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2014年12月CFA一级考试大纲（八）

来源：高顿网校 2014-05-07

　　Financial Reporting and Analysis

　　Income Statements, Balance Sheets, and Cash Flow Statements

　　The first three readings in this study session focus on the three major financial statements: the income statement, the balance sheet, and the cash flow statement. For each financial statement, the reading describes its purpose, construction, pertinent ratios, and common-size analysis. These readings provide a background for evaluating trends in a company’s performance over several measurement periods and for com?paring the performance of different companies over a given period. The final reading covers in greater depth financial analysis techniques based on the financial reports.

　　READING ASSIGNMENTS

　　Reading 25 Understanding Income Statements by Elaine Henry, CFA, and Thomas R. Robinson, CFA

　　Reading 26 Understanding Balance Sheets by Elaine Henry, CFA, and Thomas R. Robinson, CFA

　　Reading 27 Understanding Cash Flow Statements by Elaine Henry, CFA, Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, and Michael A. Broihahn, CFA

　　Reading 28 Financial Analysis Techniques by Elaine Henry, CFA, Thomas R. Robinson, CFA, and Jan Hendrik van Greuning, CFA

　　LEARNING OUTCOMES

　　READING 25. UNDERSTANDING INCOME STATEMENTS

　　The candidate should be able to:

　　a describe the components of the income statement and alternative presentation formats of that statement;

　　b describe general principles of revenue recognition and accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of reve?nue), and implications of revenue recognition principles for financial analysis;

　　c calculate revenue given information that might influence the choice of revenue recognition method;

　　d describe general principles of expense recognition, specific expense recogni?tion applications, and implications of expense recognition choices for financial analysis;

　　e describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, extraordinary items, unusual or infrequent items) and changes in accounting standards;

　　f distinguish between the operating and non-operating components of the income statement;

　　g describe how earnings per share is calculated and calculate and interpret a com?pany’s earnings per share (both basic and diluted earnings per share) for both simple and complex capital structures;

　　h distinguish between dilutive and antidilutive securities, and describe the impli?cations of each for the earnings per share calculation;

　　i convert income statements to common-size income statements;

　　j evaluate a company’s financial performance using common-size income state?ments and financial ratios based on the income statement;

　　k describe, calculate, and interpret comprehensive income;

　　l describe other comprehensive income, and identify major types of items included in it.

　　READING 26. UNDERSTANDING BALANCE SHEETS

　　The candidate should be able to:

　　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;

　　e describe different types of assets and liabilities and the measurement bases of each;

　　f describe the components of shareholders’ equity;

　　g analyze balance sheets and statements of changes in equity;

　　h convert balance sheets to common-size balance sheets and interpret common-size balance sheets;

　　i calculate and interpret liquidity and solvency ratios.

　　READING 27. UNDERSTANDING CASH FLOW STATEMENTS

　　The candidate should be able to:

　　a compare cash flows from operating, investing, and financing activities and clas?sify cash flow items as relating to one of those three categories given a descrip?tion of the items;

　　b describe how non-cash investing and financing activities are reported;

　　c contrast cash flow statements prepared under International Financial Reporting Standards (IFRS) and U.S. generally accepted accounting principles (U.S. GAAP);

　　d distinguish between the direct and indirect methods of presenting cash from operating activities and describe arguments in favor of each method;

　　e describe how the cash flow statement is linked to the income statement and the balance sheet;

　　f describe the steps in the preparation of direct and indirect cash flow state?ments, including how cash flows can be computed using income statement and balance sheet data;

　　g convert cash flows from the indirect to direct method;

　　h analyze and interpret both reported and common-size cash flow statements;

　　i calculate and interpret free cash flow to the firm, free cash flow to equity, and performance and coverage cash flow ratios.

　　READING 28. FINANCIAL ANALYSIS TECHNIQUES

　　The candidate should be able to:

　　a describe tools and techniques used in financial analysis, including their uses and limitations;

　　b classify, calculate, and interpret activity, liquidity, solvency, profitability, and valuation ratios;

　　c describe relationships among ratios and evaluate a company using ratio analysis;

　　d demonstrate the application of DuPont analysis of return on equity, and calcu?late and interpret effects of changes in its components;

　　e calculate and interpret ratios used in equity analysis and credit analysis;

　　f explain the requirements for segment reporting, and calculate and interpret segment ratios;

　　g describe how ratio analysis and other techniques can be used to model and forecast earnings.

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　　报考指南：2014年CFA考试备考指南
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