Anybody have any tips for undergrad accounting classes that would help with CFA Level II. Accounting cost me a pass this time, and I want to make sure that doesn’t happen again.
College accounting classes tend to focus more on the accounting aspects – the journal entries and such – rather than accounting’s application in securities analysis. I’m not sure you should go for accounting classes, which are geared for people wanting to become accountants primarily.
I owe John Harris for my passing score. >70 for FRA and I must have done much better than 70 because I had a few sections below 50. http://www.accountingworkshops.com/ His workshop goes into enough depth and breadth to nail almost every FRA question. Search the forum and I am sure you will find others who agree with his workshop.
I don’t think taking undergrad accounting class help much in this exam. I hate recommending 3rd party vendor but i took John Harris workshop and scored >70% in FRA. Pro: its easy to understand (better written/taught than other prep providers) teaches you few tricks/shortcuts for few specific types of questions his notes contain many practice problems to drill/reinforce concepts into your brain Con: very very expensive for 2 day course after studying from schweser/CFAI text, I knew FRA was problem area for me. decided to take John Harris and it worked out for me. just my 2 cents.
You can also get a book put out by the CFA institute called International Financial Statement Analysis. It covers all accounting topics since CFA Level I. I used the PDF format and just printed off sections at time so that whenever there was a free moment I would be review them.
+1 for John Harris …even though I got between 50-70 , that made the difference for me.
stingreye Wrote: ------------------------------------------------------- > I owe John Harris for my passing score. >70 for > FRA and I must have done much better than 70 > because I had a few sections below 50. > > http://www.accountingworkshops.com/ > > His workshop goes into enough depth and breadth to > nail almost every FRA question. > > Search the forum and I am sure you will find > others who agree with his workshop. +100 JH is the man. I feel like he should hire me to be a spokesperson or something. I scored <50 in FRA last year, I might have scored a 40 no joke. Went to his workshop and scored a >70 in FRA this year. I averaged an 86 in FRA on the six mocks I took.
+1, +1 for John Harris. I struggled last year with FSA and it cost me a pass, took it this year and destroyed FSA thanks to his class… (althought FSA this year was not as hard as last year’s test in my opinion).
ccs297 Wrote: ------------------------------------------------------- > +1, +1 for John Harris. I struggled last year with > FSA and it cost me a pass, took it this year and > destroyed FSA thanks to his class… (althought > FSA this year was not as hard as last year’s test > in my opinion). I would agree. The CFAI left out a major testable area from FRA and threw in some of that L1 FRA cakewalk stuff. I wasted quite a bit of time in the FRA vignettes last year. This year I was able to finish two of the FRA vignettes in under 5 minutes each. Also, John Harris provides you with his own study materials in a 3 ring complete with a ton of practice vignettes. I only used the CFAI FRA book to solve EOC questions.