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Understanding Financial Statements (11th Edition) 1.6 Explain the importance of the notes to the financial statements. 1.7 What causes an auditors report to be qualified?

Understanding Financial Statements (11th Edition)

1.6 Explain the importance of the notes to the financial statements.

1.7 What causes an auditors report to be qualified? Adverse? A disclaimer of opinion? Unqualified with explanatory language?

1.8 Why is the management discussion and analysis useful to the financial analyst?

1.10 What are the intangible factors that are important in evaluating a companys financial position and performance but are not available in the annual report?

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