alexdrost.blogspot.com
Alex Drost: April 2014
http://alexdrost.blogspot.com/2014_04_01_archive.html
Thursday, April 17, 2014. While making my way through the Chartered Financial Analysis (CFA) level 1 curriculum in the Financial Reporting and Analysis (FRA) section, I encountered one of the most important tools in financial statement analysis- the DuPont Analysis. I’d like to take a moment to explain not only the process for completing this analysis but also breakdown the potential usefulness of it. Operations without consideration of capital structure. The second factor is the interest burden whic...
alexdrost.blogspot.com
Alex Drost: December 2013
http://alexdrost.blogspot.com/2013_12_01_archive.html
Sunday, December 22, 2013. Simple Consolidated Financial Statement Model. To begin with, I will provide a summary of each seven sections created. Following this, I will offer some advice for creating models such as these, including errors to watch out for. Lastly, a short list of design features and their basic explanations has been included to assist the user in their understanding of the model. Interest expense for both short-term and long-term debt is calculated based on average balance based on the i...
alexdrost.blogspot.com
Alex Drost: February 2014
http://alexdrost.blogspot.com/2014_02_01_archive.html
Sunday, February 16, 2014. Take for example a firm such as Jos A Bank. In valuation, there are three primary models used in practice to determine your final valuation: discounted cash flow, comparable companies and precedent transactions. While I do not want to get into the details in this post, I would like to discuss each of the three and why or why not you would potentially apply a control premium. Data on the other hand is simply historical premiums paid, but fully independent of the current firm and...
alexdrost.blogspot.com
Alex Drost: Financial Statement Flow
http://alexdrost.blogspot.com/2014/01/financial-statement-flow.html
Friday, January 10, 2014. To help guide our conversations, I have created a simple graphic that outlines the most important flows between statements. I will reference these flows and their colors through the post to help the reader gain a better understanding. Due to the web of flows that is created here, I will start at the top of the income statement and work my way through these in what will hopefully be a coherent manner. Let’s get started. Subscribe to: Post Comments (Atom). Follow me on Twitter.
alexdrost.blogspot.com
Alex Drost: Beta
http://alexdrost.blogspot.com/2014/01/beta.html
Wednesday, January 22, 2014. Anyone who has ever dealt with valuation or modern corporate finance has probably encountered the use of beta. In modern finance beta is the key relative risk measure used in the Capital Asset Pricing Model (CAPM) to determine the risk premium demanded by equity investors. I’d like to take a minute to talk about what exactly beta is measuring along with methods by which to determine the beta used in CAPM. No, but I do believe that it can provide a better estimate of the true ...
alexdrost.blogspot.com
Alex Drost: My CPA Exam Journey
http://alexdrost.blogspot.com/2014/01/my-cpa-exam-journey.html
Wednesday, January 15, 2014. My CPA Exam Journey. Let us begin by talking about the structure of the Uniform CPA exam. As of 2013, the exam consisted of four individual sections. These sections are Auditing and Attestation (AUD), Business Environment & Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG). Other sources. Of the structure, as this is simply an overview. For my state (Michigan) and many others, you apply through NASBA. This site offers a great forum board filled wi...
alexdrost.blogspot.com
Alex Drost: Excel File Archive
http://alexdrost.blogspot.com/p/excel-file-archive.html
30-Year Return Probability Simulation. Defered Taxes and Valuation Example. Subscribe to: Posts (Atom). Follow me on Twitter. Picture Window template. Template images by Bim.
alexdrost.blogspot.com
Alex Drost: October 2013
http://alexdrost.blogspot.com/2013_10_01_archive.html
Thursday, October 31, 2013. 30-Year Return Probability Simulation. Ahh, the wonder of statistics; a great tool they can be while remaining a complete mystery to many. Now take basic statistical methods and couple them with the power of Excel and what do you get? Okay, some might really question my motives for completing this; however they are actually quite simple, I am seeking to improve my modeling and simulation skills within Excel and what a better way than to practice. Lastly, I wanted to also inclu...
alexdrost.blogspot.com
Alex Drost: About Me
http://alexdrost.blogspot.com/p/about-me.html
I am passionate about business, particularly finance and accounting. I don’t know everything, nor will I ever. However, I will continue to learn all that I can. Passion is my driver - without it, one will struggle to stay focused; with it, one will never stop progressing. My passion has afforded me an endless supply of motivation. Subscribe to my blog and would like to extend an offer to connect with me on. And follow me on. And always remember,. Subscribe to: Posts (Atom). Follow me on Twitter.
