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Basic Question 3 of 10
Earnings quality is typically defined in terms of:
II. consistence.
III. sustainability.
IV. reliability.
I. persistence.
II. consistence.
III. sustainability.
IV. reliability.
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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® 2025 Level II Curriculum, Volume 2, Module 14.