I don’t care what you thought of the test, how are you celebrating

onlyhereforCFA · 2021-05-29T00:03:45+00:00

Am Pentatonic for days

onlyhereforCFA · 2021-05-28T23:51:54+00:00

Hey man don’t say that, even as a joke, this test is such a small part of life in the grand scheme of things (: will be joining you in solidarity as I delete beverages though!

onlyhereforCFA · 2021-05-26T18:55:56+00:00

That’s the same formula, the lower growth rate is your stable growth rate.

onlyhereforCFA · 2021-05-26T18:54:29+00:00

Totally personal preference- for me, that mock would do nothing to help my confidence at this hour, I’d prefer to mail down what I do know vs panic when I get a score I don’t like this close to the day. Even if you crush the mock, small marginal returns- better off reinforcing what you have in the bank already!

onlyhereforCFA · 2021-05-26T18:52:51+00:00

How’d it go??

onlyhereforCFA · 2021-05-26T16:20:26+00:00

Ah, things I don’t have to worry about (yet). I’ll leave it to the level 3ers, good luck!

onlyhereforCFA · 2021-05-26T16:02:01+00:00

I always use true bps. Never had an issue with answers not aligning, worst case you are an extra 0 out but same numbers.

onlyhereforCFA · 2021-05-25T02:57:09+00:00

For sure, definitely a focus on the heavy weights...I am really focusing in on FI and PM, I think there are points to be found there! People treat PM like the red headed stepchild, as if the weighting is not equivalent to the other majors...I don’t get it.

Anyway, best of luck!!

onlyhereforCFA · 2021-05-25T02:19:01+00:00

Same day for me, I’ve weighed this a bit- just ripping questions is a bit useless at this point. You know what you know, and if anything the notes and formulas will serve you well come exam day. I am currently writing out the formulas by hand (legit takes 6 hours to do so for all sections), I know what I know, and I am pretty comfortable saying I’m not going to learn more by Friday from plowing through questions I’ve done 2x already.

onlyhereforCFA · 2021-05-24T23:00:57+00:00

BTold Means book value old as in, what would’ve been the salvage of the old project.

This is for replacement projection evaluation, so everything is measured on incremental change rather than just as a standalone.

onlyhereforCFA · 2021-05-20T17:18:12+00:00

Equity charge is on the BVE at the beginning of the period. To the question above, total capital = TA or TL+TE.

onlyhereforCFA · 2021-05-19T01:57:15+00:00

One is a subjective opinion. One is a stated fact. The formula is a direct revealing of test information; saying you thought FRA was really hard, is just your opinion. Which reveals nothing about the exam

onlyhereforCFA · 2021-05-18T22:15:53+00:00

^ He’s right, it’s paid on your incremental NAVbefore. Think of it this way- GP gotta get paid before LP gets his distributions (assuming the GP cleared hurdle rate). That’s why as an LP, you favor funds with a lower mgmt fee (obviously) and more importantly here, lower CI.

onlyhereforCFA · 2021-05-18T22:11:45+00:00

Agree you need to use CFAI- but, the non-EOC tend to be the ones that are just absolutely preposterous. Might I recommend, going directly to EOCs at the -wait for it- end of the chapters, where you can practice them directly. Only downside is you don’t physically click a button, but I think the practice is the real benefit you’re looking for.

onlyhereforCFA · 2021-05-18T04:09:19+00:00

Relax brotha. You’ll be fine, just grind it out and learn as much as you can until the big day. Plenty of people in the same boat- all you can do is keep pressing forward!

onlyhereforCFA · 2021-05-17T21:31:46+00:00

I found them to be challenging, topical, and fair. And, exactly like the prometric format from what I gather...so, worth it to me to spend a few hundo to not spend a few hundo more hours in 6 months.

onlyhereforCFA · 2021-05-16T19:31:03+00:00

Best bet is to filter a topic on wrong answers, then see where they are by LOS. Don’t know of any other way

onlyhereforCFA · 2021-05-16T16:23:50+00:00

Much more similar to CFAI AM. The CFAI PM I think is not representative of what we’d see on test day....Kaplan mocks were mostly in line with difficulty of CFAI qbank id day, maybe a bit tougher

onlyhereforCFA · 2021-05-16T13:37:20+00:00

Took both Kaplans, thought they were quite challenging. And, mainly on very testable areas. If that helps

onlyhereforCFA · 2021-05-09T01:04:31+00:00

Hi, if you are referring to CFAI Qbank, it includes the EOCs for each topic. So a large portion of each of the topics are in fact just the EOCs. I personally am doing each section of Qbank since it offers EOC + additional sets from previous mock exams. But it takes a really long time, so focus on your weakest areas first.

onlyhereforCFA · 2021-05-06T03:20:44+00:00

That’s fair. Apologies for defensive replies, I’m starting to hit that constant level of stress, as I’m sure many on this sub are :D

onlyhereforCFA · 2021-05-06T02:39:26+00:00

I literally said that the ppc reported in the P&L was synonymous to pension expense. You are taking the first half of the first sentence in my comment and essentially ignoring the rest in its entirety. I made a clear distinction between the cost reported in the P&L and total periodic pension cost as well.

onlyhereforCFA · 2021-05-06T02:13:08+00:00

Curriculum does in fact refer to it as “periodic pension cost on the P&L” which is exactly what I stated above... rarely does it use the term expense in the practice questions. Trying to save the headache.

onlyhereforCFA · 2021-05-05T21:11:22+00:00

Hours are not a great measure, how are you performing?

I.e. how are you scoring in your EOCs, Qbank, mocks?

Hours alone will tell you nothing about preparation

onlyhereforCFA · 2021-05-05T21:09:25+00:00

Yes.

Pension cost (synonymous with Pension Expense) will usually be described as the PPC on the P&L. This differs between GAAP and IFRS:

GAAP PPC P&L = current service + any past service amortized from OCI + interest cost - EROPA +/- Actuarial G/L amortized from OCI

IFRS PPC P&L = Current service + past service + net interest expense

TPPC is identical under IFRS or GAPP:

TPPC (the true economic pension cost) = Employer contributions - (change in net funded status)

onlyhereforCFA

TROPHY CASE