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Basic Question 0 of 3

Ratios for all companies following generally accepted accounting principles ______

A. will always be standardized.
B. can vary due to different accounting treatments.
C. will always be correct.

User Contributed Comments 3

User Comment
viannie different accounting treatment for example: inventory -> FIFO or LIFO or etc ...
johntan1979 Depreciation, bad debt write-off...
jabiller Generally accepted and can vary do not make sense.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe tools and techniques used in financial analysis, including their uses and limitations

CFA® 2026 Level I Curriculum, Volume 3, Module 11.