I just read Reading #27 and noticed there are no problems at the end of the reading - what does one take away from this? Was this providing context to the concept of analysts making adjustments and there will likely not be any problems on the exam relating to this reading? Let me know what you think!
this chapter on adjustment of financial statements has a lot of bearing in later work you would see in Equity analysis. So doing problems maybe from Schweser/Stalla is good. know the various scenarios, and how to back stuff out / put stuff back on depending on the situations into the financial statements. also know the impact on several ratios due to the adjustment you made.