According to the International Accounting Standards Boards Conceptual Framework for Financial Reporting, the two fundamental qualitative characteristics that make financial information useful are best
A. Timeliness and accrual accounting
B. understandability and verifiability
C. Relevance and faithful representation
查看答案
During a period of rising inventory costs, a company decides to change its inventory method from FIFO to the weighted average cost method. Which of the following financial ratios will most likely incr
A. Current
B. Debt-to-equity
C. Number of days in inventory
Jack Steyn, CFA, recently became the head of the trading desk at a large investment management firm that specializes in domestic equities. While reviewing the firms trading operations, he notices clie
A. Equity research reports
B. Investment conference attendance
C. Database services for offshore investments
Which of the following reports is least likely to be filed with the SEC?
A. Form 10-K
B. Annual report
C. Proxy statement
Rodney Rodrigues, CFA, is responsible for identifying professionals to manage specific asset classes for his firm. In selecting external advisers or sub advisers, Rodrigues reviews the advisers invest
Adherence to strategy.
B. Performance measures
C. Internal control procedures.