Financial vs Operating Leverage

CFA Level II
#1

Anyone have insight on the difference here, and how to calculate, in relation to corporate finance?

#2

this is not in level 2 anymore, i wouldn’t waste time on it.

#3

Thanks

#4

I think it is. DOL, DFL, and DTL?

#5

It was removed from the curriculum as kaboobies said. Move along.

#6

@dreary, where is this material?

#7

I should stop reading 2010 books, that’s for sure.

#8

As a retaker, I kinda freaked out when I didn’t see it this year. Oh well, i should use my brain for more important knowledge.

#9

Op Lev = (P-VC)/(P-VC-FC) or percentage change EBIC / percentage change Sales Fin Lev = Ebit / (Ebit - int ) or percentage change in EPS / percentage change in sales But yeah … not included in this years program.

#10

i spent 35 hours alone on these concepts, i hope we get 2 item sets on them.