Understand FSA but Fail Problems? | Equity vs Acquisition | CFA L2 скачать в хорошем качестве

Understand FSA but Fail Problems? | Equity vs Acquisition | CFA L2

"I understood the lecture, but I can't solve the questions." If this is you, you’re not alone. CFA Level II FSA is famous for giving candidates an "illusion of understanding." You get the concept, but the mechanics of Intercorporate Investments trip you up every time. In this video, we stop the rote memorization. We use 3D visuals (The Apple Deconstruction) to bridge the gap between "knowing the rule" and "solving the problem." 👇 What we’ll deconstruct today: The Mid-Year Trap: Why a July 1st acquisition changes everything in your Income Statement. The Balancing Act: How the Parent's standalone books differ from the consolidated report on Day 0. The Cash Illusion: Tracking the $750M. Does the subsidiary see a penny of it? The NI Identity: A step-by-step proof of why Net Income remains identical across both methods, despite the different accounting paths. Financing Variant: How an all-stock deal dilutes your ROE compared to a cash transaction. 🚀 Next Up: We go deeper into Part 2, tackling Internal Unrealized Profits and the Full vs. Partial Goodwill debate. Subscribe to master the intuition, not just the math. ----------------------------------------------------------------------- Timestamps: 00:00 Why You "Understand" the Logic but Fail the Problems 00:57 Visual Intuition: One-Line vs. Line-by-Line 02:14 The "July 1st" Mid-Year Acquisition Trap 03:42 Q1: The Goodwill Test 06:15 B/S Battle: Standalone vs. Consolidated 11:20 The Cash Myth: Who actually got the money? 12:34 The NI Identity: Proving Why the Result is Identical 16:55 Variant: ROE Dilution in Stock Swaps 18:44 Final Summary & Part 2 Preview ----------------------------------------------------------------------- ⚠️ Disclaimer: This video is for educational purposes only. Opinions are my own. Not affiliated with CFA Institute. CFA® is a registered trademark of CFA Institute. -----------------------------------------------------------------------