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Basic Question 1 of 6
Which of the following types of discussions regarding the impact of recently issued accounting changes in management's discussion would provide the least meaningful information to an analyst?
B. The standard will have no material impact.
C. Management is still evaluating the impact.
D. The impact of adoption is discussed.
A. The standard does not apply.
B. The standard will have no material impact.
C. Management is still evaluating the impact.
D. The impact of adoption is discussed.
User Contributed Comments 2
| User | Comment |
|---|---|
| bantoo | why not (D) |
| Creep | Because D suggests management has already discussed the impact with shareholders/analysts. C suggests that management is uncertain about the effects thus it is the least useful for analysts. |
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Andrea Schildbach
Learning Outcome Statements
describe implications for financial analysis of alternative financial reporting systems and the importance of monitoring developments in financial reporting standards
CFA® 2025 Level I Curriculum, Volume 2, Module 1.