Q1. According to the IASB, which of the following least accurately describes financial reporting? Financial reporting: A) uses the information in a company’s financial statements to make economic decisions. B) provides information about changes in financial position of an entity. C) is useful to a wide range of users.
Q2. Which of the following is least likely to be considered a role of financial statement analysis? A) Assessing the management skill of the company’s executives. B) To make economic decisions. C) Determining whether to invest in the company’s securities.
Q3. Which of the following best describes financial reporting and financial statement analysis? A) Financial reports assess a company’s past performance in order to draw conclusions about the company’s ability to generate cash and profits in the future. B) The objective of financial analysis is to provide information about the financial position of an entity that is useful to a wide range of users. C) Financial reporting refers to how companies show their financial performance and financial analysis refers to using the information to make economic decisions.
Q4. Which of the following statements about financial statement analysis and reporting is least accurate? A) Deciding whether to recommend a company’s securities to investors is a role of financial statement analysis. B) Financial statement analysis focuses on the way companies show their financial performance to investors by preparing and presenting financial statements. C) Providing information about changes in a company’s financial position is a role of financial reporting.
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发表于 2009-1-16 09:11
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