Is GIPS tested on CFA Level 1? actually, tested, pretty

cross-ied

GIPS is a pretty long section and I was wondering if GIPS
is actually tested on the CFA Level 1 exam.
Any comments?

koba

Agreed, GIPS is easy, no point skipping it since its 4 - 5 marks in the bag. Don't worry about reading the optional sections, they are above and beyond what you need to know.

marsilni

There around 7-8 concepts you should memorize for GIPS, and you will get 4-5 questions correct.

1) Duration for which compliance is needed
2) Verification encouraged, and if done should be through 3rd party
3) Learn the 8 GIPS sections (names only)
4) Definition of what constitutes a composite
5) How compliance to GIPS should be mentioned........'this report has been ........etc"

eagles_dare13

GIPS questions are direct and easy to answer unlike the other ethics questions.
Why would you waste free points by not studying for GIPS?

dontknow1987

AHAHAHAAH, yeah skips GIPS and see if you pass Level 1

kd26gioi

You could easily pass Level 1 without looking at GIPS. There were like 4 questions max.

Edit: That doesn't mean I recommend that course of action. Just responding to the post above.



Edited 1 time(s). Last edit at Tuesday, June 9, 2009 at 11:23PM by billy22g.

lc26mizzou

what you mean optional?

rgonzalez

The Volume 1 which includes Ethics and Quants has some pages marked as optional reading. In other words, candidates would not be tested from that portion of the material.

thisisbrianly

how is GIPS a long section? 3/4 of the reading is optional

chetan86

Yes, just a small portion of GIPS is tested on L1. Remaining part was optional material.