what core concepts have you found that are missing from the online CFAI tests?

CFA Level II
#1

my plan is to got through all the online practice tests 2-3 times in the next few days

can anyone identify major core concepts that are skipped? I know the FI section is lacking but it seems FRA is also weak on “multinational operations”…

#2

Yes. 1. Multinational operations are almost skipped. I have to practice with Finquiz Qbank and mocks. Finquiz has very good questions on this topic. I guess they might mix Inventory with this reading (i.e throw some ratios and ask us which goes up, which is highest/lowest…etc…under different tranlations method). Gosh, I hate this rule based … 2. There is also one set on pension stuffs. I hoped they would put more. 3. Integration of financial statement analysis techniques. There is one set, if I remember correctly but they skipped some other important sections of the reading (i.e. cf accrual ratios , cf base-aggregate accruals…) . I doubt that they will incorporate questions about financial lease, operating lease with the reading. 4. Corporate finance: merge and acquisition calculations. 5. PM: the 2 last readings (IR, IC, V*…)

#3

Bond with option valuation, Asset backed securitities, Competitive forces, FFO/AFFO, multinational operations, Derivatives, Corporate ethics.

I thought those were poorly covered.

#4

I think the blue boxes in fixed income are the best bet to test how well you’re doing. I think those are the kinds of questions to expect. Reading 42 and 44 are key

#5

^^yeah, id bet there will be a question on the callable/puttable price using binomial tree

#6

Yeah there could be that, they could make the coupon floored or capped. There’s all the conversion material. Reading 42 has some tricky material too. If they do give us 3 item sets on fixed income there’s no shortage of questions to ask. I am putting in the most time on fixed income and FRA the last couple days

#7

Of course the mock exams wouldn’t have all the questions, otherwise what would they test. They probably missed a bit of the topics but I think the mocks still covered quite a bit of the theory.

#8

Multinational Ops probably in real exam…haha!