Hi Professor, I have noticed that all the LOS in this reading do not explicitly say calculate but there are a lot of calculations on Goodwill, carrying value of investment, investment income, and downstream/upstream transactions. Should we trust to not expect calculation type of questions on exam?
Hi Marton. Very correct, the LOS states "describe" but in order to be able to describe, you need to be able to understand the basic calculation. So while you should not be asked to calculate anything from this LOS in the actual exam, you should be able to interpret this information and form a conclusion. I hope this helps! Let us know if you have any further questions.
@@analystprep very helpful indeed, especially on downstream and upstream transactions, the calculations wind me up but I understand the concept pretty well
you talk about intercompany transactions in the acquisition method section, but not in the equity method section nor mention that profits cant be recognize until proceeds are sold to a third party. Was looking forward on an example on how to account for those :(
In the summary table at 20:48. I might be wrong but I believe that for the FVOCI, only realized G/L goes into the Income Statement, and the Unrealized G/L only goes into Equity. Could you help me with this? Thank you!
great summary of a dull topic. thank you!
You're very welcome!
a great summary on the topic!
Glad you like it!
Hi Professor, I have noticed that all the LOS in this reading do not explicitly say calculate but there are a lot of calculations on Goodwill, carrying value of investment, investment income, and downstream/upstream transactions. Should we trust to not expect calculation type of questions on exam?
Hi Marton. Very correct, the LOS states "describe" but in order to be able to describe, you need to be able to understand the basic calculation. So while you should not be asked to calculate anything from this LOS in the actual exam, you should be able to interpret this information and form a conclusion. I hope this helps! Let us know if you have any further questions.
@@analystprep very helpful indeed, especially on downstream and upstream transactions, the calculations wind me up but I understand the concept pretty well
Hey! Are there more videos for FRA and other topics? I don’t see the option to see them those on the website! Would be greatly helpful
We're currently building the playlist. All FRA videos are now live and some more topics are coming. We'll probably be posting 2-3 videos per week.
Hi, I believe reading 18: Integration of Financial statements is yet to go live on the playlist? Thanks
It will be live tomorrow at 12:00 EST. And then moving into Corporate Finance. This should be a lot of fun!
you talk about intercompany transactions in the acquisition method section, but not in the equity method section nor mention that profits cant be recognize until proceeds are sold to a third party. Was looking forward on an example on how to account for those :(
Hi Professor! In the first slide of the third LOS, if Net Income and Equity are both the same under Equity method, why is it that ROE is higher?
In the summary table at 20:48. I might be wrong but I believe that for the FVOCI, only realized G/L goes into the Income Statement, and the Unrealized G/L only goes into Equity. Could you help me with this? Thank you!
Is it normal that we skipped a couple of economics readings or am I just not finding them in the playlist?
They will be posted soon. Stay tuned!
@@analystprep Yeeeeeeeeeeeey ! can't wait, thank you for awesome content and fun personality
They've been posted. Now onto Fixed income!
Let's goooo !!! Awesome thank you so much
Those Sport analogies 😂😂