Taking INT ACC 1 & 2 at local college for CFA L2 prep

I've never taken Int. Accounting, but the CFA tests such obscure stuff that I don't think it would be much help. What you need to know are these things:

• Pensions (Calculating PBO, What is affected on the BS, Outflows, How the assumptions affect the statements, Whether expenses are classified on P&L or OCI, Corridor Method)
• Multinational Ops (Current/ Temporal Method, when to use each, what happens when currencies depreciate/ appreciate, what happens with over 100% inflation over a three year period, how the turnover ratios are affected, how the BS and IS ratios are affected)
• Intercorp. (When to use Equity vs. Partial Consolidation vs. Goodwill, How this will affect ratios, how to calculate goodwill, How Held to Maturity Securities are classified vs. Held for Sale, What happens when you switch classifications)
• Earnigns Quality (I'll just say accruals vs. cash accounting, this section isn't very hard and just involves a lot of ratios)
• SS 5 (LIFO/ FIFO, Capital vs. Operating Leases, how these affect the statements)

This is a decent rundown, and you'll just have to check to see what overlap there is. There is almost no way it covers Pensions and Multinational though.