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Basic Question 9 of 12
In general, high-quality earnings mean:
II. the earnings are derived from sustainable rather than non-recurring items.
I. accounting estimates are unbiased.
II. the earnings are derived from sustainable rather than non-recurring items.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain the CAMELS (capital adequacy, asset quality, management, earnings, liquidity, and sensitivity) approach to analyzing a bank, including key ratios and its limitations;
analyze a bank based on financial statements and other factors;
CFA® 2025 Level II Curriculum, Volume 2, Module 13.