CFA Level I terms: K

For listed companies the report also describes the basis for the opinion and discusses key audit matters (international) or critical audit matters (United States): areas of higher misstatement risk or significant management judgment, such as revenue recognition estimates or impairment tests.

Regulatory filings, notes, MD&A and the audit report Financial Statement Analysis

Key rate duration (also called partial duration) can: it measures a bond's sensitivity to a change in the benchmark yield at one maturity, with all other rates held constant.

Key rate duration Fixed Income

Keynesians think it has powerful effects on demand, output and jobs when there is substantial spare capacity. Monetarists think fiscal changes move demand only temporarily and that monetary policy is the better tool for restraining or boosting inflationary pressure.

Fiscal vs monetary policy and what fiscal policy is for Economics

The kinked demand curve model assumes rivals will match a price cut but ignore a price rise. Above the current price, demand is elastic: raise the price and many customers leave for rivals.

Oligopoly pricing: kinked demand, Cournot, Nash and Stackelberg Economics

Knowledge of the law means you understand and obey every law, rule and regulation that governs your professional activities, plus the Code and Standards themselves.

Standard I(A): Knowledge of the Law Ethical and Professional Standards

Have the knowledge, skills and abilities your responsibilities require. Knowledge is the information you apply.

Standard I(E): Competence Ethical and Professional Standards

Kurtosis measures the combined weight of both tails relative to the rest of the distribution: how often extreme returns, up or down, occur.

Skewness and kurtosis Quantitative Methods