Guys
How to tackle the projects free cash flow models in equity using projected sales in Reading 33. It is very very confusing as depreciation etc are treated differently. 
Can you be more specific? Point us to an example, a problem, or a page number…
Any tip to remember Yardeni model
It’s not an LOS, dude. Just extra fluff…
Aeter you mean any topic not in LOS wont come in exam
yardeni model was in l3 wasn’t it??seems they changed it up a bit again?
That’s the whole point of the LOSs. You should be keeping track of the LOSs when going through a reading. Especially, action words like “calculate” vs. “describe.”
For example, an LOS in reading 55 says, " explain how an analyst’s accuracy in forecasting alphas can be measured." There are no other LOSs related to that section of the reading. The actual section in the reading has tons of equations and mathematical derivations. You don’t have to spend time memorizing those equations because the LOS doesn’t expect you to calculate anything. You just need to be able to explain the concepts.
As is, there are very few items in level 2 that you can ignore. Keeping track of the LOSs for every reading will allow you to be strategic in your approach. I usually don’t focus too much on LOSs and make it a goal to understand everything in a reading. However, I do skim through all LOSs. When there are concepts in a reading that seem alien, I’ll skip back to the LOSs for that section and confirm what the Institute wants us to do (action words - calculate, describe, explain, etc.). So if don’t have to spend time on calculations, I won’t.
Not sure about level 3 (not there yet :)), but level 2 has a short informatory example on page 295 in reading 33.
wow thats a great input man. So that means Yardine model wont come in exam
ITS not given in scswer
Aether i totally disagree with you. Things that werent asked to be calculated specifically did get asked in the actual exam. I have specific examples but obviously ill be breaking the code if i told you. Going through the material now im learning every single calculation to be prepared nxt year. Everything is fair game.
Trogulj i think better safe than sorry 
I think my message was taken out of context. I definitely wasn’t suggesting to skip anything. That’s why I prefaced some of my statements by saying that I try to understand every reading, with minimal regards to the LOSs. I’m sorry if I miscommunicated!
Also, I should have pointed out that reading 55 was special: it has a clear note (not an LOS, but a separate note) on the first page that says we’re not responsible for knowing the formulas.
This usually clears up what LOS command words entail
http://www.cfainstitute.org/Documents/cfa_and_cipm_los_command_words.pdf
residual income chapter sucks 
Alladin, Awesome resource, thanks!
GUys
How much detail do we have to accounting adjustments in residual income chapter
Per my recollection in residual income valuation, we did not do much accounting adjustment just qualitative understanding.