On an income statement, EBIT can be easily calculated by starting at the Earnings Before Tax line and adding to it any interest expenses the company may have incurred. EBITDA can be harder to calculate on the income statement. Depreciation and Amortization can be included in several spots on the income statement (in Cost of Goods Sold and as part of General & Administrative expenses for example), and therefore, requires special focus.
The easiest way to ensure you have the full depreciation and amortization number is by checking the Cash Flow Statement, where they will be fully broken out.
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Below is a break down of subject weightings in the FMVA® financial analyst program. As you can see there is a heavy focus on financial modeling, finance, Excel, business valuation, budgeting/forecasting, PowerPoint presentations, accounting and business strategy.
A well rounded financial analyst possesses all of the above skills!
Additional Questions & Answers
CFI is the global institution behind the financial modeling and valuation analyst FMVA® Designation. CFI is on a mission to enable anyone to be a great financial analyst and have a great career path. In order to help you advance your career, CFI has compiled many resources to assist you along the path.
In order to become a great financial analyst, here are some more questions and answers for you to discover:
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