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Home/8.1 CFA Level 1/FRA (CFA L1)

SSEI QForum Latest Questions

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QFCo-Founder
Asked: December 16, 2022In: FRA (CFA L1)

CFA Level 1 FRA | Imp Query on OCI (Other Comprehensive Income) | Candidate Resources

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CFA Level 1 FRA | OCI This is a very important question from the Candidate Resources. Refer audio for the Query (Credits: L1 candidate Mikul Agarwal) Audio Response by Sanjay Sir attached in the Answer Section.

CFA Level 1 FRA | Imp Query on OCI (Other Comprehensive Income) | Candidate Resources
  • 2 Answers
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  • 11 Followers
Answer
taparia keshav
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taparia keshavPro
Asked: November 14, 2023In: FRA (CFA L1)

Income tax

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. A company purchases a new pizza oven for $12,675. It will work for 5 years and have no salvage value. The company will depreciate the oven over 5 years using the straight-line method for financial reporting. and over 3 ...

  • 1 Answer
  • 55 Views
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Bansi
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BansiBeginner
Asked: November 13, 2023In: FRA (CFA L1)

Inventory

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Why ans A ?

Inventory
  • 1 Answer
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piyush9316
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piyush9316Beginner
Asked: November 10, 2023In: FRA (CFA L1)

Financial statement analysis

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  Other factors held constant, the reduction of a company’s average accounts payable because of suppliers offering less trade credit will most likely: not affect the operating cycle reduce the operating cycle. increase the operating cycle. Whats the answer of this question In core option a ...

Financial statement analysis
  • 1 Answer
  • 123 Views
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Answer
amanchawla
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amanchawlaIntermediate
Asked: November 8, 2023In: FRA (CFA L1)

FSA Inventory chapter in this question

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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...

  • 1 Answer
  • 54 Views
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Answer
amanchawla
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amanchawlaIntermediate
Asked: November 8, 2023In: FRA (CFA L1)

FSA Inventory chapter in this question

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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...

  • 1 Answer
  • 81 Views
  • 0 Followers
Answer
amanchawla
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amanchawlaIntermediate
Asked: November 8, 2023In: FRA (CFA L1)

FSA Inventory chapter.

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 My doubt In this question they asked to calculate the FIFO valuation of portion of inventories which are currently following LIFO so why in the answer they gave all the inventories basically the ans should ...

  • 1 Answer
  • 39 Views
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Answer
amanchawla
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amanchawlaIntermediate
Asked: November 8, 2023In: FRA (CFA L1)

FSA Inventory chapter in this question

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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...

  • 1 Answer
  • 7 Views
  • 0 Followers
Answer
amanchawla
  • 0
amanchawlaIntermediate
Asked: November 8, 2023In: FRA (CFA L1)

FSA Inventory chapter

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Notes to Consolidated Financial Statements 2. Summary of significant accounting policies:Inventories. Inventories are valued at cost, not in excess of market. Cost is determined on the “average-cost” basis, except for the cost of finished products ...

  • 1 Answer
  • 25 Views
  • 0 Followers
Answer
Tushti
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TushtiPro
Asked: November 7, 2023In: FRA (CFA L1)

Deferred Income vs Deferred Revenue

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I was revising flashcards by CFAI when I found these two very confusing terms. Do you all have a better explanation or understanding of the difference between the two terms?

  • 1 Answer
  • 48 Views
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Answer
taparia keshav
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taparia keshavPro
Asked: November 6, 2023In: FRA (CFA L1)

Analysis of inventory

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Kya Gross profit calculate karte waqt sales expenses deduct Karte .   Book mein kiya hua Hai.  Dono time 1st while calculating GP and 2nd while calculating profit

Analysis of inventory
  • 1 Answer
  • 27 Views
  • 0 Followers
Answer
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