core-models™ Product Description
While reading your primary material, have you found yourself needing supplemental information on certain concepts such as:
- Why the central limit theorem is a precursor to understanding the hypothesis theory
- How to determine the optimal output quantity and price in a microeconomic model by using MC, MR, MRP, w, TC, and TR
- How account receivables, unearned revenue, income, and expense change under the various revenue recognition methods
- Why you record an income when reclassifying the sale of A/R with recourse
- The accounting differences between direct-financing and sale-type capital leases for the lessor and the lessee
- Why the treasury spot rate eliminates any arbitrage opportunity
- How the profit profile differs between the various options strategies (synthetic call, synthetic put, fiduciary call, protective put, covered call)
The concepts listed above are only a few of the questions that core-models™ will clarify for you. core-models™ has 17 interactive models which will supplement your primary reading material. Through our approach, you will be able to master these theories and apply them to many applications presented to you. core-models™ is a unique way of studying which will help you visualize concepts as opposed to strictly memorizing formulas.
The models are designed to provide a clear and interactive experience in understanding complex concepts. In addition to the narrative provided, you will be able to change the input variables to see how the output changes. Because these models were made in Excel, you will be able to see how each and every result is calculated simply by clicking on the cell in question.
In addition, by changing the variables, Excel will automatically recalculate the graphs to help you further visualize the concepts. By fully understanding the formulas, you will better be able to understand the underlying theories. We know that core-models™, in conjunction with your primary reading material, will better prepare you for the upcoming CFA Exam.