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Basic Question 0 of 6
An equity analyst is trying to value a publicly-traded company using its disclosed accounting figures. He should carefully analyze quantitative information available but not distort the accounting figures by taking his own subjective views. True or False?
User Contributed Comments 1
| User | Comment |
|---|---|
| vi2009 | footnotes and disclosure reveals more than what's in the financial statements. he then could play detective and distort financial statements with adjustment according to his findings |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
contrast absolute and relative valuation models and describe examples of each type of model;
describe sum-of-the-parts valuation and conglomerate discounts;
explain broad criteria for choosing an appropriate approach for valuing a given company.
CFA® 2026 Level II Curriculum, Volume 3, Module 20.