I seem to remember learning a lot of Quant Method stuff in Level 1 that is not present in Level 2. Are the things in Level 1 still testable in the Level 2 exams?

Does that mean, readings such as the first two in FRA (inventories and long-lived assets) wouldn't get tested?

Nope, it's not really going to be tested. Technically I suppose they would be allowed to, but I doubt they will. There's too much to test for Level 2!

A CFA Level 2 Discussion About Is Anything From Level 1 Testable In Level 2 As Well?

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This topic has 5 replies, 5 voices, and was last updated Apr-174:40 pm by vincentt.

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- fabian
  Participant
  04 Apr 2017 at 4:09 pm
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  I seem to remember learning a lot of Quant Method stuff in Level 1 that is not present in Level 2. Are the things in Level 1 still testable in the Level 2 exams?
- vincentt
  Participant
  - CFA Level 3
  05 Apr 2017 at 4:36 pm
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  Does that mean, readings such as the first two in FRA (inventories and long-lived assets) wouldn’t get tested?
- artyeasel
  Participant
  04 Apr 2017 at 5:49 pm
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  Nope, it’s not really going to be tested. Technically I suppose they would be allowed to, but I doubt they will. There’s too much to test for Level 2!
- Zee Tan
  Keymaster
  - CFA Charterholder
  04 Apr 2017 at 6:54 pm
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  As @artyeasel says, it’s not really tested. I wouldn’t worry about it unless you need to know it for Level 2 topics.
- Sophie Macon
  Keymaster
  05 Apr 2017 at 4:40 pm
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  Not directly @vincentt. There would be indirect assumed knowledge of FRA basics etc of course. But not explicitly testing Level 1 stuff.
- vincentt
  Participant
  - CFA Level 3
  05 Apr 2017 at 4:40 pm
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  @sophie that would be better, don’t want to spend too much time on those topics but of course it’s something that a level 2 candidate should know.
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