财务习题——习题答案一起.docxVIP

Reading 22 . Financial Statement Analysis: An Introduction 试题整理PRACTICE PROBLEMS1. Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of: A .auditing. B.financial reporting. C.financial statement analysis.2. A companys current financial position would best be evaluated using the: A. balance sheet. B .income statement. C .statement of cash flows.3 .A companys profitability for a period would best be evaluated using the: A .balance sheet. B .income statement. C .statement of cash flows.4 .Accounting policies, methods, and estimates used in preparing financial statements are most likely found in the: A .auditors report. B .management commentary. C .notes to the financial statements.5 .Information about management and director compensation would least likely be found in the: A .auditors report. B .proxy statement. C. notes to the financial statements.6 .Information about a companys objectives, strategies, and significant risks would most likely be found in the: A .auditors report. B .management commentary. C .notes to the financial statements.7 . What type of audit opinion is preferred when analyzing financial statements? A .Qualified. B .Adverse. C .Unqualified.8 . Ratios are an input into which step in the financial statement analysis framework? A .Process data. B .Collect input data. C .Analyze/interpret the processed data.Reading 22 . Financial Statement Analysis: An Introduction 试题答案整理SolutionsSOLUTIONS1. B is correct. This is the role of financial reporting. The role of financial statement analysis is to evaluate the financial reports.2. A is correct. The balance sheet portrays the current financial position. The income statement and statement of cash flows present different aspects of performance.3. B is correct. Profitability is the performance aspect measured by the