FSA - Introduction to Financial Statement Analysis
10 important questions on FSA - Introduction to Financial Statement Analysis
Which of the following best describes the role of financial statement analysis?
A core objective of the International Organization of Securities Commissions is to:
Accounting policies, methods, and estimates used in preparing financial statements are most likely to be found in the
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Information about a company’s objectives, strategies, and significant risks are most likely to be found in the:
What type of audit opinion is preferred when analyzing financial statements, from high to low
An independent audit report is most likely to provide:
B. reasonable assurance that the financial statements are fairly presented.
C. a qualified opinion with respect to the transparency of the financial statements.
Which of the following statements is most accurate about the responsibilities of an auditor for a publicly traded firm in the United States? The auditor must:
B. ensure that the financial statements are free from error, fraud, or illegal acts.
C. express an opinion about the effectiveness of the company’s internal control systems.
Providing information about the performance of a company, its financial position, and changes in financial position that is useful to a wide range of users is most accurately described as the role of:
Where might an analyst look for details covering the full extent of a company’s capital resources?
The framework for inancial analysis has six steps:
1. State the objective of the analysis.
2. Gather data.
3. Process the data.
4. Analyze and interpret the data.
5. Report the conclusions or recommendations.
6. Update the analysis.
The question on the page originate from the summary of the following study material:
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