- CFA Exams
- 2021 Level I
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 26. Long-lived Assets
Why should I choose AnalystNotes?
AnalystNotes specializes in helping candidates pass. Period.
Learning Outcome Statements PDF Download
| 1. Capitalizing versus Expensing a. distinguish between costs that are capitalised and costs that are expensed in the period in which they are incurred; c. explain and evaluate how capitalising versus expensing costs in the period in which they are incurred affects financial statements and ratios; | |
| 2. Intangible Assets b. compare the financial reporting of the following types of intangible assets: purchased, internally developed, acquired in a business combination; f. describe the different amortisation methods for intangible assets with finite lives and calculate amortisation expense; g. describe how the choice of amortisation method and assumptions concerning useful life and residual value affect amortisation expense, financial statements, and ratios; | |
| 3. Depreciation Methods d. describe the different depreciation methods for property, plant, and equipment and calculate depreciation expense; e. describe how the choice of depreciation method and assumptions concerning useful life and residual value affect depreciation expense, financial statements, and ratios; | |
| 4. The Revaluation Model h. describe the revaluation model; | |
| 5. Impairment of Assets i. explain the impairment of property, plant, and equipment and intangible assets; | |
| 6. Derecognition j. explain the derecognition of property, plant, and equipment and intangible assets; k. explain and evaluate how impairment, revaluation, and derecognition of property, plant, and equipment and intangible assets affect financial statements and ratios; | |
| 7. Presentation and Disclosures l. describe the financial statement presentation of and disclosures relating to property, plant, and equipment and intangible assets; m. analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets; | |
| 8. Investment Property n. compare the financial reporting of investment property with that of property, plant, and equipment; | |
| 9. Leasing o. explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios; p. explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee. |
I used your notes and passed ... highly recommended!
Lauren
My Own Flashcard
Add