Topics in Long-Term Liabilities and Equity (2024/2025 CFA® Level I Exam – FSA – Learning Module 8)

Master “Topics in Long-Term Liabilities & Equity” for the 2024/2025 CFA® Level I – Financial Statement Analysis (FSA) – LM8. Professor Jim breaks down the accounting and analysis of leases (lessee & lessor), defined contribution vs. defined benefit pensions, stock-based compensation, and the key disclosures that impact ratios—under both IFRS & US GAAP. What you’ll learn Operating vs. finance/capital leases: recognition, income statement & cash-flow effects Lessee vs. lessor accounting (PV tests, profit on “sale-type” leases) Pension accounting: service cost, interest cost, remeasurements/OCI, funded status US GAAP vs. IFRS components (3 vs. 5) you must memorize Stock options/RSUs: fair-value expensing, vesting, dilution & EPS Required disclosures and how to analyze them Prep smarter with AnalystPrep’s CFA® study packages: Levels I, II & III (Lifetime access): https://analystprep.com/shop/cfa-unli... Level I: https://analystprep.com/shop/cfa-leve... Level II: https://analystprep.com/shop/learn-pr... Level III: https://analystprep.com/shop/cfa-leve... Prep Packages for the FRM® Program: FRM Part I & Part II (Lifetime access): https://analystprep.com/shop/unlimite... Topic 5 – Financial Statements Analysis Learning Module 8 – Topics in Long-Term Liabilities and Equity LOS : Explain the financial reporting of leases from the perspectives of lessors and lessees. LOS : Explain the financial reporting of defined contribution, defined benefit, and stock-based compensation plans. LOS : Describe the financial statement presentation of and disclosures relating to long-term liabilities and share-based compensation. #CFA #CFALevel1 #FinancialStatementAnalysis #Leases #PensionAccounting #IFRS #USGAAP #StockBasedComp