A comprehensive guide covering all essential topics for the CFA Level 1 exam.
Framework, users, scope, and regulatory sources.
Revenue recognition, expense analysis, and EPS calculations.
Assets, liabilities, equity, and financial instruments analysis.
Operating, investing, and financing activities; direct vs. indirect method.
Free cash flow, cash flow ratios, and advanced techniques.
Valuation methods (FIFO vs. LIFO) and management ratios.
PP&E, intangible assets, impairment, and depreciation methods.
Leases, pension plans, and share-based compensation.
Deferred taxes, temporary differences, and tax accounting.
Earnings quality, red flags, and manipulation detection.
Ratio analysis, DuPont framework, and comparative methods.
Building pro-forma statements and forecasting techniques.
Comparative analysis of international and U.S. accounting standards.