"Corporate finance"exercise:Financial Analysis Techniques
学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！
Questions 1:
An analysis used to forecast earnings that shows the changes in key financial quantities that result from alternative sets of economic events best describes which of the following techniques?
A 、Sensitivity analysis
B、 Simulation
C 、Scenario analysis
Questions 2:
For a company reporting under IFRS, which of the following events most likely represents low financial reporting quality? The company:
A 、included gains from foreign exchange rate changes in its cost of goods sold.
B、 entered a long-term lease for a customized piece of equipment and classified it as a finance lease.
C、 reported an increase in EPS as a result of the sale of a subsidiary.
C is correct. Scenario analysis shows the changes in key financial quantities that result from given economic events, such as the loss of customers or a catastrophic event. A is incorrect. Sensitivity analysis, also known as “what if” analysis, shows the range of possible outcomes as specific assumptions are changed. B is incorrect. Simulation is a computer-generated sensitivity or scenario analysis based on probability models for the factors that drive outcomes
A is correct. High financial reporting quality provides useful information to decision makers. Since foreign exchange gains and losses may not recur, they should be disclosed separately and not included in cost of goods sold. B is incorrect. Long-term leases for customized pieces of equipment should be reported as finance leases and conforms to IFRS, therefore this is not low quality reporting. C is incorrect. If properly disclosed, an increase in EPS from the sale of a subsidiary does not represent low quality financial reporting, but it may be low quality earnings
成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。
