CFA复习笔记.doc

CFA复
1、receivables turnover = net sales / 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 e :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 (MD&A)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 e – gain that results from financing and investment cash flows + noncash charges to e - 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 the in