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Basic Question 6 of 7
High earnings quality means ______.
B. reporting earnings in a conservative way so they appear low
C. neither of the above
A. reporting high earnings
B. reporting earnings in a conservative way so they appear low
C. neither of the above
User Contributed Comments 1
| User | Comment |
|---|---|
| Antoinepo | We want to have conservative ESTIMATIONS |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
compare financial reporting quality with the quality of reported results (including quality of earnings, cash flow, and balance sheet items)
CFA® 2024 Level I Curriculum, Volume 3, Module 10.