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This free ecourse is a study group open to any CFA Candidate in Level I who is not enrolled in any of our ecourses for the CFA Program.
This free ecourse is a study group open to any CFA Candidate in Level II who is not enrolled in any of our ecourses for the CFA Program.
This free ecourse is a study group open to any CFA Candidate in Level III who is not enrolled in any of our ecourses for the CFA Program.
This free ecourse is the first of ten ecourses on the Financial Analysis and Reporting topics of the 2019 CFA Level I Exams. While this targets the CFA Program, this ecourse is a foundation course for non-finance/non-accountants (including the investing general public), startup and small business entrepreneurs and financial analysts.
Not only you will learn the core knowledge of Reading 21 useful for your exam preparation but also you will acquire value-added knowledge useful in real-life application. We call this lesson design our 2-in-1 course delivery as you train for both exam and practice.
The candidate should be able to:
a. describe the roles of financial reporting and financial statement analysis;
b. describe the roles of the statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows in evaluating a company’s performance and financial position;
c. describe the importance of financial statement notes and supplementary information—including disclosures of accounting policies, methods, and estimates—and management’s commentary;
d. describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls;
e. identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information;
f. describe the steps in the financial statement analysis framework.
You can learn this ecourse in under two hours on average for combined Lesson, Practice and Knowledge Summary sections. Each lesson slide has only few bullet points, avoiding unnecessary wordiness. Practice questions are random 1/4 of a comprehensive questions pool.
You will learn the relevant current standards from International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Standards (US GAAP) as we update this ecourse when the standards change.
You will learn the lessons of Reading 21 enriched with extra learning points that reinforce your knowledge of the reading material.
You will know which learning objective (both under Bloom and CFA Program) is achieved by each learning point and practice question. Plus you will get summary answers to CFA Program's Learning Outcome Statements or LOS (i.e. learning objectives) and compact definitions of key concepts covered in the ecourse.
You will read excerpts of relevant accounting standards so you can have exprience of interacting with the language of the IASB and FASB.
You will also understand the structure and general contents of financial statements of Microsoft under US GAAP and Rolls-Royce under IFRS and even discover key facts about thier businesses. For example, you will discover yourself how:
▸ Microsoft overcame declining product sales with services.
▸ Rolls-Royce dramatically increased its net profit 30x for the same amount of gross margin.
The content text readability is in plain English, easily understood by even age 13-15 learners.
Rather than stating the learning points for you to remember or understand, we frame them as questions for you to analyze and evaluate so you derive the learning points yourself using your innate intelligence, prior knowledge and even common sense. You are to make your best guess that even if you get the answer wrong you have made conceptual connections that help you retain your learning for longer.
You will also sharpen your learning achievement with flashcards, identifying the answer in either name or definition and stating the answer in either say-it-to-yourself-then-read or say-it-out-loud spoken answers.
You will enjoy studying more and reinforce your learning when you play our gamified summary of learning points satisfying the learning objectives as well as the glossary for this ecourse. Games include space combat, crossword/cryptex puzzles, snakes and ladders, who wants to be a millionaire?, sudoku, and memory game.
You can make your study notes within the ecourse. Plus you can engage with your fellow learners and the ecourse instructor with sharing notes and questions. You can also view the lessons on non-interactive mode for offline studying.
When you pass the ecourse, you receive a Certificate of Self-Directed Learning Achievement, which includes a verifiable security code and also indicates any honor you received (e.g. Distinction or Merit).
USD 1.00 as standalone
USD 0.50 when bundled in 10-ecourse Financial Reporting and Analysis
- Instructor: eCPD Instructor