CFA CFA Level 1 List of stuff the calculator can do/solve

List of stuff the calculator can do/solve

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      What can it do and what can’t it do?

      Ref: BA 2 Plus

      Goal: optimize memorization of formulas

      (With a focus on Level 1 needs)

    • Avatar of SnippySnippy
      Participant
        • CFA Level 2
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        Can someone tell me more about this AMORT function that will save me precious time during the exam?

      • Avatar of SnippySnippy
        Participant
          • CFA Level 2
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          Okay, thanks @5000Questions!

        • Avatar of vincenttvincentt
          Participant
            • CFA Level 3
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            Anyway, there’s a very useful function on the calculator for level 1 which was not mentioned in schweser (i think), which is the ICONV ([2nd] + [2]). It allows you to convert to/from compounded interest by x period very quickly.

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            Are you using the TI? You would punch in the TVM inputs as you usually would, then 2nd AMORT. P1 is the first period, P2 is the end of the period you want to see the loan balance, interest payment, etc. by scrolling down. See the PDF Diya posted above on page 13, it shows you the keystrokes.

          • Avatar of settysetty
            Participant
              • CFA Level 1
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              Hey guys, I’m having serious issues with the cash flow functions, I’m about to lose my mind. I’ve entered my cash flows and my interest rate, but then when I press compute it doesn’t do anything?? I’m just trying to follow the example on page 6 of this PDF: http://www2.fiu.edu/~keysj/TIBAII+.pdf

              Any ideas??

            • Avatar of vincenttvincentt
              Participant
                • CFA Level 3
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                What it couldn’t do 😛

                By keying in the value from the balance sheet and income statement, then it would generate FCFF, FCFE, cash flow types (CFO, CFF, etc), accounting ratios (ROE, interest coverage, days of sales outstanding, etc), and so on….

              • Up
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                The AMORT function is especially useful for the “find the interest expense in the 3rd year” or “what was the loan balance in the 4th period” kind of questions. It has saved me several minutes on my practice exams. Doing the calcs by hand just wastes time!

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                @5000questions

                yeah I’m aware of that one, used it all the time for accounting classes this semester haha

                I think I know about the bond related ones
                I’m wondering if there is any quant material that can be done faster with this calculator? hmmmm
                (quant =/= present values quant, more stats quant)

              • Up
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                The obvious:
                PV, FV, PMNTS, Interest

              • Avatar of Zee TanZee Tan
                Keymaster
                  • CFA Charterholder
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                  What it couldn’t do 😛

                  By keying in the value from the balance sheet and income statement, then it would generate FCFF, FCFE, cash flow types (CFO, CFF, etc), accounting ratios (ROE, interest coverage, days of sales outstanding, etc), and so on….

                  Oh how I wished for that.

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                  http://www2.fiu.edu/~keysj/TIBAII+.pdf
                  A few more that functions explained.

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