income is normally lower under a finance lease,so equity would also be lower(retained earnings).

Questions 2:

Which of the following companies would most likely be considered to have the lowest financial reporting quality,other things equal?:
A A company that provides high quality,decision-useful information under GAAP but delays its reports.
B A company that reports significant profits due to a favorable exchange rate movement.
C A company that reports the results from two different segments as a combined entity.

【Answer to question 2】(c)

【analysis】
C is correct.Combining the results from two segments is an example of biased reporting,which falls in the middle of the quality spectrum.It is difficult to interpret the profitability of each segment when their results are combined.
A is incorrect.The company’s reports are high quality,but the delay in reporting impairs their usefulness somewhat.The reporting is still better than biased reporting.
B is incorrect.This is an example of decision-useful information about a result that may not be sustainable.Reporting is not of the highest quality,but is better than biased reporting.
以上就是【CFA财务报表分析练习题之CFA财务报表分析练习题之财务报告质量】的全部内容,如果你想学习更多CFA相关知识,欢迎大家前往高顿教育官网CFA频道!在这里,你可以学习更多精品课程,练习更多重点试题,了解更多最新考试动态