CFA 2019 Schweser - Level 1 SchweserNotes Book 3: FINANCIAL REPORTING AND ANALYSIS

Description

SCHWESERNOTES™ 2019 LEVEL I CFA® BOOK 3: FINANCIAL REPORTING AND ANALYSIS The study tool that started it all is taking CFA® exam prep to the next level. A favorite among CFA candidates for nearly 30 years, SchweserNotes™ is a key component as you prepare for the CFA exam and the core element to our Study Program. Absorbing the CFA curriculum in its entirety is no simple task. Make the most of your study time with clear, exam-focused study notes and examples that cover every Learning Outcome Statement in the most effective manner possible. More than just textbooks. SchweserNotes™ were first introduced in 1990 and quickly took off as a “must have” for CFA candidates. And although they are still available as physical books, as technology and candidate needs have evolved, so have SchweserNotes™: SchweserNotes™ eBooks are now included with each order of the Notes, making it easier for you to study on-the-go. Contents......Page 2 List of pages......Page 5 Learning Outcome Statements (LOS)......Page 13 Module 21.1: Financial Statement Roles......Page 21 Module 21.2: Footnotes, Audit, and Analysis......Page 23 Key Concepts......Page 27 Answer Key for Module Quiz......Page 29 Module 22.1: Standards Overview......Page 30 Module 22.2: IFRS and U.S. GAAP......Page 33 Module 22.3: Financial Reporting Framework......Page 37 Key Concepts......Page 40 Answer Key for Module Quizzes......Page 43 Module 23.1: Income Statement Overview......Page 45 Module 23.2: Percentage of Completion......Page 47 Module 23.3: Installment Sales......Page 50 Module 23.4: Expense Recognition......Page 55 Module 23.5: EPS and Dilutive Securities......Page 62 Module 23.6: Common-Size Income Statements......Page 69 Key Concepts......Page 73 Answer Key for Module Quizzes......Page 77 Module 24.1: Balance Sheet Introduction......Page 81 Module 24.2: Assets and Liabilities......Page 82 Module 24.3: Current Assets and Liabilities......Page 83 Module 24.4: Noncurrent Assets and Liabilities......Page 87 Module 24.5: Intangible Assets......Page 88 Module 24.6: Marketable Securities......Page 89 Module 24.7: Shareholders' Equity and Ratios......Page 92 Key Concepts......Page 99 Answer Key for Module Quizzes......Page 102 Module 25.1: Cash Flow Introduction......Page 104 Module 25.2: The Direct and Indirect Methods......Page 112 Module 25.3: Converting Direct to Indirect......Page 121 Module 25.4: Free Cash Flow and Ratios......Page 125 Key Concepts......Page 130 Answer Key for Module Quizzes......Page 133 Module 26.1: Introduction to Financial Ratios......Page 136 Module 26.2: Financial Ratios, Part 1......Page 142 Module 26.3: Financial Ratios, Part 2......Page 147 Module 26.4: DuPont Analysis......Page 156 Module 26.5: More Financial Ratios......Page 161 Key Concepts......Page 167 Answer Key for Module Quizzes......Page 169 Module 27.1: Cost Flow Methods......Page 171 Module 27.2: Inventory Systems......Page 176 Module 27.3: Converting LIFO to FIFO......Page 181 Module 27.4: Inventory Valuation......Page 185 Module 27.5: Inventory Analysis......Page 189 Key Concepts......Page 195 Answer Key for Module Quizzes......Page 199 Module 28.1: Capitalization vs. Expensing......Page 202 Module 28.2: Depreciation......Page 208 Module 28.3: Impairment and Revaluation......Page 214 Module 28.4: Leases and Fixed Asset Disclosures......Page 221 Key Concepts......Page 229 Answer Key for Module Quizzes......Page 233 Module 29.1: Tax Terms......Page 235 Module 29.2: Deferred Tax Liabilities and Assets......Page 236 Module 29.3: Deferred Tax Examples......Page 240 Module 29.4: Change in Tax Rates......Page 242 Module 29.5: Permanent Differences......Page 244 Key Concepts......Page 253 Answer Key for Module Quizzes......Page 256 Module 30.1: Bond Issuance......Page 258 Module 30.2: Discount and Premium Bonds......Page 260 Module 30.3: Issuance Cost, Derecognition, and Disclosures......Page 264 Module 30.4: Lessee Accounting......Page 268 Module 30.5: Lessor Accounting......Page 274 Module 30.6: Pension Plan Accounting......Page 277 Key Concepts......Page 283 Answer Key for Module Quizzes......Page 286 Module 31.1: Reporting Quality......Page 288 Module 31.2: Accounting Choices and Estimates......Page 295 Module 31.3: Warning Signs......Page 298 Key Concepts......Page 301 Answer Key for Module Quizzes......Page 304 Module 32.1: Forecasting......Page 306 Module 32.2: Credit and Equity Analysis......Page 308 Key Concepts......Page 314 Answer Key for Module Quiz......Page 315 Topic Assessment: Financial Reporting and Analysis......Page 317 Topic Assessment Answers: Financial Reporting and Analysis......Page 321 Formulas......Page 324