Understand the cash tax rate, how it differs from effective tax rate, and why it matters for DCF valuation and real cash flow analysis.

Understand service cost in pension accounting, including current and past service cost, assumptions, and impact on financial statements.

Learn what current service cost means in pension accounting, how it is calculated, and why it impacts operating profit in defined benefit schemes.

Understand fair value of plan assets, how pension fund assets are valued, and how they impact surplus, deficit, and financial statements.

Understand the importance of the grant date in equity compensation, including its impact on base price, vesting, tax, and final payouts.

Learn how Stock Appreciation Rights work, including valuation, taxation, vesting, and differences from phantom shares and stock options.

Understand Phantom Shares including how they work, types, taxation, vesting and differences from real equity and stock options.

Understand Finance Lease in CFA and FRM including key features, accounting treatment and differences from operating leases.

Understand net realisable value with examples, formula, and its role in inventory valuation under the lower of cost or NRV rule.