- CFA Exams
- 2024 Level I
- Topic 3. Financial Statement Analysis
- Learning Module 19. Understanding Balance Sheets
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Learning Outcome Statements PDF Download
1. Components and Format of the Balance Sheet describe the elements of the balance sheet: assets, liabilities, and equity; describe uses and limitations of the balance sheet in financial analysis; describe alternative formats of balance sheet presentation; contrast current and non-current assets and current and non-current liabilities; | |
2. Measurement Bases of Assets and Liabilities describe different types of assets and liabilities and the measurement bases of each; | |
3. Financial Instruments: Financial Assets and Financial Liabilities describe different types of assets and liabilities and the measurement bases of each; | |
4. Equity describe the components of shareholders' equity; | |
5. Uses and Analysis of the Balance Sheet demonstrate the conversion of balance sheets to common-size balance sheets and interpret common-size balance sheets; calculate and interpret liquidity and solvency ratios. |
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