Is the GIPS section of ethics important for the exam?
Everything is important. Yes, you will see GIPS on the exam. Maybe only couple of questions, but they will surely slip it in there. You don’t want not knowing GIPS, which is easy stuff to learn, to be the difference between passing and failing.
Follow these threads to learn about experiences of the people who skipped GIPS. http://www.analystforum.com/phorums/read.php?11,800947,801064#msg-801064 http://www.analystforum.com/phorums/read.php?11,800614,802659#msg-802659 To the best of my knowledge and according to the search results, people who didn’t focus on GIPS repented for not doing so. Also, My opinion is that Ethics is relatively simple. Since its 15 % on the test, try to do multiple readings and it wont take much time to understand. The important part is follow up. You would find it helpful and relieved once you are done. I personally find the ethics section interesting. Well, you have to follow the standards if you are planning on a career in the investments. Good Luck!
Dont worry, I fully intend to read GIPS. I just finished all the ethics crap, and yes, it feels great to be done. Can’t wait to get into the fun stuff.
There were 3 GIPS questions overall in June, IIRC. It’s worth spending some time on in the qbank since it could easily make the difference between <70 and >70 in ethics.
I just did the ethics section at the back of the CFAI text and scored 23/27…off to a good start
I think there were 4 on gips in June, just read it a few times and memorize the numbers and you will be fine
I WAS KILLING ETHICS BEFORE JUNE EXAM, THEN GOT 50-70 IN THE REAL TEST. DO NOT, I REPEAT, DO NOT TAKE ETHICS AS A JOKE
jrbbikerx Wrote: ------------------------------------------------------- > Dont worry, I fully intend to read GIPS. > > I just finished all the ethics crap, and yes, it > feels great to be done. > > Can’t wait to get into the fun stuff. None of it’s fun
I think you should read it over a couple of times, but you shouldn’t get go overboard with GIPS. The regular Ethics stuff is more important. You’ll probably only see 5 GIPS questions on exam day. 3 or 4 you should simply know from doing a lot of practice exams, and that last 1 or 2 will probably be really minute details from GIPS that’s somewhat luck of the draw if you know it or not.