Summary CFA Level 1 2023 - Financial Statement Analysis Cheatsheet

corrupts
1) carrying Amount =
Net Book Value → Value now on Balance sheet



Acquisition cost =
Historical cost → cost at
punhase
+
make
asset unable




a) Amounting policy change →
Retrospective
Amounting estimate change →
Prospect ne




)
s write -

down
of
asset → X
change of
4) Reversal lifts only)
d) Infantry write down to -
Nkv
Reversal limited to
original write down ( Reversal Iv was )
-




b) PPE Revaluation
Reversal
original
-




can > write -
down




c) PPE
Impairment
Reversal limited to losses
previously recognised impairment
-




5) Chef Disclosure
of
PPE under Ifrs &
GAAP

, Capitalize is
Expense
1) Internally developed intangible)
R&D costs (


capitalized Expensed.
( IFRS)
costs Research costs
Development
(
GAAP)

Only software development costs
R&D costs




2) Costs
of Intangibles
capitalized Exposed
↳
Internally developed ccfo)
copy
b)
Individually acquired
a) Acquired in business combination loft)


3)
Borrowing of
costs PPE
constructing
capitalized until PPE
ready for use & earned
is minus income on
-




investing loan
proceeds

4) PPE


capitalised Expensed
if PPE use > 1
year if PPE won't have use
future
in