{"id":10832,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm6\/"},"modified":"2026-09-22T07:44:38","modified_gmt":"2026-09-21T22:44:38","slug":"cfa-l2-fsa-lm6","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm6\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L2 FSA LM6\u3011Integration of Financial Statement Analysis Techniques \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u5206\u6790\u306e\u67a0\u7d44\u307f\u30fbROE\u5206\u89e3\u30fb\u5229\u76ca\u306e\u8cea\u30fb\u6bd4\u8f03\u53ef\u80fd\u6027\u306e\u8abf\u6574"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 6\u300cIntegration of Financial Statement Analysis Techniques\uff08\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u624b\u6cd5\u306e\u7d71\u5408\uff09\u300d\u306f\u3001\u76ee\u7684\u306b\u5fdc\u3058\u305f\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306e\u67a0\u7d44\u307f\u306e\u4f7f\u3044\u65b9\u3001\u8ca1\u52d9\u5831\u544a\u4e0a\u306e\u9078\u629e\u3068\u504f\u308a\u304c\u8ca1\u52d9\u8af8\u8868\u306e\u8cea\u3068\u6bd4\u8f03\u53ef\u80fd\u6027\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3001\u4f1a\u8a08\u57fa\u6e96\u30fb\u65b9\u6cd5\u30fb\u4eee\u5b9a\u306e\u9055\u3044\u306b\u5bfe\u3059\u308b\u8abf\u6574\u3001\u305d\u3057\u3066\u8cb8\u501f\u5bfe\u7167\u8868\u30fb\u5229\u76ca\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4fee\u6b63\u304c\u8ca1\u52d9\u6bd4\u7387\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM6\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM6\u306b\u306f5\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u7279\u5b9a\u306e\u554f\u984c\u3001\u554f\u3044\u3001\u76ee\u7684\uff08\u4f8b\uff1a\u985e\u4f3c\u4f01\u696d\u6bd4\u8f03\u306b\u3088\u308b\u682a\u5f0f\u8a55\u4fa1\u3001\u4fe1\u7528\u683c\u4ed8\u3051\u306e\u691c\u8a3c\u3001\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u5168\u4f53\u50cf\u306e\u628a\u63e1\u3001\u8ca1\u52d9\u6210\u7e3e\u306b\u95a2\u3059\u308b\u7d4c\u55b6\u8005\u306e\u8aac\u660e\u306e\u8a55\u4fa1\uff09\u3092\u8e0f\u307e\u3048\u3001\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306e\u67a0\u7d44\u307f\u306e\u4f7f\u3044\u65b9\u3092\u793a\u3059<\/span><span class=\"en\">demonstrate the use of a framework for the analysis of financial statements, given a particular problem, question, or purpose (e.g., valuing equity based on comparables, critiquing a credit rating, obtaining a comprehensive picture of financial leverage, evaluating the perspectives given in management\u2019s discussion of financial results)<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u4f01\u696d\u306e\u8ca1\u52d9\u8af8\u8868\u306e\u8cea\u3068\u6bd4\u8f03\u53ef\u80fd\u6027\u306b\u5f71\u97ff\u3059\u308b\u8ca1\u52d9\u5831\u544a\u4e0a\u306e\u9078\u629e\u3068\u504f\u308a\u3092\u7279\u5b9a\u3057\u3001\u305d\u3046\u3057\u305f\u504f\u308a\u304c\u8ca1\u52d9\u4e0a\u306e\u610f\u601d\u6c7a\u5b9a\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">identify financial reporting choices and biases that affect the quality and comparability of companies\u2019 financial statements and explain how such biases may affect financial decisions<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u4f01\u696d\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u306e\u8cea\u3092\u8a55\u4fa1\u3057\u3001\u4f1a\u8a08\u57fa\u6e96\u30fb\u65b9\u6cd5\u30fb\u4eee\u5b9a\u306e\u9055\u3044\u306b\u5bfe\u3059\u308b\u8abf\u6574\u3092\u542b\u3081\u3001\u8cea\u3068\u985e\u4f3c\u4f01\u696d\u3068\u306e\u6bd4\u8f03\u53ef\u80fd\u6027\u3092\u9ad8\u3081\u308b\u305f\u3081\u306e\u9069\u5207\u306a\u8abf\u6574\u3092\u63d0\u6848\u3059\u308b<\/span><span class=\"en\">evaluate the quality of a company\u2019s financial data and recommend appropriate adjustments to improve quality and comparability with similar companies, including adjustments for differences in accounting standards, methods, and assumptions<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u4f1a\u8a08\u57fa\u6e96\u30fb\u65b9\u6cd5\u30fb\u4eee\u5b9a\u306e\u5909\u66f4\u304c\u8ca1\u52d9\u8af8\u8868\u3068\u8ca1\u52d9\u6bd4\u7387\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8a55\u4fa1\u3059\u308b<\/span><span class=\"en\">evaluate how a given change in accounting standards, methods, or assumptions affects financial statements and ratios<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u4fee\u6b63\u3001\u5229\u76ca\u306e\u6b63\u5e38\u5316\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306b\u95a2\u3059\u308b\u4fee\u6b63\u304c\u3001\u4f01\u696d\u306e\u8ca1\u52d9\u8af8\u8868\u3001\u8ca1\u52d9\u6bd4\u7387\u3001\u5168\u4f53\u7684\u306a\u8ca1\u653f\u72b6\u614b\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u5206\u6790\u30fb\u89e3\u91c8\u3059\u308b<\/span><span class=\"en\">analyze and interpret how balance sheet modifications, earnings normalization, and cash flow statement related modifications affect a company\u2019s financial statements, financial ratios, and overall financial condition<\/span><\/li>\n<\/ol>\n<h2>LM6\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306f\u3001\u7126\u70b9\u30fb\u76ee\u7684\u30fb\u6587\u8108\u306b\u3088\u3063\u3066\u4f7f\u3046\u624b\u6cd5\u3084\u9053\u5177\u306f\u7570\u306a\u308b\u304c\u3001\u5171\u901a\u306e\u5206\u6790\u306e\u67a0\u7d44\u307f\u306b\u6cbf\u3063\u3066\u9032\u3081\u3089\u308c\u308b<\/li>\n<li>\u5206\u6790\u306f\u4f01\u696d\u306e\u5168\u4f53\u50cf\u3092\u8981\u7d04\u3057\u305f\u8996\u70b9\u304b\u3089\u59cb\u307e\u308a\u3001\u8ca1\u52d9\u8af8\u8868\u306e\u8868\u9762\u304b\u3089\u306f\u308f\u304b\u3089\u306a\u3044\u7d4c\u6e08\u7684\u306a\u5b9f\u614b\u3092\u6398\u308a\u4e0b\u3052\u3066\u3044\u304f<\/li>\n<li>ROE \u3092\u69cb\u6210\u8981\u7d20\u306b\u5206\u89e3\u3057\u3001\u305d\u306e\u8981\u56e0\u3092\u3055\u3089\u306b\u8a73\u3057\u304f\u8abf\u3079\u308b\u3053\u3068\u3067\u3001\u7d4c\u55b6\u8005\u306e\u8cc7\u672c\u914d\u5206\u306e\u5de7\u62d9\u3092\u8a55\u4fa1\u3067\u304d\u308b<\/li>\n<li>\u4f1a\u8a08\u4e0a\u306e\u9078\u629e\u3084\u898b\u7a4d\u308a\u306e\u504f\u308a\u306f\u3001\u8ca1\u52d9\u8af8\u8868\u306e\u8cea\u3068\u4f01\u696d\u9593\u306e\u6bd4\u8f03\u53ef\u80fd\u6027\u3092\u640d\u306a\u3046<\/li>\n<li>\u6bd4\u8f03\u53ef\u80fd\u6027\u3092\u9ad8\u3081\u308b\u306b\u306f\u3001\u4f1a\u8a08\u57fa\u6e96\u30fb\u65b9\u6cd5\u30fb\u4eee\u5b9a\u306e\u9055\u3044\u3092\u8abf\u6574\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b<\/li>\n<li>\u8ca1\u52d9\u5206\u6790\u306e\u6700\u7d42\u7684\u306a\u76ee\u7684\u306f\u3001\u7d4c\u6e08\u7684\u306a\u610f\u601d\u6c7a\u5b9a\u3092\u652f\u63f4\u3059\u308b\u3053\u3068<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u76ee\u7684\u306b\u5fdc\u3058\u305f\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306e\u67a0\u7d44\u307f<\/h3>\n<p>\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306f\u3001<strong>\u2460\u76ee\u7684\u3068\u6587\u8108\u306e\u660e\u78ba\u5316 \u2461\u30c7\u30fc\u30bf\u306e\u53ce\u96c6 \u2462\u30c7\u30fc\u30bf\u306e\u52a0\u5de5 \u2463\u52a0\u5de5\u30c7\u30fc\u30bf\u306e\u5206\u6790\u30fb\u89e3\u91c8 \u2464\u7d50\u8ad6\u30fb\u63a8\u5968\u306e\u4f5c\u6210\u3068\u4f1d\u9054 \u2465\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7<\/strong>\u306e\u67a0\u7d44\u307f\u3067\u9032\u3081\u307e\u3059\u3002\u682a\u5f0f\u8a55\u4fa1\u3001\u4fe1\u7528\u5206\u6790\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u628a\u63e1\u306a\u3069\u76ee\u7684\u304c\u5909\u308f\u3063\u3066\u3082\u3001\u3053\u306e\u67a0\u7d44\u307f\u306f\u5171\u901a\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u76ee\u7684\u30fb\u554f\u3044\u30fb\u671f\u9650\u30fb\u4e88\u7b97\u3092\u6700\u521d\u306b\u660e\u78ba\u5316<\/li>\n<li>\u30c7\u30fc\u30bf\uff1a\u8ca1\u52d9\u8af8\u8868\u3001\u6ce8\u8a18\u3001\u696d\u754c\u30fb\u7d4c\u6e08\u30c7\u30fc\u30bf\u3001\u7d4c\u55b6\u8005\u3078\u306e\u8cea\u554f<\/li>\n<li>\u52a0\u5de5\uff1a\u5171\u901a\u30b5\u30a4\u30ba\u8ca1\u52d9\u8af8\u8868\u3001\u6bd4\u7387\u8a08\u7b97\u3001\u8abf\u6574<\/li>\n<li>\u5206\u6790\uff1aROE \u306e\u30c7\u30e5\u30dd\u30f3\u5206\u89e3\u3001\u30bb\u30b0\u30e1\u30f3\u30c8\u5206\u6790\u3001\u5229\u76ca\u306e\u8cea\u306e\u691c\u8a0e<\/li>\n<li>\u5168\u4f53\u50cf\u304b\u3089\u59cb\u3081\u3066\u8a73\u7d30\u306b\u6398\u308a\u4e0b\u3052\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">ROE = \u7a0e\u8ca0\u62c5\u7387 \u00d7 \u91d1\u5229\u8ca0\u62c5\u7387 \u00d7 EBIT \u30de\u30fc\u30b8\u30f3 \u00d7 \u7dcf\u8cc7\u7523\u56de\u8ee2\u7387 \u00d7 \u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8<\/div>\n<h3>LOS 2\uff1a\u8ca1\u52d9\u5831\u544a\u4e0a\u306e\u9078\u629e\u3068\u504f\u308a<\/h3>\n<p>\u7d4c\u55b6\u8005\u306f\u3001\u4f1a\u8a08\u65b9\u91dd\u306e\u9078\u629e\u3084<strong>\u898b\u7a4d\u308a\uff08\u8010\u7528\u5e74\u6570\u30fb\u5f15\u5f53\u91d1\u30fb\u8a55\u4fa1\u6027\u5f15\u5f53\u984d\u306a\u3069\uff09<\/strong>\u3092\u901a\u3058\u3066\u8ca1\u52d9\u8af8\u8868\u306b\u504f\u308a\u3092\u6301\u3061\u8fbc\u3080\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3046\u3057\u305f\u504f\u308a\u306f<strong>\u6bd4\u8f03\u53ef\u80fd\u6027<\/strong>\u3092\u640d\u306a\u3044\u3001\u8a55\u4fa1\u3084\u4fe1\u7528\u5224\u65ad\u3092\u8aa4\u3089\u305b\u308b\u539f\u56e0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u7a4d\u6975\u7684\u306a\u9078\u629e\uff1a\u53ce\u76ca\u306e\u65e9\u671f\u8a08\u4e0a\u3001\u8cbb\u7528\u306e\u7e70\u308a\u5ef6\u3079<\/li>\n<li>\u4fdd\u5b88\u7684\u306a\u9078\u629e\uff1a\u5c06\u6765\u306e\u5229\u76ca\u3092\u5897\u3084\u3059\u305f\u3081\u306e\u8cbb\u7528\u306e\u524d\u5012\u3057\uff08\u3044\u308f\u3086\u308b\u30d3\u30c3\u30b0\u30fb\u30d0\u30b9\uff09<\/li>\n<li>\u975e\u7d4c\u5e38\u9805\u76ee\u306e\u5206\u985e\u306b\u3088\u308b\u7d4c\u5e38\u5229\u76ca\u306e\u64cd\u4f5c<\/li>\n<li>\u95a2\u9023\u4f1a\u793e\u6295\u8cc7\u3084\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u53d6\u5f15\u306b\u3088\u308b\u8ca0\u50b5\u306e\u898b\u3048\u65b9\u306e\u5909\u5316<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u8ca1\u52d9\u30c7\u30fc\u30bf\u306e\u8cea\u306e\u8a55\u4fa1\u3068\u6bd4\u8f03\u53ef\u80fd\u6027\u306e\u8abf\u6574<\/h3>\n<p>\u985e\u4f3c\u4f01\u696d\u3068\u6bd4\u8f03\u3059\u308b\u306b\u306f\u3001<strong>\u4f1a\u8a08\u57fa\u6e96\uff08IFRS\u30fbUS GAAP\uff09\u3001\u4f1a\u8a08\u65b9\u6cd5\u3001\u898b\u7a4d\u308a\u306e\u4eee\u5b9a<\/strong>\u306e\u9055\u3044\u3092\u8abf\u6574\u3057\u3066\u540c\u3058\u571f\u53f0\u306b\u305d\u308d\u3048\u307e\u3059\u3002\u8abf\u6574\u5f8c\u306e\u6570\u5024\u3067\u6bd4\u7387\u3092\u8a08\u7b97\u3057\u76f4\u3059\u3053\u3068\u3067\u3001\u5b9f\u614b\u306b\u8fd1\u3044\u6bd4\u8f03\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u68da\u5378\u8cc7\u7523\uff1aLIFO \u304b\u3089 FIFO \u3078\u306e\u8abf\u6574\uff08LIFO \u6e96\u5099\u91d1\u306e\u52a0\u7b97\uff09<\/li>\n<li>\u6e1b\u4fa1\u511f\u5374\uff1a\u8010\u7528\u5e74\u6570\u3084\u65b9\u6cd5\u306e\u9055\u3044\u306e\u8abf\u6574<\/li>\n<li>\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u9805\u76ee\u306e\u8cc7\u7523\u30fb\u8ca0\u50b5\u3078\u306e\u52a0\u7b97<\/li>\n<li>\u55b6\u696dCF \u3068\u7d14\u5229\u76ca\u306e\u95a2\u4fc2\u306b\u3088\u308b\u767a\u751f\u9805\u76ee\u306e\u78ba\u8a8d<\/li>\n<li>\u6301\u5206\u6cd5\u6295\u8cc7\u5148\u306e\u5229\u76ca\u3068\u8cc7\u7523\u306e\u6271\u3044\u306e\u8abf\u6574<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u4f1a\u8a08\u57fa\u6e96\u30fb\u65b9\u6cd5\u30fb\u4eee\u5b9a\u306e\u5909\u66f4\u306e\u5f71\u97ff<\/h3>\n<p>\u4f1a\u8a08\u57fa\u6e96\u3084\u65b9\u6cd5\u3001\u4eee\u5b9a\u3092\u5909\u66f4\u3059\u308b\u3068\u3001\u7d4c\u6e08\u5b9f\u614b\u304c\u540c\u3058\u3067\u3082<strong>\u8ca1\u52d9\u8af8\u8868\u306e\u6570\u5024\u3068\u8ca1\u52d9\u6bd4\u7387\u304c\u5909\u308f\u308a\u307e\u3059<\/strong>\u3002\u5909\u66f4\u304c\u3069\u306e\u9805\u76ee\u306b\u3069\u3046\u6ce2\u53ca\u3059\u308b\u304b\u3092\u7406\u89e3\u3057\u3001\u5909\u66f4\u524d\u5f8c\u306e\u6570\u5024\u3092\u6bd4\u8f03\u53ef\u80fd\u306a\u5f62\u306b\u76f4\u3057\u3066\u8a55\u4fa1\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30ea\u30fc\u30b9\u306e\u30aa\u30f3\u30d0\u30e9\u30f3\u30b9\u5316\uff1a\u8cc7\u7523\u30fb\u8ca0\u50b5\u306e\u5897\u52a0\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u4e0a\u6607\uff08IFRS 16 \u3067\u306f EBITDA \u3082\u5897\u52a0\uff09<\/li>\n<li>\u6e1b\u4fa1\u511f\u5374\u306e\u8010\u7528\u5e74\u6570\u306e\u5ef6\u9577\uff1a\u8cbb\u7528\u6e1b\u5c11\u3001\u5229\u76ca\u5897\u52a0<\/li>\n<li>\u5e74\u91d1\u306e\u5272\u5f15\u7387\u306e\u5f15\u304d\u4e0a\u3052\uff1a\u50b5\u52d9\u6e1b\u5c11<\/li>\n<li>\u5909\u66f4\u306e\u5f71\u97ff\u306f\u6ce8\u8a18\u3067\u958b\u793a\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044<\/li>\n<\/ul>\n<h3>LOS 5\uff1a\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u4fee\u6b63\u30fb\u5229\u76ca\u306e\u6b63\u5e38\u5316\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4fee\u6b63<\/h3>\n<p><strong>\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u4fee\u6b63<\/strong>\uff08\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u50b5\u52d9\u306e\u52a0\u7b97\u3001\u306e\u308c\u3093\u306e\u63a7\u9664\u306a\u3069\uff09\u3001<strong>\u5229\u76ca\u306e\u6b63\u5e38\u5316<\/strong>\uff08\u975e\u7d4c\u5e38\u9805\u76ee\u306e\u9664\u5916\uff09\u3001<strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4fee\u6b63<\/strong>\uff08\u533a\u5206\u306e\u7d44\u307f\u66ff\u3048\u306a\u3069\uff09\u306b\u3088\u308a\u3001\u4f01\u696d\u306e\u5b9f\u614b\u3092\u3088\u308a\u6b63\u78ba\u306b\u6349\u3048\u307e\u3059\u3002\u4fee\u6b63\u5f8c\u306e\u6bd4\u7387\u306f\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u3084\u53ce\u76ca\u6027\u3001\u8ca1\u653f\u72b6\u614b\u306e\u8a55\u4fa1\u3092\u5927\u304d\u304f\u5909\u3048\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30aa\u30d5\u30d0\u30e9\u30f3\u30b9\u50b5\u52d9\u306e\u52a0\u7b97 \u2192 \u8ca0\u50b5\u6bd4\u7387\u306e\u4e0a\u6607<\/li>\n<li>\u975e\u7d4c\u5e38\u640d\u76ca\u306e\u9664\u5916 \u2192 \u6301\u7d9a\u7684\u306a\u5229\u76ca\u6c34\u6e96\u306e\u628a\u63e1<\/li>\n<li>\u55b6\u696dCF \u306e\u533a\u5206\u8abf\u6574 \u2192 \u5229\u76ca\u306e\u8cea\u306e\u518d\u8a55\u4fa1<\/li>\n<li>\u4fee\u6b63\u5f8c\u306e ROE \u306e\u8981\u56e0\u5206\u6790\u3067\u8cc7\u672c\u914d\u5206\u306e\u52b9\u7387\u3092\u8a55\u4fa1<\/li>\n<li>\u6700\u7d42\u7684\u306b\u306f\u7d4c\u6e08\u7684\u306a\u610f\u601d\u6c7a\u5b9a\u306b\u7d50\u3073\u3064\u3051\u308b<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level2movie\/\" target=\"_blank\" rel=\"noopener\">Level 2 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l2-fsa-lm5\/\">LM5 Evaluating Quality of Financial Reports\uff08\u8ca1\u52d9\u5831\u544a\u306e\u8cea\u306e\u8a55\u4fa1\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l2-fsa\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 2 Financial Statement Analysis\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 2 Financial Statement Analysis LM6\u300cIntegration of Financial Statement Analysis Techniques\uff08\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u624b\u6cd5\u306e\u7d71\u5408\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[99],"tags":[],"class_list":["post-10832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level2-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10832"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10832\/revisions"}],"predecessor-version":[{"id":11361,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10832\/revisions\/11361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11178"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}