https://gdpark.blog/tags/financial-statements/Recent content in Financial Statements on gdpark.blogHugoenMon, 11 Oct 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-l1-02-income-statement-and-cash-flow-statement/Thu, 08 Apr 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-02-income-statement-and-cash-flow-statement/Quick rundown of the income statement — what it shows, why revenue ≠ profit, and why accountants split out discontinued operations so shareholders don’t get played.https://gdpark.blog/posts/cfa-l1-03-accrual-accounting/Sun, 11 Apr 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-03-accrual-accounting/A casual breakdown of why accrual accounting exists — from the ‘does undelivered revenue count?’ dilemma to how GAAP, IFRS, and K-IFRS all fit together.https://gdpark.blog/posts/cfa-l1-04-inventories-1-acquisition-cost/Fri, 16 Apr 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-04-inventories-1-acquisition-cost/We kick off our B/S line-item series with inventories — what they are, how acquisition cost first hits the books, and the cash-vs-credit purchase breakdown.https://gdpark.blog/posts/cfa-l1-07-inventories-4-lower-of-cost-or-market-lcm/Sun, 09 May 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-07-inventories-4-lower-of-cost-or-market-lcm/We plug the last inventory gap: when year-end hits, unsold stock on the B/S gets valued at whichever is lower — historical cost or market value — that’s the LCM method.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-l1-19-financial-ratios-1-financial-analysis-techniques/Fri, 13 Aug 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-19-financial-ratios-1-financial-analysis-techniques/A breezy intro to why financial ratios are surprisingly tricky — cross-company comparisons, IFRS vs US-GAAP headaches, the Samsung problem, and whether a 200% debt ratio is even bad.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-cash-flow-statement/Mon, 11 Oct 2021 00:00:00 +0000https://gdpark.blog/posts/cfa-l1-25-cash-flow-statement/We finally made it to the cash flow statement — why it exists, why accrual alone isn’t enough, and how CFO/CFI/CFF each tell a different part of the story.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.