Introduction to Financial Statement Modeling (2025 CFA® Level I Exam – FSA – Learning Module 12)

Prep Packages for the CFA® Program offered by AnalystPrep (study notes, video lessons, question bank, mock exams, and much more): Levels I, II & III (Lifetime access): https://analystprep.com/shop/cfa-unlimited-package-for-level-1-2-3/ Level I: https://analystprep.com/shop/cfa-level-1-learn-practice-package/ Level II: https://analystprep.com/shop/learn-practice-package-for-level-ii-of-the-cfa-exam-by-analystprep/ Level III: https://analystprep.com/shop/cfa-level-3-complete-course-by-analystprep/ Prep Packages for the FRM® Program: FRM Part I & Part II (Lifetime access): https://analystprep.com/shop/unlimited-package-for-frm-part-i-part-ii/ Topic 5 – Financial Statements Analysis Learning Module 12 – Introduction to Financial Statement Modeling - LOS : Demonstrate the development of a sales-based pro forma company model. - LOS : Explain how behavioral factors affect analyst forecasts and recommend remedial actions for analyst biases. - LOS : Explain how the competitive position of a company based on a Porter’s five forces analysis affects prices and costs - LOS : Explain how to forecast industry and company sales and costs when they are subject to price inflation or deflation. - LOS : Evaluate the effects of technological developments on demand, selling prices, costs, and margins. - LOS : Explain considerations in the choice of an explicit forecast horizon and an analyst’s choices in developing projections beyond the short-term forecast horizon.