BOOK 3 — FINANCIAL REPORTING AND ANALYSIS Readings and Learning Outcome Statement: Study Session 7 ~ Financial Reporting and Analysis: An Introduction .. ma Study Session 8 ~ Financial Reporting and Analysis: The Income Statement, Balance Sheet, and Cash Flow Statement.. 4” ‘Study Session 9 ~ Financial Reporting and Analysis: Inventories, Long, Term Assets, Deferred Taxes, and On- and Off-Balance-Sheet Debt se 173 Study Session 10 ~ Financial Reporting and Analysis: Applications and International Standards Convergence 288 Self-Test ~ Financial Reporting and Analysis. on 329 Formulas... 2 337 Index wn. sane 342Page 2 LEVEL } BOOK 3: FINANCIAL REPORTING AND ANALYSIS ©2009 Kaplan, Inc. All rights reserved. Published in 2009 by Kaplan Schweser Printed in the United States of America, ISBN: 1-4277-9494-4 PPN: 4550-0107 TF this book docs nor have the hologram wih the Kaplan Schweser logo on the back cover, i was distibuted without permission of Kaplan Schweser, Division of Kaplan, Inc. and isin direc violation of glabal copyright laws. Your asiscance in pursuing potential violators of chis lw is greatly appreciated, ‘Required CFA Tnsricute® disclaimer: “CFA® and Chartered Financial Analyst are uadematks owned by CFA Institute. CFA Institute (formerly the Association for ‘nwestment Management and Research) does not endorse, promote, review, of watzant the accuracy’ of the products ox sztvices offered by Kaplan Schwesee.”| Certain materials contained within cis text ate che copyrighted propercy of CFA Instcute. The following is the copyright disclosute for these materiale: "Copyrighr, 2010, CFA Insitute, Reproduced and republished from 2010 Learning Outcome Statements, Level I, 2, and 3 questions from CFA® Program ‘Materials, CPA Instcute Standards of Professional Conduct, and CFA Instcutcs Global Investment Performance Standards with permission Irom CFA Insttuce. All Rights Reserved.” “These materials may not be copied without writen permission from the author. The unauthorized duplication of these notes isa violaion of global copyright laws and the CFA Insicure Code of Ethics "Your sistance in pursuing potential violators ofthis law is grealy appreciated. Disclaimer: The SchweserNotes should be used in conjunction with the original readings as se forth by CFA Insticate in their 2019 CEA Level I Study Guide. The information contained in these Notes covers ropics contained in the readings ceferenced by CFA Institute and is believed to be accurate. However, their accuracy cannoc be guaranteed nor is any watratty conveyed as to your ultimate exam succes. The authors ofthe referenced readings have not endorsed or sponsored these Notes. ©2009 Kaplan, Inc.READINGS AND LEARNING OUTCOME STATEMENTS READINGS The following material is a review of the Financial Reporting and Analysis principles designed to address the earning outcome statements set forth by CFA Institute. STUDY SESSION 7 Reading Assignments Financial Reporting and Analysis, CEA Program Curriculum, Volume 3 (CFA Institute, 2010) 29. Financial Statement Analysis: An Introduction 30. Financial Reporting Mechanics 31. Financial Reporting Standards STUDY SESSION 8 Reading Assignments Financial Reporting and Analysis, CEA Program Curriculum, Volume 3 (CEA Institute, 2010) 32. Understanding the Income Statement 33. Understanding the Balance Sheet 34, Understanding the Cash Flow Statement 35. Financial Analysis Techniques STUDY SESSION 9 Reading Assignments Financial Reporting and Analysis, CFA Program Curriculum, Volume 3 (CFA Institute, 2010) 36. Inventories 37. Long-Lived Assets 38. Income Taxes 39. Long-Term Liabilities and Leases STUDY SESSION 10 Reading Assignments Financial Reporting and Analysis, CEA Program Curriculum, Volume 3 OFA Institute, 2010) page 11 age 20 page 34 page 47 page 84 page 102 page 132 page 173 page 198 page 229 page 255 40, Financial Reporting Quality: Red Flags and Accounting Warning Signs page 288 41, Accounting Shenanigans on the Cash Flow Statement 42, Financial Statement Analysis: Applications 43. Incernational Standards Convergence ©2009 Kaplan, Ine. page 302 page 308 page 316 Page 3