题目
Which of the following accounting issues should mostly likely be considered a character warning flag in credit analysis?
选项
A.Expensing items immediately
B.Changing auditors infrequently
C.Significant off-balance-sheet financing
答案
C
解析
C is correct. A bond’s modified duration cannot be larger than its Macaulay duration assuming a positive yield-to-maturity. The formula for modified duration is:「huixue_img/importSubject/1564548168945897472.png」where r is the bond’s yield-to-maturity per period. Therefore, ModDur will typically be less than MacDur.Effective duration is a measure of curve duration. Modified duration is a measure of yield duration. 这道题目问的是在信用分析中，下列哪些会计问题最有可能被视为特征的警告标志？ C是正确的。信用分析师可以通过评估激进会计政策的使用，如时间收入确认，来判断管理层的特征。该活动可能对发行人信誉产生不利影响。