CFA Level I Financial Reporting and Analysis

Financial Reporting and Analysis for CFA Level 1 carries the largest exam weighting. Our CFA Financial Reporting and Analysis study material will help you build confidence understanding income statements, balance sheets and cash flow statements, as well as how to account for inventories, bonds and taxes.

This module cracks the exam code by showing you how to:

  • Correctly apply IFRS and U.S. GAAP accounting differences.

  • Easily remember and interpret key financial ratios.

  • Calculate revenue under percentage of completion and completed contract.

  • Compute and interpret earnings per share and diluted earnings per share.

  • Account for non-recurring items on an income statement.

  • Account for inventory LIFO, FIFO, Peiodic and Perpectual

  • Interpret and analyse deferred tax liabilities, deferred tax assets and valuation allowances.

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CFA Level I Financial Reporting and Analysis

There are 12 sections included in this module:

  • 1

    CFA Study Materials

    • Prof. Gordon's Welcome Message

    • Level I Financial Reporting and Analysis Welcome

    • Study Notes - Study Sessions 5 and 6

    • Study Notes - Study Sessions 7 and 8
  • 2

    Financial Statement Analysis and Financial Reporting Standards

    • Accounting Intro

    • Financial Reporting and Analysis Intro

    • Financial Statements Intro

    • Introduction to Financial Statement Analysis Lesson

    • Financial Reporting Standards Intro

    • Financial Statement Analysis and Financial Reporting Standards Lesson

    • Comment on Preliminary Reading

    • Preliminary Reading - Financial Reporting Mechanics Lesson

    • Preliminary Reading

    • Quick Teaching Video Clips Introduction

    • Accrual Adjustments
  • 3

    Understanding Income Statements

    • Understanding the Income Statement Intro

    • Understanding Income Statements Lesson - Part 1

    • Converged Accounting Standards for Revenue Recognition

    • Quick Teaching Video Clips Intro

    • Weighted Average Shares Outstanding

    • Understanding Income Statements Lesson - Part 2

    • Quick Teaching Video Clips Intro

    • Diluted EPS

    • Treasury Stock Method
  • 4

    Understanding Balance Sheets and Cash Flow Statements

    • Understanding the Balance Sheet Intro

    • Understanding the Cash Flow Statement Intro

    • Understanding Balance Sheets and Cash Flow Statements Lesson

    • Quick Teaching Video Clips Intro

    • CFO Direct Method

    • CFO Indirect Method
  • 5

    Financial Analysis Techniques

    • Financial Analysis Techniques Intro

    • Financial Analysis Techniques Lesson

    • Quick Teaching Video Clips Intro

    • ROE 3 Stage

    • ROE 5 Stage
  • 6

    Inventories

    • Accounting for Inventory Intro

    • Accounting for Inventory Lesson

    • Quick Teaching Video Clips Intro

    • LIFO Perpetual

    • LIFO Periodic

    • FIFO Periodic

    • COGS Formula - Periodic

    • Convert LIFO to FIFO Inventory

    • LIFO to FIFO Adjustment - Calculation Example
  • 7

    Long Lived Assets

    • Long Lived Assets Intro

    • Long-lived Assets Lesson

    • Quick Teaching Video Clips Intro

    • Capitalizing vs Expensing

    • Fixed Asset Impairment

    • Accounting for Write-downs and Write-ups
  • 8

    Income Taxes

    • Deferred Income Taxes Intro

    • Deferred Income Taxes Lesson

    • Quick Teaching Video Clips Intro

    • Deferred Taxes Basic Examples

    • Deferred Taxes Income Statement
  • 9

    Non-current (Long-term) Liabilities

    • Non-current (Long-term) Liabilities Intro

    • Non-current (Long-term) Liabilities Lesson

    • Quick Teaching Video Clips Intro

    • Accounting for Bonds
  • 10

    Financial Reporting Quality

    • Financial Reporting Quality Intro

    • Financial Reporting Quality Lesson

    • Applications of Financial Statement Analysis Intro

    • Applications of Financial Statement Analysis Lesson

    • Quick Teaching Video Clips Intro

    • Lease Adjustments on the Balance Sheet

    • Lease Adjustments on the Income Statement
  • 11

    Practice Questions

    • Practice Questions Intro

    • FRA Quiz 1

    • FRA Quiz 2

Teaching what you need to know to pass!

CFA Level I Financial Reporting and Analysis Module

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