Analysis of Long-Term Assets (2024/2025 CFA® Level I Exam – FSA – Learning Module 7)

Master Analysis of Long-Term Assets for the CFA® Level I Financial Statement Analysis exam. In this lesson, Professor Jim Forjan explains how to analyze tangible and intangible long-term assets under IFRS and US GAAP, including acquisition, development, impairment, derecognition, amortization, depreciation, financial statement effects, disclosures, and key asset-related ratios. This CFA Level I FSA lesson places particular emphasis on intangible assets, including goodwill, patents, copyrights, internally developed assets, and assets acquired through business combinations. You'll also learn how impairment and derecognition affect financial statements and financial ratios. What you'll learn: ✓ Compare the accounting treatment of purchased, internally developed, and acquired intangible assets ✓ Understand the treatment of research and development costs under IFRS and US GAAP ✓ Explain impairment and derecognition of long-term assets ✓ Distinguish between limited-life and indefinite-life intangible assets ✓ Understand amortization and depreciation of long-term assets ✓ Analyze how impairment affects ROA, asset turnover, profit margin, and debt-to-equity ✓ Understand long-term asset disclosures in financial statements ✓ Calculate and interpret fixed-asset turnover ✓ Analyze average asset age and remaining useful life ✓ Understand the accounting treatment of investment property Chapters: 00:00 Introduction to Analysis of Long-Term Assets 01:01 Intangible Assets and Their Importance 02:54 How Businesses Acquire Intangible Assets 03:43 Internally Developed Intangible Assets 05:45 Impairment and Derecognition 08:36 Limited-Life vs. Indefinite-Life Intangible Assets 10:01 Impairment Reversals: US GAAP vs. IFRS 10:50 Impact of Impairment on Financial Ratios 12:46 Long-Term Asset Disclosures 13:57 Fixed-Asset Turnover Ratio 14:51 Average Asset Age and Remaining Life 15:24 Investment Property 16:04 Summary and Practice Questions Study with AnalystPrep Prep Packages for the CFA® Program offered by AnalystPrep (study notes, video lessons, question bank, mock exams, and much more): CFA Level I:https://analystprep.com/shop/cfa-leve... CFA Level II:https://analystprep.com/shop/cfa-leve... CFA Level III:https://analystprep.com/shop/cfa-leve... Follow AnalystPrep for more CFA® and finance education content: Facebook:   / analystprep   Instagram:   / analyst_prep   LinkedIn:   / analystprep   #CFA #CFALevel1 #CFAExam #FinancialStatementAnalysis #FSA #IntangibleAssets #LongTermAssets #IFRS #USGAAP #Accounting #CFAExamPrep #AnalystPrep