CFA复习笔记_精品.doc

CFA复习笔记 1、receivables turnover = net sales / average net accounts receivables; 2、average day’s sales uncollected = 365 / receivables turnover; 3、During periods of increasing inventory and rising prices: COGS: FIFO＜average cost method＜LIFO; Net income :LIFO＜average cost method＜FIFO; 4、total interest cost =the amount of interest paid over the life of the bond +the amount of the discount – the amount of the premium 5、(1)a defined contribution plan: employees bear all the risk of investment performance; (2)a defined benefit plan: the employer bears all the risk of investment performance. 6、proxy statements are issued to shareholders when there are matters that are required to vote. 7、The Management Discussion and Analysis (MDA)is required to discuss: (1)results from operations, with a discussion of trends in sales and expenses; (2)capital resources and liquidity, with a discussion of trends in cash flows; (3)a general business overview based on known trends. Additional areas include: (1)discussion of significant effects of currently known trends, events, and uncertainties（may voluntarily disclose forward-looking data）; (2)liquidity, capital resources, and transactions or events with liquidity implications; (3)discontinued operations, extraordinary items, and other unusual or infrequent events; (4)extensive disclosures in interim financial statements; (5)disclosure of a segment’s need for cash flows or contribution to revenues or profit. 8、cash from asset disposal = decrease in asset + gain from sale 9、indrect method: cash from operations = net income – gain that results from financing and investment cash flows + noncash charges to income - increase in the balances of operating asset accounts + incease in operating liability accounts. 10、cash collections from customers = net sales – increase in the accounts receviables + any advances from customers. 11、cash payments from inputs=COGS + depreciation included in COGS + increase in account payable balance – increase in th