CFA® L2 — Financial Statement Analysis
Inter-corporate investments, business combinations, employee compensation, multinational operations, quality of financial reports — where the heavy lifting begins.
Quick info
- Layer
- Professional Certifications
- Track
- CFA® Level 2
- Estimated hours
- 50 hrs
- Chapters
- 5
- Exam body
- CFA Institute
- Cost on Trustner
- Free
The full chapter-by-chapter syllabus is published below so you know exactly what you're committing to. Individual lesson pages are being authored progressively over the coming weeks. Bookmark this page or browse all courses.
About this course
Inter-corporate investments, business combinations, employee compensation, multinational operations, quality of financial reports — where the heavy lifting begins.
Who this is for
- CFA L2 candidates.
- Equity-research analysts.
What you'll learn
- Equity-method vs consolidation accounting
- Pension and stock-based compensation accounting
- Multinational operations and currency translation
- Quality of earnings — advanced
Full syllabus — 5 chapters
- 1Reading 1
Inter-corporate investments
- Equity method, acquisition method
- Joint ventures
- 2Reading 2
Employee compensation
- DB and DC pensions
- Stock-based compensation
- 3Reading 3
Multinational operations
- Translation methods
- Effects on financial ratios
- 4Reading 4
Quality of financial reports
- Beneish M-score, Altman Z-score
- Common manipulation patterns
- 5Reading 5
Financial-statement modelling
- Building forecast models
- Sensitivity and scenario analysis
About the exam
- Provider
- CFA Institute
Note: ~10-15% of CFA L2 weight.
The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.
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