Crazy Practice Questions practice, statements, something, speaking, following

Viceroy

Don't know if anyone else is experiencing this, but lately everytime I talk to people at my work about anything that I've learned in the CFA my mind starts to put together a practice question around it.

I start thinking to myself something like:
Finninja, a CFA level III candidate, is speaking with his manager about the proper presentation methods for GIPS in fixed income accounts. Finninja makes the following statements:

Statement 1: "Currently the proper method for presenting fixed income returns is to use accrual accounting."

Statement 2: "The portfolio must be revalued as of every large cash flow which is defined by the investment manager and presentations for returns must be presented Qtly, but are recommended on a monthly basis.

Finninja is:
A. Incorrect with respect to both statement 1 and statement 2

B. Correct regarding statment 1, but incorrect in regard to statement 2

C. Correct with respect to both statement 1 and statement 2


I don't know, maybe I'm just cracking up, but it's just about everytime. I can't stop doing it!

Colum

B, you have to go monthly now and post 2010 required w/ large CF's.
i am getting humbled by AM sessions lately. we still have a month, but i have a LONG way to go. don't crack up yet... save that for june 5th.