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Message
re: THF: CFA Question[s]
Posted on 2/16/10 at 9:28 pm to lynxcat
Posted on 2/16/10 at 9:28 pm to lynxcat
quote:
She didn't say. On the 3 other sections she just got "average."
That is something I would have to get used to. Call me a nerd if you wish.
I mean I don't like C's, but in this case average gets you the designation, you know what I mean.
Also with thousands of pages of material, you can't realistically expect to nail every single question. A 66% will move you on to the next level.
0
Posted on 2/16/10 at 9:32 pm to TheHiddenFlask
CIA, no, they both push and tout their expertise equally as much. I never heard anything about the CFE at LSU, whereas UNO it seems like every teacher mentions it. I never took Internal Audit, because my uncle (CPA) told me about 4 years ago that it was miserable. Unfortunately, the people I know who went that route are largely miserable. Employed, but looking to GTFO. I did take an operational audit class last semester where we had to use CIA prep books. Awful, just awful.
Posted on 2/16/10 at 9:35 pm to TheHiddenFlask
quote:
Devote 14 hours on sunday and 30 MG of adderall and you can knock out one of the smaller books (assuming you don't just post on TD all day.)
I have been doing that on Friday (no work/school on Friday), but only getting like 6-8 in, and then having to squeeze it in with school/social crap on Sat/Sun/Mon. Luckily, being a month-old intern means you don't have shite to do ~50% of the time, so I get a decent amount done at work.
Posted on 2/16/10 at 9:38 pm to lynxcat
quote:
I've been told it is the miracle drug. I have yet to try it.
They are nothing short of academic steroids. They basically let you concentrate on something for hours on end with no other motivation in life. You don't even get hungry.
The quality of the studying probably decreases some, but the quantity definitely improves.
Disclaimer: If you aren't focused on studying, you will focus on whatever it is you are doing, so it also may cause you to do something like throw a paper ball in the air for an hour and a half and then get up and calculate every possible mathematical solution that can be reached using only the numbers currently on a digital clock.
..... Not that I would know.
Posted on 4/8/10 at 9:41 pm to TheHiddenFlask
Are the econ questions on L1 a joke? There's like 40 pages per section, and then they ask 3 retarded easy questions. I don't remember ever seeing a breakdown of % of questions by section, but this can't possibly make up more than like 10%. Why is this book 500 fricking pages? 
Posted on 4/9/10 at 10:47 am to kfizzle85
One of the lower percentages of the questions.
Easiest section, but I burned through the 500 pages in 10 hours and I whiffed on some of the questions. They are all qualitative stuff outside of calculating elasticity. Just mak some flash cards and you will nail it.
Easiest section, but I burned through the 500 pages in 10 hours and I whiffed on some of the questions. They are all qualitative stuff outside of calculating elasticity. Just mak some flash cards and you will nail it.
Posted on 4/11/10 at 5:48 pm to TheHiddenFlask
quote:
and realized that I wanted to be an internal auditor as much as I wanted to be a quadriplegic.
But dear God, so many enterprises (esp. governments and nonprofits) need skilled IA's.
Posted on 4/11/10 at 5:51 pm to kfizzle85
quote:
Fixed Income, deriving spot and forward rates for Treasuries. Just stumbled through it, but it seems like a lot of theory/proofing. How important do you think it is to know the calculus in this section, versus just the general concepts
The calculus, not at all, Bloomberg will give you the current values. Those values will not be what the formulas give you, the job then will be to determine why the difference exists, or at least propose reasons you can use to persuade a fund manager that he should buy or sell.
The concepts are critical though, especially for anyone interested in derivative products.
Posted on 4/11/10 at 7:49 pm to foshizzle
quote:
The calculus, not at all, Bloomberg will give you the current values.
Brah, see the title of the thread. These are questions solely pertaining the material on the test itself, not the relative importance of the material IRL. I don't think they're gonna let me set up shop with a Bloomberg terminal in the middle of the test.
Posted on 4/11/10 at 8:58 pm to kfizzle85
But it would be a whole lot cooler if they did.
Posted on 4/13/10 at 1:59 pm to TheHiddenFlask
How much of this GIPS garbage do I need to know?
Posted on 4/13/10 at 6:11 pm to kfizzle85
quote:
How much of this GIPS garbage do I need to know?
There were several questions on it.
I think I missed them all.
Posted on 4/13/10 at 7:42 pm to TheHiddenFlask
Posted on 4/13/10 at 9:15 pm to kfizzle85
I didn't really even read them when reviewing. They seemed dumb and I figured I knew everything else well enough that it wouldn't matter.
I still got the highest mark on the section, so it obviously wasn't that many, but I remember thinking that if I had only reviewed it, I would have gotten a few right.
I still got the highest mark on the section, so it obviously wasn't that many, but I remember thinking that if I had only reviewed it, I would have gotten a few right.
Posted on 4/13/10 at 10:56 pm to TheHiddenFlask
Yeah I mean I just read through it. 30 of the 45 pages were "not required reading." Dumb.
Posted on 4/14/10 at 12:43 am to kfizzle85
Ignore all optional reading and real world examples.
They will not be on the test.
They will not be on the test.
Posted on 4/14/10 at 1:33 am to TheHiddenFlask
quote:
I sat through one class and realized that I wanted to be an internal auditor as much as I wanted to be a quadriplegic.
Glenn does that to you.
Posted on 4/14/10 at 9:13 am to TheHiddenFlask
Flask:
Since I've just started studying for Lvl 1 and my plan is to go through the material in the following order:
1. ethics/quant method
2. econ
3. financial reporting
4. Equity/fixed income
5. corp finance/porfolio management
6. derivatives/alt investments
7. ethics (yes i'm gonna go through this again right before the test because, as I understand it, it is memorization, rather than concepts.
That being said, I noticed that quite a bit of the ethics was fairly common-sense stuff so I haven't been paying specific attention to which Article and section pertains to which ethical standard, but rather a more broad "what you can and can't do /should and shouldn't do" approach. Is this the right way to go about it, or are the focused on me learning specifically that section X article X says ______?
P.S. I'm taking it in Dec. so I have quite a bit of time, but I just wanted to get a feel and see what you thought.
Also, is the entire lvl 1 more geared to concepts (specifically econ & financial rpting) or is it more plug & chug with the calculator?
TIA
Since I've just started studying for Lvl 1 and my plan is to go through the material in the following order:
1. ethics/quant method
2. econ
3. financial reporting
4. Equity/fixed income
5. corp finance/porfolio management
6. derivatives/alt investments
7. ethics (yes i'm gonna go through this again right before the test because, as I understand it, it is memorization, rather than concepts.
That being said, I noticed that quite a bit of the ethics was fairly common-sense stuff so I haven't been paying specific attention to which Article and section pertains to which ethical standard, but rather a more broad "what you can and can't do /should and shouldn't do" approach. Is this the right way to go about it, or are the focused on me learning specifically that section X article X says ______?
P.S. I'm taking it in Dec. so I have quite a bit of time, but I just wanted to get a feel and see what you thought.
Also, is the entire lvl 1 more geared to concepts (specifically econ & financial rpting) or is it more plug & chug with the calculator?
TIA
Posted on 4/14/10 at 9:40 am to Early Cuyler
I just read the examples and did the questions at the end (there is like 40 of them).
Posted on 4/14/10 at 9:59 am to kfizzle85
Yeah I am gonna a do the questions tonight after work. It's pretty straightforward.
How's the studying been going on your end?
How's the studying been going on your end?
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