bodhisattva

Goodwill Wrote:
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> Thanks for the help Bilal. I was wondering if you
> had a fool-proof method for getting through
> Financial Reporting Analysis as well. That
> material is very tough for me..


The first thing with FRA is it has the maximum weight-age so give it the maximum time and your best shot. Spend time well on the Study Session 7. Since there is a lot to retain in that session so keep on repeating what you've read on daily basis while you cover something new. Make a chart to differentiate between the accounting treatments of USGAAP and IFRS. I made a T chart named USGAAP vs IFRS and wrote all the differences it helped me out in retaining them easily. The calculation part is around 30% and the rest are the concepts and straight away lines. Do the Taxes chapter from CFAI Textbooks Summary and remember the lines. After you complete the chapter read the chapter end summaries from CFAI text books and also do the chapter end questions of CFAI text books. In study session 8 & 9 there are some charts do retain them and also the ratios. There is no need to go in depth of the ratios just remember them because 1,2 questions can be asked. Focus on small tricks like Operating Cycle and Net Operating Cycle. In Exam sometimes Operating Cycle is mentioned in the question and in the options, the formula of Net Operating Cycle is given and students circle that. When you read the chapters underline the relations like FIFO inventory is realistic and LIFO COGS are realistic etc. The CFAI text book chapter end questions will help you greatly in understanding the style of questions and give you a hint which things you need to remember and which to let go off. I used these techniques to score above 70 in the exam.



Edited 1 time(s). Last edit at Monday, August 22, 2011 at 06:21AM by mohammad.belaal.