Level I

Hi,are there any students from Ghana.i need a study group.. Continue reading

I swear sometimes, I think I know something until I get hit in the head with a question like this:

“Gerri Kocimski, CFA, manages the portfolio of Alfred Tomba. Kocimski sends Tomba a letter requesting an update of Tomba’s financial situation. Tomba declines to answer the update questions but sends a check for $1 million, requesting that it be invested in growth stocks. If growth stocks are not suitable for Tomba according to the information Kocimski has on file, Kocimski should most appropriately: Continue reading

Hey!

So I have been practicing a lot of questions and have been doing a couple of mocks so far. I will do the last mock this Saturday and use Sunday to review it.

Next week I will be working from 9 to 5 monday to friday.

I am curious to know if there is a good review plan for my situation? Like if i can spend 1.5-2 hours next week per day, what should I do?

p.s. I would like to spend time reviewing ethics and reinforcing its concepts but I don”t think it is possible to read the whole book in less than 8 hours? Continue reading

As per the title?

Is it because a cap can restrict price apprecition potential. Therefore using the inverse relationship between higher price and lower volatility can be used to explain the above statement? Continue reading

This may seem like a ridiculous question to some, but can you use the restroom during your test (obviously forfeiting your time while away using the restroom)? Reason being, I always finish each section with about 30 min left and I occasionally have to use the restroom mid test. I’d much rather take 5-10 minutes and take a piss because when I have to take a leak really bad I can’t concentrate. Please spare the responses of “just go before”  as I will try to avoid this problem altogether. Continue reading

Looking for 1 or more people to participate in a weekly study group for the December 2013 level 1 exam in the greater Philadelphia Area.

I’m on the mainline but would be interested in meeting in the city or outer suburbs. Continue reading

I’ve been confused at times with practice questions that seem to contradict my rule that a change in assets has the opposite effect on cash flows as the direction of that change. Can anyone explain why the answer is 495 below?

*question: calc cash paid to suppliers

*info: cogs 500;change inventory (30); change in accounts payable (25)

*My approach: cogs + decrease in inventory - decrease in accounts payable

SO, do you subtract a decrease in inventory b/c cogs is negative???? Continue reading

A locally incorporated subsidiary or investment management division of a larger institution can claim GIPS compliance? I thought it had to be on the firm wide basis? Whats the trick to remember here? Continue reading

Hey Everyone,

In the finishing stretch, should I be pounding away at all the questions in QBank or just the more difficult ones? (Obviously keeping the exam weights in focus). I’m afraid I’ll miss a layup on the exam because I haven’t seen the question before :/

Also, Should I focus on one section at a time, or draw questions from all sections to make it a little more representative of the actual exam.

Thanks in advance for your input! Happy Studying!! Continue reading

Hi there.

I am currently trying to key in the equivalent of this on the HP 12c. The notation that Schweser give for this (in Schweser Mock Exam 1, Vol 1. 2013, PM session, Q99)  for the BA II Plus is:

CF0=0

CF1=$15

F=20

CF2= $20

F=19

Cf3=$1020

F=1

I/Y= 1.44889

CPT NPV = $1,067.27

Continue reading