Blog article 1, Reading 22 “Understanding Balance Sheets” of the CFA Level I (curriculum 2020) is about understanding how a balance sheet is structured, when certain things have to be accounted for (= recognition) and how they have to be valued (= measurement). The valuation is divided into initial and subsequent measurement. We will talk about the differences between current assets and current liabilities and non-current assets and non-current liabilities, and we will learn more about equity.
The reading will be concluded by considerations on balance sheet analysis. Which key figures are important and how are these to be understood?
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