# Long one but good one for FSA multinationals

1. D 2. D 3. C 4. D 5. B 6. D This may hurt seeing the answers.

I can’t even tolerate reading this whole thing…let alone trying to solve it.

Haha, I doubt many more people will respond.

We forget to 1/x the currency. Crap.

i got the three calculations right and missed the theoretical questions. Very good example though. Help me learn more. Thanks!

Nice question took me 25 mins. Ans = D/D/C/D/D/D A1. 8/0.11 - 10/0.15 = 72.7272 - 66.6667 = 6.0605. Ans = D? A2. Flow Effect -> IS. Option A (Revenue ), B (EBITDA ), C (OE) all out. Goodwill is BS. Ans= D? A3. 250/115 - 300/113 = [2.654867 -2.17391304]/2.17391304= 0.22123882. Ans = C? A4. Holding effects-> BS, Singleton talks abt Assets = correct, Robinson talks abt expense = incorrect. Ans = D? A5. 1.48*1.10 = 1.628 CAD/USD Increases from 1480 to 1628 = Ans = D? A6. Infl data is for 2 yrs only and 1.21*1.22 - 1 is no where close to 1.0. So no Hyperinflation and wrong suggestion on using All Current (we should Ideally use Temporal in HyperInfl) = Ans = D? EDIT: cooool … 5/6 but now I don’t have the capacity left to check why A5 is C and not D

> > A5. > 1.48*1.10 = 1.628 CAD/USD > Increases from 1480 to 1628 = Ans = D? Its because the question states that CAD appreciates and by multiplying 1.48 with 1.1 you are making USD appreciate. I think it must have happened due to fatigue rather than anything else.

Abhi - you are soo correct, I got so tired after the end of this crap vignette that missed such a basic 10th grade question. Fatigue did it to me. 1.48 CAD/USD = 0.67567568 USD/CAD 0.67567568*1.10 = 0.743243248 USD/CAD = 1.345 CAD/USD From: 1000CAD * 0.67567568USD/CAD = 675.67 USD To: 1000CAD * 0.743243248USD/CAD = 743.232 USD I don’t know how I am going to do freaking 10 vignettes in 3 hrs. I am failing this exam, holy sh*t. L1 was so damm easy, all little standalone questions, easy to nail. L2 is an uncontrollable monster.

Dinesh you got it in the bag. I remember schweser questions always took longer than the real thing for level I. Most of my Book 6 tests I used up all my time (or close), while at the real exam I had like almost 20-25 mins left for each section. CFAI is much better at writing questions in my opinion.

I hope we all make it to L3 this year mwvt9. I am so sick and tired of this CFA and want to get done with this (incomplete) mission ASAP.

I hear you. Cramming this into 80 days has not been fun. I am feeling pretty toasty right now.

mwvt9 Wrote: ------------------------------------------------------- > I hear you. Cramming this into 80 days has not > been fun. I am feeling pretty toasty right now. 90 days for me I started 1st March. But I still have the complete SS1 and SS2 to cover. Just ready 16 study session from Schweser.

That is funny we are in the exact same place. I will finish econ tomorrow and then have SS 1 and 2 left. Are you all schweser?

I am a 100% Schweser boy. I plan to do all the CFAI end of chapter questions if I have time. And not thinking of doing Ethics for 15 more days. I need to review Equities/Der/PM which I don’t remember anything now.

Do you have a plan for review? I am trying to figure one out now.

Yes, I am going SS3 to SS18 from QBank. I am on SS8 and that is taking me forever to get done. Plan to take 1 exam probably 30th May or 1st June or is it too late by then? Because last week would be all CFAI exams from their website and nothing else

So you are doing nothing but questions now? When you use the q-bank are you doing immediate feedback and then looking up answers you miss/guess on in schweser or do you wait to the end of the exam for the answers? How many questions are you doing per SS? Sorry to bombard you with questions.

I have started doing the ‘Browse LOS’ option and then going through all the LOS line by line doing the ‘LOS Quiz’ at the end of each LOS Explaination’. Thought I did all the questions for Quant and Econ from QBank, but figured out that I will not be left with any time if you keep going that way. It’s important to cover ALL the topics first and then nail each one of them depthwise. Per SS (For example SS8) has around 100 LOS quiz questions. Though there are total 198 questions in QBank for SS8. We really have less time and work is really brutal thesedays, I hardly get couple of hours to study after work. I am really worried if I will be able to make it on time. Well… Atleast we tried…