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Free CFA Financial Statement Analysis Practice Questions & Answers

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Question 601

Which inventory method is permitted under US GAAP but prohibited under IFRS?

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Question 602

Under IFRS, development costs must be:

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Question 603

Under US GAAP, reversal of inventory write-downs is:

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Question 604

Which characteristic best distinguishes IFRS from US GAAP?

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Question 605

Which of the following is a required disclosure for reportable segments?

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Question 606

A segment must be reported separately if it represents at least what percentage of combined segment revenue, assets, or profit?

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Question 607

If reportable segments collectively represent less than 75% of total revenue, the company must:

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Question 608

Which of the following is typically included in segment disclosures if reviewed by the chief decision-maker?

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Question 609

Which type of information is most likely found in the notes to financial statements?

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Question 610

Which phase of analysis includes comparing actual results to expectations?

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Question 611

Which filing is used by non-US registrants for annual reporting?

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Question 612

Which filing is semiannual for many non-US companies?

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Question 613

Which of the following is a typical source of information during data collection?

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Question 614

Which filing includes MD&A for interim periods?

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Question 615

Which of the following is a required disclosure for each reportable segment?

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Question 616

Which filing is most useful for analyzing insider trading patterns?

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Question 617

Which of the following is a characteristic of an operating segment?

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Question 618

Which filing includes information about legal proceedings?

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Question 619

Which phase of analysis includes ratio analysis?

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Question 620

Which filing is required before a shareholder meeting?

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Question 621

Which of the following is a typical component of the annual report but not the 10-K?

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Question 622

Which filing is used to disclose the proposed sale of restricted securities?

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Question 623

Which of the following is a typical note disclosure?

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Question 624

Which phase includes creating graphs for analysis?

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Question 625

Which filing is most likely to include risk factors?

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Question 626

Which of the following is required for segment reporting under IFRS and US GAAP?

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Question 627

Which filing is used to disclose changes in accountants or disagreements with auditors?

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Question 628

Which phase includes valuation modeling?

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Question 629

Which filing provides unaudited financial statements for interim periods?

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Question 630

Which type of information is most likely to appear in the notes rather than the primary financial statements?

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Free CFA Financial Statement Analysis Practice Questions & Answers

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