Ok I ran through second reading and I still can’t grasp this accounting stuffs…income tax,lease, ifra vs gaap…like wtf. All the other topics I feel comfortable except for this bloody FRA…Any tips on approaching FRA?
keep at it. By exam day you would be like, I can’t belive I used to find this stuff hard… I suggest you use Schweser for FRA. Their examples and explanations are much clearer and they tell you only what you need to know. It is amazing how a third party can write a guide for the exam better than the people who will be conducting the exam. But somehow Schweser pulled it off!!! Taxes tend to scare people the most, but really it is very simple. You pay more tax than you should have, you get an asset. You pay less than you should have, you get a liability… That almost sums up the entire chapter. Now all you gota do is see the specific examples…