CFA. Level 2 Book 2: Financial Reporting and Analysis and Corporate Finance 2015

The book is meticulously structured to cover two pivotal areas in the CFA Level 2 examination: Financial Reporting and Analysis (FRA) and Corporate Finance. In the FRA section, you will delve into comprehensive accounting and financial reporting standards, enabling you to understand and analyze financial statements with precision. Key topics include the examination of various accounting methods, analysis of financial ratios, and the exploration of income taxes. The Corporate Finance section, on the other hand, focuses on the principles and practices used by corporations to manage investment decisions, capital budgeting, and financial strategy. Through detailed examples and practice questions, this book provides practical applications of complex financial theories, ensuring you gain a robust understanding of the strategies employed in corporate finance.

• Enhanced understanding of financial statements and the skills to conduct thorough financial analysis.
• Insights into different accounting treatments and how they affect financial reporting and analysis.
• Mastery of corporate finance fundamentals including investment decision processes, cost of capital, and capital structure.
• Comprehensive practice questions and examples that simulate the CFA exam style.
• Real-world applications that illustrate the impact of corporate finance decisions on valuation and financial health.

"The art of financial analysis lies in determining the economic reality behind reported figures."

"Corporate finance is not just a set of rules; it is the backbone of strategic decision-making within a corporation."

The significance of 'CFA. Level 2 Book 2: Financial Reporting and Analysis and Corporate Finance 2015' lies in its ability to bridge theoretical knowledge and practical application. For aspirants of the CFA designation, mastering the content of this book is crucial to achieving certification and subsequent career advancement. The book's clear, concise, and structured approach demystifies the complex world of financial analysis and corporate finance, making it accessible to both new learners and seasoned professionals seeking a refresher. Furthermore, the CFA curriculum is globally recognized, and expertise in these areas is invaluable across industries, enhancing financial decision-making and strategy formulation skills that are appreciated in any business setting. Ultimately, this book serves as a cornerstone for those aiming to excel in finance, offering the tools to not only pass the examination but to thrive in a dynamic economic landscape.