Topic outline

  • Learn

    20 slides | 77 mins. |  140 tasks | 116 questions | 255 points | 181 pass points | 25% weight

    The candidate should be able to: 

    a. describe the roles of financial reporting and financial statement analysis; 

    b. describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company’s performance and financial position; 

    c. describe the importance of financial statement notes and supplementary information—including disclosures of accounting policies, methods, and estimates—and management’s commentary; 

    d. describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls; 

    e. identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information; 

    f. describe the steps in the financial statement analysis framework.

    You need to score 70% to pass this Learn phase, which contributes 25% to your overall ecourse grade.

    Multiple Answers Possible

    We mark some questions to say multiple answers are possible even though there is only one correct answer. We do this to encourage you to consider each option carefully. Most other times, we ask you to select the best answer or answers.

    ▸ Incorrect Choice Penalty

    Every choice option or item carries a single point but a correct choice is nullified by an incorrect choice. 

    ▸ Retry

    However, retry is possible for all questions so you can achieve a perfect score here to earn the full weight.

    You need to score 70% overall ecourse grade to receive your Certificate of Self-Directed Learning Achievement for this ecourse.

    Your learning achievement is awarded as follows:

    95%+ High Distinction

    90%+ Distinction

    85%+ Merit

    80%+ High Pass

    70%+ Pass 

    Your certificate will bear the honor you achieved (see this sample).

  • Knowledge Summary

    15 mins. | 17 questions/points | 12 pass points | 25% weight

    Reinforce your learning with this knowledge summary.

    ▸ Learning Objectives Answers

    You will consolidate your learning with these compact answers specifically satisfying the command keywords of the learning objectives.

    ▸ Glossary

    You will boost your retention with these direct-to-the-point, no-frills key concepts and their definitions.

    You need to score 70% to pass this Knowledge phase, which contributes 25% to your overall ecourse grade. Every question carries a single point and there is no retry. While the eCPD Academy's Learn+Practice operate here only at Bloom's remember and understand levels, the repetition promotes longer retention.
    You need to score 70% overall ecourse grade to receive your Certificate of Self-Directed Learning Achievement for this ecourse.

    Your learning achievement is awarded as follows:

    95%+ High Distinction

    90%+ Distinction

    85%+ Merit

    80%+ High Pass

    70%+ Pass 

    Your certificate will bear the honor you achieved (see this sample).


    • Other Study Resources