NO.PZ2016012101000208
问题如下:
To properly assess a company’s past performance, an analyst requires:
选项:
A.high earnings quality.
B.high financial reporting quality.
C.both high earnings quality and high financial reporting quality.
解释:
B is correct.
Financial reporting quality pertains to the quality of the information contained in financial reports. If financial reporting quality is low, the information provided is not useful to assess the company’s performance. Financial reporting quality is distinguishable from earnings quality, which pertains to the earnings and cash generated by the company’s actual economic activities and the resulting financial condition.
是说,要分析一家公司财务报表好不好要看质量和earning。第一步看质量,质量好的分析师才能继续分析(也就是这道题考的)。第二步看earning,earning可持续的,这家报表就是有质量的,earning不可持续不好的就不是有质量的报表?