Level I CFA® Program Prep (2023) – Financial Statement Analysis

Financial Statement Analysis – An Introduction
3 Nuggets | 1 Quiz
Major Financial Statements
Auditor’s Report and Other Sources of Information
Financial Statement Analysis Framework
QUIZ: Financial Statement Analysis – An Introduction
Financial Reporting Mechanics (removed since 2019)
3 Nuggets | 1 Quiz
Business and Accounting Process
Accrual Accounting and Valuation Adjustments
Accounts and Financial Statements
QUIZ: Financial Reporting Mechanics
Financial Reporting Standards
3 Nuggets | 1 Quiz
Standard Setting Bodies
The IFRS Framework
Convergence, Comparison, and Evolution of Standards
QUIZ: Financial Reporting Standards
Understanding Income Statements
9 Nuggets | 1 Quiz
Components and Format of an Income Statement
Revenue Recognition
Inventory Expense Recognition
Depreciation and Amortisation Expense Recognition
Non-Recurring Items and Non-Operating Items
Basic Earnings Per Share
Diluted Earnings Per Share
Common-Size and Ratio Analysis
Comprehensive Income
QUIZ: Understanding Income Statements
Understanding Balance Sheets
7 Nuggets | 1 Quiz
Components and Format of the Balance Sheet
Current Assets
Current Liabilities
Non-current Assets
Non-Current Liabilities
Owners’ Equity
Analysis of Balance Sheets
QUIZ: Understanding Balance Sheets
Understanding Cash Flow Statements
3 Nuggets | 1 Quiz
Principles and Classification of Cash Flows
Methods of Presentation
Analysis of Cash Flow Statements
QUIZ: Understanding Cash Flow Statements
Financial Analysis Techniques
4 Nuggets | 1 Quiz
Analytical Process, Tools and Techniques
Activity, Liquidity and Solvency Ratios
Profitability Ratios and DuPont Analysis
Equity and Credit Analysis
QUIZ: Financial Analysis Techniques
Inventories
3 Nuggets | 1 Quiz
Inventory Accounting
Inventory Valuation Methods
The LIFO Method
QUIZ: Inventories
Long-Lived Assets
4 Nuggets | 1 Quiz
Capitalisation of Long-Lived Assets
Depreciation of PP&E
Amortisation of Intangibles
Impairments, Revaluation and Derecognition
QUIZ: Long Lived Assets
Income Taxes
2 Nuggets | 1 Quiz
Deferred Taxes
Deferred Taxes II
QUIZ: Income Taxes
Non-Current Liabilities
5 Nuggets | 1 Quiz
Bonds
Bonds II
Leases
Pensions Plans
Solvency Ratios
QUIZ: Non-Current Liabilities
Financial Reporting Quality
2 Nuggets | 1 Quiz
Financial Reporting Quality Concepts
Accounting Bias and Earnings Manipulation
QUIZ: Financial Reporting Quality
Financial Statement Analysis – Applications
3 Nuggets | 1 Quiz
Analysing Past and Forecasting Future Performance
Credit Quality Assessment and Equity Screening
Adjusting Financial Statements for Comparability
QUIZ: Financial Statement Analysis: Applications
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Basic Earnings Per Share

Level I CFA® Program Prep (2023) – Financial Statement Analysis Understanding Income Statements Basic Earnings Per Share
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Welcome to PrepNuggets

Hey Future CFA Charterholder,

Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!

I struggled with dense textbooks, late-night cramming, and the frustration of concepts that seemed impossible after a long workday. But after passing Level I (barely), I realized something had to change.

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