Study Session 6: Financial Reporting and Analysis: An Introduction
Please explain this to me and give examples:
“Assets may not be offset against liabilities unless specifically permitted or required by a standered”
im very thankfull.
Hi Everyone, are there any CFA candidates in the Cancun/Playa del Carmen area so we can form a study group for the L1 2015 exam?
Does contributed capital include 1. investors who have purchased shares in a company (and have become shareholders) and 2. Shareholders who have purchased additional shares?
I’m at SS7, at that’s probably the most boring SS so far… and I’m scoring over 90% on Qbank, Schweser Notes and CFAI EOC, and I can’t move on, I simply can’t recall all the characteristics of a coherent financial reporting framework, and those stuffs from R24. Should I move on or keeping reviewing until I can see the text in my mind?
i was refering to the videos of 2011 for cfa level 1, so can anyone tell me how much the syllabus has changed for level 1 since 2011
I have a very fundamental question, which is at the intersection of Accounting and Econ.
Let’s say I have a company that has projected the following numbers:
Revenues : $200
Raw Material, Labor and Material : $150
Overhead : $40
Gross Profit : $10
Now, if I reduce the quantity produced by 20% then will my raw material, labor and material expenses also go down by 20%? I am not sure about this because of three reasons:
Quick three questions on taxation on equities:
#1 While calculating Cost of Capital, we use after-tax market value of Debt. However, for equity, we don’t use after-tax at all (i.e. we don’t multiply the market value of Equity with (1-t))? Why so? Is it that the companies don’t pay taxes on the funds raised through equity? I am curious.
I was reviewing a balance sheet for a bunch of financial just to see whether I can understand it. I noticed that many sheets include “operating assets.” I don’t think I have I much idea about this term.
I googled it and found that (source:http://www.accountingtools.com/questions-and-answers/what-are-operating-...) it includes:
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