Importance of Income taxes and non current liabilities ?? and comment on my preperation.

CFA Level I FRA
#1

Hey guys ,

I wanted to know how important is the reading on income taxes and non current lia? cause i seem to be finding it hard to get through them or its just that kaplan’s videos suck .(not sure which one )

but i was wondering if i just glimpse through the notes and then jump right into mocks for these 2 readings ?

And as august has started i wanted you guys to share your opinions on if i am lagging or on track of my preperations (in respect to the numbers of months left for the exam ). Dont really have a study group or anyone i know who is preparing for the exam (Bed ridden cause of injury :frowning: )

FRA - completed 8 out of 13 readings

  • Completed micro-economics

  • Completed TVM and disc.cash flow in Quats (did a couple of problems for these )

  • Completed 2 readings on equity analysis

  • Completed 3.5 readings out of 4 in Ethics .

Kindly note , i still have EOC’s and question banks to do .

but if you guys were in my place would you be worried or would be relieved that you are on track ?

Regards,

HedgeFudge

#2

As you already know, FRA makes up a large chunk of the exam, so i would not skip anything in that section. Although the taxes and LT liabilities sections are tough to understand initially, they become easier as you do more and more problems. Don’t skim because you can’t quickly grasp it, work at it and get some questions under your belt.

As far as timing, my suggestion would be to leave yourself at least a month to review and do mocks. Hopefully you meant the CFAI EOC questions (i saved those till my review month too) and not the Schewsier EOC’s (you should do those after every reading).

Qbanks are a great tool to keeping stuff fresh. Make it a habit to mix qbank questions on what you’ve studed so far. For example, mix in a 30 question quiz each study day with questions from equity, ethics, quant, econ, FRA. That way, you retain more info that you studied weeks ago. Keep mixing it up as you go into other sections.