@mlegrellier
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Up5
After writing the exam.
My strategy. I use the Qbank (Kaplan) questions every morning and write 40 questions covering two topics. That evening I revise where I fel short. I normally average between 60% and 70% on first attempt.
My Mocks will be Saturdays (Except for one) and Wednesdays
– 7th FINQUIZ
– 11th FINQUIZ
– 14th 1st CFA Mock
– 18th FINQUIZ
– 22nd – Sit for Mock exam offered by Kalplan
– 25th FINQUIZ
– 28th FInquizLast week I will have the second CFA Mock to work with. I would have written 9 full 6 hour papers…
Up4Hi there, Born and bread South African writing CFA 1 in NYC, wrote 1 in 2008 and failed (many reasons for this) but on the stream to pass this time. Good Luck to All
Up3Just went in to try and register for Level 1 again. do we not get some sort of discount or is $630.00 the discounted value?
Up3Not sure If I can help, but the way I would approach the problem is.
Residual value (Whats left) – The amount you will value your Asset at the end of the term.
Therefore Straight line – You would like your asset to be valued at 50K after 10 years. Therefore 600K-50K = (550000/10) This will be your depreciation for ten years which will result in 50K left over(Salvage value) It’s a constant 50K every year. Therefore Net Income will be the same for all years if all other variable stay the same.
With double declining you want to accelerate your depreciation.
Therefore you would take the period they want to depreciate over (10yr) and you would like to depreciate it twice as fast (Double Declining).
So, (10/2 = 0.2)Take your value 600K *0.2 = 120,000 for first year
2009 Yr1 = 120,000
2010 Yr2 = (600-120)*0.2 = 96000 (Cost – Accumulated Depreciation)
2011 Yr3 = (600-120-96)*0.2 = 76800
2012 Yr4 = (600-120-96-76.8)*0.2 = 61440
2013 Yr5 = (600-120-96-76.8-61.4)*0.2 = 49160and so on…
REMEMBER!! Once you hit 50K on your Asset value, you cannot not depreciate further than that.!
Net Income would increase as the years go by, if everything stays constant
Accumulated depreciation is the total amount for all depreciated values
Residual Value is the amount you want your asset to be valued at the end of the term.Hope this helps
Up3@DigitalWizard @Stuj79 How did you guys find the Level 1 Finquiz papers?
I wrote my first one this past weekend and got an average of 55%.
Personally it felt more difficult compared to CFAI? Any comments would be great?Up3Really appreciate the feedback!
You have hit the nail on the head.
I have seen my score go up a little as I take them, but not confident enough in the exam.
In saying this, I have started to do the topic test in the curriculum and been averaging 70 plus and schweser Qbank.
I call these FINQUIZ papers the reality check. Keeps you on your toes, all the time!It’s time to write, fail or pass. Needs to be done!
Up2Also Failed pretty upset about it band 6!! Put my heart and soul in it and all the exam did was chew me up and spit me out. Anyway for me I will write again in December, I started studying for June exam 1st February and managed 300 hours, with unexpected emergency trip in the last week and long hours at work, but hopefully with this as my base, another 300 will hopefully pip me over the top! HAS TOO!! I feel I can recover with this, considering I got above 70% for Econ(Huge surprise)
@captainj keep at it, foundation is there, by the looks of it, really solid foundation! Just need to tweak studies!!
Up0abellochs said:FML. Failed Level 1. Band 6. will be taking in December again.
Q# Topic Max Pts 70%
– Alternative Investments 10 – – *
– Corporate Finance 17 – * –
– Derivatives 12 * – –
– Economics 24 – * –
– Equity Investments 24 – * –
– Ethical & Professional Standards 36 – * –
– Financial Reporting & Analysis 48 * – –
– Fixed Income Investments 24 * – –
– Portfolio Management 17 – – *
– Quantitative Methods 28 * – –You and me in the same boat!
