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Lecture notes S2 L 4 - 1 Analyzing Investing Activities...

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7/22/2011 1 1 Analyzing Investing Activities: Intercorporate Investments Main References: Subramanyam and Wild, Chapter 5 Robinson, Greuning, Henry, Broihahn, ch 15 CFA Program Curriculum II. 2 Key Concepts and objectives Companies often invest in marketable debt and securities in other companies Reasons such as, diversification, entry into international markets, growth and competitive opportunities lead companies to make investments in other companies The characteristics of each investment dictates how it is reported Differences in reporting standards for various intercompany investments make it difficult to analyse
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