Reading 40: Equity Concepts and Techniques

This is the first reading in Equity Valuation. I gave it a fast reading from Schweser 2007. Some topics like Industry Life Cycle, Value Chain, Return Analysis, Risk Analysis etc are a repetition from L-I syllabus. There is a new formula for P/E ratio analysis and a few other things like the comparison of the FASB and IASB rules pertaining to some Financial Statement Analysis rules (Consolidation, Purchase method etc)…I have already forgotten the FSA part
Anyway, this reading is far from over. I’m not happy with the way Schweser has presented this material. Tomorrow in office, I’m going to re-read all of this from the Curriculum and hopefully, revise the relevant FSA concepts too. If I’m happy with my preparation, then I might start with the next reading, else I’ll call it a day.