GIPS question

CFA Level III
#1

Maybe a silly question, but here goes anyway -

Do we actually have to know all of the dates for GIPS, ie before Jan 1 2010 one has to do x but after Jan 1 2010 one has to do y? It seems like a lot to memorize, so wondering if they’re actually tested.

Cheers

#2

MemorizeThat

#3

lol ofcourse

#4

Got any examples from CFAI material showing them testing GIPS dates?

Thanks a lot

#5

I would slap you but your name is epic.

#6

SlapThat

#7

LOL, I’m glad y’all like my handle…

Seriously though, can someone give any proof that they test GIPS dates?

I feel like this is in Level II where they said you have to know all the differences between GAAP and IFRS but as far as I remember there were little if any questions on that.

I have no chance of doing as well as some of the regulars on this forum will do, just trying to make the best use of the 23 days left…

#8

Roll the dice at your own expense. I can’t provide an example but i know i have seen it.

Now what is probably MORE likely is you are given information that is more about applying the current (2012) provisions, but i would not be surprised at all to see some statement about monthly valuations being done in 2005 and you have to say if that is acceptable.

Just learn it.

#9

Got it, thanks

#10

I think there’s a question in Schwesser Volume 1 test 2 pm that includes dates. I didn’t memorize them so I just guessed. It’s really only 1 question out of 60, for the amount of junk that I would heve to put in my head for 1.67% of the test it’s not really worth it to me. I’ll probably only go back and memorize the dates for performance measurement only.

#11

+1