Useless and yet complex topic

CFA Level II
#1

Differences between US GAAP and IFRS… I find these to be very difficult to remember as there’s no logic to apply These are a waste if they appear on exam because - you can easily find out the difference using a handbook… no analysis is needed. How are you guys remembering these?

#2

maybe flashcards would help?

#3

In that case, most of the exam is useless, as I don’t know of any real life job that requires you to memorize long formulas…just look it up in real life.

#4

What’s the alternative? You have to remember them even if you don’t like them. I find enormous stupidity in using relative valuation and DDM but have to know them “for the exam”

#5

A week or so before the exam, go through and right out all the differences that are important. Then just review your notes every day- should only take 10 minutes at that point. I find simply writing them down makes them easier to remember.

#6

thanks guys… you are correct…revising them frequently is the only option…

#7

RahulMulchandani Wrote: ------------------------------------------------------- > What’s the alternative? You have to remember them > even if you don’t like them. I find enormous > stupidity in using relative valuation and DDM but > have to know them “for the exam” stupidity in using relative valuation and DDM? thats the most ridiculous statement I’ve ever heard

#8

CPAbeatsCFA Wrote: ------------------------------------------------------- > RahulMulchandani Wrote: > -------------------------------------------------- > ----- > > What’s the alternative? You have to remember > them > > even if you don’t like them. I find enormous > > stupidity in using relative valuation and DDM > but > > have to know them “for the exam” > > stupidity in using relative valuation and DDM? > thats the most ridiculous statement I’ve ever > heard Just my personal bias against relative valuation, coz most brokers in India who appear on CNBC India use relative valuation, junking fundamental research. I can give examples galore, that’s why I hate RV, coz it makes these guys lazy! As for DDM, it works well in USA, but it’s a bit irrelevant to the Indian perspective, coz of the cultural differences. Should’ve been more clear. Peace :slight_smile: