This is my first post here. I have been studying for 3 months now, and was doing pretty well on the EOCs until I got to pensions. I honestly don’t know what the h*** is going on in this reading.
I have watched the Schweser video, read the chapter from SchweserNotes and the curriculum, but I just couldn’t do these EOC’s correctly. I have reviewed the answers now, but I still have zero confidence in my ability to get even 1 or 2 questions right if a vignette shows up on the real exam.
Is there any advice you guys can give? How did you handle this topic? How are you doing on the EOCs? Are they just particularly difficult for this reading? I am pretty fluent in accounting so I wouldn’t put it down to a weak background either.
Please please respond. I would really appreciate some sincere advice especially from people who have studies this material already for June 2013.
Yes…the pension part is really a little bit annoying. When I finished reading that part in SchweserNotes, i could hardly solve any EOC problems.
I’ve heard Schweser is not doing well in this part, but the offical textbook is too difficult to read, so I decided to go over the schweser note again. This time I use flashcards to help me remember formulars and the relationship between different terms. I also tried to calculate the third year pension balance in those examples (Schweser only provides the calculation of the second year, and because it is the second year, there’s some coincident in numbers which could mislead you). And then I go back to EOC problems and I figured them all! I should say Schweser Notes is actually enough for this part, but you really need to read it carefully. And the EOC problems in this chapter are quite tricky.
For the intercorp part, I did the same thing. I use flashcards to help me remember those annoying “available for sale” or “held for trading”.
The schweser notes are particularly bad for pensions. It almost seems like they weren’t quite sure how to structure the reading following the recent changes.
I’d recommend skimming the CFAI text for the bits that are hazy and making flashcards.
I think the whole FRA section can suck a D. The only thing keeping me going through it is that there’s no accounting on level 3 lol. Or so I’m told anyway. Plus if I pass and get my level 2 expense check, I’ll reward myself with a nice shiny watch
Okay, I reviewed it…honestly not as bad as I thought. I think because I was familiar with the rules already from Schweser, and glossing over the CFAI text. There are some tricks yes, but to me it all makes sense. One thing though, it took me too long to answer the questions…but I still have a few months to speed up.
Does Schweser cover all the FRA topics for L2? I’m curious as I’m taking a seminar through the university, and it uses the professors notes in supplement to schweser. there were definately topics covered at lecture that I never saw in the schweser readings. Ie. fair value differentials (or did I just miss that part?)
