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The Dark Side of Financial Statement Analysis

Event Description

The Dark Side of Financial Statement Analysis
14 August 2019
​Trainer: Professor Joel Litman

Eligible for FTS & SkillsFuture Credit Programme code – P180808ZOM​

This workshop is eligible for 7 CPD and CE hours


"The Dark Side of Financial Statement Analysis" is an extremely practical, intensive day-long session into time-tested strategies employed by the world's greatest investors.

Historically, the world's most successful investors have employed various competitive advantages for consistently beating the market's returns.

  • Analytical Advantages: Given the data already publicly available, some of the world's top investors have built superior analytics to allow them to succeed. Some of the world's greatest "Quants" fall into this category such as Blackrock, Dimensional, and AQR.
  • Informational Advantages: Some of the great fundamental investors have found ways to systematically uncover legal informational advantages. They have created ways to discover and determine company direction before the rest of the market has found out.
  • Emotional Advantages: Buffett, Klarman, Royce, and Templeton among others, have shown how temperance and emotional intelligence can make for incredible returns.   

While this course focuses on fundamental investing, it shows how better analytics can be used to create competitive advantages for investors. The term "Quantamental" describes how analytical, informational, and emotional advantages can be combined to generate concrete alpha in a stock portfolio.

"All great investors, regardless of investing style, have employed the same three steps in their success. They better understood what the market was expecting, they knew the market had mispriced its expectations, and they knew when the market would change its mind." - Litman

A highlight of the program is the real-time use of Uniform Financial Analytics in real world, current investment situations. Based on UAFRS (Uniform Adjusted Financial Reporting Standards), it features Uniform Earnings, Uniform P/E multiples, and entire data sets of enhanced analytics to better quantify and assess corporate performance and valuation.

Uniform earnings reports and valuations have been gaining popularity by investors and executives around the world. Uniform-based research reports are in the top 5% of all downloads on Factset, have been presented in "Dark Side of Financial Statements" programs in CFA Societies around the world.

In this seminar, enhanced analytics are combined with other tools and tactics of some of the world's greatest investors. Participants leave with a new understanding of alpha-generation and a platform for re-examining and enhancing their own investment processes and potential for success.

Course Fee:

CFA Society Singapore member price : S$880* (Early Bird fee) / S$1,080*(Standard fee)

Non-member price : S$1,080* (Early Bird fee) / S$1,280* (Standard fee)

Early bird fee valid till 19 July 2019

* Prices before 7% GST

* 10% off Group Discount available


•Registration will only be confirmed upon receipt of the registration form and full payment.
•No cash payment will be accepted for on-site registration.
•If any registered participant is unable to attend, a replacement is welcome, but a top-up may apply depending on the
membership category of the replacement participant. However, no refund would be made.
•CFA Society Singapore reserves the right to:
 * cancel, postpone or make any changes to the terms of the event at its sole discretion without giving any prior notice;
 * reject any registrations;
 * collect payment shortfall in accordance to the actual membership status of participants.
• By signing and submitting this form, I / we consent to CFA Society Singapore collecting, using, disclosing and processing my / our personal data :
  (1)  for purposes related to the administration of the registration for the above event;
  (2)  to send me updates informing me / us of events and activities organized by CFA Society Singapore.

*I understand that my personal data will be used and retained in accordance with the CFA Society Singapore Personal Data Policy available at

*Kinldy note that photographs and video may be taken during the event for use on our website, newsletter, social media, publicity and other related purposes by CFA Society Singapore.


​The Global Passport Program allows members of participating CFA societies to attend each other's society events at the local member price

Event Type

Society; Educational; Featured

Education Topic

Financial Statement Analysis

Start Time

8/14/2019 9:00

End Time

8/14/2019 17:00





Event Country


Event Region

Asia Pacific

Location Info



Prof. Joel Litman

CE Credits


SER Credit




Member Price

S$880* (Early-bird fee) / S$1,080* (Standard fee)

Non-Member Price

S$1,080* (Early-bird fee) / S$1,280* (Standard fee)

Candidate Price



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Event Short Info

[Workshop] The Dark Side of Financial Statement Analysis

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2019-08-14 The Dark Side of Financial Statement Analysis v2.pdf    
Content Type: MyCFA Calendar
Created at 5/9/2019 16:57 by
Last modified at 7/29/2019 17:40 by