2013 June Level 1 Review

Guys it wasn’t in the test…I’m 99% sure of it.

But the Schweser mocks do say that.

I could see this being an issue for anyone from the US, but why did it confuse everyone else? I just assume IFRS unless told otherwise since it is an international exam. Having said that, I don’t recall any questions where it would have made a difference AND it wasn’t explicitly stated in the question.

!!! Me neither

I don’t think this affected me anyways. I think I assumed IFRS but I don’t remember the exact questions now. I’m pretty sure I had only one question where I had to assume this though.

Hi all,

Thought the morning was a good bit tougher overall than the afternoon, too. Afterwards, I felt pretty good about the whole experience, and thought the test was straight and fair. As the days pass, though, I’m feeling less and less confident. I hope that’s just a natural reaction to having to wait for results.

The afternoon, though… totally a meta-tricky-mess. Any one question could stand alone just fine, but all I remember thinking over and over again was “Really?! That’s gotta be the answer, but that’s just so weird. They’re totally just trying to mess with our heads here… I hope.”.

Anyhow, I’m glad other folks found it tricky, as well. I guess it’s better to notice the trap and say, “hey, nice trap!”, than to just stumble into it smiley.

Good luck, all!

I think afternoon’s ethics are much harder.

so, guys, after lots of discussions and nervy moments in this thread, wat do you think?MPS slightly below 65 or slightly above 65?

Good luck to you too!

MPS better be 65%

I have been trying to recall too if there were any questions where IFRS/US GAAP made a difference but couldn’t think of anything :S

ok

ok

It sucks we can’t discuss the questions because I can only think of one where IFRS/GAAP did matter. I guessed IFRS anyways but I can’t think of any other questions where this might have an impact.

lalala

I’m pretty sure you’re not meant to mention specifics like this. I’d be more careful if I were you. CFA Institute have been known to frequent these boards.

You are right.

Is this specific or is it broad enough? tbh, I don’t even remember the exact question on the exam. I don’t remember anything and it was only last saturday.

The Schweser notes gave the exact same warning…

300 hours stated that MPS for the last December exams probably was 64-68%. so we can assume same range for this June exam.

In all honesty, do not we know that we cannot predict a passing score? Even if we could we would not be able to determine whether we passed or not as we do not know how many mistakes we actually made on the exam.