- CFA Exams
- Level I 2020
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 22. Understanding Balance Sheets
Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
Learning Outcome Statements PDF Download
| 1. Components and Format of the Balance Sheet a. describe the elements of the balance sheet: assets, liabilities, and equity; b. describe uses and limitations of the balance sheet in financial analysis; c. describe alternative formats of balance sheet presentation; d. distinguish between current and non-current assets, and current and non-current liabilities; | |
| 2. Measurement Bases of Assets and Liabilities e. describe different types of assets and liabilities and the measurement bases of each; | |
| 3. Financial Instruments: Financial Assets and Financial Liabilities e. describe different types of assets and liabilities and the measurement bases of each; | |
| 4. Equity f. describe the components of shareholders' equity; | |
| 5. Uses and Analysis of the Balance Sheet g. convert balance sheets to common-size balance sheets and interpret common-size balance sheets; h. calculate and interpret liquidity and solvency ratios. |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
My Own Flashcard
No flashcard found. Add a private flashcard for the reading.
Add