As I review my notes in FSA, I don’t see too many calculations in SS 7. It is mostly what will happen to X or how to recognize X. I guess they could throw some calcs in synthesis, but the LOS all say Analyze and evaluate. Edit* Nevermind, just read the CFA website, Evaluate means To determine or fix the value of; to determine the significance or worth of, usually by careful appraisal and study. Guess we will be recalculating the Balance sheet and income statements.
SS7 is the heart of the entire FSA section and maybe the test - knowing how to change the financial statements to reflect the true earnings of the company. I think Schweser did a crappy job of outlining all the potential things you could have to adjust!
yeah, by analyze, evaluate, and discuss they usually mean “bend over”