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in reply to: CFA Level III result #84003in reply to: 2016 CFA Level 3 Exam #83870::
Yeah, I feel ok. Not perfect, obviously one can never be sure about AM. I breezed through PM in 2hrs.
By the way, it’s way more active at *cough cough* this other forum about CFA if you want to discuss the exams and everything related… (sorry admins of 300 and many thanks for your blogging!).
in reply to: CFA Level III Prep starts now!!! #83321::Yep,lets do this!
Personally,i am going through cfai ebooks (book2 on my belt) for the time being and i am thinking about how to complement them. Last year, combo of mocks from cfai, Kaplan and Wiley really worked for me I guess. Question is how these products work for the am session. I would be interested in a product that tries to mimics the cfai grading process – probably online mock might work,if that exists…
in reply to: Am I the only one? #82743in reply to: Level II material providers, prep start date #82688::1) People who used Schweser exclusively seem to have ran into trouble. CFAI official is very dense and often hard to read but if you are planning that much time to study, I would use it and complement with Schweser.
Again, with that much time to prepare, devise a diligent routine of recap for material rentetion, otherwise a large portion of your prep time will be in vain. A lot of the stuff is technically complex and so easy to forget unless you practice often.
2) Dont focus on the hours, focus on the understanding and progress through the material. Make sure you dont go into mocks and especially into the exam without mastering the essential and complex issues of each chapter.
in reply to: All the best #82462::-monetary/non-monetary: what @Arbitrageur ; said. it’s anything that is clearly defined in terms of money. That means current assets excl.inventory (because invetory has to be valued, so it’s not a monetary asset). Monetary liabilities are I think always all liabilities… I don’t I came across a vignette where there would be non-monetary liabilities.
-distinction between operating/non-operating is important in the context of Private company valuation. Intuitively, those are assets that aren’t used in generation of the cashflow that drives the value of the company. They are extra. They should be explicitly described in the item set – Kaplan says to look for terms like “excess cash” or “land held for investments”. I would generilize land to all property held for investment instead of operation.
in reply to: Average Practice Exam Scores #82425in reply to: Average Practice Exam Scores #82416::Yeah actually, I’d be also curious – I have set tomorrow for that.
On a similar note – I remember that CFAI mock test for Level 1 had some overlap with individual practice questions also in the Candidate resources section on the CFAI website. Is it the same case for Level 2?
I am asking because I took quite a few of those practice questions for L2 this year…
in reply to: Average Practice Exam Scores #82402::75% on 3 full Schwesers + 66% on Wiley. Wiley was tough, but also, I was caught completely offguard by some ptf management questions + it didn’t load picture with interest rate trees in the vignettes at all.
Overall, it’s not too bad, but not ideal either and I’ll definitely spend the week ironing out the weak areas. I’ll also do the CFAI mock this week.
@Stuj79 That’s definitely impressive!
@RoyD To answer your question, if you have Schweser, I would definitely look into the performance tracker to see your weak spots.
in reply to: Company value as EBIT(1-t)/r? #82396in reply to: Wiley/Elan #82253in reply to: Wiley/Elan #82239in reply to: Final Month Slog #82238in reply to: Level two progress advice #81990 -
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