标题: Most difficult LOS's [打印本页] 作者: bapswarrior 时间: 2011-9-9 17:36 标题: Most difficult LOS's
Can any one list down the most difficult to study LOS's in Level 2作者: RoastBeef 时间: 2011-9-9 17:45
difficult is relative作者: stalkey 时间: 2011-9-9 17:49
Quant is rough, IMO. Aside from memorization of pension accting and intercorporate investmentments I didn't find any particular topic that difficult. Howeever, the challenge lies in the vastness of information and time it takes to get a firm grasp of all the concepts, in addition to questions posed in vignette format which adds another layer of difficulty. Given 5-6 months of consistent study you'll have reasonable shot at passing. I put in about three solid months and feel 50-50 on chances of passing, had I started earlier I'd feel quite confident. Put in the time, don't get bogged down, and do all CFAI EOC questions, several time for key areas.作者: HuskyGrad2010 时间: 2011-9-9 17:54
I found the following difficult:
-Time series analysis in quant (only b/c I didn't feel it was worth memorizing the vast amount of info for at most 6 questions on the exam!)
-Exchange rate topics in economics (esp. triangular arbitrage)
Everything else wasn't that difficult after you put in enough time. The two topics I spent the most time on though were pensions and intercorp investments in FRA just b/c FRA was so heavily weighted in the exam and you were sure to see these topics on the exam.作者: Kapie 时间: 2011-9-9 17:58
derivatives, imo. time series is easy once you have a good set of notes to work off.作者: anshultongia 时间: 2011-9-9 18:03
currency swaps are nasty cousins.作者: lunarfollies 时间: 2011-9-9 18:08
Study Sessions 1-18作者: RoastBeef 时间: 2011-9-9 18:12
convertible bonds can be a pain作者: JonnyKay 时间: 2011-9-9 18:17
my opinions:
-time series in Quants
-intercompany investment in FSA
-earnings quality
-derivatives, eg: swap, swaption
-CMO
in fact, actually really many difficulities~作者: needhelp1700 时间: 2011-9-9 18:21
i think many topics might seem easy at first, and you might even cruise through the readings, but one you start solving problems, either in EOCs or in the mocks, you'll realize there's a lot more depth to it than just looking at some definition and mugging up a formula作者: mp3bu 时间: 2011-9-9 18:26
In addition to the above, derivatives take time to master.作者: ba736 时间: 2011-9-9 18:30
It really depends on what your background is going into the exam. Personally, I struggled the most with derivatives, pension accounting, and accounting for foreign subsidiaries (current method, temporal method, and adjusting for hyperinflation). It seems like anything where there is a clear distinction between IFRS and US GAAP accounting was a pain to keep everything straight.作者: Roflnadal 时间: 2011-9-9 18:35
I had all the swaps down cold but still couldn't manage to answer a single question correctly when doing interest rate swaps in different currencies, there just seemed to be too many moving parts作者: dvilayphet 时间: 2011-9-9 18:44
i believe the most difficult vary depend on individual background & interest
some people said derivative is tough, but i found it quite ok to me
i spend lesser time in ethics, probably i found that no matter how much effort i put in, my score in this subject is still maintain at an optimal level, hardly improve from this, and you can never be very sure & confidence you are getting the right answer in the exam, relatively compare to others subject
AI has the lowest examable value to me, the material that you need to study is wide, not easy to digest, various topics likes commodity, property, private equity, hedge fund... need to cover, and yet it has only one vignette
i like economy, so i dont have pressure to study it even though is only 1 vig
QM is scorable, as long as they dont ask so many question on time series
& to pass, we must make sure we cover FRA and Equity well, coz these 2 add up can be 10 vignettes, 50% of the exam marks, i doubt someone can pass if he did poorly in these 2 subjects作者: random_walker47 时间: 2011-9-9 19:02
Well I went through *reading* 11 and I feel like most of it was pretty simple. I didn't quite grasp the ANOVA stuff as well as I did the other stuff, but I get the general idea.
Reading the blue box examples is very helpful to clear things up.
Edited 1 time(s). Last edit at Saturday, August 20, 2011 at 09:55AM by 99 cannon sloop.作者: Chuckrox 时间: 2011-9-9 19:16
what you need to know about quant is so superficial anyways! dont worry too much作者: dvilayphet 时间: 2011-9-9 19:25
The middle SS of FRA (covering pensions, multinational operations and intercorpoate investments) is pretty intense. Take some time getting through it.作者: ohai 时间: 2011-9-9 19:30
I don't mean to turn this into my personal blog, but I think the suggestion of just lightly reading over quant was a good idea. I barely understood what the heck I was reading actually going through the chapter on time series (R13). So I went straight to the end of chapter summary and questions and I understood it all perfectly after that.
I'm starting to wonder if I'd by saving time with Schweser or something like that to help me understand the readings better.作者: Palantir 时间: 2011-9-9 19:35
Just dont give up.
From my experiences from L1, to materials I found hard to digest at the first time, re read it after a while may work better, because you have a bufferint for reflection. This method works as well in my financial reporting class. Of course it's not recommended for people lacking of time for prepartion, but im sure you are not among those.作者: SeanWest 时间: 2011-9-9 19:39
wake2000 Wrote:
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> currency swaps are nasty cousins.
+1. Freaking currency swaps are the worst. Nothing like trying to answer one of thoes questions on the pM session after your brain is already fried.作者: xilinx_altera 时间: 2011-9-9 19:44
Equities: inflation forcasting together with Residual income valuation approach is hard.
long process, multistep calculations, messing up 1 small calculation can screw you up
corporate finance: replacement project NPV valuation;
long process, many factors to be taken into account: depretiation, ending value, selling value etc. again, messing up 1 step will get you no where.
FRA: translation and remeasurement in hyperinflationary economy for cash and non-cash items
