Page 16 - FINAL CFA I SLIDES JUNE 2019 DAY 7
P. 16

Session Unit 7:
                                                                  24. Understanding Income Statements




      LOS 24.e: Describe general principles of expense recognition, specific expense recognition
      applications, and implications of expense recognition choices for financial analysis.


      Weighted Average COGS, p.51








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                                                                                         Lower                                     Higher I
                                                                                         COGS and
                                                                                         Higher NI
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