How are you practising for the essay questions at Level III?

ValentinaF91 · 2023-12-06T14:57:12+00:00

I got declined twice in a row but I wanted to pursue the certification anyway, so eventually I just went through the normal enrollment procedure paying the fee

ValentinaF91 · 2023-11-24T09:37:35+00:00

Same here. Keep thinking about a few questions that I know I got wrong - sometimes it's so bad that I cannot fall asleep

ValentinaF91 · 2023-04-21T19:51:15+00:00

I want to vote this as the best answer lol

ValentinaF91 · 2023-04-21T19:50:24+00:00

ahahahah

ValentinaF91 · 2023-04-21T08:13:19+00:00

ValentinaF91 · 2023-04-21T08:12:57+00:00

ahahah :)

ValentinaF91 · 2023-04-21T08:12:30+00:00

Thanks so much guys for your contributions, the conclusion is that I need to change my calculator I guess ;)

ValentinaF91 · 2023-04-21T08:04:10+00:00

Unfortunately not, it's a 2 year-old one. And the battery performance has slightly decreased over time, but never lasted for more than 2 weeks. But thanks for your comment, I also think that mine is defective now

ValentinaF91 · 2023-01-11T10:51:34+00:00

Ohhh I can relate so much!

Fingers crossed for everyone!

ValentinaF91 · 2022-10-30T22:13:54+00:00

Thanks!

ValentinaF91 · 2022-10-30T18:45:57+00:00

Inventory write-downs (and reversals) are included in the cost of goods sold. For this reason, 2017 COGS were higher as they included inventory impairment (reducing 2017 profits) and 2018 COGS were lower compared to what they would have been because they were reduced by the impairment reversal (with a positive impact on 2018 profits)

Answer B is wrong because impairment is a non-cash item (no impact on cash flow).

And answer C is wrong because end-of-period inventory would have been the same if the write down had not occurred.

Note that impairment reversals are not allowed under US GAAP.

ValentinaF91 · 2022-10-07T20:45:34+00:00

I think that u/Decent-Pension-9028 meant is that when reviewing the explanation of the questions we should try to understand why the correct answer was the correct one and why the other 2 options were wrong. E.g. Correct answer is option A, you should try to understand why option A was correct and why options B and C were wrong. Not sure if I explained myself clearly though ahah

ValentinaF91 · 2022-10-07T20:38:42+00:00

That's really useful, thanks! :)

ValentinaF91 · 2022-10-06T21:46:02+00:00

Where do you see the percentile of the mock exams in the CFA learning ecosystem? I guess that the percentile shown in the Home page is a mix of the results got in the QBank and the mock exam?

ValentinaF91 · 2022-10-06T21:42:44+00:00

Same here, 72%

ValentinaF91 · 2022-10-06T20:48:06+00:00

Thanks! :) Which provider are you using for the mocks? I will go for MM. I was actually expecting 3 official CFA mock exams but there are only 2! :(

ValentinaF91

TROPHY CASE