Level I Question #6: Which of the following best describes financial reporting and financial statement analysis? A. 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. B. 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. C. Financial reporting refers to how companies show their financial performance and financial analysis refers to using the information to make economic decisions. Answer will be posted on November 9, 2014.
Posted on: Thu, 08 May 2014 14:01:54 +0000
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