- This topic has 8 replies, 5 voices, and was last updated Sep-179:07 pm by
Jwa.
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Up::5
@vincentt‌ – what I did when I took Level 3 was to make notes on them during revision, and just cram them in my brain only in the last week of studying. I got quite paranoid getting all the GIPs questions wrong.
If I recall correctly, I managed to summarise GIPS on 1 A4 sheet, and just ignored that paper until the last week to revise it again as it’s pure memory work (not logical).
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@vincentt‌ , my opinion is keep it to last, remember as much as possible. I would not like to miss out questions on ethics and GIPS as they are scoring and requires very little logic atleast for GIPS. However I did bad in ethics in L2 got in 50-70 range.
Coming to questions, I do not think CFAI would give more emphasis on testing logics like prior to x, beginning of x but prior to y kind of questions, as they stress more of logic and intention in my opinion.
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Make short bullet points as most of the questions are actually on law content. Brezee through bullet points of few pages and answer.
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@sophie how detail do you have to know the content of GIPS? Would it be fair to say we just have to know the latest requirements and recommendations? Because I feel if candidate is expected to know all the rules for all the standards including the prior to x, beginning of x but prior to y, etc is a little ridiculous which could be easily referenced in real life. @Jwa
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Kinda agree with @jwa and @RaviVooda‌ here. It’s one of those things that I’d leave last to cram but wouldn’t want to ignore. It is difficult to say what we should know as being “reasonable” – so I’d say go on a best effort basis. If I had to choose, yes I’d say knowing the latest requirements and recommendations is a fair assessment.
That said, I don’t know if the LOS has changed since my time. What does the GIPS LOS say @vincentt‌ ? That may help provide some direction.
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@RaviVooda‌ @sophie @Jwa ya this is my last reading now before I hit the EOC questions.
This is the GIPS LOS
http://www.cfainstitute.org/CFA%20Program%20Study%20Session/2014_L3_SS18.pdf -
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