A useful skill to develop is that of writing out a quick, simple, general cash flow statement.  Here is an example that you should be able to reproduce in 10 – 15 seconds during the exam: \begin{align}&\ \ \ \ \ \ Cash\ Flow\ from\ Operations\ (CFO)\\ &+\ Cash\ Flow\ from\ Investing\ (CFI)\\ &\underline{+\ \ […]

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A useful skill to develop is that of writing out a quick, simple, general balance sheet. Here is an example that you should be able to reproduce in 10 – 15 seconds during the exam: \begin{align}&Current\ Assets\\ &PP\&E\\ &\underline{Intangible\ Assets}\\ &=\ Total\ Assets\\ \\ &Current\ Liabilities\\ &\underline{\ Long-term\ Liabilities}\\ &=\ Total\ Liabilities\\ \\ &Capital\ Stock\\ […]

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.