In L2 which needs to be covered first. Would reading FSA before Equity lead to better understanding.
Does order of reading make a big difference.
kiranster Wrote: ------------------------------------------------------- > Does order of reading make a big difference. In my opinion the order doesnt matter. In EQ you’ll need to know I/S acct (op income, a/r for bad debt, amort meth…) since these acct may have to be adjusted to perform relevant multiple calcs. For example, to calc EPS in P/E you have to account for non-recurring income. But the info in FSA for level II is more complex than that and assumes you already have a grasp of those relationships from Level I. Anyone else have an opinion on that?