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CFA Level 1 FRA | Imp Query on OCI (Other Comprehensive Income) | Candidate Resources
Sanjay Sir's audio response:
Sanjay Sir’s audio response:
See lessEthics Weightage
Theres no definite answer to this Q. however, if one were to give a rough estimate—one can typically expect 15-20% Q from these 2 chapters— approx 4-8Q. disclaimer: theres no certainty. imp: both chapters are v easy and involves almost no guesswork unlike the Q on standards that require judgement—soRead more
Theres no definite answer to this Q.
however, if one were to give a rough estimate—one can typically expect 15-20% Q from these 2 chapters— approx 4-8Q.
disclaimer: theres no certainty.
imp: both chapters are v easy and involves almost no guesswork unlike the Q on standards that require judgement—so its best to NOT take both these chapt and gips too lightly—these 3 portions will ensure you secure the required marks—the standards portion amywys involve lot of judgmenet and grey areas too.
Hope you got the drill.
See lessCFA L1 EXAM
Hi Pranjal There's no specific yardstick to answer this Q. Each exam term may have different levels of difficulty. However--in general, the C/R & CFAI Mock Q are a bit on the tougher side as they aim to prepare the candidates with multiple concepts packed into a single question. You can expect aRead more
Hi Pranjal
There’s no specific yardstick to answer this Q. Each exam term may have different levels of difficulty.
However–in general, the C/R & CFAI Mock Q are a bit on the tougher side as they aim to prepare the candidates with multiple concepts packed into a single question.
You can expect a healthy mix of toughness (Low, medium & Intense) on CFA exam day.
Anyway–since exam is based on relative performance–it should not affect you as such as long as you prepare conceptually, comprehensively & practice consistently!
See lessClear L1 backlog before starting for L2
Hi Abhishek...Congratulations. Its quite an achievement! As far as Sir's training modules for L2 are concerned---its not actually required to review the L1 concepts. Every candidate has some weak/problem areas & concepts where they are weak or ignored in L1 (say fixed income ABS MBS etc) & hRead more
Hi Abhishek…Congratulations. Its quite an achievement!
As far as Sir’s training modules for L2 are concerned—its not actually required to review the L1 concepts. Every candidate has some weak/problem areas & concepts where they are weak or ignored in L1 (say fixed income ABS MBS etc) & have the same dilemma & ask this Q b4 starting off with the next level!
Sir takes up all concepts from base even in L2–so you can simply dive into the L2 classes w/o reviewing L1 stuff.
However–You can always go back & brush-up your concepts–never an issue. that’s a personal decision & no harm as such.
Hope this clarifies.
See lessCfa mock exam
Hi Vivek Although there is no fixed timeline, in general--the CFAI mocks are available on the Mock Dashboard for a registered candidate approx 40-60 days before one's registered exam attempt (say for Nov 2022 attempt, mock may become available around mid-Sept) As per our understanding--there's no caRead more
Hi Vivek
- Although there is no fixed timeline, in general–the CFAI mocks are available on the Mock Dashboard for a registered candidate approx 40-60 days before one’s registered exam attempt (say for Nov 2022 attempt, mock may become available around mid-Sept)
- As per our understanding–there’s no cap on the no. of attempts. You can reset your previous attempt & proceed.
See lessCFA mocks query
Hi Arka There's no definite way of determining this....as the exam will have a set of fresh 180Q that may or may not suit your prep. But one thing is sure...if you've prepared & practiced suitably well, then there's little chance of stumbling! Having said that---Your scores are good enough (forRead more
Hi Arka
There’s no definite way of determining this….as the exam will have a set of fresh 180Q that may or may not suit your prep. But one thing is sure…if you’ve prepared & practiced suitably well, then there’s little chance of stumbling!
Having said that—Your scores are good enough (for passing, definitely)—overall accuracy on CFAI mocks between 70-80% is good. Also–its imp that your score on individual topics are decent…say above 65-70%.
If your score on a topic was 90% and another topic was 55%, ensure that by way of review & analysis of the Paper/Questions, you now get a grip on the concept–this will ensure that on actual exam—you will be able to handle the same areas better.
Also—most imp– since your exam is in 2 days—No more cramming. No more anxiety. Just stay positive & feel confident. Listen to Music–best way to relax!
See lessRelated to exam
Hi Shubham Yes, QForum mocks lean more on the tougher side so as to give candidates best level of practice. On a general mock, one should target overall 75-80% accuracy (70% min in individual topics). for QF Mocks, you can take these numbers at 70-75% & 65% respectively. —— However—pls note thatRead more
Hi Shubham
Yes, QForum mocks lean more on the tougher side so as to give candidates best level of practice.
On a general mock, one should target overall 75-80% accuracy (70% min in individual topics).
for QF Mocks, you can take these numbers at 70-75% & 65% respectively.
——
However—pls note that we have had candidates with much lower accuracy pass the official exam with flying colors—-reason being the top notch practice & revision you get (each Q packs in multiple concepts to give you wide range of coverage).
What matters the most?
1. The analysis after giving the mock & making sure you cover the gaps & problem areas so that you’re exam ready!
2. Taking the mock in exam simulated environment to build your stamina & get accustomed to sitting for a 5hour session with alert mind. Trust me—-this is a deal breaker on exam day.
All the best,
Stay positive & optimistic!
Team QF
See lessGeneral query related to cfa exam
The official CFA exam will have only MCQ. These long essay type questions are just for practice as it will help you review some concepts/formulas/steps. You may practice them, but if short on time & feeling stressed due to these questions--ignore them & move to normal MCQ and focus there toRead more
The official CFA exam will have only MCQ.
These long essay type questions are just for practice as it will help you review some concepts/formulas/steps.
You may practice them, but if short on time & feeling stressed due to these questions–ignore them & move to normal MCQ and focus there to increase your confidence.
See lessMarks Variance
In a way, yes its ok. But only bcos your exam is 3-4 months away & these must be your initial practice days. Such high variation indicates that although you may have completed the curriculum once (classes etc)---but your concepts need brushing up. This can happen only if you utilize your knowledRead more
In a way, yes its ok. But only bcos your exam is 3-4 months away & these must be your initial practice days. Such high variation indicates that although you may have completed the curriculum once (classes etc)—but your concepts need brushing up. This can happen only if you utilize your knowledge by applying them to solve questions.
See lessFor CFA L1, the best way to improve your accuracy is to solve more no. of Questions, and dive deep into areas where you are stumbling and/or weak. Its imp to fill in the loopholes…then your accuracy improves with each passing day.
As you move closer to the exam day, your accuracy should be consistently high in all topics–a clear indication that your prep is solid and you falter only in a few questions that are surprises.
Accuracy in Mock
80% accuracy is a decent-good score. your next Aim should be to move towards 85-90%. Don't focus on overall accuracy only---its imp to score well on all 10 topics (not just in aggregate, but individually well in each topic) If you felt that you are guessing a lot of questions--still you have achieveRead more
- 80% accuracy is a decent-good score. your next Aim should be to move towards 85-90%.
- Don’t focus on overall accuracy only—its imp to score well on all 10 topics (not just in aggregate, but individually well in each topic)
- If you felt that you are guessing a lot of questions–still you have achieved 80% accuracy– its a good sign….implying your instincts are working well. But we need to make sure that on actual exam day, guesswork type Q are minimized.
- For this, its imp that you do a deep-dive analysis of your papers (all quiz/mcq that you practice)—meaning that every Q will enrich your knowledge with multiple concepts if you read the answers properly & absorb the same.
- Its imp now to not just focus on accuracy—but also upgrade your knowledge & concepts with each Q that you practice. So don’t rush from 1 mock to the other…make sure you fill in the loopholes (weak areas) as you move forward… these will equip you better for exam day.
See less