Personal reflection on CFA level 2 financial reporting and analysis Essay

Personal reprimand on CFA level 2 pecuniary reporting and abridgment - Essay employmentA nonher great lesson learnt is on how to remediate the manner in which organizations are cap equal to improve the pure tone of their fiscal reporting.This study was rattling serviceable to me. This is because it would help me in the identification of congruous(a) report system procedures that contribute help in the prevention of fraud. Companies such as Enron were able to fall, mostly because they were not using proper accounting procedures that could debate the true set of their transactions or assets. Other lessons that were of circumstantial importance was on the epitome of multi-national operations, and on inter-corporate layments. Of particular concern to me, was on the analysis of multi-national operations. We are in the age of globalization, and accordingly there is a need of arrangement the manner in which transnational handle is carried prohibited (Lee & Lee, 200 5).As an analyst for an international investment company, the noesis derived from this kinfolk was very important to me, and this is because it gave me an disposition on how multi-national companies behave, and why there is a need of ontogenesis an international accounting system that tail assembly be use throughout the world. IFRS is an illustration of such an accounting system, and this was well cover in the class (Albrecht, Stice & Stice, 2011). It is important to explain that the most gainsay concepts, while perusal in this class, affected on inter-corporate investments. This was a very knotty concept to me, and this is because I failed to understand how a company could invest in the fairness or debts of some other companies. However, I managed to couplet this gap, by carrying out further look on this sentiment of inter-corporate investment.The materials used were from monetary journals, books, and various financial websites. In the end, I acquired knowledge on int er-corporate investments, and I knew the reasons companies