Tutorial lessons
MODULE 04 — Financial Statement Analysis
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Lessons
Tutorial lessons
FSA 1 Introduction to Financial Statement Analysis
A map of how analysts read company reports, what those reports contain, and where else information comes from. Check-yourself items are study aids. The Financial Statement Analysis Framework Financial
FSA 2 Analyzing Income Statements
When revenue and expenses are recognized, how basic and diluted EPS are built, and how common-size statements compare companies. Check-yourself items are study aids. Revenue recognition Under accrual
FSA 3 Analyzing Balance Sheets
How assets and liabilities are measured, from intangibles and goodwill to financial instruments, and how common-size statements and ratios read a balance sheet. Check-yourself items are study aids. Ho
FSA 4 Analyzing Statements of Cash Flows I
How the cash flow statement links to the income statement and balance sheet, and how to build it by the direct and indirect methods. Check-yourself items are study aids. Linkages Between the Financial
FSA 5 Analyzing Statements of Cash Flows II
CFA LEVEL 1 · FINANCIAL STATEMENT ANALYSIS Analyzing Statements of Cash Flows II Turning the cash flow statement into analysis: sources and uses, common-size views, free cash flow, and cash flo
FSA 6 Analysis of Inventories
How the cost formula, write-downs, and disclosures reshape reported profit, assets, and the ratios analysts depend on. Check-yourself items are study aids. Why the Inventory Method Matters For merchan
FSA 7 Analysis of Long-Term Assets
Recognizing intangibles, testing long-lived assets for impairment, derecognizing and disclosing them, and reading those disclosures. Check-yourself items are study aids. Measuring Long-Term Assets Pro
FSA 8 Topics in Long-Term Liabilities and Equity
How firms report leases, pensions, and share-based pay, and what those choices do to the statements. Check-yourself items are study aids. Leases: Definition, Advantages, and Classification Non-current
FSA 9 Analysis of Income Taxes
Why the tax number on the income statement differs from the cash a company hands the tax authority, and what deferred taxes tell an analyst. Check-yourself items are study aids. Differences Between Ac
FSA 10 Financial Reporting Quality
How to place a company’s reports along a quality spectrum, read the motives and warning signs behind biased reporting, and know what disciplines it. Check-yourself items are study aids. Reportin
FSA 11 Financial Analysis Techniques
Turning financial statement data into ratios, common-size statements, and DuPont decompositions that explain performance. Check-yourself items are study aids. The Financial Analysis Process Analysts c
FSA 12 Introduction to Financial Statement Modeling
Building a sales-driven pro forma model, then stress-testing it against behavioral bias, competition, and inflation. Check-yourself items are study aids. Building a Financial Statement Model The finan