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Curated by: FinQuiz Pro (101 videos)
Get our FREE CFA Level 1 summaries: https://www.finquiz.com/cfa/level-1/summary 📊 Financial Statement Analysis = Your CFA Cheat Code 🔍📈 FSA isn’t just numbers—it’s receipts. Want to spot the lies hiding in a clean balance sheet? FinQuiz helps you read between the lines like a pro (and score like one too). ✍️ Battle-Ready Summaries – Ratios, adjustments, and accounting twists, all made simple 👉 https://www.finquiz.com/cfa/level-1/summary/ 📖 Stanley Notes – Income smoothing? Revenue timing games? We unpack it all 🧠 👉 https://www.finquiz.com/cfa/level-1/notes/ 🧮 Formula Sheet – Every FSA formula that matters, minus the brain fog 👉 https://www.finquiz.com/cfa/level-1/formula-sheet/ 🧃 Question Bank – Ratio traps, cash flow curveballs, and real exam logic 👉 https://www.finquiz.com/cfa/level-1/question-bank/ ⏱️ Mock Exams – Simulate the heat with FSA-loaded mocks and real timing pressure 👉 https://www.finquiz.com/cfa/level-1/mock-exam/ 📚 All-in-One CFA Level 1 Hub 👉 https://www.finquiz.com/cfa/level-1/ 🚀 Go Premium – Get everything unlocked + a clear path to a killer score 👉 https://www.finquiz.com/cfa/level-1/premium/ 0:00 – 0:45 | Introduction: What Are Long Lived Assets? Overview of the topic, why long lived assets are critical for the CFA Level 1 exam, and real‑world examples (e.g., a bakery buying an oven). 0:45 – 2:06 | Acquiring & Capitalizing PPE Explains how companies record long lived assets such as property, plant, and equipment (PPE) on the balance sheet—including all costs necessary to make the asset ready for use. 2:06 – 2:48 | Economic Value Beyond the Balance Sheet Discusses assets that add economic value but might not appear on standard financial statements (like reputation and a trained workforce). 2:48 – 3:23 | Measurement Models: Cost Model vs. Revaluation Model Covers accounting standards for long lived assets, comparing IFRS’s option of revaluation versus US GAAP’s strict cost model. 3:23 – 5:02 | Understanding Intangible Assets Introduces intangible assets (patents, copyrights, trademarks, and Goodwill) and their role in a company’s value. 5:02 – 6:02 | Internally Developed Intangibles: IFRS vs. US GAAP Explains how costs incurred during research and development are treated—capitalized versus expensed—under IFRS compared to stricter US GAAP rules. 6:02 – 7:01 | Goodwill in Acquisitions Describes how Goodwill is recorded when a company pays more than the fair value of the acquired net identifiable assets, including key differences under IFRS and US GAAP. 7:01 – 10:40 | Impairment Testing for Tangible & Intangible Assets Walks through the process of impairment testing: how companies determine if an asset’s carrying amount exceeds its recoverable amount, with examples (e.g., a factory fire) and the treatment of impairment for both tangible and intangible assets. 10:40 – 13:04 | Disclosure & Presentation Requirements Details the necessary disclosures for long lived assets—including depreciation methods, accumulated depreciation/amortization, and revaluation details under IFRS versus US GAAP—crucial for analyst transparency. 13:04 – 15:00 | Evaluating Asset Efficiency: Ratios & Metrics Focuses on how analysts use fixed asset turnover, asset age, and remaining useful life ratios to assess operational efficiency and the need for future reinvestment. 15:00 – 16:22 | Conclusion & CFA Exam Tips: Mastering Long Lived Assets Recaps the key concepts covered, emphasizes why understanding long lived assets is essential for both the CFA exam and financial analysis, and offers tips for exam preparation and practical application.