studyn

You won't be successful in FSA if you don't truly understand the concepts. FSA is a building block in equity valuations and there are lots of questions on the exam that will trick you if you don't really understand things.

For instance, there may extensive questions about capitalized vs. operating leases, and how they affect the statement of cash flows, net income, operating income, and financial statement ratios. You can memorize it all, but then suddenly the exam will through a twist and you'll be lost.

- Robert