I re-read the FSA (Financial Statement Analysis) book. And after reading I gave a comprehensive test on FSA. The test score came out to be pathetic. On analysis of the answers I concluded the following on which i can improve.
1) Fews were answered incorrectly because i don’t remember what I read..these are basically the accounting treating of different parts of FS with US.GAAP and IFRS.
This can improved by revising the International standards convergence and the relevant bits from different topics
2)The effect of various accounts (like inventory, liablities, off-balance-sheet liabilities , long-lived assets, capitalization of assets) on CFO, CFF and CFI, operating and net income, leverage ratios etc.
I have to browser through session 9 once again. I have to do it every day.
3)various revenues recognition methods and their effect of ratios and cash flows.
have to go though income statment topic once again.
Time is getting short and amount of reading material to be revised is mounting up.
