It is certainly possible to learn everything you need to know about financial reporting and analysis (for both Level I and Level II) without understanding fully credits and debits, but it is unquestionably more difficult than if you do understand them.  The good news is that they’re not difficult to understand. Income statements gave rise […]

This article is for members only.  You can become a member now by purchasing a

CFA® Level I Membership, CFA® Level I Financial Reporting and Analysis (FRA) Membership

This will give you access to this and all other articles at that membership level.