{"id":11412,"date":"2026-09-24T09:00:00","date_gmt":"2026-09-24T00:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/?p=11412"},"modified":"2026-09-24T18:45:26","modified_gmt":"2026-09-24T09:45:26","slug":"cfa-l1-fsa-glossary","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-fsa-glossary\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 FSA \u7528\u8a9e\u96c6\u3011Financial Statement Analysis \u306e\u91cd\u8981\u7528\u8a9e112\u8a9e\uff5c\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u3092\u5358\u5143\u5225\u306b\u6574\u7406"},"content":{"rendered":"<style> .cfagl-nav{background:#f6f7fb;border-radius:6px;padding:1em 1.2em;margin:1em 0;line-height:1.9;word-break:normal;overflow-wrap:anywhere} .cfagl-nav a{display:block;margin:.15em 0} .cfagl-lm{font-size:.9em;margin:.2em 0 1em} .cfagl-t{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.75em 1em;margin:0 0 .8em;background:#fff} .cfagl-t .en{display:block;font-weight:bold;color:#172152;line-height:1.5;word-break:normal;overflow-wrap:anywhere} .cfagl-t .ja{display:block;font-size:.9em;color:#555;margin:.15em 0 .4em;line-height:1.5} .cfagl-t .df{display:block;line-height:1.75} .cfafm-c{border:1px solid #d5d9e3;border-top:4px solid #172152;border-radius:4px;padding:.9em 1em;margin:0 0 1.2em;background:#fff} .cfafm-c .nm{display:block;font-weight:bold;color:#172152;line-height:1.5} .cfafm-c .ne{display:block;font-size:.85em;color:#667;margin-bottom:.5em;word-break:normal;overflow-wrap:anywhere} .cfafm-x{background:#f6f7fb;border-radius:4px;padding:.6em .8em;margin:.4em 0 .7em;overflow-x:auto;overflow-y:hidden;-webkit-overflow-scrolling:touch} .cfafm-x .katex-display{margin:.3em 0!important} .cfafm-lg{margin:.3em 0 .6em;padding:0;font-size:.92em} .cfafm-lg div{display:flex;gap:.8em;padding:.25em 0;border-bottom:1px dotted #d5d9e3;line-height:1.6} .cfafm-lg .s{flex:0 0 auto;min-width:4.5em;max-width:45%;overflow-x:auto} .cfafm-lg .d{flex:1 1 auto} .cfafm-u{display:block;line-height:1.75;font-size:.95em} .cfafm-u b{color:#172152} .cfahub-g{display:grid;grid-template-columns:repeat(auto-fill,minmax(250px,1fr));gap:.8em;margin:1em 0} .cfahub-g a{display:block;border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em;background:#fff;text-decoration:none;color:#172152;line-height:1.5} .cfahub-g a .n{display:block;font-weight:bold} .cfahub-g a .j{display:block;font-size:.88em;color:#555} .cfagl-t p:empty,.cfafm-c p:empty,.cfahub-g p:empty,.cfagl-nav p:empty{display:none} .cfagl-lsc{border:2px solid #c9a227;background:#fffbea;border-radius:6px;padding:.9em 1.1em;margin:1em 0 1.4em;line-height:1.75} .cfagl-lsc b{display:block;color:#8a6d1d;margin-bottom:.3em} .cfagl-lsc a{display:inline-block;margin-top:.4em;font-weight:bold} .cfahub-g a .c{display:block;font-size:.82em;color:#8a6d1d;margin-top:.3em} <\/style>\n<div class=\"box05\">CFA\u00ae\ufe0e Level 1\u300cFinancial Statement Analysis\uff08\u8ca1\u52d9\u8af8\u8868\u5206\u6790\uff09\u300d\u3067\u4f7f\u308f\u308c\u308b\u91cd\u8981\u7528\u8a9e\u3092\u3001\u5b66\u7fd2\u5358\u5143\uff08Learning Module\uff09\u3054\u3068\u306b<strong>\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473<\/strong>\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002\u516812\u5358\u5143\u30fb112\u8a9e\u3092\u53ce\u9332\u3057\u3066\u3044\u307e\u3059\u3002\u82f1\u8a9e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u3092\u8aad\u3080\u3068\u304d\u306e\u8f9e\u66f8\u4ee3\u308f\u308a\u306b\u304a\u4f7f\u3044\u304f\u3060\u3055\u3044\u3002<\/div>\n<div class=\"cfagl-lsc\"><b>Leveraged Support Course \u3092\u3054\u5229\u7528\u306e\u65b9\u3078<\/b>FA-Academy \u306e Leveraged Support Course\uff08LSC\uff09\u3092\u3054\u5229\u7528\u306e\u65b9\u306b\u306f\u3001\u3053\u306e\u7528\u8a9e\u96c6\u3068\u516c\u5f0f\u96c6\u3092\u30ec\u30d9\u30eb\u5225\u306b\u6574\u7406\u3057\u305f\u8cc7\u6599\uff08PDF\uff09\u3092\u304a\u6e21\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30e9\u30a4\u30f3\u3067\u306e\u78ba\u8a8d\u3084\u8a66\u9a13\u76f4\u524d\u306e\u898b\u76f4\u3057\u306b\u3054\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\">Level 1 Leveraged Support Course \u306e\u8a73\u7d30\u3092\u898b\u308b<\/a><\/div>\n<h2>\u5358\u5143\uff08LM\uff09\u4e00\u89a7<\/h2>\n<div class=\"cfagl-nav\"><a href=\"#l1-fsa-g-lm1\">LM1 \u8ca1\u52d9\u8af8\u8868\u5206\u6790\u5165\u9580<\/a><a href=\"#l1-fsa-g-lm2\">LM2 \u640d\u76ca\u8a08\u7b97\u66f8\u306e\u5206\u6790<\/a><a href=\"#l1-fsa-g-lm3\">LM3 \u8cb8\u501f\u5bfe\u7167\u8868\u306e\u5206\u6790<\/a><a href=\"#l1-fsa-g-lm4\">LM4 \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 I<\/a><a href=\"#l1-fsa-g-lm5\">LM5 \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 II<\/a><a href=\"#l1-fsa-g-lm6\">LM6 \u68da\u5378\u8cc7\u7523\u306e\u5206\u6790<\/a><a href=\"#l1-fsa-g-lm7\">LM7 \u9577\u671f\u8cc7\u7523\u306e\u5206\u6790<\/a><a href=\"#l1-fsa-g-lm8\">LM8 \u9577\u671f\u8ca0\u50b5\u3068\u8cc7\u672c\u306e\u30c8\u30d4\u30c3\u30af<\/a><a href=\"#l1-fsa-g-lm9\">LM9 \u6cd5\u4eba\u6240\u5f97\u7a0e\u306e\u5206\u6790<\/a><a href=\"#l1-fsa-g-lm10\">LM10 \u8ca1\u52d9\u5831\u544a\u306e\u8cea<\/a><a href=\"#l1-fsa-g-lm11\">LM11 \u8ca1\u52d9\u5206\u6790\u306e\u624b\u6cd5<\/a><a href=\"#l1-fsa-g-lm12\">LM12 \u8ca1\u52d9\u8af8\u8868\u30e2\u30c7\u30ea\u30f3\u30b0\u5165\u9580<\/a><\/div>\n<h2>FSA \u306e\u91cd\u8981\u7528\u8a9e\uff08LM\u5225\uff09<\/h2>\n<h3 id=\"l1-fsa-g-lm1\">LM1 Introduction to Financial Statement Analysis\uff08\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u5165\u9580\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm1\/\">LM1 \u8ca1\u52d9\u8af8\u8868\u5206\u6790\u5165\u9580<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Financial Statement Analysis Framework<\/div>\n<div class=\"ja\">\u8ca1\u52d9\u8af8\u8868\u5206\u6790\u306e\u67a0\u7d44\u307f<\/div>\n<div class=\"df\">\u76ee\u7684\u3068\u6587\u8108\u306e\u660e\u78ba\u5316\u3001\u30c7\u30fc\u30bf\u53ce\u96c6\u3001\u30c7\u30fc\u30bf\u51e6\u7406\u3001\u5206\u6790\u30fb\u89e3\u91c8\u3001\u7d50\u8ad6\u3068\u63a8\u5968\u306e\u4f5c\u6210\u30fb\u4f1d\u9054\u3001\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u306e6\u6bb5\u968e\u3067\u5206\u6790\u3092\u9032\u3081\u308b\u624b\u9806\u306e\u67a0\u7d44\u307f\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Form 10-K<\/div>\n<div class=\"ja\">\u5e74\u6b21\u5831\u544a\u66f8\uff08Form 10-K\uff09<\/div>\n<div class=\"df\">\u7c73\u56fd\u306e\u4e0a\u5834\u4f01\u696d\u304cSEC\u306b\u63d0\u51fa\u3059\u308b\u5e74\u6b21\u5831\u544a\u66f8\u3002\u76e3\u67fb\u6e08\u307f\u8ca1\u52d9\u8af8\u8868\u3001\u6ce8\u8a18\u3001\u4e8b\u696d\u5185\u5bb9\u3001\u7d4c\u55b6\u8005\u306b\u3088\u308b\u8aac\u660e\u306a\u3069\u3092\u542b\u3080\u3002\u56db\u534a\u671f\u3054\u3068\u306e\u5831\u544a\u66f8\u306fForm 10-Q\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Management&#8217;s Discussion and Analysis (MD&amp;A)<\/div>\n<div class=\"ja\">\u7d4c\u55b6\u8005\u306b\u3088\u308b\u8aac\u660e\u3068\u5206\u6790\uff08MD&amp;A\uff09<\/div>\n<div class=\"df\">\u7d4c\u55b6\u8005\u304c\u696d\u7e3e\u3084\u8ca1\u653f\u72b6\u614b\u306e\u5909\u52d5\u8981\u56e0\u3001\u30c8\u30ec\u30f3\u30c9\u3001\u4e0d\u78ba\u5b9f\u6027\u3001\u5c06\u6765\u306e\u898b\u901a\u3057\u3092\u8aac\u660e\u3059\u308b\u958b\u793a\u3002IFRS\u570f\u3067\u306f\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30b3\u30e1\u30f3\u30bf\u30ea\u30fc\u3068\u3082\u547c\u3070\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Audit Report<\/div>\n<div class=\"ja\">\u76e3\u67fb\u5831\u544a\u66f8<\/div>\n<div class=\"df\">\u72ec\u7acb\u76e3\u67fb\u4eba\u304c\u3001\u8ca1\u52d9\u8af8\u8868\u304c\u9069\u7528\u3055\u308c\u308b\u4f1a\u8a08\u57fa\u6e96\u306b\u6e96\u62e0\u3057\u3066\u9069\u6b63\u306b\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u304b\u306b\u3064\u3044\u3066\u610f\u898b\u3092\u8ff0\u3079\u308b\u5831\u544a\u66f8\u3002\u76e3\u67fb\u306f\u5408\u7406\u7684\u306a\u4fdd\u8a3c\u3067\u3042\u308a\u7d76\u5bfe\u7684\u306a\u4fdd\u8a3c\u3067\u306f\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Unqualified (Unmodified) Opinion<\/div>\n<div class=\"ja\">\u7121\u9650\u5b9a\u9069\u6b63\u610f\u898b<\/div>\n<div class=\"df\">\u8ca1\u52d9\u8af8\u8868\u304c\u3059\u3079\u3066\u306e\u91cd\u8981\u306a\u70b9\u3067\u4f1a\u8a08\u57fa\u6e96\u306b\u6e96\u62e0\u3057\u3066\u9069\u6b63\u306b\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u3068\u76e3\u67fb\u4eba\u304c\u5224\u65ad\u3057\u305f\u5834\u5408\u306b\u8868\u660e\u3055\u308c\u308b\u3001\u9664\u5916\u4e8b\u9805\u306e\u306a\u3044\u76e3\u67fb\u610f\u898b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Qualified Opinion<\/div>\n<div class=\"ja\">\u9650\u5b9a\u4ed8\u9069\u6b63\u610f\u898b<\/div>\n<div class=\"df\">\u4e00\u90e8\u306e\u4e8b\u9805\u3092\u9664\u3051\u3070\u8ca1\u52d9\u8af8\u8868\u306f\u9069\u6b63\u306b\u8868\u793a\u3055\u308c\u3066\u3044\u308b\u3068\u3059\u308b\u76e3\u67fb\u610f\u898b\u3002\u9664\u5916\u4e8b\u9805\u306e\u5f71\u97ff\u304c\u3088\u308a\u5e83\u7bc4\u306a\u5834\u5408\u306f\u4e0d\u9069\u6b63\u610f\u898b\u3084\u610f\u898b\u4e0d\u8868\u660e\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Key Audit Matters (KAM)<\/div>\n<div class=\"ja\">\u76e3\u67fb\u4e0a\u306e\u4e3b\u8981\u306a\u691c\u8a0e\u4e8b\u9805\uff08KAM\uff09<\/div>\n<div class=\"df\">\u76e3\u67fb\u4eba\u304c\u5f53\u671f\u306e\u76e3\u67fb\u3067\u7279\u306b\u91cd\u8981\u3068\u5224\u65ad\u3057\u305f\u4e8b\u9805\u3092\u76e3\u67fb\u5831\u544a\u66f8\u306b\u8a18\u8f09\u3059\u308b\u3082\u306e\u3002\u7c73\u56fd\u3067\u306fCritical Audit Matters\uff08CAM\uff09\u3068\u547c\u3070\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">International Financial Reporting Standards (IFRS)<\/div>\n<div class=\"ja\">\u56fd\u969b\u8ca1\u52d9\u5831\u544a\u57fa\u6e96\uff08IFRS\uff09<\/div>\n<div class=\"df\">\u56fd\u969b\u4f1a\u8a08\u57fa\u6e96\u5be9\u8b70\u4f1a\uff08IASB\uff09\u304c\u8a2d\u5b9a\u3059\u308b\u4f1a\u8a08\u57fa\u6e96\u3002US GAAP\u3068\u306e\u53ce\u308c\u3093\u306f\u9032\u3093\u3060\u304c\u5dee\u7570\u304c\u6b8b\u308a\u3001\u4f01\u696d\u9593\u6bd4\u8f03\u306e\u969b\u306b\u5f71\u97ff\u3092\u628a\u63e1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">US Generally Accepted Accounting Principles (US GAAP)<\/div>\n<div class=\"ja\">\u7c73\u56fd\u4f1a\u8a08\u57fa\u6e96\uff08US GAAP\uff09<\/div>\n<div class=\"df\">\u7c73\u56fd\u8ca1\u52d9\u4f1a\u8a08\u57fa\u6e96\u5be9\u8b70\u4f1a\uff08FASB\uff09\u304c\u8a2d\u5b9a\u3059\u308b\u4f1a\u8a08\u57fa\u6e96\u3002\u7c73\u56fd\u306e\u4e0a\u5834\u4f01\u696d\u306b\u9069\u7528\u3055\u308c\u3001SEC\u304c\u57f7\u884c\u9762\u3092\u62c5\u3046\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm2\">LM2 Analyzing Income Statements\uff08\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u5206\u6790\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm2\/\">LM2 \u640d\u76ca\u8a08\u7b97\u66f8\u306e\u5206\u6790<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Performance Obligation<\/div>\n<div class=\"ja\">\u5c65\u884c\u7fa9\u52d9<\/div>\n<div class=\"df\">\u9867\u5ba2\u3068\u306e\u5951\u7d04\u306b\u304a\u3044\u3066\u3001\u533a\u5225\u3067\u304d\u308b\u8ca1\u30fb\u30b5\u30fc\u30d3\u30b9\u3092\u79fb\u8ee2\u3059\u308b\u7d04\u675f\u3002\u53d6\u5f15\u4fa1\u683c\u3092\u5404\u5c65\u884c\u7fa9\u52d9\u306b\u914d\u5206\u3057\u3001\u7fa9\u52d9\u306e\u5145\u8db3\u6642\u70b9\u307e\u305f\u306f\u5145\u8db3\u306b\u3064\u308c\u3066\u53ce\u76ca\u3092\u8a8d\u8b58\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Matching Principle<\/div>\n<div class=\"ja\">\u8cbb\u7528\u53ce\u76ca\u5bfe\u5fdc\u306e\u539f\u5247<\/div>\n<div class=\"df\">\u8cbb\u7528\u3092\u3001\u305d\u308c\u306b\u3088\u3063\u3066\u751f\u3058\u305f\u53ce\u76ca\u3068\u540c\u3058\u671f\u9593\u306b\u8a8d\u8b58\u3059\u308b\u8003\u3048\u65b9\u3002\u58f2\u4e0a\u539f\u4fa1\u304c\u5178\u578b\u3067\u3001\u5bfe\u5fdc\u3065\u3051\u306b\u304f\u3044\u8cbb\u7528\u306f\u767a\u751f\u671f\u9593\u3084\u4fbf\u76ca\u306e\u53ca\u3076\u671f\u9593\u306b\u914d\u5206\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Discontinued Operations<\/div>\n<div class=\"ja\">\u975e\u7d99\u7d9a\u4e8b\u696d<\/div>\n<div class=\"df\">\u51e6\u5206\u6e08\u307f\u3001\u307e\u305f\u306f\u58f2\u5374\u76ee\u7684\u4fdd\u6709\u306b\u5206\u985e\u3055\u308c\u305f\u4e8b\u696d\u306e\u69cb\u6210\u5358\u4f4d\u3002\u7d99\u7d9a\u4e8b\u696d\u3068\u533a\u5225\u3057\u3066\u3001\u7a0e\u5f15\u5f8c\u306e\u91d1\u984d\u3067\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u533a\u5206\u8868\u793a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Change in Accounting Policy<\/div>\n<div class=\"ja\">\u4f1a\u8a08\u65b9\u91dd\u306e\u5909\u66f4<\/div>\n<div class=\"df\">\u63a1\u7528\u3059\u308b\u4f1a\u8a08\u51e6\u7406\u306e\u65b9\u6cd5\u3092\u5909\u66f4\u3059\u308b\u3053\u3068\u3002\u539f\u5247\u3068\u3057\u3066\u9061\u53ca\u9069\u7528\u3057\u904e\u5e74\u5ea6\u3092\u4fee\u6b63\u3059\u308b\u3002\u898b\u7a4d\u308a\u306e\u5909\u66f4\u306f\u5c06\u6765\u306b\u5411\u304b\u3063\u3066\u9069\u7528\u3059\u308b\u70b9\u3067\u7570\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Basic Earnings per Share (Basic EPS)<\/div>\n<div class=\"ja\">\u57fa\u672c\u76841\u682a\u5f53\u305f\u308a\u5229\u76ca\uff08\u57fa\u672c\u7684EPS\uff09<\/div>\n<div class=\"df\">\u7d14\u5229\u76ca\u304b\u3089\u512a\u5148\u914d\u5f53\u3092\u5dee\u3057\u5f15\u3044\u305f\u666e\u901a\u682a\u4e3b\u306b\u5e30\u5c5e\u3059\u308b\u5229\u76ca\u3092\u3001\u52a0\u91cd\u5e73\u5747\u666e\u901a\u682a\u5f0f\u6570\u3067\u5272\u3063\u305f\u5024\u3002\u6f5c\u5728\u682a\u5f0f\u306e\u5f71\u97ff\u306f\u8003\u616e\u3057\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Diluted Earnings per Share (Diluted EPS)<\/div>\n<div class=\"ja\">\u5e0c\u8584\u5316\u5f8c1\u682a\u5f53\u305f\u308a\u5229\u76ca\uff08\u5e0c\u8584\u5316\u5f8cEPS\uff09<\/div>\n<div class=\"df\">\u8ee2\u63db\u8a3c\u5238\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u6f5c\u5728\u682a\u5f0f\u304c\u3059\u3079\u3066\u8ee2\u63db\u30fb\u884c\u4f7f\u3055\u308c\u305f\u3068\u4eee\u5b9a\u3057\u3066\u8a08\u7b97\u3059\u308bEPS\u3002\u5e0c\u8584\u5316\u8a3c\u5238\u304c\u3042\u308c\u3070\u57fa\u672c\u7684EPS\u4ee5\u4e0b\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">If-Converted Method<\/div>\n<div class=\"ja\">\u8ee2\u63db\u4eee\u5b9a\u6cd5<\/div>\n<div class=\"df\">\u8ee2\u63db\u793e\u50b5\u3084\u8ee2\u63db\u512a\u5148\u682a\u304c\u671f\u9996\uff08\u307e\u305f\u306f\u767a\u884c\u6642\uff09\u306b\u8ee2\u63db\u3055\u308c\u305f\u3068\u4eee\u5b9a\u3059\u308b\u65b9\u6cd5\u3002\u7a0e\u5f15\u5f8c\u306e\u652f\u6255\u5229\u606f\u3084\u512a\u5148\u914d\u5f53\u3092\u5206\u5b50\u306b\u623b\u3057\u3001\u5897\u3048\u308b\u682a\u6570\u3092\u5206\u6bcd\u306b\u52a0\u3048\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Treasury Stock Method<\/div>\n<div class=\"ja\">\u81ea\u5df1\u682a\u5f0f\u6cd5<\/div>\n<div class=\"df\">\u30aa\u30d7\u30b7\u30e7\u30f3\u30fb\u30ef\u30e9\u30f3\u30c8\u306e\u884c\u4f7f\u3067\u5f97\u305f\u8cc7\u91d1\u3067\u5e73\u5747\u5e02\u5834\u4fa1\u683c\u306b\u3088\u308a\u81ea\u5df1\u682a\u5f0f\u3092\u8cb7\u3044\u623b\u3059\u3068\u4eee\u5b9a\u3057\u3001\u5dee\u3057\u5f15\u304d\u306e\u5897\u52a0\u682a\u6570\u3060\u3051\u3092\u5206\u6bcd\u306b\u52a0\u3048\u308b\u65b9\u6cd5\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Antidilutive Securities<\/div>\n<div class=\"ja\">\u9006\u5e0c\u8584\u5316\u8a3c\u5238<\/div>\n<div class=\"df\">\u8ee2\u63db\u30fb\u884c\u4f7f\u3092\u4eee\u5b9a\u3059\u308b\u3068EPS\u304c\u4e0a\u6607\u3059\u308b\uff08\u57fa\u672c\u7684EPS\u3092\u4e0a\u56de\u308b\uff09\u6f5c\u5728\u682a\u5f0f\u3002\u5e0c\u8584\u5316\u5f8cEPS\u306e\u8a08\u7b97\u304b\u3089\u306f\u9664\u5916\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Common-Size Income Statement<\/div>\n<div class=\"ja\">\u5171\u901a\u30b5\u30a4\u30ba\u640d\u76ca\u8a08\u7b97\u66f8<\/div>\n<div class=\"df\">\u640d\u76ca\u8a08\u7b97\u66f8\u306e\u5404\u9805\u76ee\u3092\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308b\u6bd4\u7387\u3067\u8868\u3057\u305f\u3082\u306e\u3002\u898f\u6a21\u306e\u7570\u306a\u308b\u4f01\u696d\u9593\u3084\u671f\u9593\u306e\u6bd4\u8f03\u3067\u30b3\u30b9\u30c8\u69cb\u9020\u3084\u53ce\u76ca\u6027\u306e\u5909\u5316\u3092\u628a\u63e1\u3057\u3084\u3059\u304f\u3059\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm3\">LM3 Analyzing Balance Sheets\uff08\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u5206\u6790\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm3\/\">LM3 \u8cb8\u501f\u5bfe\u7167\u8868\u306e\u5206\u6790<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Intangible Asset<\/div>\n<div class=\"ja\">\u7121\u5f62\u8cc7\u7523<\/div>\n<div class=\"df\">\u7269\u7406\u7684\u5b9f\u4f53\u306e\u306a\u3044\u8b58\u5225\u53ef\u80fd\u306a\u975e\u8ca8\u5e63\u6027\u8cc7\u7523\u3002\u7279\u8a31\u3001\u30e9\u30a4\u30bb\u30f3\u30b9\u3001\u5546\u6a19\u306a\u3069\u304c\u8a72\u5f53\u3057\u3001\u53d6\u5f97\u5f62\u614b\u3084\u8010\u7528\u5e74\u6570\u306e\u78ba\u5b9a\u30fb\u975e\u78ba\u5b9a\u306b\u3088\u3063\u3066\u4f1a\u8a08\u51e6\u7406\u304c\u7570\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Indefinite-Lived Intangible Asset<\/div>\n<div class=\"ja\">\u8010\u7528\u5e74\u6570\u3092\u78ba\u5b9a\u3067\u304d\u306a\u3044\u7121\u5f62\u8cc7\u7523<\/div>\n<div class=\"df\">\u7d4c\u6e08\u7684\u4fbf\u76ca\u3092\u3082\u305f\u3089\u3059\u671f\u9593\u306b\u4e88\u898b\u53ef\u80fd\u306a\u9650\u5ea6\u304c\u306a\u3044\u7121\u5f62\u8cc7\u7523\u3002\u511f\u5374\u306f\u884c\u308f\u305a\u3001\u5c11\u306a\u304f\u3068\u3082\u5e741\u56de\u6e1b\u640d\u30c6\u30b9\u30c8\u3092\u884c\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Goodwill<\/div>\n<div class=\"ja\">\u306e\u308c\u3093<\/div>\n<div class=\"df\">\u4f01\u696d\u7d50\u5408\u3067\u3001\u53d6\u5f97\u5bfe\u4fa1\u304c\u8b58\u5225\u53ef\u80fd\u306a\u7d14\u8cc7\u7523\u306e\u516c\u6b63\u4fa1\u5024\u3092\u4e0a\u56de\u308b\u90e8\u5206\u3002\u511f\u5374\u305b\u305a\u5c11\u306a\u304f\u3068\u3082\u5e741\u56de\u6e1b\u640d\u30c6\u30b9\u30c8\u3092\u884c\u3044\u3001\u6e1b\u640d\u640d\u5931\u306e\u623b\u5165\u308c\u306f\u8a8d\u3081\u3089\u308c\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Amortized Cost<\/div>\n<div class=\"ja\">\u511f\u5374\u539f\u4fa1<\/div>\n<div class=\"df\">\u53d6\u5f97\u539f\u4fa1\u3092\u51fa\u767a\u70b9\u306b\u3001\u5b9f\u52b9\u91d1\u5229\u6cd5\u306b\u3088\u308b\u5229\u606f\u306e\u914d\u5206\u3084\u5143\u672c\u306e\u56de\u53ce\u3092\u53cd\u6620\u3055\u305b\u3066\u7b97\u5b9a\u3059\u308b\u6e2c\u5b9a\u57fa\u790e\u3002\u5e02\u5834\u4fa1\u683c\u306e\u5909\u52d5\u306f\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u53cd\u6620\u3055\u308c\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fair Value Through Other Comprehensive Income (FVOCI)<\/div>\n<div class=\"ja\">\u305d\u306e\u4ed6\u306e\u5305\u62ec\u5229\u76ca\u3092\u901a\u3058\u3066\u516c\u6b63\u4fa1\u5024\u3067\u6e2c\u5b9a\uff08FVOCI\uff09<\/div>\n<div class=\"df\">\u91d1\u878d\u8cc7\u7523\u3092\u516c\u6b63\u4fa1\u5024\u3067\u6e2c\u5b9a\u3057\u3001\u305d\u306e\u5909\u52d5\u3092\u7d14\u640d\u76ca\u3067\u306f\u306a\u304f\u305d\u306e\u4ed6\u306e\u5305\u62ec\u5229\u76ca\u306b\u8a08\u4e0a\u3059\u308b\u533a\u5206\u3002US GAAP\u306e\u58f2\u5374\u53ef\u80fd\u8a3c\u5238\u306b\u76f8\u5f53\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fair Value Through Profit or Loss (FVPL)<\/div>\n<div class=\"ja\">\u7d14\u640d\u76ca\u3092\u901a\u3058\u3066\u516c\u6b63\u4fa1\u5024\u3067\u6e2c\u5b9a\uff08FVPL\uff09<\/div>\n<div class=\"df\">\u91d1\u878d\u8cc7\u7523\u3092\u516c\u6b63\u4fa1\u5024\u3067\u6e2c\u5b9a\u3057\u3001\u305d\u306e\u5909\u52d5\u3092\u5f53\u671f\u306e\u7d14\u640d\u76ca\u306b\u8a08\u4e0a\u3059\u308b\u533a\u5206\u3002\u58f2\u8cb7\u76ee\u7684\u306e\u8a3c\u5238\u3084\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u304c\u5178\u578b\u4f8b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Covenants<\/div>\n<div class=\"ja\">\u8ca1\u52d9\u5236\u9650\u6761\u9805\uff08\u30b3\u30d9\u30ca\u30f3\u30c4\uff09<\/div>\n<div class=\"df\">\u501f\u5165\u5951\u7d04\u3084\u793e\u50b5\u5951\u7d04\u3067\u3001\u501f\u624b\u306b\u4e00\u5b9a\u306e\u884c\u70ba\u3092\u7fa9\u52d9\u3065\u3051\u305f\u308a\u5236\u9650\u3057\u305f\u308a\u3059\u308b\u6761\u9805\u3002\u8ca1\u52d9\u6bd4\u7387\u306e\u7dad\u6301\u3001\u914d\u5f53\u306e\u5236\u9650\u3001\u8ffd\u52a0\u501f\u5165\u306e\u5236\u9650\u306a\u3069\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Common-Size Balance Sheet<\/div>\n<div class=\"ja\">\u5171\u901a\u30b5\u30a4\u30ba\u8cb8\u501f\u5bfe\u7167\u8868<\/div>\n<div class=\"df\">\u8cb8\u501f\u5bfe\u7167\u8868\u306e\u5404\u9805\u76ee\u3092\u7dcf\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u6bd4\u7387\u3067\u8868\u3057\u305f\u3082\u306e\u3002\u8cc7\u7523\u69cb\u6210\u3084\u8cc7\u91d1\u8abf\u9054\u69cb\u9020\u3092\u3001\u4f01\u696d\u9593\u3084\u671f\u9593\u3067\u6bd4\u8f03\u3057\u3084\u3059\u304f\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Liquidity Ratio<\/div>\n<div class=\"ja\">\u6d41\u52d5\u6027\u6bd4\u7387<\/div>\n<div class=\"df\">1\u5e74\u4ee5\u5185\u306b\u671f\u9650\u304c\u6765\u308b\u77ed\u671f\u306e\u50b5\u52d9\u3092\u652f\u6255\u3046\u80fd\u529b\u3092\u6e2c\u308b\u6bd4\u7387\u3002\u6d41\u52d5\u6bd4\u7387\u3001\u5f53\u5ea7\u6bd4\u7387\u3001\u73fe\u91d1\u6bd4\u7387\u3001\u9632\u885b\u7684\u671f\u9593\u6bd4\u7387\u306a\u3069\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Solvency Ratio<\/div>\n<div class=\"ja\">\u652f\u6255\u80fd\u529b\u6bd4\u7387\uff08\u30bd\u30eb\u30d9\u30f3\u30b7\u30fc\u6bd4\u7387\uff09<\/div>\n<div class=\"df\">\u9577\u671f\u306e\u50b5\u52d9\u3092\u542b\u3081\u305f\u50b5\u52d9\u5168\u4f53\u3092\u652f\u6255\u3046\u80fd\u529b\u3092\u6e2c\u308b\u6bd4\u7387\u3002\u8ca0\u50b5\u6bd4\u7387\u3084\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u6bd4\u7387\u3001\u30ab\u30d0\u30ec\u30c3\u30b8\u6bd4\u7387\u306a\u3069\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm4\">LM4 Analyzing Statements of Cash Flows I\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 I\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm4\/\">LM4 \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 I<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Flow from Operating Activities (CFO)<\/div>\n<div class=\"ja\">\u55b6\u696d\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u55b6\u696dCF\uff09<\/div>\n<div class=\"df\">\u4f01\u696d\u306e\u672c\u696d\u306b\u3042\u305f\u308b\u53ce\u76ca\u3092\u751f\u3080\u6d3b\u52d5\u304b\u3089\u751f\u3058\u308b\u73fe\u91d1\u306e\u6d41\u5165\u3068\u6d41\u51fa\u3002\u9867\u5ba2\u304b\u3089\u306e\u5165\u91d1\u3001\u4ed5\u5165\u5148\u30fb\u5f93\u696d\u54e1\u3078\u306e\u652f\u6255\u3044\u306a\u3069\u304b\u3089\u6210\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Flow from Investing Activities (CFI)<\/div>\n<div class=\"ja\">\u6295\u8cc7\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u6295\u8cc7CF\uff09<\/div>\n<div class=\"df\">\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u306a\u3069\u306e\u9577\u671f\u8cc7\u7523\u3084\u3001\u73fe\u91d1\u540c\u7b49\u7269\u306b\u542b\u307e\u308c\u306a\u3044\u6295\u8cc7\u306e\u53d6\u5f97\u30fb\u58f2\u5374\u306b\u4f34\u3046\u73fe\u91d1\u306e\u6d41\u308c\u3002\u55b6\u696dCF\u306e\u8868\u793a\u65b9\u6cd5\u306b\u304b\u304b\u308f\u3089\u305a\u7dcf\u984d\u3067\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Flow from Financing Activities (CFF)<\/div>\n<div class=\"ja\">\u8ca1\u52d9\u6d3b\u52d5\u306b\u3088\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u8ca1\u52d9CF\uff09<\/div>\n<div class=\"df\">\u501f\u5165\u3068\u8fd4\u6e08\u3001\u682a\u5f0f\u306e\u767a\u884c\u30fb\u8cb7\u623b\u3057\u3001\u914d\u5f53\u306e\u652f\u6255\u3044\uff08US GAAP\uff09\u306a\u3069\u3001\u8cc7\u672c\u306e\u8abf\u9054\u3068\u8fd4\u9084\u306b\u4f34\u3046\u73fe\u91d1\u306e\u6d41\u308c\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Direct Method<\/div>\n<div class=\"ja\">\u76f4\u63a5\u6cd5<\/div>\n<div class=\"df\">\u55b6\u696dCF\u3092\u3001\u9867\u5ba2\u304b\u3089\u306e\u5165\u91d1\u3084\u4ed5\u5165\u5148\u3078\u306e\u652f\u6255\u3044\u306a\u3069\u3001\u73fe\u91d1\u306e\u6e90\u6cc9\u3068\u7528\u9014\u306e\u9805\u76ee\u5225\u306b\u7dcf\u984d\u3067\u793a\u3059\u8868\u793a\u65b9\u6cd5\u3002IFRS\u30fbUS GAAP\u3068\u3082\u63a8\u5968\u3057\u3066\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Indirect Method<\/div>\n<div class=\"ja\">\u9593\u63a5\u6cd5<\/div>\n<div class=\"df\">\u7d14\u5229\u76ca\u3092\u51fa\u767a\u70b9\u306b\u3001\u975e\u8cc7\u91d1\u9805\u76ee\u3001\u6295\u8cc7\u30fb\u8ca1\u52d9\u6d3b\u52d5\u306b\u95a2\u308f\u308b\u640d\u76ca\u3001\u55b6\u696d\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u6e1b\u3092\u8abf\u6574\u3057\u3066\u55b6\u696dCF\u3092\u6c42\u3081\u308b\u8868\u793a\u65b9\u6cd5\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Non-Cash Items<\/div>\n<div class=\"ja\">\u975e\u8cc7\u91d1\u9805\u76ee<\/div>\n<div class=\"df\">\u6e1b\u4fa1\u511f\u5374\u8cbb\u3084\u6e1b\u640d\u640d\u5931\u306e\u3088\u3046\u306b\u3001\u5229\u76ca\u306b\u306f\u5f71\u97ff\u3059\u308b\u304c\u5f53\u671f\u306e\u73fe\u91d1\u306e\u53d7\u6255\u3044\u3092\u4f34\u308f\u306a\u3044\u9805\u76ee\u3002\u9593\u63a5\u6cd5\u3067\u306f\u7d14\u5229\u76ca\u306b\u8db3\u3057\u623b\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Accrual Accounting<\/div>\n<div class=\"ja\">\u767a\u751f\u4e3b\u7fa9\u4f1a\u8a08<\/div>\n<div class=\"df\">\u73fe\u91d1\u306e\u53d7\u6255\u3044\u306e\u6642\u671f\u3067\u306f\u306a\u304f\u3001\u53d6\u5f15\u3084\u4e8b\u8c61\u304c\u751f\u3058\u305f\u671f\u9593\u306b\u53ce\u76ca\u30fb\u8cbb\u7528\u3092\u8a8d\u8b58\u3059\u308b\u4f1a\u8a08\u3002\u5229\u76ca\u3068\u73fe\u91d1\u306e\u5dee\u306f\u904b\u8ee2\u8cc7\u672c\u306e\u5897\u6e1b\u306a\u3069\u306b\u8868\u308c\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm5\">LM5 Analyzing Statements of Cash Flows II\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 II\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm5\/\">LM5 \u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u306e\u5206\u6790 II<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sources and Uses of Cash<\/div>\n<div class=\"ja\">\u8cc7\u91d1\u306e\u6e90\u6cc9\u3068\u4f7f\u9014<\/div>\n<div class=\"df\">\u4f01\u696d\u304c\u3069\u306e\u6d3b\u52d5\u304b\u3089\u73fe\u91d1\u3092\u5f97\u3066\u3001\u4f55\u306b\u4f7f\u3063\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u89b3\u70b9\u3002\u55b6\u696d\u6d3b\u52d5\u304b\u3089\u306e\u8cc7\u91d1\u304c\u6301\u7d9a\u7684\u306a\u6e90\u6cc9\u3067\u3042\u308b\u304b\u3092\u8a55\u4fa1\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Common-Size Cash Flow Statement<\/div>\n<div class=\"ja\">\u5171\u901a\u30b5\u30a4\u30ba\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8<\/div>\n<div class=\"df\">\u5404\u9805\u76ee\u3092\u7dcf\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30a4\u30f3\u30d5\u30ed\u30fc\uff0f\u30a2\u30a6\u30c8\u30d5\u30ed\u30fc\u306b\u5bfe\u3059\u308b\u6bd4\u7387\u3001\u307e\u305f\u306f\u58f2\u4e0a\u9ad8\u306b\u5bfe\u3059\u308b\u6bd4\u7387\u3067\u8868\u3057\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Free Cash Flow to the Firm (FCFF)<\/div>\n<div class=\"ja\">\u4f01\u696d\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCFF\uff09<\/div>\n<div class=\"df\">\u55b6\u696d\u8cbb\u7528\u3068\u7a0e\u91d1\u3092\u652f\u6255\u3044\u3001\u5fc5\u8981\u306a\u904b\u8ee2\u8cc7\u672c\u30fb\u56fa\u5b9a\u8cc7\u672c\u3078\u306e\u6295\u8cc7\u3092\u884c\u3063\u305f\u5f8c\u306b\u3001\u50b5\u6a29\u8005\u3068\u682a\u4e3b\u306e\u53cc\u65b9\u304c\u5229\u7528\u3067\u304d\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Free Cash Flow to Equity (FCFE)<\/div>\n<div class=\"ja\">\u682a\u4e3b\u30d5\u30ea\u30fc\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08FCFE\uff09<\/div>\n<div class=\"df\">\u5fc5\u8981\u306a\u904b\u8ee2\u8cc7\u672c\u30fb\u56fa\u5b9a\u8cc7\u672c\u3078\u306e\u6295\u8cc7\u3068\u50b5\u6a29\u8005\u3078\u306e\u652f\u6255\u3044\u3092\u6e08\u307e\u305b\u3001\u7d14\u501f\u5165\u3092\u52a0\u3048\u305f\u5f8c\u306b\u666e\u901a\u682a\u4e3b\u304c\u5229\u7528\u3067\u304d\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Return on Assets<\/div>\n<div class=\"ja\">\u30ad\u30e3\u30c3\u30b7\u30e5\u7dcf\u8cc7\u7523\u5229\u76ca\u7387<\/div>\n<div class=\"df\">\u55b6\u696dCF\u3092\u5e73\u5747\u7dcf\u8cc7\u7523\u3067\u5272\u3063\u305f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30d9\u30fc\u30b9\u306e\u696d\u7e3e\u6bd4\u7387\u3002\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3067\u306f\u306a\u304f\u3001\u8cc7\u7523\u304b\u3089\u73fe\u91d1\u3092\u751f\u307f\u51fa\u3059\u529b\u3092\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Debt Coverage Ratio<\/div>\n<div class=\"ja\">\u8ca0\u50b5\u30ab\u30d0\u30ec\u30c3\u30b8\u6bd4\u7387<\/div>\n<div class=\"df\">\u55b6\u696dCF\u3092\u7dcf\u8ca0\u50b5\u3067\u5272\u3063\u305f\u6bd4\u7387\u3002\u55b6\u696d\u6d3b\u52d5\u3067\u5f97\u305f\u73fe\u91d1\u3067\u8ca0\u50b5\u3092\u8fd4\u6e08\u3067\u304d\u308b\u80fd\u529b\u3092\u8868\u3057\u3001\u9ad8\u3044\u307b\u3069\u501f\u5165\u4f59\u529b\u304c\u5927\u304d\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Reinvestment Ratio<\/div>\n<div class=\"ja\">\u518d\u6295\u8cc7\u6bd4\u7387<\/div>\n<div class=\"df\">\u55b6\u696dCF\u3092\u9577\u671f\u8cc7\u7523\u306e\u53d6\u5f97\u306b\u5145\u3066\u305f\u73fe\u91d1\u652f\u51fa\u3067\u5272\u3063\u305f\u6bd4\u7387\u3002\u55b6\u696d\u6d3b\u52d5\u3067\u5f97\u305f\u73fe\u91d1\u3067\u8a2d\u5099\u6295\u8cc7\u306a\u3069\u3092\u8cc4\u3048\u308b\u5ea6\u5408\u3044\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm6\">LM6 Analysis of Inventories\uff08\u68da\u5378\u8cc7\u7523\u306e\u5206\u6790\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm6\/\">LM6 \u68da\u5378\u8cc7\u7523\u306e\u5206\u6790<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Net Realisable Value (NRV)<\/div>\n<div class=\"ja\">\u6b63\u5473\u5b9f\u73fe\u53ef\u80fd\u4fa1\u984d\uff08NRV\uff09<\/div>\n<div class=\"df\">\u901a\u5e38\u306e\u4e8b\u696d\u904e\u7a0b\u306b\u304a\u3051\u308b\u898b\u7a4d\u58f2\u4fa1\u304b\u3089\u3001\u5b8c\u6210\u307e\u3067\u306e\u898b\u7a4d\u539f\u4fa1\u3068\u8ca9\u58f2\u306b\u5fc5\u8981\u306a\u898b\u7a4d\u8cbb\u7528\u3092\u5dee\u3057\u5f15\u3044\u305f\u984d\u3002\u68da\u5378\u8cc7\u7523\u306f\u539f\u4fa1\u3068NRV\u306e\u4f4e\u3044\u65b9\u3067\u6e2c\u5b9a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Lower of Cost or Market<\/div>\n<div class=\"ja\">\u4f4e\u4fa1\u6cd5\uff08\u539f\u4fa1\u3068\u5e02\u5834\u4fa1\u683c\u306e\u4f4e\u3044\u65b9\uff09<\/div>\n<div class=\"df\">US GAAP\u3067LIFO\u3084\u58f2\u4fa1\u9084\u5143\u6cd5\u306e\u68da\u5378\u8cc7\u7523\u306b\u9069\u7528\u3059\u308b\u6e2c\u5b9a\u3002\u5e02\u5834\u4fa1\u683c\u306f\u518d\u8abf\u9054\u539f\u4fa1\u3067\u3001NRV\u3092\u4e0a\u9650\u3001NRV\u304b\u3089\u901a\u5e38\u306e\u5229\u76ca\u3092\u5f15\u3044\u305f\u984d\u3092\u4e0b\u9650\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Inventory Write-Down<\/div>\n<div class=\"ja\">\u68da\u5378\u8cc7\u7523\u306e\u8a55\u4fa1\u6e1b<\/div>\n<div class=\"df\">\u68da\u5378\u8cc7\u7523\u306e\u5e33\u7c3f\u4fa1\u984d\u3092NRV\u306a\u3069\u307e\u3067\u5207\u308a\u4e0b\u3052\u308b\u3053\u3068\u3002\u58f2\u4e0a\u539f\u4fa1\u304c\u5897\u3048\u5229\u76ca\u304c\u6e1b\u308b\u3002IFRS\u306f\u5f8c\u306e\u623b\u5165\u308c\u3092\u8a8d\u3081\u3001US GAAP\u306f\u8a8d\u3081\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">First-In, First-Out (FIFO)<\/div>\n<div class=\"ja\">\u5148\u5165\u5148\u51fa\u6cd5\uff08FIFO\uff09<\/div>\n<div class=\"df\">\u5148\u306b\u53d6\u5f97\u3057\u305f\u5728\u5eab\u304b\u3089\u9806\u306b\u6255\u3044\u51fa\u3055\u308c\u305f\u3068\u307f\u306a\u3059\u539f\u4fa1\u914d\u5206\u65b9\u6cd5\u3002\u7269\u4fa1\u4e0a\u6607\u6642\u306f\u58f2\u4e0a\u539f\u4fa1\u304c\u5c0f\u3055\u304f\u3001\u671f\u672b\u5728\u5eab\u306f\u6642\u4fa1\u306b\u8fd1\u304f\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Last-In, First-Out (LIFO)<\/div>\n<div class=\"ja\">\u5f8c\u5165\u5148\u51fa\u6cd5\uff08LIFO\uff09<\/div>\n<div class=\"df\">\u6700\u5f8c\u306b\u53d6\u5f97\u3057\u305f\u5728\u5eab\u304b\u3089\u6255\u3044\u51fa\u3055\u308c\u305f\u3068\u307f\u306a\u3059\u539f\u4fa1\u914d\u5206\u65b9\u6cd5\u3002US GAAP\u306e\u307f\u3067\u8a8d\u3081\u3089\u308c\u3001\u7269\u4fa1\u4e0a\u6607\u6642\u306f\u58f2\u4e0a\u539f\u4fa1\u304c\u5927\u304d\u304f\u5229\u76ca\u3068\u671f\u672b\u5728\u5eab\u304c\u5c0f\u3055\u304f\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Weighted Average Cost Method<\/div>\n<div class=\"ja\">\u52a0\u91cd\u5e73\u5747\u6cd5<\/div>\n<div class=\"df\">\u8ca9\u58f2\u53ef\u80fd\u306a\u5728\u5eab\u306e\u7dcf\u539f\u4fa1\u3092\u6570\u91cf\u3067\u5272\u3063\u305f\u5e73\u5747\u5358\u4fa1\u3067\u3001\u58f2\u4e0a\u539f\u4fa1\u3068\u671f\u672b\u5728\u5eab\u3092\u6e2c\u5b9a\u3059\u308b\u65b9\u6cd5\u3002\u7d50\u679c\u306fFIFO\u3068LIFO\u306e\u4e2d\u9593\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">LIFO Reserve<\/div>\n<div class=\"ja\">LIFO\u6e96\u5099\u91d1<\/div>\n<div class=\"df\">FIFO\u3067\u6e2c\u5b9a\u3057\u305f\u68da\u5378\u8cc7\u7523\u3068LIFO\u3067\u6e2c\u5b9a\u3057\u305f\u68da\u5378\u8cc7\u7523\u306e\u5dee\u984d\u3002LIFO\u63a1\u7528\u4f01\u696d\u306e\u6570\u5024\u3092FIFO\u30d9\u30fc\u30b9\u306b\u8abf\u6574\u3059\u308b\u969b\u306b\u7528\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">LIFO Liquidation<\/div>\n<div class=\"ja\">LIFO\u6e05\u7b97<\/div>\n<div class=\"df\">LIFO\u63a1\u7528\u4f01\u696d\u3067\u8ca9\u58f2\u91cf\u304c\u4ed5\u5165\u91cf\u3092\u4e0a\u56de\u308a\u3001\u53e4\u3044\u5c64\u306e\u5728\u5eab\u304c\u6255\u3044\u51fa\u3055\u308c\u308b\u73fe\u8c61\u3002\u7269\u4fa1\u4e0a\u6607\u4e0b\u3067\u306f\u53e4\u3044\u5b89\u3044\u539f\u4fa1\u304c\u58f2\u4e0a\u539f\u4fa1\u306b\u5165\u308a\u3001\u4e00\u6642\u7684\u306b\u5229\u76ca\u304c\u81a8\u3089\u3080\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Inventory Turnover<\/div>\n<div class=\"ja\">\u68da\u5378\u8cc7\u7523\u56de\u8ee2\u7387<\/div>\n<div class=\"df\">\u58f2\u4e0a\u539f\u4fa1\u3092\u5e73\u5747\u68da\u5378\u8cc7\u7523\u3067\u5272\u3063\u305f\u6bd4\u7387\u3002\u5728\u5eab\u304c\u4e00\u5b9a\u671f\u9593\u306b\u4f55\u56de\u5165\u308c\u66ff\u308f\u308b\u304b\u3092\u793a\u3057\u3001\u9ad8\u3059\u304e\u308c\u3070\u54c1\u5207\u308c\u3001\u4f4e\u3059\u304e\u308c\u3070\u904e\u5270\u5728\u5eab\u306e\u53ef\u80fd\u6027\u3092\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Days of Inventory on Hand (DOH)<\/div>\n<div class=\"ja\">\u68da\u5378\u8cc7\u7523\u56de\u8ee2\u65e5\u6570\uff08DOH\uff09<\/div>\n<div class=\"df\">\u671f\u9593\u306e\u65e5\u6570\uff08\u5e74\u6b21\u306a\u3089365\uff09\u3092\u68da\u5378\u8cc7\u7523\u56de\u8ee2\u7387\u3067\u5272\u3063\u305f\u5024\u3002\u5728\u5eab\u3092\u4ed5\u5165\u308c\u3066\u304b\u3089\u8ca9\u58f2\u3059\u308b\u307e\u3067\u306b\u4fdd\u6709\u3057\u3066\u3044\u308b\u5e73\u5747\u65e5\u6570\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm7\">LM7 Analysis of Long-Term Assets\uff08\u9577\u671f\u8cc7\u7523\u306e\u5206\u6790\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm7\/\">LM7 \u9577\u671f\u8cc7\u7523\u306e\u5206\u6790<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Revaluation Model<\/div>\n<div class=\"ja\">\u518d\u8a55\u4fa1\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u3084\u7121\u5f62\u8cc7\u7523\u3092\u516c\u6b63\u4fa1\u5024\u3067\u518d\u8a55\u4fa1\u3057\u3066\u8a08\u4e0a\u3059\u308bIFRS\u306e\u6e2c\u5b9a\u65b9\u6cd5\u3002US GAAP\u306f\u539f\u4fa1\u30e2\u30c7\u30eb\u306e\u307f\u3092\u8a8d\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Development Costs<\/div>\n<div class=\"ja\">\u958b\u767a\u8cbb<\/div>\n<div class=\"df\">\u7814\u7a76\u6210\u679c\u3092\u88fd\u54c1\u3084\u5de5\u7a0b\u306b\u5fdc\u7528\u3059\u308b\u6bb5\u968e\u306e\u652f\u51fa\u3002IFRS\u3067\u306f\u6280\u8853\u7684\u5b9f\u73fe\u53ef\u80fd\u6027\u306a\u3069\u306e\u8981\u4ef6\u3092\u6e80\u305f\u305b\u3070\u8cc7\u7523\u8a08\u4e0a\u3057\u3001\u7814\u7a76\u6bb5\u968e\u306e\u652f\u51fa\u306f\u8cbb\u7528\u51e6\u7406\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Acquisition Method<\/div>\n<div class=\"ja\">\u53d6\u5f97\u6cd5<\/div>\n<div class=\"df\">\u4f01\u696d\u7d50\u5408\u306e\u4f1a\u8a08\u51e6\u7406\u65b9\u6cd5\u3002\u53d6\u5f97\u5bfe\u4fa1\u3092\u53d6\u5f97\u3057\u305f\u8cc7\u7523\u3068\u5f15\u304d\u53d7\u3051\u305f\u8ca0\u50b5\u306b\u516c\u6b63\u4fa1\u5024\u3067\u914d\u5206\u3057\u3001\u8b58\u5225\u53ef\u80fd\u306a\u7d14\u8cc7\u7523\u3092\u4e0a\u56de\u308b\u90e8\u5206\u3092\u306e\u308c\u3093\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Impairment<\/div>\n<div class=\"ja\">\u6e1b\u640d<\/div>\n<div class=\"df\">\u8cc7\u7523\u306e\u5e33\u7c3f\u4fa1\u984d\u304c\u56de\u53ce\u3067\u304d\u306a\u304f\u306a\u3063\u305f\u5834\u5408\u306b\u3001\u305d\u306e\u4fa1\u5024\u306e\u4e0b\u843d\u3092\u640d\u5931\u3068\u3057\u3066\u8a8d\u8b58\u3059\u308b\u3053\u3068\u3002\u975e\u8cc7\u91d1\u8cbb\u7528\u3067\u3001\u5f53\u671f\u306e\u5229\u76ca\u3068\u8cc7\u7523\u3092\u6e1b\u3089\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Recoverable Amount<\/div>\n<div class=\"ja\">\u56de\u53ce\u53ef\u80fd\u4fa1\u984d<\/div>\n<div class=\"df\">IFRS\u306e\u6e1b\u640d\u5224\u5b9a\u3067\u7528\u3044\u308b\u3001\u58f2\u5374\u8cbb\u7528\u63a7\u9664\u5f8c\u306e\u516c\u6b63\u4fa1\u5024\u3068\u4f7f\u7528\u4fa1\u5024\u306e\u3044\u305a\u308c\u304b\u9ad8\u3044\u65b9\u3002\u5e33\u7c3f\u4fa1\u984d\u304c\u3053\u308c\u3092\u4e0a\u56de\u308c\u3070\u5dee\u984d\u3092\u6e1b\u640d\u640d\u5931\u3068\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Value in Use<\/div>\n<div class=\"ja\">\u4f7f\u7528\u4fa1\u5024<\/div>\n<div class=\"df\">\u8cc7\u7523\u3092\u4f7f\u3044\u7d9a\u3051\u308b\u3053\u3068\u3067\u5f97\u3089\u308c\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u5c06\u6765\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\u3002\u56de\u53ce\u53ef\u80fd\u4fa1\u984d\u306e\u7b97\u5b9a\u8981\u7d20\u306e\u4e00\u3064\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Derecognition<\/div>\n<div class=\"ja\">\u8a8d\u8b58\u306e\u4e2d\u6b62<\/div>\n<div class=\"df\">\u58f2\u5374\u3001\u9664\u5374\u3001\u4ea4\u63db\u306a\u3069\u306b\u3088\u308a\u8cc7\u7523\u3092\u8cb8\u501f\u5bfe\u7167\u8868\u304b\u3089\u53d6\u308a\u9664\u304f\u3053\u3068\u3002\u58f2\u5374\u4fa1\u984d\u3068\u5e33\u7c3f\u4fa1\u984d\u306e\u5dee\u304c\u58f2\u5374\u640d\u76ca\u3068\u306a\u308a\u3001\u9664\u5374\u3067\u306f\u5e33\u7c3f\u4fa1\u984d\u304c\u640d\u5931\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Non-Current Assets Held for Sale<\/div>\n<div class=\"ja\">\u58f2\u5374\u76ee\u7684\u4fdd\u6709\u306e\u975e\u6d41\u52d5\u8cc7\u7523<\/div>\n<div class=\"df\">\u4e3b\u306b\u58f2\u5374\u306b\u3088\u3063\u3066\u5e33\u7c3f\u4fa1\u984d\u304c\u56de\u53ce\u3055\u308c\u308b\u898b\u8fbc\u307f\u306e\u8cc7\u7523\u3002\u5e33\u7c3f\u4fa1\u984d\u3068\u58f2\u5374\u8cbb\u7528\u63a7\u9664\u5f8c\u306e\u516c\u6b63\u4fa1\u5024\u306e\u4f4e\u3044\u65b9\u3067\u6e2c\u5b9a\u3057\u3001\u6e1b\u4fa1\u511f\u5374\u3092\u505c\u6b62\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Average Age of PP&amp;E<\/div>\n<div class=\"ja\">\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u306e\u5e73\u5747\u5e74\u9f62<\/div>\n<div class=\"df\">\u6e1b\u4fa1\u511f\u5374\u7d2f\u8a08\u984d\u3092\u5e74\u9593\u6e1b\u4fa1\u511f\u5374\u8cbb\u3067\u5272\u3063\u3066\u63a8\u8a08\u3059\u308b\u3001\u8a2d\u5099\u306e\u7d4c\u904e\u5e74\u6570\u306e\u76ee\u5b89\u3002\u5c06\u6765\u306e\u66f4\u65b0\u6295\u8cc7\u306e\u5fc5\u8981\u6027\u3092\u8a55\u4fa1\u3059\u308b\u6750\u6599\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm8\">LM8 Topics in Long-Term Liabilities and Equity\uff08\u9577\u671f\u8ca0\u50b5\u3068\u8cc7\u672c\u306e\u30c8\u30d4\u30c3\u30af\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm8\/\">LM8 \u9577\u671f\u8ca0\u50b5\u3068\u8cc7\u672c\u306e\u30c8\u30d4\u30c3\u30af<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Right-of-Use (ROU) Asset<\/div>\n<div class=\"ja\">\u4f7f\u7528\u6a29\u8cc7\u7523<\/div>\n<div class=\"df\">\u501f\u624b\u304c\u30ea\u30fc\u30b9\u671f\u9593\u306b\u308f\u305f\u308a\u539f\u8cc7\u7523\u3092\u4f7f\u7528\u3059\u308b\u6a29\u5229\u3092\u8868\u3059\u8cc7\u7523\u3002\u30ea\u30fc\u30b9\u8ca0\u50b5\u306e\u5f53\u521d\u6e2c\u5b9a\u984d\u306a\u3069\u3092\u3082\u3068\u306b\u8a08\u4e0a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Lease Liability<\/div>\n<div class=\"ja\">\u30ea\u30fc\u30b9\u8ca0\u50b5<\/div>\n<div class=\"df\">\u501f\u624b\u304c\u5c06\u6765\u652f\u6255\u3046\u30ea\u30fc\u30b9\u6599\u306e\u73fe\u5728\u4fa1\u5024\u3068\u3057\u3066\u8a08\u4e0a\u3059\u308b\u8ca0\u50b5\u3002\u652f\u6255\u3044\u306e\u3046\u3061\u5143\u672c\u90e8\u5206\u306f\u8ca0\u50b5\u3092\u6e1b\u3089\u3057\u3001\u5229\u606f\u90e8\u5206\u306f\u5229\u606f\u3068\u3057\u3066\u51e6\u7406\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Finance Lease<\/div>\n<div class=\"ja\">\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u30fb\u30ea\u30fc\u30b9<\/div>\n<div class=\"df\">\u539f\u8cc7\u7523\u306e\u6240\u6709\u306b\u4f34\u3046\u30ea\u30b9\u30af\u3068\u7d4c\u6e08\u4fa1\u5024\u306e\u307b\u307c\u3059\u3079\u3066\u304c\u501f\u624b\u306b\u79fb\u308b\u30ea\u30fc\u30b9\u3002\u5b9f\u8cea\u7684\u306b\u8cc7\u7523\u306e\u8cfc\u5165\u30fb\u58f2\u5374\u306b\u8fd1\u3044\u53d6\u5f15\u3068\u3057\u3066\u51e6\u7406\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Operating Lease<\/div>\n<div class=\"ja\">\u30aa\u30da\u30ec\u30fc\u30c6\u30a3\u30f3\u30b0\u30fb\u30ea\u30fc\u30b9<\/div>\n<div class=\"df\">\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u30fb\u30ea\u30fc\u30b9\u306b\u8a72\u5f53\u3057\u306a\u3044\u3001\u8cc3\u8cb8\u501f\u306b\u8fd1\u3044\u30ea\u30fc\u30b9\u3002US GAAP\u306e\u501f\u624b\u306f\u4f7f\u7528\u6a29\u8cc7\u7523\u3068\u30ea\u30fc\u30b9\u8ca0\u50b5\u3092\u8a08\u4e0a\u3057\u3001\u5b9a\u984d\u306e\u30ea\u30fc\u30b9\u8cbb\u7528\u3092\u8a8d\u8b58\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Defined Contribution Plan<\/div>\n<div class=\"ja\">\u78ba\u5b9a\u62e0\u51fa\u5236\u5ea6<\/div>\n<div class=\"df\">\u4f01\u696d\u304c\u62e0\u51fa\u984d\u3092\u7d04\u675f\u3057\u3001\u5f93\u696d\u54e1\u306e\u5c06\u6765\u306e\u7d66\u4ed8\u306f\u904b\u7528\u6210\u679c\u306b\u5de6\u53f3\u3055\u308c\u308b\u5e74\u91d1\u5236\u5ea6\u3002\u904b\u7528\u30ea\u30b9\u30af\u306f\u5f93\u696d\u54e1\u304c\u8ca0\u3044\u3001\u4f01\u696d\u306e\u5e74\u91d1\u8cbb\u7528\u306f\u62e0\u51fa\u984d\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Defined Benefit Plan<\/div>\n<div class=\"ja\">\u78ba\u5b9a\u7d66\u4ed8\u5236\u5ea6<\/div>\n<div class=\"df\">\u7d66\u4ed8\u7b97\u5b9a\u5f0f\u306a\u3069\u3067\u5f93\u696d\u54e1\u306e\u5c06\u6765\u306e\u7d66\u4ed8\u984d\u3092\u7d04\u675f\u3059\u308b\u5e74\u91d1\u5236\u5ea6\u3002\u904b\u7528\u30ea\u30b9\u30af\u3068\u6570\u7406\u30ea\u30b9\u30af\u3092\u4f01\u696d\u304c\u8ca0\u3044\u3001\u7a4d\u7acb\u72b6\u6cc1\u3092\u8cb8\u501f\u5bfe\u7167\u8868\u306b\u8a08\u4e0a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Funded Status<\/div>\n<div class=\"ja\">\u7a4d\u7acb\u72b6\u6cc1<\/div>\n<div class=\"df\">\u78ba\u5b9a\u7d66\u4ed8\u5236\u5ea6\u306b\u304a\u3051\u308b\u3001\u78ba\u5b9a\u7d66\u4ed8\u50b5\u52d9\u306e\u73fe\u5728\u4fa1\u5024\u3068\u5236\u5ea6\u8cc7\u7523\u306e\u516c\u6b63\u4fa1\u5024\u306e\u5dee\u984d\u3002\u7a4d\u7acb\u4e0d\u8db3\u306f\u7d14\u5e74\u91d1\u8ca0\u50b5\u3001\u7a4d\u7acb\u8d85\u904e\u306f\u7d14\u5e74\u91d1\u8cc7\u7523\u3068\u3057\u3066\u8a08\u4e0a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Remeasurement<\/div>\n<div class=\"ja\">\u518d\u6e2c\u5b9a<\/div>\n<div class=\"df\">IFRS\u306e\u78ba\u5b9a\u7d66\u4ed8\u5236\u5ea6\u3067\u3001\u6570\u7406\u8a08\u7b97\u4e0a\u306e\u5dee\u7570\u3084\u5236\u5ea6\u8cc7\u7523\u306e\u5b9f\u969b\u53ce\u76ca\u3068\u5229\u606f\u90e8\u5206\u3068\u306e\u5dee\u306a\u3069\u3092\u3044\u3046\u3002\u305d\u306e\u4ed6\u306e\u5305\u62ec\u5229\u76ca\u306b\u8a08\u4e0a\u3057\u3001\u7d14\u640d\u76ca\u306b\u306f\u7d44\u307f\u66ff\u3048\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Share-Based Compensation<\/div>\n<div class=\"ja\">\u682a\u5f0f\u5831\u916c<\/div>\n<div class=\"df\">\u682a\u5f0f\u3084\u30b9\u30c8\u30c3\u30af\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\u3092\u7528\u3044\u305f\u5f93\u696d\u54e1\u3078\u306e\u5831\u916c\u3002\u4ed8\u4e0e\u65e5\u306e\u516c\u6b63\u4fa1\u5024\u3067\u6e2c\u5b9a\u3057\u3001\u5f53\u671f\u306e\u73fe\u91d1\u652f\u51fa\u3092\u4f34\u308f\u306a\u3044\u8cbb\u7528\u3068\u3057\u3066\u8a08\u4e0a\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Vesting Period<\/div>\n<div class=\"ja\">\u6a29\u5229\u78ba\u5b9a\u671f\u9593<\/div>\n<div class=\"df\">\u682a\u5f0f\u5831\u916c\u306e\u53d7\u7d66\u8005\u304c\u682a\u5f0f\u3084\u30aa\u30d7\u30b7\u30e7\u30f3\u306b\u5bfe\u3059\u308b\u6a29\u5229\u3092\u5f97\u308b\u307e\u3067\u306b\u5fc5\u8981\u306a\u52e4\u52d9\u671f\u9593\u3002\u5831\u916c\u8cbb\u7528\u306f\u3053\u306e\u671f\u9593\u306b\u308f\u305f\u3063\u3066\u914d\u5206\u3057\u3066\u8a8d\u8b58\u3059\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm9\">LM9 Analysis of Income Taxes\uff08\u6cd5\u4eba\u6240\u5f97\u7a0e\u306e\u5206\u6790\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm9\/\">LM9 \u6cd5\u4eba\u6240\u5f97\u7a0e\u306e\u5206\u6790<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Taxable Income<\/div>\n<div class=\"ja\">\u8ab2\u7a0e\u6240\u5f97<\/div>\n<div class=\"df\">\u7a0e\u6cd5\u306b\u57fa\u3065\u3044\u3066\u8a08\u7b97\u3055\u308c\u308b\u8ab2\u7a0e\u5bfe\u8c61\u306e\u6240\u5f97\u3002\u672a\u6255\u6cd5\u4eba\u7a0e\u306e\u57fa\u790e\u3068\u306a\u308a\u3001\u4f1a\u8a08\u57fa\u6e96\u306b\u57fa\u3065\u304f\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3068\u306f\u4e00\u81f4\u3057\u306a\u3044\u3053\u3068\u304c\u591a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Income Tax Expense<\/div>\n<div class=\"ja\">\u6cd5\u4eba\u7a0e\u7b49\u8cbb\u7528<\/div>\n<div class=\"df\">\u640d\u76ca\u8a08\u7b97\u66f8\u306b\u8a08\u4e0a\u3055\u308c\u308b\u7a0e\u91d1\u8cbb\u7528\u3002\u5f53\u671f\u306e\u672a\u6255\u6cd5\u4eba\u7a0e\u306b\u3001\u7e70\u5ef6\u7a0e\u91d1\u8ca0\u50b5\u306e\u5897\u52a0\u3092\u52a0\u3048\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u306e\u5897\u52a0\u3092\u5dee\u3057\u5f15\u3044\u305f\u984d\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Tax Base<\/div>\n<div class=\"ja\">\u7a0e\u52d9\u57fa\u6e96\u984d<\/div>\n<div class=\"df\">\u7a0e\u52d9\u4e0a\u3001\u8cc7\u7523\u307e\u305f\u306f\u8ca0\u50b5\u306b\u5e30\u5c5e\u3055\u305b\u308b\u91d1\u984d\u3002\u8cc7\u7523\u306e\u5e33\u7c3f\u4fa1\u984d\u304c\u7a0e\u52d9\u57fa\u6e96\u984d\u3092\u4e0a\u56de\u308c\u3070\u7e70\u5ef6\u7a0e\u91d1\u8ca0\u50b5\u3001\u4e0b\u56de\u308c\u3070\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u306e\u539f\u56e0\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Temporary Difference<\/div>\n<div class=\"ja\">\u4e00\u6642\u5dee\u7570<\/div>\n<div class=\"df\">\u8cc7\u7523\u30fb\u8ca0\u50b5\u306e\u5e33\u7c3f\u4fa1\u984d\u3068\u7a0e\u52d9\u57fa\u6e96\u984d\u306e\u5dee\u306e\u3046\u3061\u3001\u5c06\u6765\u306e\u671f\u9593\u306b\u89e3\u6d88\u3055\u308c\u308b\u3082\u306e\u3002\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u30fb\u8ca0\u50b5\u306e\u767a\u751f\u6e90\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Permanent Difference<\/div>\n<div class=\"ja\">\u6c38\u4e45\u5dee\u7570<\/div>\n<div class=\"df\">\u640d\u91d1\u4e0d\u7b97\u5165\u306e\u8cbb\u7528\u3084\u975e\u8ab2\u7a0e\u306e\u53ce\u76ca\u306a\u3069\u3001\u5c06\u6765\u3082\u89e3\u6d88\u3055\u308c\u306a\u3044\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3068\u8ab2\u7a0e\u6240\u5f97\u306e\u5dee\u3002\u7e70\u5ef6\u7a0e\u91d1\u3092\u751f\u307e\u305a\u3001\u5b9f\u52b9\u7a0e\u7387\u3092\u6cd5\u5b9a\u7a0e\u7387\u304b\u3089\u4e56\u96e2\u3055\u305b\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Deferred Tax Liability (DTL)<\/div>\n<div class=\"ja\">\u7e70\u5ef6\u7a0e\u91d1\u8ca0\u50b5\uff08DTL\uff09<\/div>\n<div class=\"df\">\u4e00\u6642\u5dee\u7570\u306b\u3088\u308a\u5c06\u6765\u306e\u7a0e\u91d1\u652f\u6255\u3044\u304c\u5897\u3048\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u984d\u3002\u7a0e\u52d9\u4e0a\u306e\u52a0\u901f\u511f\u5374\u3068\u4f1a\u8a08\u4e0a\u306e\u5b9a\u984d\u6cd5\u306e\u5dee\u304c\u5178\u578b\u4f8b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Deferred Tax Asset (DTA)<\/div>\n<div class=\"ja\">\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\uff08DTA\uff09<\/div>\n<div class=\"df\">\u4e00\u6642\u5dee\u7570\u3084\u7e70\u8d8a\u6b20\u640d\u91d1\u306b\u3088\u308a\u5c06\u6765\u306e\u7a0e\u91d1\u652f\u6255\u3044\u304c\u6e1b\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u984d\u3002\u88fd\u54c1\u4fdd\u8a3c\u5f15\u5f53\u91d1\u3084\u7e70\u8d8a\u6b20\u640d\u91d1\u306a\u3069\u304b\u3089\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Valuation Allowance<\/div>\n<div class=\"ja\">\u8a55\u4fa1\u6027\u5f15\u5f53\u91d1<\/div>\n<div class=\"df\">US GAAP\u3067\u3001\u7e70\u5ef6\u7a0e\u91d1\u8cc7\u7523\u306e\u3046\u3061\u5b9f\u73fe\u3057\u306a\u3044\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u90e8\u5206\u3092\u6e1b\u984d\u3059\u308b\u305f\u3081\u306e\u5f15\u5f53\u91d1\u3002\u5897\u6e1b\u306f\u7a0e\u91d1\u8cbb\u7528\u3068\u5229\u76ca\u306b\u5f71\u97ff\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Effective Tax Rate<\/div>\n<div class=\"ja\">\u5b9f\u52b9\u7a0e\u7387<\/div>\n<div class=\"df\">\u6cd5\u4eba\u7a0e\u7b49\u8cbb\u7528\u3092\u7a0e\u5f15\u524d\u5229\u76ca\u3067\u5272\u3063\u305f\u7a0e\u7387\u3002\u6cd5\u5f8b\u3067\u5b9a\u3081\u3089\u308c\u305f\u6cd5\u5b9a\u7a0e\u7387\u3068\u306e\u5dee\u306f\u3001\u6c38\u4e45\u5dee\u7570\u3084\u7a0e\u7387\u306e\u7570\u306a\u308b\u56fd\u3067\u306e\u6240\u5f97\u306a\u3069\u304b\u3089\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Tax Rate<\/div>\n<div class=\"ja\">\u30ad\u30e3\u30c3\u30b7\u30e5\u7a0e\u7387<\/div>\n<div class=\"df\">\u5b9f\u969b\u306b\u652f\u6255\u3063\u305f\u7a0e\u984d\u3092\u7a0e\u5f15\u524d\u5229\u76ca\u3067\u5272\u3063\u305f\u7a0e\u7387\u3002\u5b9f\u52b9\u7a0e\u7387\u3088\u308a\u4f4e\u3051\u308c\u3070\u3001\u7a0e\u91d1\u306e\u652f\u6255\u3044\u304c\u5c06\u6765\u306b\u7e70\u308a\u5ef6\u3079\u3089\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u793a\u3059\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm10\">LM10 Financial Reporting Quality\uff08\u8ca1\u52d9\u5831\u544a\u306e\u8cea\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm10\/\">LM10 \u8ca1\u52d9\u5831\u544a\u306e\u8cea<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Financial Reporting Quality<\/div>\n<div class=\"ja\">\u8ca1\u52d9\u5831\u544a\u306e\u8cea<\/div>\n<div class=\"df\">\u958b\u793a\u3055\u308c\u305f\u60c5\u5831\u304c\u3001\u4f01\u696d\u306e\u7d4c\u6e08\u6d3b\u52d5\u3068\u8ca1\u653f\u72b6\u614b\u306e\u5b9f\u614b\u3092\u3069\u308c\u3060\u3051\u5fe0\u5b9f\u306b\u8868\u3057\u3066\u3044\u308b\u304b\u306e\u5ea6\u5408\u3044\u3002\u76ee\u7684\u9069\u5408\u6027\u3001\u6b63\u78ba\u6027\u3001\u5b8c\u5168\u6027\u3001\u4e2d\u7acb\u6027\u3067\u8a55\u4fa1\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Earnings Quality<\/div>\n<div class=\"ja\">\u5229\u76ca\u306e\u8cea<\/div>\n<div class=\"df\">\u5831\u544a\u3055\u308c\u305f\u5229\u76ca\u304c\u6301\u7d9a\u7684\u3067\u3001\u8cc7\u672c\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u5341\u5206\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u751f\u3093\u3067\u3044\u308b\u304b\u306e\u5ea6\u5408\u3044\u3002\u8ca1\u52d9\u5831\u544a\u306e\u8cea\u3068\u306f\u5225\u306e\u6982\u5ff5\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Conservative Accounting<\/div>\n<div class=\"ja\">\u4fdd\u5b88\u7684\u4f1a\u8a08<\/div>\n<div class=\"df\">\u5f53\u671f\u306e\u5229\u76ca\u3084\u8cc7\u7523\u3092\u5c0f\u3055\u304f\u898b\u305b\u308b\u65b9\u5411\u306e\u4f1a\u8a08\u4e0a\u306e\u9078\u629e\u3002\u4e2d\u7acb\u6027\u3092\u6b20\u304f\u504f\u308a\u3067\u3042\u308a\u3001\u306e\u3061\u306e\u671f\u9593\u306e\u5229\u76ca\u3092\u62bc\u3057\u4e0a\u3052\u308b\u4f59\u5730\u3092\u751f\u3080\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Aggressive Accounting<\/div>\n<div class=\"ja\">\u7a4d\u6975\u7684\u4f1a\u8a08<\/div>\n<div class=\"df\">\u53ce\u76ca\u30fb\u5229\u76ca\u30fb\u55b6\u696dCF\u3092\u5927\u304d\u304f\u898b\u305b\u305f\u308a\u3001\u5f53\u671f\u306e\u8cbb\u7528\u3084\u8ca0\u50b5\u3092\u5c0f\u3055\u304f\u898b\u305b\u305f\u308a\u3057\u3066\u3001\u696d\u7e3e\u3084\u8ca1\u653f\u72b6\u614b\u3092\u3088\u304f\u898b\u305b\u3088\u3046\u3068\u3059\u308b\u4f1a\u8a08\u4e0a\u306e\u9078\u629e\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Earnings Management<\/div>\n<div class=\"ja\">\u5229\u76ca\u8abf\u6574<\/div>\n<div class=\"df\">\u4f1a\u8a08\u65b9\u91dd\u306e\u9078\u629e\u3084\u898b\u7a4d\u308a\u3001\u53d6\u5f15\u306e\u6642\u671f\u306e\u64cd\u4f5c\u306b\u3088\u3063\u3066\u3001\u5831\u544a\u5229\u76ca\u3092\u610f\u56f3\u7684\u306b\u76ee\u6a19\u3068\u3059\u308b\u6c34\u6e96\u3078\u52d5\u304b\u3059\u3053\u3068\u3002GAAP\u306e\u7bc4\u56f2\u5185\u3067\u3082\u5831\u544a\u306e\u8cea\u3092\u4e0b\u3052\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cookie Jar Reserve<\/div>\n<div class=\"ja\">\u30af\u30c3\u30ad\u30fc\u30fb\u30b8\u30e3\u30fc\u5f15\u5f53\u91d1<\/div>\n<div class=\"df\">\u597d\u8abf\u671f\u306b\u5f15\u5f53\u91d1\u3092\u904e\u5927\u306b\u7a4d\u307f\u3001\u4e0d\u8abf\u671f\u306b\u53d6\u308a\u5d29\u3057\u3066\u5229\u76ca\u3092\u5e73\u6e96\u5316\u3059\u308b\u624b\u6cd5\u3002\u4fdd\u5b88\u7684\u306a\u51e6\u7406\u304c\u5f8c\u306e\u671f\u306e\u5229\u76ca\u64cd\u4f5c\u306b\u4f7f\u308f\u308c\u308b\u4f8b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Fraud Triangle<\/div>\n<div class=\"ja\">\u4e0d\u6b63\u306e\u30c8\u30e9\u30a4\u30a2\u30f3\u30b0\u30eb<\/div>\n<div class=\"df\">\u4e0d\u6b63\u306a\u8ca1\u52d9\u5831\u544a\u304c\u751f\u3058\u308b\u6761\u4ef6\u3092\u3001\u52d5\u6a5f\uff08\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\uff09\u3001\u6a5f\u4f1a\u3001\u6b63\u5f53\u5316\u306e3\u8981\u7d20\u3067\u8aac\u660e\u3059\u308b\u67a0\u7d44\u307f\u3002\u6a5f\u4f1a\u306f\u5185\u90e8\u7d71\u5236\u3084\u76e3\u7763\u306e\u5f31\u3055\u304b\u3089\u751f\u3058\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Book\/Tax Conformity<\/div>\n<div class=\"ja\">\u7a0e\u52d9\u3068\u4f1a\u8a08\u306e\u4e00\u81f4<\/div>\n<div class=\"df\">\u4f1a\u8a08\u4e0a\u306e\u5229\u76ca\u3068\u8ab2\u7a0e\u6240\u5f97\u306e\u8a08\u7b97\u3092\u4e00\u81f4\u3055\u305b\u308b\u5236\u5ea6\u74b0\u5883\u3002\u7bc0\u7a0e\u306e\u52d5\u6a5f\u304c\u5831\u544a\u5229\u76ca\u3092\u4f4e\u304f\u898b\u305b\u308b\u65b9\u5411\u306b\u50cd\u304d\u3001\u5831\u544a\u306e\u8cea\u3092\u640d\u306a\u3044\u3084\u3059\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Non-GAAP Financial Measure<\/div>\n<div class=\"ja\">\u975eGAAP\u6307\u6a19<\/div>\n<div class=\"df\">\u4f1a\u8a08\u57fa\u6e96\u3067\u5b9a\u7fa9\u3055\u308c\u3066\u3044\u306a\u3044\u3001\u4f01\u696d\u304c\u72ec\u81ea\u306b\u8abf\u6574\u3057\u305f\u696d\u7e3e\u6307\u6a19\u3002\u8abf\u6574\u5f8c\u5229\u76ca\u3084EBITDA\u306a\u3069\u3067\u3001\u7c73\u56fd\u3067\u306f\u6700\u3082\u8fd1\u3044GAAP\u6307\u6a19\u3068\u306e\u8abf\u6574\u8868\u306e\u958b\u793a\u304c\u6c42\u3081\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Channel Stuffing<\/div>\n<div class=\"ja\">\u62bc\u3057\u8fbc\u307f\u8ca9\u58f2<\/div>\n<div class=\"df\">\u671f\u672b\u306b\u6d41\u901a\u696d\u8005\u306a\u3069\u3078\u901a\u5e38\u4ee5\u4e0a\u306e\u5546\u54c1\u3092\u51fa\u8377\u3057\u3001\u58f2\u4e0a\u3092\u524d\u5012\u3057\u3067\u8a08\u4e0a\u3059\u308b\u884c\u70ba\u3002\u58f2\u4e0a\u306b\u6bd4\u3079\u58f2\u639b\u91d1\u304c\u6025\u5897\u3059\u308b\u5f62\u3067\u8868\u308c\u3084\u3059\u3044\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm11\">LM11 Financial Analysis Techniques\uff08\u8ca1\u52d9\u5206\u6790\u306e\u624b\u6cd5\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm11\/\">LM11 \u8ca1\u52d9\u5206\u6790\u306e\u624b\u6cd5<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cross-Sectional Analysis<\/div>\n<div class=\"ja\">\u30af\u30ed\u30b9\u30bb\u30af\u30b7\u30e7\u30f3\u5206\u6790<\/div>\n<div class=\"df\">\u540c\u3058\u6642\u70b9\u30fb\u671f\u9593\u306b\u3064\u3044\u3066\u3001\u8907\u6570\u306e\u4f01\u696d\u306e\u6bd4\u7387\u306a\u3069\u3092\u6bd4\u8f03\u3059\u308b\u5206\u6790\u3002\u540c\u696d\u4ed6\u793e\u3068\u306e\u76f8\u5bfe\u7684\u306a\u4f4d\u7f6e\u3065\u3051\u3092\u628a\u63e1\u3059\u308b\u305f\u3081\u306b\u7528\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Trend Analysis<\/div>\n<div class=\"ja\">\u30c8\u30ec\u30f3\u30c9\u5206\u6790\uff08\u6642\u7cfb\u5217\u5206\u6790\uff09<\/div>\n<div class=\"df\">1\u793e\u306e\u8ca1\u52d9\u30c7\u30fc\u30bf\u3084\u6bd4\u7387\u3092\u6642\u9593\u306e\u7d4c\u904e\u306b\u6cbf\u3063\u3066\u6bd4\u8f03\u3059\u308b\u5206\u6790\u3002\u696d\u7e3e\u3084\u8ca1\u653f\u72b6\u614b\u306e\u5909\u5316\u306e\u65b9\u5411\u3068\u901f\u3055\u3092\u628a\u63e1\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Activity Ratios<\/div>\n<div class=\"ja\">\u6d3b\u52d5\u6027\u6bd4\u7387<\/div>\n<div class=\"df\">\u8cc7\u7523\u3084\u8ca0\u50b5\u306e\u904b\u7528\u52b9\u7387\u3092\u6e2c\u308b\u6bd4\u7387\u3002\u68da\u5378\u8cc7\u7523\u56de\u8ee2\u7387\u3001\u58f2\u4e0a\u50b5\u6a29\u56de\u8ee2\u7387\u3001\u4ed5\u5165\u50b5\u52d9\u56de\u8ee2\u7387\u3001\u7dcf\u8cc7\u7523\u56de\u8ee2\u7387\u306a\u3069\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Profitability Ratios<\/div>\n<div class=\"ja\">\u53ce\u76ca\u6027\u6bd4\u7387<\/div>\n<div class=\"df\">\u58f2\u4e0a\u9ad8\u3084\u8cc7\u7523\u3001\u8cc7\u672c\u304b\u3089\u5229\u76ca\u3092\u751f\u307f\u51fa\u3059\u529b\u3092\u6e2c\u308b\u6bd4\u7387\u3002\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u30fb\u55b6\u696d\u5229\u76ca\u7387\u30fb\u7d14\u5229\u76ca\u7387\u3001ROA\u3001ROE\u306a\u3069\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cash Conversion Cycle (CCC)<\/div>\n<div class=\"ja\">\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u30b3\u30f3\u30d0\u30fc\u30b8\u30e7\u30f3\u30fb\u30b5\u30a4\u30af\u30eb\uff08CCC\uff09<\/div>\n<div class=\"df\">\u5728\u5eab\u65e5\u6570\u3068\u58f2\u4e0a\u50b5\u6a29\u56de\u8ee2\u65e5\u6570\u306e\u548c\u304b\u3089\u4ed5\u5165\u50b5\u52d9\u56de\u8ee2\u65e5\u6570\u3092\u5f15\u3044\u305f\u65e5\u6570\u3002\u4ed5\u5165\u306e\u652f\u6255\u3044\u304b\u3089\u8ca9\u58f2\u4ee3\u91d1\u306e\u56de\u53ce\u307e\u3067\u306b\u8cc7\u91d1\u304c\u62d8\u675f\u3055\u308c\u308b\u671f\u9593\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">DuPont Analysis<\/div>\n<div class=\"ja\">\u30c7\u30e5\u30dd\u30f3\u5206\u6790<\/div>\n<div class=\"df\">ROE\u3092\u7d14\u5229\u76ca\u7387\u3001\u7dcf\u8cc7\u7523\u56de\u8ee2\u7387\u3001\u8ca1\u52d9\u30ec\u30d0\u30ec\u30c3\u30b8\u306a\u3069\u306e\u8981\u7d20\u306e\u7a4d\u306b\u5206\u89e3\u3057\u3001ROE\u306e\u6c34\u6e96\u3084\u5909\u5316\u306e\u6e90\u6cc9\u3092\u7279\u5b9a\u3059\u308b\u624b\u6cd5\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Tax Burden<\/div>\n<div class=\"ja\">\u7a0e\u8ca0\u62c5\u7387<\/div>\n<div class=\"df\">\u30c7\u30e5\u30dd\u30f3\u5206\u6790\u306e\u8981\u7d20\u3067\u3001\u7d14\u5229\u76ca\u3092\u7a0e\u5f15\u524d\u5229\u76ca\u3067\u5272\u3063\u305f\u6bd4\u7387\u30021\u304b\u3089\u5b9f\u52b9\u7a0e\u7387\u3092\u5f15\u3044\u305f\u5024\u306b\u7b49\u3057\u304f\u30011\u306b\u8fd1\u3044\u307b\u3069\u7a0e\u306e\u8ca0\u62c5\u304c\u8efd\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Interest Burden<\/div>\n<div class=\"ja\">\u91d1\u5229\u8ca0\u62c5\u7387<\/div>\n<div class=\"df\">\u30c7\u30e5\u30dd\u30f3\u5206\u6790\u306e\u8981\u7d20\u3067\u3001\u7a0e\u5f15\u524d\u5229\u76ca\u3092EBIT\u3067\u5272\u3063\u305f\u6bd4\u7387\u3002\u5229\u606f\u8ca0\u62c5\u304c\u5c0f\u3055\u3044\u307b\u30691\u306b\u8fd1\u3065\u304d\u3001\u4f4e\u3044\u307b\u3069\u5229\u606f\u306e\u8ca0\u62c5\u304c\u5927\u304d\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sensitivity Analysis<\/div>\n<div class=\"ja\">\u611f\u5fdc\u5ea6\u5206\u6790<\/div>\n<div class=\"df\">\u4ed6\u306e\u6761\u4ef6\u3092\u4e00\u5b9a\u3068\u3057\u30661\u3064\u306e\u524d\u63d0\u6761\u4ef6\u3060\u3051\u3092\u5909\u3048\u305f\u3068\u304d\u306b\u3001\u4e88\u6e2c\u3055\u308c\u308b\u5229\u76ca\u306a\u3069\u306e\u7d50\u679c\u304c\u3069\u308c\u3060\u3051\u5909\u5316\u3059\u308b\u304b\u3092\u8abf\u3079\u308b\u5206\u6790\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Scenario Analysis<\/div>\n<div class=\"ja\">\u30b7\u30ca\u30ea\u30aa\u5206\u6790<\/div>\n<div class=\"df\">\u8907\u6570\u306e\u524d\u63d0\u6761\u4ef6\u3092\u540c\u6642\u306b\u5909\u3048\u305f\u697d\u89b3\u30fb\u57fa\u672c\u30fb\u60b2\u89b3\u306a\u3069\u306e\u30b7\u30ca\u30ea\u30aa\u3092\u8a2d\u5b9a\u3057\u3001\u305d\u308c\u305e\u308c\u3067\u4e88\u6e2c\u3055\u308c\u308b\u7d50\u679c\u3092\u6bd4\u8f03\u3059\u308b\u5206\u6790\u3002<\/div>\n<\/div>\n<h3 id=\"l1-fsa-g-lm12\">LM12 Introduction to Financial Statement Modeling\uff08\u8ca1\u52d9\u8af8\u8868\u30e2\u30c7\u30ea\u30f3\u30b0\u5165\u9580\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fsa-lm12\/\">LM12 \u8ca1\u52d9\u8af8\u8868\u30e2\u30c7\u30ea\u30f3\u30b0\u5165\u9580<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sales-Based Pro Forma Model<\/div>\n<div class=\"ja\">\u58f2\u4e0a\u30d9\u30fc\u30b9\u306e\u30d7\u30ed\u30fb\u30d5\u30a9\u30fc\u30de\u30fb\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u58f2\u4e0a\u9ad8\u306e\u4e88\u6e2c\u3092\u8d77\u70b9\u306b\u3001\u6bd4\u7387\u3084\u56fa\u5b9a\u8cbb\u306e\u524d\u63d0\u3092\u901a\u3058\u3066\u640d\u76ca\u8a08\u7b97\u66f8\u30fb\u8cb8\u501f\u5bfe\u7167\u8868\u30fb\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u8a08\u7b97\u66f8\u3092\u9023\u52d5\u3057\u3066\u4e88\u6e2c\u3059\u308b\u8ca1\u52d9\u30e2\u30c7\u30eb\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Overconfidence Bias<\/div>\n<div class=\"ja\">\u904e\u4fe1\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u81ea\u5206\u306e\u4e88\u6e2c\u306e\u6b63\u78ba\u3055\u3084\u80fd\u529b\u3092\u904e\u5927\u8a55\u4fa1\u3057\u3001\u5c06\u6765\u306e\u7d50\u679c\u306e\u5e45\u3092\u5b9f\u969b\u3088\u308a\u72ed\u304f\u898b\u7a4d\u3082\u308a\u304c\u3061\u306b\u306a\u308b\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Illusion of Control Bias<\/div>\n<div class=\"ja\">\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u932f\u899a<\/div>\n<div class=\"df\">\u5236\u5fa1\u3067\u304d\u306a\u3044\u4e8b\u8c61\u3092\u5236\u5fa1\u3067\u304d\u308b\u3068\u8003\u3048\u308b\u50be\u5411\u3002\u4e88\u6e2c\u3067\u306f\u60c5\u5831\u3092\u904e\u5270\u306b\u96c6\u3081\u305f\u308a\u3001\u30e2\u30c7\u30eb\u3092\u5fc5\u8981\u4ee5\u4e0a\u306b\u8907\u96d1\u306b\u3057\u305f\u308a\u3059\u308b\u5f62\u3067\u8868\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Conservatism Bias<\/div>\n<div class=\"ja\">\u4fdd\u5b88\u6027\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u3059\u3067\u306b\u6301\u3063\u3066\u3044\u308b\u898b\u65b9\u3084\u4e88\u6e2c\u306b\u56fa\u57f7\u3057\u3001\u65b0\u3057\u3044\u60c5\u5831\u3092\u53d7\u3051\u53d6\u3063\u3066\u3082\u4e88\u6e2c\u306e\u4fee\u6b63\u304c\u4e0d\u5341\u5206\u307e\u305f\u306f\u9045\u308c\u304c\u3061\u306b\u306a\u308b\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Representativeness Bias<\/div>\n<div class=\"ja\">\u4ee3\u8868\u6027\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u5bfe\u8c61\u304c\u65e2\u77e5\u306e\u985e\u578b\u306b\u4f3c\u3066\u3044\u308b\u3068\u3044\u3046\u8868\u9762\u7684\u306a\u985e\u4f3c\u6027\u306b\u983c\u3063\u3066\u5224\u65ad\u3057\u3001\u57fa\u6e96\u7387\uff08\u30d9\u30fc\u30b9\u30fb\u30ec\u30fc\u30c8\uff09\u3092\u8efd\u8996\u3057\u304c\u3061\u306a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Confirmation Bias<\/div>\n<div class=\"ja\">\u78ba\u8a3c\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u81ea\u5206\u306e\u898b\u89e3\u3092\u652f\u6301\u3059\u308b\u60c5\u5831\u3070\u304b\u308a\u3092\u63a2\u3057\u3066\u91cd\u8996\u3057\u3001\u305d\u308c\u306b\u53cd\u3059\u308b\u60c5\u5831\u3092\u8efd\u8996\u3057\u305f\u308a\u898b\u843d\u3068\u3057\u305f\u308a\u3057\u304c\u3061\u306a\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Porter&#8217;s Five Forces<\/div>\n<div class=\"ja\">\u30dd\u30fc\u30bf\u30fc\u306e\u30d5\u30a1\u30a4\u30d6\u30d5\u30a9\u30fc\u30b9<\/div>\n<div class=\"df\">\u4ee3\u66ff\u54c1\u306e\u8105\u5a01\u3001\u7af6\u5408\u4f01\u696d\u9593\u306e\u6575\u5bfe\u95a2\u4fc2\u3001\u4f9b\u7d66\u696d\u8005\u306e\u4ea4\u6e09\u529b\u3001\u8cb7\u3044\u624b\u306e\u4ea4\u6e09\u529b\u3001\u65b0\u898f\u53c2\u5165\u306e\u8105\u5a01\u306e5\u8981\u56e0\u304b\u3089\u696d\u754c\u306e\u7af6\u4e89\u74b0\u5883\u3092\u5206\u6790\u3059\u308b\u67a0\u7d44\u307f\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Return on Invested Capital (ROIC)<\/div>\n<div class=\"ja\">\u6295\u4e0b\u8cc7\u672c\u5229\u76ca\u7387\uff08ROIC\uff09<\/div>\n<div class=\"df\">\u7a0e\u5f15\u5f8c\u55b6\u696d\u5229\u76ca\u3092\u3001\u55b6\u696d\u8cc7\u7523\u304b\u3089\u55b6\u696d\u8ca0\u50b5\u3092\u5dee\u3057\u5f15\u3044\u305f\u6295\u4e0b\u8cc7\u672c\u3067\u5272\u3063\u305f\u53ce\u76ca\u6027\u6307\u6a19\u3002\u9ad8\u304f\u6301\u7d9a\u7684\u306a\u6c34\u6e96\u306f\u7af6\u4e89\u512a\u4f4d\u3068\u7d50\u3073\u3064\u304d\u3084\u3059\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Normalized Earnings<\/div>\n<div class=\"ja\">\u6b63\u898f\u5316\u5229\u76ca<\/div>\n<div class=\"df\">\u4e00\u6642\u7684\u306a\u8981\u56e0\u304c\u306a\u3044\u5834\u5408\u306b\u898b\u8fbc\u307e\u308c\u308b\u3001\u666f\u6c17\u30b5\u30a4\u30af\u30eb\u306e\u4e2d\u9593\u306b\u304a\u3051\u308b\u5229\u76ca\u6c34\u6e96\u3002\u660e\u793a\u7684\u306a\u4e88\u6e2c\u671f\u9593\u3092\u8d85\u3048\u305f\u4e88\u6e2c\u306e\u57fa\u790e\u306b\u7528\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Explicit Forecast Horizon<\/div>\n<div class=\"ja\">\u660e\u793a\u7684\u306a\u4e88\u6e2c\u671f\u9593<\/div>\n<div class=\"df\">\u8ca1\u52d9\u8af8\u8868\u3092\u5e74\u3054\u3068\u306b\u5177\u4f53\u7684\u306b\u4e88\u6e2c\u3059\u308b\u671f\u9593\u3002\u6295\u8cc7\u6226\u7565\u3001\u696d\u754c\u306e\u666f\u6c17\u5faa\u74b0\u6027\u3001\u4f01\u696d\u56fa\u6709\u306e\u8981\u56e0\u3001\u6240\u5c5e\u7d44\u7e54\u306e\u65b9\u91dd\u306a\u3069\u3092\u8e0f\u307e\u3048\u3066\u8a2d\u5b9a\u3059\u308b\u3002<\/div>\n<\/div>\n<h2>\u3042\u308f\u305b\u3066\u4f7f\u3044\u305f\u3044\u30da\u30fc\u30b8<\/h2>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-fsa-formulas\/\">CFA\u00ae\ufe0e Level 1 FSA \u516c\u5f0f\u96c6\uff08\u8a18\u53f7\u306e\u610f\u5473\u3068\u4f7f\u3044\u3069\u3053\u308d\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-level1-glossary\/\">CFA\u00ae\ufe0e Level 1 \u7528\u8a9e\u96c6\uff08\u5168\u79d1\u76ee\u306e\u4e00\u89a7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-fsa\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Financial Statement Analysis\uff09<\/a><\/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\u3001\u7528\u8a9e\u3084\u516c\u5f0f\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\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \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<li><a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\" target=\"_blank\" rel=\"noopener\">Level 1 Leveraged Support Course\uff08\u7528\u8a9e\u96c6\u30fb\u516c\u5f0f\u96c6\u306e\u6574\u7406\u8cc7\u6599\u3064\u304d\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Financial Statement Analysis\uff08\u8ca1\u52d9\u8af8\u8868\u5206\u6790\uff09\u306e\u91cd\u8981\u7528\u8a9e112\u8a9e\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306e\u5358\u5143\uff08LM\uff09\u5225\u306b\u3001\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u305f\u7528\u8a9e\u96c6\u3067\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":11620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[101],"tags":[],"class_list":["post-11412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11412","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=11412"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11412\/revisions"}],"predecessor-version":[{"id":11533,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11412\/revisions\/11533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11620"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=11412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=11412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=11412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}