CFA CFA Level 1 Omissions in Kaplan Schweser vs. CFA Curriculum

Omissions in Kaplan Schweser vs. CFA Curriculum

  • This topic has 5 replies, 6 voices, and was last updated Oct-17 by vincentt.
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    • Prosper0
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      I got a question on discount margin of a Forward Rate Note in one of the mock tests from CFA Institute.

      I am studying using Kaplan Schweser and I am pretty sure I haven’t seen anything on FRNs, nor discount margin calculations.

      Text searching yields only one concept checker question from the section on options which uses the expression “Forward Rate Note” and zero finds on discount margins.

      This lead me to ask how much of key concepts is actually missing from Kaplan compared to CFAI.

      Has anybody here came across more? At this point in time (5 weeks to exam), I do not have time to read the full CFAI Curriculum and so I wanted to suggest we put together a list of topics omitted in Kaplan Schweser.

    • SamC
      Participant
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      I have noticed this is a fair amount.

      I’ve even had Schweser practice questions that specifically state a scenario that is not in the books. Annoying

    • Zee Tan
      Keymaster
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      The ‘official’ explanation for omissions is that Kaplan Schweser selectively leaves out topics that are less likely (in their assessment) to appear in the CFA exam, therefore cutting a bit of study time off for candidates.

      A good tactic for L1 if you’re using Kaplan Schweser as your main material is to learn up the glossary in the CFAI curriculum, as I found that many of the questions that caught me off guard (due to it not being in Kaplan Schweser) tended to be straight-definition questions.

    • CFAcharterwannabe
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      this is not doing anything to reassure me at all. Man I did not need more things to worry about. And I am not going to. Let’s just concentrate on doing as many questions as possible and leave the rest to fate.

    • Dan
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      Just study the schweser materials well. When I did the exam I think I found 2-3 questions that I didn’t see in the Schweser material which is nothing considering there is 240 questions total.

    • vincentt
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      tbh, when I did my L1, I only used schweser, i did not notice anything that’s entirely new in cfai mocks or exam. The only noticeable difference for my time was that schweser has more calculation questions than CFAI.

      This might be different for your year, but if you do well with schweser’s materials you should generally be okay for the exam.

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