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Basic Question 0 of 2
To evaluate the quality of financial reports an analyst should examine the statement of cash flows. The focus should be MOST LIKELY on:
B. financing cash flows.
C. investment cash flows.
A. operating cash flows.
B. financing cash flows.
C. investment cash flows.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe the concept of sustainable (persistent) earnings;
describe indicators of earnings quality;
explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion;
CFA® 2026 Level II Curriculum, Volume 2, Module 14.