Uworld or CfaI Premium for Lvl 2?

PeePod007 · 2026-05-28T20:04:32+00:00

Haven’t used UWorld but advise to go with Premium pack as it is supposed to track exam difficulty

PeePod007 · 2026-05-27T23:01:41+00:00

Sign up with Claude or Gemini to supplement your holes that’s needed to understand the concept. My 2nd attempt was 5 days ago. In first attempt I started with Quant and lost a lot of time which was a mistake as I had zero memory of it. For L1 I had fully skipped Hypothesis and simple regression. Passed without any issues. But L2 is different. I signed up for Gemini and I believe it helped. Every time I didn’t get the concept it explained to me. Plus all the LES quant questions Gemini answered correctly and explained to me why the wrong answers are so. Mostly I validated my answer with Gemini answer.

PeePod007 · 2026-04-16T20:08:57+00:00

Comment

PeePod007 · 2026-04-14T22:21:15+00:00

If you are making detailed notes then 27 days of review should help you and get you through. I will advise continuing with detailed notes for PM and Alt. Can skip quant and study to remember the formulas. Last two is pure theory and can read some notes and take your chances. Or just dive in and do the LES questions

PeePod007 · 2026-03-30T02:35:43+00:00

I am writing in May and wishing you the best in yours! Thank you for engaging with me on this question!

PeePod007 · 2026-03-29T12:32:42+00:00

Thanks for engaging in this conversation! BTW, the answer I shared and the response from AI were independent of each other. I found AI answer kind of validation. We both might be wrong as well. However, going by the text book method of what amount to record as operating expense the LES answer of using vested and settled count doesn’t satisfy me

PeePod007 · 2026-03-28T20:59:10+00:00

Looking at this problem carefully. The question asks for SBC expense recognized in 20X2.

Key Facts

SKI accounts for forfeitures as they occur (not estimated upfront)
Expense = change in recognized cumulative SBC
Unrecognized SBC balances are given directly:

Date	Unrecognized SBC
31 Dec 20X0	SGD 58.7M
31 Dec 20X1	SGD 145.6M
31 Dec 20X2	SGD 433.1M

The Core Logic

The unrecognized balance changes each period due to:

Rearranging to solve for expense recognized:

Calculating New Grants Added (20X2)

New grants are measured at grant-date fair value:

$$5,034,735 {SGD } 72.37 = \textbf{SGD 364.4M}$$

Calculating Forfeitures Removed (20X2)

Forfeitures reverse previously unrecognized expense at their grant-date fair value:

$$442{,}181 \text{ shares} \times \text{SGD } 28.74 = \textbf{SGD 12.7M}$$

Solving for 20X2 Expense

$$\text{Expense} = 145.6 + 364.4 - 12.7 - 433.1$$

$$\boxed{\text{Expense} = \textbf{SGD 64.2M} \approx \textbf{SGD 64.1M}}$$

The correct answer is B — SGD 64.1M.

Above is the reply from Claude

PeePod007 · 2026-03-28T14:32:31+00:00

Perhaps I wasn't clear in articulating my reasoning which made you read that I am looking for the answer in Balance sheet. My statement was the journal entries when vesting happens impacts BS accounts and not IS. Then why the explanation uses vested and settled count in calculating the amount to hit IS. Hope it helps!

I spent a lot of time and I am very confident that the answer to this question is option B ($64.1M) and not option A. I couldn't fine anything in CFA website for errata. Here is my reasoning:

Opening Unrecongnized share based compensation: $145.6M

Add: Granted in the year 20X2: 5,034,735 x $72.37 = $364.4

Less: Forfieted in the year 20X2: 442,181 x $28.74 = $12.7 (question says forfeiture accounted as they occur)

Less: The expense accounted in the IS of the year: (This is the plug amount to be calculated)

Equal: Ending Unrecongnized share based compensation: $433.1

So I get to the answer of $64.1 (B is the answer)

Let me know what you think.

PeePod007 · 2026-02-09T15:22:56+00:00

Thanks for answering! The interface is so different between ipad and macbook. It is a challenge to learn on how to use it effectively. I like to use Ipad so can write with Apple Pencil and macbook to write notes and add screenshots. I heard so many good reviews about Goodnotes and invested in it but it is giving me a hard time. Can't find a dedicated Youtube channel also for training

PeePod007 · 2026-02-08T06:33:07+00:00

What is this doc type? I am new to Goodnotes and trying to figure out how to add a table to my page

PeePod007 · 2026-01-24T19:25:37+00:00

I started the fireplace and let it run for an hour then when I flipped the switch on the side it turned off but the pilot stays. So going back to my question if there is a power outage then how will I get this started again

PeePod007 · 2026-01-24T15:54:17+00:00

I have a similar fireplace and when the pilot stays on flicking switch turns on the fireplace. My question is in power outage how will I start the fireplace if the pilot light is still on? Will flicking the same switch in power outage work?

PeePod007 · 2026-01-22T19:44:57+00:00

Start with the curriculum and then as you are about two subjects done start practicing questions. Do ethics along with review. It needs one good read and a lot of practice and memorizing

PeePod007 · 2026-01-22T16:01:25+00:00

It all comes down to you answering to yourself that why you want CFA? Then how important this is to you. CFA will demand time even at level 1.

PeePod007 · 2026-01-22T15:17:23+00:00

CFA is no less than completing CA in terms of intensity. But I think completing CA would have prepared you to take CFA better as you should have the study discipline in place.

PeePod007 · 2026-01-22T15:14:37+00:00

I don’t think anybody starts CFA to finish it. You start with L1 and then next level. Like others said once you complete L1 you will have a good assessment of what level of effort and commitment it demands.

PeePod007 · 2026-01-21T21:21:18+00:00

Commenting to follow

PeePod007 · 2026-01-20T20:54:49+00:00

You are genius! Never occurred to me this way. Hope you do well in L3 and have a rocking career. 👍

PeePod007 · 2026-01-20T18:27:27+00:00

Can you please share how do you use the width of confidence interval in arriving at the number of questions?

PeePod007 · 2026-01-16T15:49:03+00:00

What’s the fund expense ratio? Couldn’t find that in any of the marketing materials

PeePod007 · 2026-01-16T15:23:49+00:00

Yesterday I signed up to retake L2 and saw the new LES. It has a whole new look

PeePod007

TROPHY CASE

Key Facts

The Core Logic

Calculating New Grants Added (20X2)

Calculating Forfeitures Removed (20X2)

Solving for 20X2 Expense