Having Trouble Going Through Financial Reporting and Analysis? This May Help.
I have to admit, I’m struggling with the Financial Reporting and Analysis (FRA, SS7 to SS10) part of CFA Level 1 curriculum. The available texts, both CFAI and Schweser, continue to read like Latin to me.
The big problem is that FRA is not like Quants or Econs, whose concepts you can wrap your head around. Instead, FRA, at least to me, is very much like a bunch of arbitrary rules that I just have to memorize blindly.
Well, I hope you’re finding it easier than I am. If you’re struggling as well though, here’s something that may help:
The Merrill Lynch Guide to Understanding Financial Reports (PDF)
Quote:
“This Guide to Understanding Financial Reports is an initiative by Merrill Lynch and its communications partner, Addison, to provide a clear, practical explanation on how to read and interpret a corporate report. We encourage you to use this resource to help you play a more active and informed role in working with your Financial Advisor—and ultimately gain better control of your investment activities.”
They really try to walk you through the basics there. I find this document very useful in just understanding the high-level concepts first, before delving further into the level of details presented in the CFAI and Schweser texts.
Hope someone will find this document to be as useful as it is for me.
April 29th, 2009 at 9:01 am
hi,pal! i even don’t know ur name but still want to thank u for offering a great chance for me to know a good way to study CFA! and i also get the same dream as u to generate amount of money within a given time.
why not we keep in touch?