## Overview

Our free CFA Level I Financial Statement Analysis notes cover everything you need to know for this module. From reporting mechanics and standards, financial statements, to ratios and analysis techniques, we've got you covered. Whether you're in a classroom or taking the self-study route, these notes provide added peace of mind, knowing that you have everything you need to help consolidate and revise effectively for CFA Level I exam. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created comprehensive study guides for all CFA Level I topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level1-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level1-quantitative-methods)
- [Economics](./cfa-level1-economics)
- [Financial Statement Analysis](./cfa-level1-financial-statement-analysis)
- [Corporate Issuers](./cfa-level1-corporate-issuers)
- [Equity Investments](./cfa-level1-equity-investments)
- [Fixed Income](./cfa-level1-fixed-income)
- [Derivatives](./cfa-level1-derivatives)
- [Alternative Investments](./cfa-level1-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level1-portfolio-management-and-wealth-planning)

## 1. Reporting mechanics and standards

- [IFRS vs US GAAP basics](./cfa-level1-reporting-mechanics-and-standards-ifrs-vs-us-gaap-basics)
- [Cash vs accrual accounting](./cfa-level1-reporting-mechanics-and-standards-cash-vs-accrual-accounting)
- [Financial reporting quality indicators](./cfa-level1-reporting-mechanics-and-standards-financial-reporting-quality-indicators)

## 2. Financial statements

- [Revenue recognition and expense capitalization](./cfa-level1-financial-statements-revenue-recognition-and-expense-capitalization)
- [Inventory and long lived assets](./cfa-level1-financial-statements-inventory-and-long-lived-assets)
- [Cash flow statement direct vs indirect](./cfa-level1-financial-statements-cash-flow-statement-direct-vs-indirect)

## 3. Ratios and analysis techniques

- [Profitability liquidity and solvency ratios](./cfa-level1-ratios-and-analysis-techniques-profitability-liquidity-and-solvency-ratios)
- [DuPont analysis and drivers](./cfa-level1-ratios-and-analysis-techniques-dupont-analysis-and-drivers)
- [Common size analysis and segment reporting](./cfa-level1-ratios-and-analysis-techniques-common-size-analysis-and-segment-reporting)

Free CFA Level I Financial Statement Analysis Study Guide