Differences between LOS and Practice problems.

I don’t believe much in the technicalities of the learning outcome statements – as study providers tend to advise. If a calculation is explained in the CFAI material, then is fair to assume that it may be tested.

You don’t need to learn every formula, but it is important to know when you don’t. For example, I took the time to learn how to calculate kurtosis, but if you pay attention to the LOS and questions, you will not need to know the formula. However, knowing a formula helps you work through a lot of questions where you may not need to plug-and-chug as well; I have found this true in econ for me. 

Unfortunately there is no shortcut here. I would suggest you look at them and try to understand what these formulas are explaining – instead of necessarily “just memorizing” them.

As long as you understand these formulas and their applicability, you may simply purchase CFA formula sheets for the few days prior to your exam (wiley or schweiser) and then finally focus on remembering them.

You will also notice that many formulas repeat amongst different subjects (e.g dupont analysis).

Focus on the concepts and less on the number crunching…