@mattyj
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Currently on holiday in Cape Verde. Downloaded the last season to watch whilst I’m away, and finished it last night. Great ending, but I feel kinda sad though.
At least the show did what a lot of successful shows fail to do, and that’s quit while you are on a high.
Oh, and did anyone else hear they are making a spinoff called “Better Call Saul”? Apparently it’s a prequel which focuses on Saul Goodman…
because reviewing KYC checklist (remember those from the CFA curriculum?!) for companies each and every day and double checking that the correct information was collected is borderline boring.
I disagree. It is so far beyond boring that I would probably prefer to calculate the present value of a currency future whilst simultaneously quoting the entire code and standards. Backwards. In Latin.
You can register very easily in one go. The only thing that may hold it up is if you need your employer to settle the bill. In that case, you will need to print off an invoice at the end of the registration process which your employer will need to pay.
The only info you will probably need that you may not know are your passport details. Emerging else is standard personal details (from memory, anyway).
Hope that helps!
@christine they aren’t sending the certificate out until December. It’s going on the wall, not sure what frame yet tho…
What did you do with yours?
The content for reading 1 and 2 seem to be same as Level II?
There are several readings which are identical between L1 and L2. In 2012 the first corporate finance SSs were identical to prior L1 readings.
I think with the ethics you may find some of the examples are different. Also slightly further on there is more emphasis on brokerage.
@microeconomist do you skip the time waster questions altogether? Wouldn’t it be better to do them if they are actually just an easy question with a bit of reading? (Sorry if I have misunderstood)
My question still stands. Aren’t we blending a market value measure with a book value measure?
You are using a company’s ROE and retention rate to approximate the growth rate. A company can only grow if it has the capital to do so. If a company is not making any return (I.e. ROE is zero) then it cannot grow. If it is making a return, then growth will depend on how much of that return is kept within the company.
For example, if a company has starting equity of £100, and ROE of 10%, then at the end of the year the equity should be £110. Assuming 100% of this (£10) is paid out as a dividend, then equity drops back to £100. ROE is still 10%, so the company will make £10 the second year, and so on.
Now, assume that in the same example the company only pays 50% (£5) as a dividend. Equity would drop back to £105. Then in year 2, ROE of 10% would mean that equity grows to £115.5. Again, paying out half of the annual return as a dividend (£5.25) reduces equity to £110.25. Against the previous year equity value of £105 this shows growth of 5.0% (the same as in the RR x ROE equation).
In Level 1, there is not that much difference between question banks and actual mock exam questions (compared to L2 and L3). If I had to choose I would say do the mock exams, as you will also get the benefit of experiencing what the structure of the paper will be like on the day.
In all honesty, it is only September (well, it will be tomorrow!), so you have plenty of time to blast through question bank questions, EOC’S, and mock exams. Most candidates who have passed L1 would probably suggest something along the following:
1) read the chapters in the book in their entirety (either CFAI or Schweser)
2) complete the ‘blue box’ questions in CFAI to consolidate the learnings
3) complete the end of chapter questions in CFAI
4) complete the end of chapter questions in Schweser
5) complete as many practice exams as you can, reverting back to the text if there are areas you are struggling on (this last bit should be in the last 3 or 4 weeks before the exam).Obviously how much you can do depends on the time you have available. If you are pushed for time, I would personally focus on point 1 (using Schweser will be quicker here, point 3 or 4, and point 5.
Hope that helps!
