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In kaplan books, equity is explained as the ‘residual interest’. can someone explain what this means?
The assets of a company less the liabilities of the company belongs to the owners. This difference (i.e. the residual / remaining amount) is the equity.
This definition is very unlikely to be relevant for the exam.
My free lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam. If you are watching the lectures then you do not really need the Study Text.
The most essential book (however you choose to study) is the Revision/Exam Kit. It is full of exam standard questions for practice, and practice is vital to passing the exam.I see, thank you!
I have already finished watching the lectures, I am just checking the Study texts to see if there are other useful concepts or tips that I can use 🙂 I also have been answering from the exam kit for practice
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