Browse CFA Level 2 Essentials

Chapter 3: Advanced Financial Statement Analysis and Interpretation

Chapter 3: Advanced Financial Statement Analysis and Interpretation explains the core concepts, key definitions, and practical implications you need for solid analysis. It highlights common pitfalls and the intuition behind the methods so the results are interpreted correctly.

In this section

  • Intercorporate Investments, Mergers & Acquisitions
    Intercorporate Investments, Mergers & Acquisitions (CFA Level 2): Covers Key Considerations for Intercorporate Investments and Quick Snapshot: IFRS vs. US GAAP Classification with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Employee Compensation and Post-Employment Benefits
    Employee Compensation and Post-Employment Benefits (CFA Level 2): Covers Overview of Employee Compensation and Share-Based Compensation with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Multinational Operations and Currency Translation
    Multinational Operations and Currency Translation (CFA Level 2): Covers Local, Functional, and Presentation Currency and Foreign Currency Transaction Exposure with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Evaluating Financial Reporting Quality and Earnings Sustainability
    Evaluating Financial Reporting Quality and Earnings Sustainability (CFA Level 2): Covers Framework for Assessing Financial Reporting Quality and Potential Problems with Financial Reports with key formulas and examples. Includes exam-style practice questions with explanations.
  • Analysis of Financial Institutions
    Analysis of Financial Institutions (CFA Level 2): Covers Unique Features of Financial Institutions and CAMELS Approach to Analyzing Banks with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Comprehensive Integration of Financial Statement Techniques
    Comprehensive Integration of Financial Statement Techniques (CFA Level 2): Covers Adjusting for Accounting Differences and Revenue Recognition Variations with key formulas and practical examples. Includes exam-style practice questions with explanations.

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Chapter 2: Macroeconomic Analysis, Exchange Rates, and Policy Implications
Chapter 4: Corporate Finance, Governance, and Valuation