100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CFA Exam Study Guide with Complete and Verified Solutions $12.49   Add to cart

Exam (elaborations)

CFA Exam Study Guide with Complete and Verified Solutions

 2 views  0 purchase
  • Course
  • Institution

CFA Exam Study Guide with Complete and Verified Solutions 6 components of the Code of Ethics: - Answer️️ -+Act with integrity, competence, diligence, respect and in an ethical manner wit the public, clients, prospective clients, employers, employees, colleagues, and all participants in glo...

[Show more]

Preview 4 out of 170  pages

  • September 14, 2024
  • 170
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
©SOPHIABENNETT
EXAM_SOLUTIONS GUARANTEED SUCCESS 2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/3/24 2024/2025

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM



CFA Exam Study Guide with Complete
and Verified Solutions


6 components of the Code of


Ethics: - Answer✔️✔️-+Act with integrity, competence, diligence, respect and in an

ethical manner wit the public, clients, prospective clients,

employers, employees, colleagues, and all participants in global

markets

+Place integrity of profession and interest of clients above all else

+Use reasonable care and independent professional judgement

when conducting investment analysis, making investment

recommendations, taking investment action, and engaging in

professional activities

+Practice and encourage others to practice in a professional and

ethical manner that will reflect credit on themselves and the

profession

+Promote the integrity, and uphold the rules of, the capital markets

+Maintain and improve

7 Standards of Professional

Conduct: - Answer✔️✔️-+Professionalism

+Integrity of Capital Markets

+Duties to Clients

Page | 1

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM


+Duties to Employers

+Investment Analysis, Recommendation

and Action

+Conflicts of Interest

+Responsibilities of a CFA

Member/Candidate

A change in accounting

estimates... - Answer✔️✔️-Is a change due to new

information and does not require

old statements to reflect it

A change in accounting

principles... - Answer✔️✔️-Requires restatement of prior

financial statements

A Priori Probability - Answer✔️✔️-Comes from a formal reasoning

and inspection process; an

objective probability

Absolute Yield Spread - Answer✔️✔️-The difference between yields on two

bonds;

= Higher Bond Yield - Lower Bond

Yield;

Most commonly used;

Shortcoming is it may always remain

constant even as yield rise or fall

Page | 2

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM


Accelerated Depreciation - Answer✔️✔️-Applies depreciation more at the

beginning of an assets life

Accelerated Sinking Fund - Answer✔️✔️-Allows the issuer the choice of

retiring more than the amount of

bonds specified in the sinking fund

requirement

Accounting Information Flow - Answer✔️✔️-1. Journal record every transaction by order

of date

in the general journal

2. The general ledger sorts the entries in the

general journal by account

3. An initial trade balance is prepared at the end of

the period to show the balance of each account

and adjustments are then made

4. Financial statements are made from the

adjusted trial balances

Accounting Warning Signs - Answer✔️✔️-+Aggressive revenue recognition

+Different growth rates of operating cash flow and earnings

+Abnormal sales growth as compared to the economy, industry or peers

+Abnormal inventory growth compared to sales growth

*Could be signs of obsolete products

+Boosting revenue with nonoperating income and nonrecurring gains

+Delaying expense recognition

Page | 3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73091 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart