SS7 - Is it crucial important, planning

anshultongia

I am planning to skip SS7 - just go over summary and Ratio's is that good enough - Any ideas on how important it is?

ninja1024

Its actaully not that bad, just know the earnings quality formulas, the other stuff you could wing



Edited 1 time(s). Last edit at Tuesday, May 31, 2011 at 03:53PM by pedpenny.

CPATrader

Theres no doubt that there will be some questions about earnings quality. At the least learn the accruals ratios. The problem with SS7 is that it can be tested 1000000000 ways. You could study it and still get destroyed. Who knows. I HOPE there is a full vignette on inventory. That would be awesome.

sameeragarwal

late_starter Wrote:
-------------------------------------------------------
> I havent given it a read yet so was wondering
> whether if it is of the likes of the chapter on
> emerging markets - where most of it is logical.
> Thanks anyways


4 main topics:

Inventory
Intercorporate Investments
Pension Obligations
Multinational Operations

I wouldn't be surprised if we saw 3 of the 4 being tested.. each with its own vignette

comp_sci_kid

the above topics are not part of SS7 - SS7 includes earnings quality evaluation and financial statement analysis techniques

redskins44

I havent given it a read yet so was wondering whether if it is of the likes of the chapter on emerging markets - where most of it is logical. Thanks anyways

Houjichasan

SS 7 is FRA

15-25% of the exam... I doubt you want to skip it mate