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Basic Question 6 of 22
True or False? It is virtually impossible to manipulate cash flow.
User Contributed Comments 3
| User | Comment |
|---|---|
| johntan1979 | There's nothing in the books that can't be cooked! |
| ascruggs92 | It is impossible to manipulate total net cash flow because people will notice the lack of reconciliation between the other statements. However, it is possible to manipulate cash flows by classifying cash flows to the incorrect section (Operating, Investing, Financing). |
| merc5559 | And also to the incorrect time period |
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Learning Outcome Statements
describe presentation choices, including non-GAAP measures, that could be used to influence an analyst's opinion
describe accounting methods (choices and estimates) that could be used to manage earnings, cash flow, and balance sheet items
describe accounting warning signs and methods for detecting manipulation of information in financial reports
CFA® 2024 Level I Curriculum, Volume 3, Module 10.