A financial statement analysis report:
A) Enables readers to see the process and rationale of analysis.
B) Forces preparers to organize their reasoning and to verify the logic of analysis.
C) Serves as a method of communication to users.
D) Helps users and preparers to refine conclusions based on evidence from key building blocks.
E) All of these.

Question

Quizplus · Accepted Answer

All of the statements mentioned in the options are true. A financial statement analysis report enables readers to see the process and rationale of analysis, helps preparers to organize their reasoning and verify the logic of analysis, serves as a method of communication to users, and helps users and preparers to refine conclusions based on evidence from key building blocks.

A Financial Statement Analysis Report