Question #12
Reading: Reading 13 Integration of Financial Statement Analysis Techniques
PDF File: Reading 13 Integration of Financial Statement Analysis Techniques.pdf
Page: 6
Status: Incorrect
Correct Answer: A
Your Answer: B
Question
An analyst is developing a framework for financial statement analysis for his firm. This framework is most likely to include:
Answer Choices:
A. Define the purpose of the analysis, process input data, and follow up
B. Determine the allocation of firm fees, interpret processed data, and communicate conclusions
C. Maintain integrity of capital markets, perform duties to clients and employers, and avoid conflicts of interest
Explanation
Proper analysis framework should include:
1. Define the purpose of the analysis.
2. Collect input data.
3. Process input data.
4. Interpret processed data.
5. Develop and communicate conclusions.
6. Follow up.