"Financial Report":Forecasts

下載正保會(huì)計(jì)網(wǎng)校APP 訂閱最新報(bào)考消息

來源: 正保會(huì)計(jì)網(wǎng)校編輯：小鞠橘桔 2021/03/05 09:17:34　字體：大小

學(xué)習(xí)是一個(gè)不斷積累的過程，每天學(xué)習(xí)一點(diǎn)，每天進(jìn)步一點(diǎn)！為了幫助大家更高效地備考2021年CFA考試，正保會(huì)計(jì)網(wǎng)校每日為大家上新CFA習(xí)題供大家練習(xí)。讓網(wǎng)校與您一起高效備考2021年CFA考試，夢(mèng)想成真！

Questions 1:

Selected information for a company and its industry’s average return on equity (ROE) is provided:

Financial Report:Forecasts

Which of the following is most likely a contributor to the company’s inferior ROE compared with that of the industry? The company’s lower:

A、 financial leverage.

B、 tax burden ratio.

C 、interest burden ratio.

Questions 2:

When forecasting earnings, an analyst’s best approach is to:

A 、establish a precise forecast based on the results of economic and financial analysis.

B、 calculate a range of possibilities based on the results of financial analysis.

C 、utilize the results of financial analysis and professional judgment.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. Compare the three specified components from the five-way DuPont analysis:

Financial Report:Forecasts

The lower financial leverage ratio relative to the industry is one of the causes of the company’s poor relative performance.

B is incorrect, as per table. C

is incorrect, as per table.

【Answer to question 2】C

【analysis】

C is correct. Forecasts are not limited to a single point estimate but should involve a range of possibilities. The results of financial analysis are integral to this process, along with judgment of the analysts.

A is incorrect. Forecasts should involve a range of possibilities and should not be based solely on economic and financial analysis.

B is incorrect. While analysts should derive a range of possibilities, they should not rely solely on financial analysis.

成功=時(shí)間+方法，自制力是這個(gè)等式的保障。世上無天才，高手都是來自刻苦的練習(xí)。而人們經(jīng)常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習(xí)，即使是一點(diǎn)點(diǎn)的進(jìn)步，大家一定可以成為人人稱贊的“牛人”。

點(diǎn)擊了解更多CFA考試資訊>>

點(diǎn)擊了解CFA無憂直達(dá)班>>

上一篇："Financial Report":Earnings management

下一篇："Financial Report":Direct cash flow stat...