https://gdpark.blog/tags/cfa/Recent content in Cfa on gdpark.blogHugoenSat, 25 Dec 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-01-balance-sheet/Wed, 31 Mar 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-01-balance-sheet/Kicking off the FRA grind from absolute zero — what Financial Reporting Analysis even is, why accounting matters, and a first peek at the balance sheet.https://gdpark.blog/posts/cfa-l1-01-introduction/Wed, 31 Mar 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-01-introduction/Kicking off a weekly series to transcribe my CFA class notes — maybe with a backtest or two — on a heroic 30-min-a-day schedule. Fighting!!!!https://gdpark.blog/posts/cfa-l1-08-property-plant-and-equipment-1-acquisition/Sun, 16 May 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-08-property-plant-and-equipment-1-acquisition/We kick off long-lived assets by diving into PP&E acquisition — what counts as an asset, why it’s not just an expense, and how initial recognition works.https://gdpark.blog/posts/cfa-l1-12-investment-property/Sun, 06 Jun 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-12-investment-property/Investment property is just rental real estate — not speculation — and here’s how it differs from PPE under IFRS (spoiler: US GAAP doesn’t even have this account).https://gdpark.blog/posts/cfa-l1-13-intangible-assets/Sat, 12 Jun 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-13-intangible-assets/A breakdown of intangible assets — what they are, how they stack up against PP&E, and the surprisingly messy rules for getting them onto the B/S.https://gdpark.blog/posts/cfa-l1-14-income-tax-expense/Sat, 19 Jun 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-14-income-tax-expense/Breaking down how corporate tax expense actually works — from taxable income reconciliation to current vs. deferred tax — purely from the CFA angle, heh.https://gdpark.blog/posts/cfa-l1-16-bonds/Sun, 25 Jul 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-16-bonds/Cruising through bonds for CFA prep — par, discount, and premium bonds, how market interest rates set the price, and how it all lands on the financial statements.https://gdpark.blog/posts/cfa-l1-17-leases/Sat, 31 Jul 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-17-leases/A quick rundown of lease types and lessor/lessee basics you need to know — even though leases are basically gone from CFA Level 1 now, heh heh heh.https://gdpark.blog/posts/cfa-l1-23-equity/Sun, 26 Sep 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-23-equity/A casual (expectations: low!) walkthrough of equity on the balance sheet — paid-in capital, par value, share premium, and just enough accounting cycle to get by for the CFA exam.https://gdpark.blog/posts/cfa-l1-24-statement-of-changes-in-equity-and-non-recurring-items/Sat, 02 Oct 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-24-statement-of-changes-in-equity-and-non-recurring-items/A breezy tour of the Statement of Changes in Equity, then a quick rundown on bad debt and warranty expense — and how both quietly create DTAs on the B/S.https://gdpark.blog/posts/cfa-l1-25-earnings-per-share-eps/Sun, 03 Oct 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-25-earnings-per-share-eps/Breaking down EPS the CFA way — weighted average shares, preferred stock deductions, and why dilutive securities make the whole thing a little messy.https://gdpark.blog/posts/cfa-l1-26-cash-flow-statement-and-ebitda/Sat, 16 Oct 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-26-cash-flow-statement-and-ebitda/Working through a real B/S and I/S to build a Cash Flow Statement step by step — tagging every line item as O, I, or F and smashing out CFI, CFF, and CFO the direct way.https://gdpark.blog/posts/cfa-l1-27-free-cash-flow-and-fra-wrap-up/Sun, 17 Oct 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-27-free-cash-flow-and-fra-wrap-up/Finally putting a period on FRA with a casual-but-essential look at FCFF and FCFE — what they are, how to build them from net income, and why WACC is the right discount rate.https://gdpark.blog/posts/cfa-l1-34-yield-curve/Sat, 25 Dec 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-34-yield-curve/Finally cracking open the yield curve — spot rates, zero coupon bonds, and why discounting everything at one single yield is kinda ridiculous.