2013 CFA Level 1 Book 3: Financial Reporting and Analysis

343 Pages·9.125 MB·English

BOOK 3 -FINANCIALRE P ORTING
AND ANALYSIS
ReadAisnsgi gnmaenLndet sa rnOiuntgc oSmtea tements 3
........................................
Study S7e-sFsiinoannR ceipaolr tiAnnga liaysnAs:dnI ntroduction 10
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StuSdeys s8i- oFni nanRceipaolr atniAdn nga liyss:
IncoSmtea temBeanltasSn,hc eee atnsCd, a sh SFtlaotwe ments 47
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StuSdeys s9i oFni nanRceipaolr atniAdnn ga liyss:
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InventLoornige-slA,is vseeIdtn sc,oT maxee asn,Nd o n-cuLriraebnitl iti1e8s2
..........
StuSdeys si-oFni n1a0n Rceipaolr atniAdnn ga sliys:
EvaluaFtiinnagnR ceipaolr Qtuianlgia tnyOd t hAeprp lications 291
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SelTefs--tFinanRceipaolr atniAdnn ga lysis 322
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Formulas 329
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Index 334
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SCHWESERNOTE2S0™1 C3PA LEVBEOLO KI3 :FI NANACLIR EPORTING
ANDA NAYLSIS
©201 2K aplIannAc,l. rl i grhetsse rved.
Publiisn2h 01ed2b y K aplSacnh weser
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distribwuittehdo upte rmissoifoK na plaSnc hwesae rD,i visioofKn a plaInn,c .a,n di si nd irevcito lation
ofg lobcaolp yrilgahwts Y.o ura ssistiannp cuer suipnogt entviiaoll atooftr hsi lsa wi sg reatalpyp reciated.
RequirCeFdA I nstitduitsec lai"mCeFrA:® a ndC harterFeidn ancAinaall ysatr®et rademaorwknse d
byC FA InstitCuFtAe I.n stit(uftoer metrhleAy s sociaftoirIon nv estmMeannta gemeanntd R esearch)
doens ote ndorsper,o motree,v ieowrw, a rratnhtea ccuraocfty h ep roducotrss erviocffeesr ebdy K aplan
Schweser."
Certamiant ericaolnst ainweidt hitnh itse xatr et hec opyrighted porfCo FpAe Irntsyt itTuhteef .o llowing
ist hec opyridgihstc losfuorrteh esmea teri"aClosp:y rig2h0t1,2 C,F A InstitRuetper.o ducaendd
republisfhreodm2 013L earning Outcome StateIm,Ie Ina,tn sd,I IqILu eevsetli ons CFfAr® o Pmr ogram
MateriaClFsA, I nstitSuttaned ardsP rooff essiCoonnadlu catn,d C FA InstitGultoeb'asIl n vestment
PerformaSntcaen darwdistp he rmissfiroonmC FA InstitAultlRe i.g htRse served."
Thesmea terimaalysn otb ec opiewdi thowurti ttpeenr missfiroonmt hea uthoTrh.e u nauthorized
duplicaotfit ohne sneo teissa v iolatoifog nl obcalo pyrilgahwtas n dt heC FA InstitCuotdeeo fE thics.
Youra ssistiannp cuer suipnogt entviiaoll arooftr hsi lsa wi sg reatalpyp reciated.
DisclaiTmheerS :c hweserNsohtoeusl bdeu seidn c onjunctwiiotnth h eo rigirneaald inagsss e ft ortbhy
CFA Institiuntt hee 2i0r 13C FAL eveIlS tudGyu ideT.h ei nformatcioonnt ainientd h ese Ncootveesr s
topiccosn tainientd h er eadinrgesf erenbcyeC dF A Institauntdie s b elievteobd e a ccuraHtoew.e ver,
theiarc curaccayn nobte g uarantneoerdi sa nyw arranctoyn veyaesdt oy ouru ltimaexamt e succeTshse.
authoorfst her eferenrceeadd inhgasv neo te ndorsoerds ponsortehde sNeo tes.
Pag2e ©201K2a plIannc,.
READINGA SSIGNMENTSA ND
LEARNINGO UTCOME STATEMENTS
Thfoel lwoinmga teirasir aelv oifte hwFe ni ancRipeaorlt ianngAd n alypsricisin ples
degsnietdoa ddrtehlsees a ronuitncgso tmaet esmefoetrn tbthysC P AI sntitute.
STUDSYE SS7I ON
ReadAisnsgi gnments
FinancRipeaorltianngdaAlynsCiPsAP, r ogr2a0m1C 3ur ricVuolluumm3e,
(CPIAn sti2t01u 2t)e ,
22F.i nancialA nSatslaiyAtsne:I m netnrto duction pag1e0
23F.i nanRceipaolrM teicnhga nics pag1e9
24F.i nanRceipaolrS ttianngd ards pag3e3
8
STUDSYE SSION
Reading Assignments
FinancRipeaorlt ianngAd n aslyiCsP,AP rog2ra01m3C urricVuolluumm3e,
(CPIAn sti2t0u)1t 2e,
25U.n derstIanncdoiSmntega tements pag4e7
26U.n derstBaanldainncge Sheets pag8e6
27U.n derstCaansdhi nFgl ow Statements pag1e90
28F.i nancialTe cAhnnailqyuseiss pag1e4 2
STUDSYE SS9I ON
ReadAisnsgi gnments
FinancRipeaorlt ianngAd n aslyiCsP,AP rogr2a0m1C 3ur ricVuolluumm3e,
(CPIAn sti2t01u 2t)e ,
29I.n ventories pag1e8 2
30L.o ng-LAisvseedt s pag2e0 4
31I.n coTmaxee s pag2e3 0
32N.o n-Cur(rLeonTnetgr -mL)i abilities pag2e5 6
STUDSYE SS1I0O N
ReadAisnsgi gnments
FinancRipeaorlt ianngAd n aslyiCsP,AP rogr2a0m1C 3ur ricVuolluumm3e,
(CPIAn sti2t0u)1t 2e,
33F.i nanRceipaolrQ tuianlgRi etdFy l: aagnsAd c counWtarinnigSn igg pnasg2 e9 1
34A.c counSthiennga noingt ahCneas s Fhl oSwt atement pag3e0 2
35F.i nancialA nSatslaiyAtspe:pm leincta tions pag3e0 8
©201 2K aplIann,c . Pag3e
Boo3k FinanRceipaolr atniAdnn ga lysis
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ReadiAnsgs ignmaenndLt esa rnOiuntgc oSmtea tements
LEARN INOGU TCOSMTEA TEME(NLTOSS )
Thfoel lowmiantgei rasir aelv oifte hwFe in ancRipeaorlt ianngAd n aslyipsr ciinples
desitgoan deddr tehsesr nlieonaugt csotmaet esmefoetrn tbthysC FAI nstitute.
STUDYS ESSIO7N
Thtepo iccaoelvr acgoeerps rosnw ditthhfo el lowCiFAnI gn staistgsuniterede ading:
22F.i nanSctiaatle Amneanlty AsnIi nst:r oduction
The cansdhiodubaletad eb lteo :
a.d escrirboelo effts ih nea nrceipaolra tnifdni gn ansctiaatlea mneanlty sis.
(pa1g)0e
b.d esctrhirebo elo efts h kee fyi nansctiaatle( msetnattsoe fmfi ennatn pcoisali tion,
stateomfce onmtp rehienncsoismvteea, t eomfce hnatn ignee qsu iatnyd,
statemceansfthl ooiwfnse )v aluaac toimnpga pneyor'rfsm anacnfedi nancial
posit(ipoa1ng).e1
c.d esctrhiiebm ep ortoaffin ncaen sctiaatle menatn sdnu optpelse mentary
inofrmation-idnicslculdooifsan ucgrc eosu nptoilnimgce itehso,ad nsd,
estimatemsa-naangde mceonmtm'esn t(apra1yg2.e )
d.d esctrhioebb ej ecotfai uvdeoi ftfs i nansctiaatle mtehtneyt psoe,fas u dit
repoarnttdsh ,ie m portoafen fecfcet iinvtee rnal co1n2t)r ols. (page
e.i denatniedfyx plianoifrnm atsioounrt cheaastn aluyssietnf s i nansctiaatle ment
analbyessiiasdn ensuf ailn ansctiaatlea mnesdnu tpsp lemienonfrtmarayt ion.
(pa1g3e)
f. desctrhisebt eei pns ftihnea nsctiaatle mentfa rmaenwaol(rypksa.i1g s)e4
Thtepo iccaolav gecero rproesnws ditthhfo el lowCiFAnI gn staistgsuniterede ading:
23.F inanRceipaolr Mteicnhga nics
Thec andisdhaotubele ad b le to:
a.e xpltahirene latiooffn isnhainpc iale lsetmaetneatmcsec naotnua ndnt ds ,
clasascicfyo uinntttsoh e financial stat1e9m)e nt elements. (page
b.e xpltahiaenc counetqiunagtii no ni ts ebxapsaincfdor emadsn( .dp a2g0e)
c.e xpltahipenr ocoefrs esc orbduisnigtn reasnss aucstiianonagn c sc ounting
systbeams oendt haec counetqiunagt( ipoa2ng.1e )
d.e xpltahinene efdora ccraunaodlt sh aedrj ustimnpe rnetpsa friinnagn cial
statem(epna2tg2se.)
e.e xpltahirene latiaomnosnhtgihi pens c osmtea tebmaelnatsn,hc eee t, statement
ofc asfhl o,aw nssdt ateomfoe wnnte erqsu'i( tpya2.g3 e)
f. desctrhieb eof fli onowfr matiino anac nc ounstyisnt(gep ma.2g 5e)
g.e xpltahiuens o eft hree suolftt hasec counptrioncigens s esc uarniatlyy sis.
(pa2g5e)
Thtepo iccaolav gecero erpsrosnw ditthhfo el lowCiFAnI gn staistgsuniterede ading:
24.F inanRceipaolr Sttianngd ards
The cansdhiodubaletad eb lteo :
a.d esctrhioebb ej ecotffi ivnea nsctiaatlea mnedn titsmh peo rtoaffin ncaen cial
reporsttianngdi ansr edcsu arniatlyay nsvdia sl ua(tpiao3gn3e.)
b.d esctrhirebo el esd easnidra atbtlreio bffu itneasnr ceipaolrs ttianngd ard­
settbiondgi esr egaunldaa uttohroyir nie tsiteasb lainsedhn oifrncgir negpo rting
standaanrddde ss,c trhirebo eol fet he InternationSaelc uOrrigtaineisz ation of
Commiss(ipoa3ngs4e.)
Page ©201K2a plIannc,.
4
Book F3i nanRceipaolr atniAdnn ga lysis
-
ReadiAnsgs ignmaenndLt esar ning OSuttactoemmee nts
c.d esctrhisebt ea otfgu lso cboanlv erogfae cnccoeu ntinga nsodtn agnodianrgd s
barrtiode ervse loopnien gu niavcecrespsateloetlffid y n anrceipaolr ting
stand(aprad3gs5e.)
d.d esctrhiIebn et ernational AcBcooaurncdto'insnc ge fpSarttmuaeanwldo arrkd,s
inclutdhioenb cgjt eiveq uaanldi cthaatriavcet oeffr iinsatnsictciasat le ments,
requrierpeodr etlienmge ntcso,n satnradan aidsn stusm pitnpi roenpsa ring
finansctiaatle m(epna3tg6se).
e.d escgreinbeer al refqofiurni arnecmieanlt sus ntdaIetFreR m(Sep.na t3gs8e )
f. comparceo nkceeoypf t fisn ancial reupnodrIetFriR naSgn Uds .tSa.n dards
GAAP reporstyisntg(e pmas3g.9e )
g.i dentthicefyh aractoefarc ioshteirficensna tn creipaolr ftarimnegwo arnktd h e
barrtioce rresa stuicnahfg ar mewo(rpka.3g 9e)
h.e xpltahiienm plicfaortf iionnasna cniaalolyfd s iiefsrf ifinnga ncrieaplo rting
systaenmtdsh iem portoafmn ocnei todreivnegl opimnfe inntasn cial reporting
stand(aprad4gs0)e.
1. analcyozmep adniys cloofss uirgensia fciccoaunnptto ilni(gcp iae4gs0e.)
STUDYS ESSIO8N
Thtepo iccaolv ecroaerpgsroens w ditthhfo el lowCiPnAI gns tiatsugstnieer de ading:
25U.n derstaInndcioSnmtgea tements
Thec andisdhaotubele ad b lteo :
a.d esctrhicebo em ponoeftn htiesn come satnaadtle tmeernpntra etsievnet ation
formaotfts h at state4m7)e nt. (page
b.d escribe ptrhien cgoiefrpn eleveresarn leu ceo gnaintadic ocnra ucaclo unting,
specific revenue r(eicnocglnauicdtciionougnnf ortal iponpnglg i-ctaetrimo ns
contriancsttsa,ls lamlbeeansrt,tt rearn sagcrtoiasonsnnd se r,te porotfi ng
revueena)n,td h iem plicoafrt eivoenrnseu ceo gnpirtiinocfnior pf liensa ncial
analysi4s9.) (page
c.c alcurleavteen uei nogfrimvaettnih oamnti gihntf lutehcnehc oei ocfre e venue
recognmiettiho(onpd a.4g 9e)
d.d esctrhigebe en eprrailn coifep xlpeesrn esceo gnsipteiceoixnfip,ce nse
recognition anatdph pel iicmaptliioecnxaspt,ei rnoesnceso gonfi tifoorn choices
financial( paan5ga5el) y sis.
e.d esctrhifiebn ea nlcr iepaorttrienagta mneadnn ta loyfns oins- reciutrermisn g
(including odpiesrcaotenixtotinrnsauo,er iddt ienumansru,ys o uria nlef qruent
iteamnscd)h anignae csc ounsttianngd ard6s1.) (page
f. distinguisohp ebreaattnwindeno egnn - aottphieecnr ogm ponoeftn htes income
state(mpean6gt3e.)
g.d eschroiweb aer npiensrghs a ircsea lcualnacdta eldc ualnaidtn et erap ret
company's earnings apndedir l usethaeardrn epi ens(rghb sao frtoreh ) basic
botshi mpalnecd o mpclaepxi sttarlu c(tpuar6ge)4es .
h.d istinguidsihl ubatenitadvwn eet eind isleuctuiravinetdd ie essc,tr hieb e
implicoaft ieofaornct shh e ea rnpiensrgh sa crael cul(apta6igo4en) .
1. convienrcto smtea tetmoec notmsm on-isniczosemt ea temen7t3s.) (page
J·e valauc aotmep afinnya'nspc eiorarflm anucseic nogm mon-isniczoem e
stateamnefidnn tasn rcaitabila ossoe ndt hien cosmtea te(mpean7gt)4e.
k.d escrciablec,ua lnaidtn et,e rpret compr(ephae7gn5es) i ve income.
l.d escortihbceeor m prehienncsoiamvneeid, d entthimefya jtoyrp oefis t ems
incluidnie t(d.p a7g5e)
©20 K1a2p lIannc,. Pag5e
Boo3k FinanRceipaolr atniAdnn ga lysis
-
ReadiAnsgs ignmaenndLt esa rning SOtuattceommeen ts
Thtepo iccaolv ecroasrgoprenes dw itthhfo el lowCiPAnI gn staistgsuniterede ading:
26U.n derstBaanldaiSnnhcgee e ts
Thec andisdhaotubele ad b lteo :
a.d esctrhieebl ee meonftt hsbe a lasnhceeae sts:le itasb,i alniedtq iueist,y .
(pa8g6e)
b.d esctrhiuebs eea snl di mitoatfti hboean lsa snhceeie nft i nanacnaiilasyl.s
(pa8g7e)
c.d escarlitbeer fnoramtaiotvfbse a lancep ressheeen(ttp aat8gi7eo) n .
d.d istinbgeutiwsehe n acnundro rne-nctua rsrseaennttcds u, r rennto na-ncdu rrent
liabi(lpiat8gi7ee) s .
e.d escdriiefbrfeet nytp oefas s saentldsi abialnitdth mieee ass urebmaesonefts
each. 8(8p)a ge
f.d esctrhicebo em ponoefsn htasr eheoqludie(trpysa9.'g 6 e)
g.a nalbyazlea snhceeae ntsdst ateomfec nhtasni gnee qsu i(tpya9.g 7e)
h.c onvert sbhaetleaotcn soc mem on-bsailzasenh ceeae ntidsn tertphree t
common-bsailzasenhc eee( tpsa9.g8 e)
1. calcualnidan ttee rlpirqeutia dnsidot lyv renactyi( opas1g.0 e 0 )
Thtepo iccaolv ecroarpgroeen wsdistt hhfo el lowCiPAnI gn staistgsuniterede ading:
27U.n derstCaansdFhil noSgwt atements
The cansdhiodubaletad eb lteo :
a.c ompcaraes h ffloromwo sp eraitnivnegs,at nidn gfi,n aancctiinvagin tdi es
classiffyl oicwta esamhsrs e lattoi noognft e h otsher ceaet eggoirviaee ns
descriopftt hieo ni tem10s 9.) (page
b.d escrinboen -hcoiawns vhe satnifidnn ga ncaicntgi vairrteei peosr te1d.1) 1 (page
c.c ontcraasflshot w s tatepmreenptasur neddIe nrt ernaFtiinoannRacelip aolr ting
Stand(aIrFdRasSn U)d . Sg.en eraaclcleypa tcecdo unptriinngc( iUp.lSe.s
GAAP). (1p1)a1 ge
d.d istinbgeutiwtsehhee n diriencdtim raeetnchdto o dfps r esecnatsfihrn ogm
operaatcitnigva intddie essct rhiaebr eg umiennfv atosor f emaecthh od.
(pa1g21e)
e.d eschroiwtb hece a sflho ws tateimlsei nntkt eotd hi en cosmtea teamnetdnh te
balance s1he1)e4 t. (page
f. descrisbteei pnts h teh e proefdp iarraeancitdtni doinr eflcotws tcaatsehm ents,
incluhdoiwcn agsfl ho wcsa bne c ompuutseidin ngc osmtea teamnebdna tl ance
shedeatt( ap.a 1g51e)
g.c onvcearsfltho wfsor mt hien ditrode icrtme ectth od.1 2(1pa)g e
h.a nalaynziden terbportrehet p orantcdeo dm mon-csaisfhzl eos wt atements.
(pa1g2e) 4
1. calcualniadnt tee rferper ecta sh flofwr ecteao sfl hot wth oee qtfiuyria,mn ,d
perforamnacdno cvee rcaagsfleho wr atios1.62 )( page
Thtepo iccaolv ecroasrgoprenes dw itthhfo el lowCiPAnI gn staistgsuniterede ading:
28F.i niaanAlcn alyTescihsn iques
The cansdhiodubaletad eb lteo :
a.d esctroiobalens d tecuhsneiidqnf uiensa ncial analyussieassn, d including their
limita(tpia1ogn2e4s) .
b.c lascsailfyc,ua lnaidtn et,e rapcrtteiyltv,i i dqiutisyo,l vepnrcoyfii,tl aiabtnyd,
valuation r1a84t)i os. (page
c.d esctrhirebe el atiaomnosnhrgia ptasin oedsv alauc aotmep aunsyir nagt io
analysi1s75.) (page
Pag6e ©201K2a plIannc,.
Book F3i nanRceipaolr atniAdnn ga lysis
-
ReadiAnsgs ignmaenndLt esar ning OSuttactoemmee nts
d.d emonstthraeap tpel icoafDt uiPoonann ta loyfrs eitsuo rnen q uiatnyd,
calculaitnet eratpnherdefee fctot fsc hanignie tscs o mpon(epnat1gs36e.)
e.c alcualnaidtn tee rrpartueistoe isdn e quiatnya lcyrseiadsni,at l aynssdie sg,m ent
anal(ypsai1gs6e.7 )
f. deschroiwrb aet ainoa lysoitsh teaernc dh nciaqbnue eu ss etdom odaenld
foreceaasrtn i(npga1sg2.7e )
STUDYS ESSIO9N
Thtepo iccaolv ecroasrgoprenes dw itthhfo el lowCiPAnI gsn tiatsugstnieer de ading:
29I.n ventories
Thec andisdhaotubelea d b lteo :
a.d istinbgeutiwcseoehsn it nsc luidnie ndv entaonrcdio esrste sc ogansi zed
expenisnte hse pienwr hiiotcdhh e ayri en cur(rpea1dg2.8e )
b.d escdriiefbrfeei nntv envtaolruyam teitohno( dcsof srotm ul(apsa)1g.8e ) 4
c.c alcucloasttse a olafen sed n ding iunsviednnigetf roferinynt v envtaolruya tion
methoadnesdx pltahiienm paocftt h ien ventorym evtahlcouhdao tioicnoe n
gropsrso fi(pta.1g 8e5 )
d.c alcualncadot mep caoroes tfs algersop,sr so fainedtn ,d iinngv enutsoirnyg
perpeatnupdae lr iiondviecn tory sy1s88t)e ms. (page
e.c ompaarncdeo ntcroasstst a olefen sd,ii nngv ernyat,no gdr opsrso ufisti ng
dieffrent inventmoertyh o(vdpasal.1gu 9ea0 t)i on
f.d esctrhimebe ea sureomfie nnvte nattto hrleyo woefcr o asntnd e rte alisable
val(upea.1g 9e 1)
g.d esctrhifiebn ea nsctiaatle ment porfe sadenindst caltroiesolunart teois n g
invent(oprai1ge9es4 .)
h.c alcualnaidnt tee rrpartueistoe sd e vtaol iunavteen mtaonrayg em(epna1tg4.9e)
Thtepo iccaolv ecroasrgoprenes dw ithfo ltlhoewC iPnAI gn staistsuigtrneee add ing:
30L.o ng-LAisvseedt s
Thec andisdhaotubele ad b lteo :
a.d istinbgeutiwcseohesn tt hsaa trc ea pitaanldi zcetdoh saattres ex penisnte hde
periionwd h icthh eayri en cur(rpea2dg.0e) 4
b.c omptahree financioaflt hfreol elpoowrcitlniagns gs ifoific nattainognisb le
assets: ipnutrecrhdnaeasvleeldly,ao cpqeudii,r nae db uscionmebsisn ation.
(pa2g0e8 )
c.d esctrhidebif eefr ednetp recmieatthiofoordnp s r oeprtpyl,a annted,q uipment,
theefe fcotft he cohfdo eipcree cmieatthiooondtn h fei nansctiaatle ments,
antdh eef cfteosfa ssumpctoinocnesru nsielnfiguaf lne rd e siduaoln value
depreceixaptei(nopsnae 2g.1e ) 1
d.c alcudleaptree ceixaptei(nopsnae 2g.1e 1)
e.d esctrhidebi eefr feanmto rtimzeatthiofoodnirs n tanagsisbwelitetfs hi nliitvee s,
theeff eocftt hceh oiocfae m ortizatioonnt h femi entahnsoctdia atle ments,
antdh eef cfteosfa ssumpctoinocnesru nsielnfiguaf lne rd e siduaoln value
amortiezxaptei(nopsnae 2g.1e )6
f.c alcualmaotret iezxaptei(nopsnae 2g.1e ) 7
g.d escrirbeevu aatlthimeoo nd e(lp.a2 g1e)8
h.e xpltahiienm pairomfpe rnotp eprltayan,nt ed,q uipmaennidtn ,t anagsisbeltes .
(pa2g1e)8
1. expltahien dereocfop grnoipteirotnya ,n edqp uliapnmtae,nn idtn ,t angible
ass(eptas2g.2e 1 )
©201 2K aplIannc,. Pag7e
Boo3k FinanRceipaolr atniAdnn ga lysis
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ReadiAnsgs ignmaenndLt esa rning SOtuattceommeen ts
J·d esctrhifebi en ansctiaatle ment porfae nsddei nstcaltroiesolunart teois n g
proeprtpyl,a annted, q uipmaennidt n,t anagsisbe(lpteas 2g.2e 1 )
k.c omptahrfieen ancrieaplo rotfii nnvge stpmreonptwe irttyh otfph raotp erty,
plaannted,q uipm(epna2tg2.e2 )
Thtepo iccaolv ecroasrgoprenes dw itthhfo el lowCiPAnI gn staistgsuniterede ading:
31I.n coTmaxee s
Thec andisdhaotubele ad b lteo :
a.d escridbieefr fetnhbceee tsw aececno unptrioafinntgtd a xaibnlceo amned,
defkienye tienrcmlsu,dd eeifrnrgte adax s sdeetfse,tr arlxeid a bivlailtuiaetsi,o n
allowtaanxcpeeas,y aabnliden ,c otmaeex x pe(npsae2g.3e 0 )
b.e xplhaoiwdn e fetrarlxei da bialniadts isaeerstce sr eaatnedd f tcahteot rhsa t
deterhmoiwnc eoa m padneyef'rsrt eadlx i abialniadts isseehsto sub letd r eated
fort hpeu rpoosffe isn anacniaall(y psai2gs3e.1 )
c.d etertmhitena ebx a soefa coamnpya'sss aentldsi abi(lpiat2gi3ee2 s).
d.c alcuilnactotema ex expenstaex,pe asiy nacdboelemfere,rt eadax s saentds ,
deefrrteadlx i abialnicdta ilecsua,ln aidtn et erpardejtu sttthmoete hnet
finansctiaatle rmeelnatttsoae c dh anignte h ien cotmaerx a t(ep.a2 g3e4 )
e.e valtuhaietm ep aocftt a rxa cteh anognea cs o mpafinnya'nssc tiaatle amnedn ts
rat(ipoas2g.3e 8 )
f. distinbgeutiwtseehem np oarnapdre yr madnieefnrfte nicnpe rse -atcacxo unting
incoamnetd a xaibnlceo (mpea.2g 3e9 )
g.d esctrhiveba el uaatliloonwf aornd ceef etraraxes ds ets-iwthr eeinqs u ainrde d
whaitm paictt o hnaf si nansctiaatle m(epna2tg4s1e. )
h.c ompaacr oem padneyf'estr arixet de (mpsa.2g 4e2 )
1. analdyizsec lroesluartteodis en fge trraiextd e amnstd h eefe fcttiavrxea te
reconcialniedax tpilhoaoniwi,n n o frmatiinocnl uidne dtd hiesscel aofsefucrtess
ac ompany's financfiianla nrscatitaai(tlpoe asm2g.e4e n4 t)s and
J·i dentikfyep ytr hoev iosfai noddni fsef renbceetsw ienecno mea ctcaouxn ting
undIeFrR aSn Ud. SG.AAP. (p2a4g6e)
Thtepo iccaolv ecroasrgoprenes dw itthhfo el lowCiPAnI gn staistgsuniterede ading:
3.2N on-Cur(rLeonnetgr -mLT)i abilities
Thec andisdhaotubele ad b lteo :
a.d etertmhiienn ei rteicaolg niintiimtoeinaa,sl u reamnesdnu tb sequent
measureomfbe onntd( sp.a2 g57e)
b.d isctuhesefse f ctiinvtee mreetshtao ndcd a lcuilnatteeerx epsetan msoer,t isation
ofb onddi scounts/apnriden mtiepurameyssm,te (nptas2g.5e 8 )
c.d isctuhdsees r ecogonfdi etbi(tpo.an 2g 6e3 )
d.e xpltahireno olef dceobvte nianpn rtost eccrteidnig(t poar2gs6e.4 )
e.d isctuhfisens a ncial psrteasteenmotefaan nttddi i osnc lroesluartteodis en bgt .
(pa2g6e4 )
f. disctuhmseos t ivaftorli oenass ing asosfpe utrsc hiatnshsiet(nmepg.aa 2dg6 e5 )
g.d istinbgeutiwasefi hen na nlceea sea noa pnedr alteiafnsrgeo t mh pee rspectives
oft hlee sasnotdrh lee s(speae2g.6e 6 )
h.d etertmhiienn ei rteicaolg niintiimtoeinaa,sl u reamnesdnu tb,s equent
measureomffie nnatnl ceea (speas2g.6e 7 )
1. comptahrdeei sclroesluartteois n fign aannodcp ee ralteians(gpe as2g.7e 5 )
J descdreifibnece odn triabnuddte ifoinbn eendep feintsp iloan(n psa.2g 7e5 )
0
k.c ompatrhpeer esenatnaddti isocnl oofds eufriecn oendt riabnuddte ifionne d
benepfietn sion( ppal2ga7en6 s).
l.c alcualniadnt tee rlperveeatrn acdgo ev erraagtei( opsa2.g7 e8 )
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STUDYS ESSIO1N0
Thtepo iccaolav gecero erpsronswd itthhfo el lowCiFAnI gn staistgsuniterede ading:
33.F inanRceipaolr QtuianlgiR teydF: l aagnsAd ccounWtarinnigSn igg ns
Thec andisdhaotubele ad b lteo :
a.d escirnicbeen tthiamvtie gsh t iacn odmupcaemn ayn'asg etmoeo nvte rroerp ort
underreeapronri(tnp ga2sg9.e 1 )
b.d escarcitbiev itwiierlsel situnahll atot qw u aloifet ayr ni(npga2sg9.e2 )
c.d esctrhitebh erc eoen ditthiaaotrng ese nerparlelswyeh netfnar uodc curs,
inclutdhireni fgsca kt orresl attote hdec soen dit(ipoa2ng9se2. )
d.d esccroimbmeoa nc counwtairnngi ng smiegtnhsfo ordda sen tde cetaicnhg.
(pa2g9e5 )
Thtepo iccaolav gecero erpsrosnw ditthhfo el lowCiFAnI gsn tiatsugstnieer de ading:
34A.c counSthiennga noingt ahnCesa sFhl oSwt atement
Thec andisdhaotuel adb ltbeoe :
a.a nalaynzddee sctrhifebol el owwianytgso m aniputlhcaeat sfehl oswt atement.
stretocuhptia nyga bles;o fpf aiynaabsnlececisun;rg i toifrz eacteiiovna bles; and
usisntgo ck btuoyo bfsafedctik lsu otfei aornn i(npga3sg0.e 2 )
Thtepo iccaolav gecero erpsronswd itthhfo el lowCiFAnI gn staistgsuniterede ading:
35.F inanSctiaatle Amneansltiy Asp:p lications
The candidbaeta eb lteso h:o uld
a.e valau actoeam npyp'assf tin apnceoirrafmla nacneedx plhaoiwanc omapny's
straitrsee gfyl eicnp taesfidtn anpceiorarflm an(cpea3.g 0e8 )
b.p repaa rbeap sriocj eocfatc ioomnp afnutyu'rnsee i tn coamnecd a sfhl ow.
(pa3g0e9 )
c.d esctrhirebo eol fefi nansctiaatle amneanltiy nas sisse stshceir negd it oqfu ality
ap otendteibiatnl v est(mpean3gt01e.)
d.d escriubseoe ff t ihnea nsctiaatlea mneanltiy nss cirse efnorpi ontge netqiuailt y
invest(mpean3gt1es 1. )
e.d eteramnijdnsu et iafyp proparniaalatydesj tu sttmoaec notmsp afniyn'asn cial
statetmoef canitlsi ctoamtpea rwiistaohnn o tchoemrp a(npya.3g 1e) 1
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