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Up0
So I’ve taken a couple of practice tests from the CFAI itself and I was kind of shocked to find out that a few questions that were asked were not covered with enough detail or that I’ve been misguided by the KS notes. For example there was a question where I was asked to calculate the Laspeyres Index whereas in the notes it was mentioned that I won’t be required to calculate CPIs for the exams although the method to calculate is explained in the notes for understanding.
Secondly there was a question where I was given 2 Balance Sheets where one had Assets and Liabilites shown in ascending order of liquidity and and the other, in descending order. I was then asked to identify which one was prepared under GAAP. There is absolutely no mention of how the balance sheets are supposed to be prepared with regards to liquidity in the KS notes.
I’ve done almost all my studying from the KS notes and now I’m really getting annoyed by all the questions I’m getting stumped by. Anyone else having the same problem?
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Up4WesMantooth said:KS notes have more than enough detail to get you a passing grade. The CFAI mock exams that they give you always ask some crazy detailed questions. Don’t be thrown by them. I assume that the mock exams are made up of questions that didn’t make the grade for the real deal because they were either too hard, too vague, or too easy. I think of them as the misfit questions! I could be way off though.
Well in that case I guess I don’t need to worry too much about the CFAI mock questions being too hard then. I just hope what you’ve said is right because I actually find the CFAI mock questions very indirect and twisted to make you think hard which is alright but then you only have 1.5 mins to answer each question. I’ve also performed better on my KS exams than the CFAI ones which was getting me worried. Thanks for the info.
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Up3
I have also noticed that KS’s material is not always up to par. I started using Elan Guides for CFA Level 1 questions and I feel that they’re on par with the official questions. I feel like I was shirked with the Qbank. Elan’s questions are a lot more in depth and comprehensive.
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Up1
+1 for Elan’s quality for L1.
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Up0
KS notes have more than enough detail to get you a passing grade. The CFAI mock exams that they give you always ask some crazy detailed questions. Don’t be thrown by them. I assume that the mock exams are made up of questions that didn’t make the grade for the real deal because they were either too hard, too vague, or too easy. I think of them as the misfit questions! I could be way off though.
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