I was doing pretty well on Schweser tests, then took Boston. Ouch. Like Lieb, I thought it was not that straightforward. No doubt I blew a couple, and I will take my medicine on those, but a few things pissed me off - spoiler alert: specific questions discussed below. 1) Corp finance: “Airliner”? Do they mean airplane - anyway that was no big deal. what I missed was that is turned out to be a replacement project, yet they did not specify that in the info. What am I missing? 2) Several answers nested on previous answers. 3) Thanks Schweiser for teaching international FSA with that ridiculous “plug” process. That doesn’t help when you are given only BS. What happened to the "exposure x (ending rate - Beginining rate) formula? That would have saved me a couple if I had memorized that instead. 4) Quant and FI were crazy easy, PM a bit tough. 5) Got whipped by a couple of questions I swear I have never seen before. I gacked it, no doubt, especially after reviewing some of my answers. But the way the questions were written, if the test is similar this year (I am a repeat offender, so I have an idea of the actual test), then I will go down again.
The CFA has to do a better job at wording than teh BSAS. Some of those questions, when referring to what someone said, the questions was referring to the wrong person. Example, Mr. Hamed was talking to a co-worker. The co-worker said: Statement 1 and Statement 2. The question asked which statement of Mr Hamed is correct. I guess I should have answered neither b/c Mr. Hamed didn’t make the statements.
so BSAS has not updated their paper to go and reflect on the new changes to the curriculum. In no where in the text does it specify about being able to do the adjustments based on the “flow” and “holding” effect (which was 2008 material).