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Basic Question 5 of 5
True or False: Estimates and judgments are two elements that may weaken the usefulness of financial statement information.
User Contributed Comments 3
| User | Comment |
|---|---|
| surob | Estimates and judgements can be used if information is immaterial |
| yonghui | yes, the innaterial information can use both them. |
| magicchip | Except both are used in certain asset valuations, which would make it material. |
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Learning Outcome Statements
describe the roles of financial statement analysis
CFA® 2025 Level I Curriculum, Volume 2, Module 1.