QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

59. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013 59. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM MORNING 2013

59. According to the International Accounting Standards Board’s Conceptual Framework for

Financial Reporting, the two fundamental qualitative characteristics that make financial

information useful are best described as:

A. timeliness and accrual accounting.

B. understandability and verifiability.

C. relevance and faithful representation.