## Overview

Our free CFA Level II Financial Statement Analysis notes cover everything you need to know for this module. From intercorporate investments and combinations, employee compensation and income taxes, to multinational operations and reporting quality, 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 II 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 II topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level2-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level2-quantitative-methods)
- [Economics](./cfa-level2-economics)
- [Financial Statement Analysis](./cfa-level2-financial-statement-analysis)
- [Corporate Issuers](./cfa-level2-corporate-issuers)
- [Equity Investments](./cfa-level2-equity-investments)
- [Fixed Income](./cfa-level2-fixed-income)
- [Derivatives](./cfa-level2-derivatives)
- [Alternative Investments](./cfa-level2-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level2-portfolio-management-and-wealth-planning)

## 1. Intercorporate investments and combinations

- [Acquisition method goodwill and impairments](./cfa-level2-intercorporate-investments-and-combinations-acquisition-method-goodwill-and-impairments)
- [Associates joint ventures and variable interest entities](./cfa-level2-intercorporate-investments-and-combinations-associates-joint-ventures-and-variable-interest-entities)
- [Non-controlling interests and consolidation effects](./cfa-level2-intercorporate-investments-and-combinations-non-controlling-interests-and-consolidation-effects)

## 2. Employee compensation and income taxes

- [Pensions and other post-employment benefits](./cfa-level2-employee-compensation-and-income-taxes-pensions-and-other-post-employment-benefits)
- [Share-based compensation and dilution effects](./cfa-level2-employee-compensation-and-income-taxes-share-based-compensation-and-dilution-effects)
- [Deferred taxes recognition temporary differences and valuation allowances](./cfa-level2-employee-compensation-and-income-taxes-deferred-taxes-recognition-temporary-differences-and-valuation-allowances)

## 3. Multinational operations and reporting quality

- [Foreign currency translation and hyperinflation](./cfa-level2-multinational-operations-and-reporting-quality-foreign-currency-translation-and-hyperinflation)
- [Leases revenue recognition and off-balance-sheet implications](./cfa-level2-multinational-operations-and-reporting-quality-leases-revenue-recognition-and-off-balance-sheet-implications)
- [Earnings quality detection adjustments and red flags](./cfa-level2-multinational-operations-and-reporting-quality-earnings-quality-detection-adjustments-and-red-flags)

Free CFA Level II Financial Statement Analysis Study Guide