标题: ARO Question [打印本页] 作者: simeezee 时间: 2011-7-11 18:19 标题: ARO Question
In V3 of the 2010 CFA material, on page 467...#15.
It says option C is acceptable (thus not the answer), but wouldn't the assets value be decreased through a depreciation charge on the IS, not accretion??作者: koba 时间: 2011-7-11 18:19
as its phrased "least likely too", there could be more than one incorrect answer, and I believe in this case both B and C are incorrect. However, B is "more wrong" because the CV of the liability increases by the accretion charge. C is also wrong, but the value of the asset actually does decrease, however by depreciation expense not by accretion charge.
B is the "more wrong" answer I think.
Stupid way to test somebody's knowledge on material IMHO作者: JRossSter 时间: 2011-7-11 18:19
Thanks Matt...you a level one candidate?作者: leadcfa 时间: 2011-7-11 18:19
Yep! I'm writing in Toronto. Which oddly enough is the 416 area code and I'll probably take the 407 to get there LOL作者: ogoluwa 时间: 2011-7-11 18:19
Nice...the 406 is the great state of Montana and I'm writing in Helena the capital . Im trying to get FRA down so I have less worries haha how do you feel about it??作者: joemoran 时间: 2011-7-11 18:19
I feel ok, a few sections trouble me in FSA, mainly FCFF FCFE and CFO calc through Direct Method. I'm doing a heavy review 1 day each for each topic, then planning to just review all my material lightly the few days leading up to the exam.作者: rgonzalez 时间: 2011-7-11 18:19
What do you mean your trying to get FRA down? Is that a designation or the forward rate agreement :S pardon my ignorance, I've been consumed in CFA material for the last 6 months.作者: amqata 时间: 2011-7-11 18:19
i was pondering the same thought last week, Financial Reporting and Analysis is FRA...volume three in the CFA curriculum. FSA FRA...its all the same and it's giving me a headache lol作者: Bluetick1010 时间: 2011-7-11 18:19
Oh @#$%&, all this time I thought the book was Financial Statement Analysis (FSA). Just took a look and sure enough its Financial Reporting and Analysis.
How do you feel about direct indirect CFO calc, FCFF, FCFE, Deferred Taxes and Leases? I believe those will all be tested, among other things.作者: Londonrocks 时间: 2011-7-11 18:19
I feel good on cash flow but Taxes and the little things worry me. I pounded the tax concepts today so hopefully I will be ok. Think of who the cash is available to...?
and I'll probably take the 407 to get there LOL