財務報告與分析中章節(jié)的設置是循序漸進、逐層深入的，前面介紹的術語在后面還會有詳細的解釋與探討。
由于財務報告與分析本身自立體系，它是上市公司和報表使用人之間溝通交流的語言，所以學起來與外語學習有幾分相似。
財務報告與分析一共分為四大部分：
第一部分是掃盲階段，主要介紹財務術語、體系等基本知識。
在此基礎上，第二部分更深入地講解財務報表編制以及財務報表分析的方法。
進一步地，第三部分針對存在利潤操縱空間的重點科目做詳細、深入的討論。
最后，第四部分是前面三部分內容的綜合應用。
四大部分在考試中占比最大的是第二部分和第三部分，大概占財報分析所有題目的80%以上。其次是第一部分，占比10%左右。
由于第四部分是財務分析的綜合應用，不太適合一級的出題形式，所以出題比例相對比較少，大概占5%左右。
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CFA財務報表分析練習題＂Financial Report＂:Treasury Stock

Questions 1:

If a company repurchases its own shares and can reissue them at a later time,these shares are best described as:
A、preferred stock.
B、marketable securities.
C、treasury stock.
【Answer to question 1】C
【analysis】
C is correct.When a company repurchases its own shares and does not cancel them,they are referred to as treasury shares(or treasury stock).A is incorrect.Preferred shares(or preferred stock),a component of equity,are a type of equity interest,that ranks above common shares with respect to payment of dividends and the distribution of net assets upon liquidation.B is incorrect.Marketable securities are financial assets and include investments in debt or equity securities that are traded in a public market.

Questions 2:

Last year,a company’s current ratio was 0.96.Partial information is provided from the company’s balance sheet for the current year:
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No other current assets or current liabilities were reported.Comparing the company’s current ratio this year with the prior year most likely indicates that the company’s ability to meet short-term obligations has:
A、increased.
B、decreased.
C、not changed.
【Answer to question 2】A
【analysis】
A is correct.First identify the current assets:cash and equivalents,inventory,and accounts receivable.Then calculate the current ratio(Current assets/Current liabilities)as follows:
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An increase in the current ratio(from 0.96 to 1.11)most likely indicates a higher level of liquidity and,therefore,an increased ability to meet short-term obligations.
B is incorrect.It excludes the inventory(confusing current ratio with quick ratio)and appears to have decreased:(1950+2,540)/4920=0.91.
C is incorrect.It incorrectly double counts the current portion of the long-term debt,which is already included in total current liabilities,so it appears to be unchanged:(5,440/(4,920+720)=0.964.
以上就是【CFA財務報表分析練習題＂Financial Report＂:Treasury Stock】的全部內容，如果你想學習更多CFA相關知識，歡迎大家前往高頓教育官網(wǎng)CFA頻道！在這里，你可以學習更多精品課程，練習更多重點試題，了解更多最新考試動態(tài)。