SAPP CFA1 Financial Statement Analysis Slide 2026

Source Info

Publisher: SAPP Academy
File: financial-statement-analysis/raw/SAPP_CFA1_FSA_Slide_2026.pdf
Coverage: CFA Level 1 Financial Statement Analysis — 14 modules (M01 + Pre1 + M02–M12 + Pre2)
Year: 2026 curriculum

Module	Title	Pages	LOS
M01	Introduction to FSA	3–44	1.a–1.e
Pre1	Financial Reporting Standards	45–70	Pre.i–Pre.iv
M02	Analyzing Income Statements	71–147	Pre.i–Pre.iii, 2.a–2.e
M03	Analyzing Balance Sheets	148–190	Pre.i–Pre.v, 3.a–3.e
M04	Analyzing Statements of Cash Flows I	191–238	Pre.i–Pre.iii, 4.a–4.d
M05	Analyzing Statements of Cash Flows II	239–254	5.a–5.b
M06	Analysis of Inventories	255–314	Pre.i–Pre.iv, 6.a–6.c
M07	Analysis of Long-term Assets	315–380	2.b, Pre.i–Pre.iv, 7.a–7.c
M08	Topics in Long-term Liabilities and Equity	381–452	Pre.i–Pre.vi, 8.a–8.c
M09	Analysis of Income Taxes	453–517	Pre.i–Pre.iv, 9.a–9.d
M10	Financial Reporting Quality	518–543	10.a–10.h
M11	Financial Analysis Techniques	544–586	Pre.i, 11.a–11.f
Pre2	Applications of FSA	587–607	Pre.i–Pre.v
M12	Introduction to Financial Statement Modeling	608+	12.a–12.d

FSA framework, financial statements, audit reports, reporting standards
Income statement analysis, revenue recognition (IFRS 15), EPS calculations
Balance sheet analysis, assets, liabilities, equity classification
Cash flow statement analysis (direct vs indirect method), free cash flow
Inventory methods (FIFO, LIFO, weighted average), LIFO reserve adjustments
Long-term asset capitalization vs expensing, depreciation, impairment
Long-term liabilities (bonds, leases), equity transactions
Deferred tax assets/liabilities, valuation allowance, tax rate changes
Financial reporting quality spectrum, earnings management, warning signs
Ratio analysis (activity, liquidity, solvency, profitability), DuPont decomposition
FSA applications and financial statement modeling