标题: Top 3 topics you don't want to see [打印本页] 作者: anothercfainnyc 时间: 2011-7-13 15:07 标题: Top 3 topics you don't want to see
Pension accounting
after tax cash flows and after tax equity reversion for real estate
All Quant
I skimmed the first 2 topics with the plan to come back to it after I was done with everything else. I never came back to it and now I have no choice but to focus on everything else.作者: economicz 时间: 2011-7-13 15:07
Time Series (I will bomb it)
Interest Rate Trees (They scare me)
Soft Dollars!
I spent two hours today doing the real estate calcs you mentioned. It's not bad once it finally "clicks", but it was a painful process getting it through.作者: comp_sci_kid 时间: 2011-7-13 15:07
remember, with IFRS and GAAP...if you ever have no clue:
In general, IFRS is more liberal/logical;
-Recovery of impairments/write-downs is usually permitted
-Allows partial goodwill (and full goodwill)
-Allows proportionate consolidation (and equity method)
-More freedom classifying Interest Received/Dividends Received/Interest Paid on CFS
-QSPE's not allowed (nor does GAAP anymore - since it is essentially off B/S financing)
-LIFO inventory method not allowed (since people abuse it for tax benefits)
-Inventory valued at min(cost, NRV)
GAAP is usually really strict, and makes things more complicated than they need to be;
-Test for impairment involves two steps instead of one
-Operating leases need to meet 1 of 4 criteria to be a finance lease
-Recovery from impairment/write-downs is usually not permitted
-Inventory valued at min (cost, market) where market = recoverable amount where recoverable amount must be > (NRV - % profit margin) but < (NRV)作者: wizofoz 时间: 2011-7-13 15:07
