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Anyone else thought that Secret Sauce was a waste of time

For level 1 it was okay. But in level 2 i felt that secret sauce doesnt cover much. The level 2 syllabus has a lot of stuff. Everytime I read the chapters I seem to notice new things which I missed before.

I think the Secret Sauce is a great resource, but it isn't the be all and end all.

NO EXCUSES

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banging out EOCs and Stalla Mock Qs...thats been my MO all week.

I'm working the 2010 mock tomorrow front to back and will just pray all day friday

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Better to pound more EOCs than SS...

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not nearly as useful as Level I SS IMO. Good thing I only paid $5 for mine...



Edited 1 time(s). Last edit at Wednesday, June 2, 2010 at 07:40AM by CPAbeatsCFA.

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Well i learned for any of the ratios its best to actually calculate them and never assume anything is the same from the notes. They're to easy to mix up if your rushing.

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That's what I do. Too much to memorize.

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Thanks, i never remember any of the ratio movements, so much easier just to actually translate the ratios.

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The SS mentioned that, for dividends, an investor need to own the shares by the holder of record date in order to receive the divi. There's a thread a little ways down where we discussed that.

The SS said that under the all-current method, translation, that the Current Ratio would change based upon currency app/dep.

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It's good to gloss over. I've noticed several inconsistencies with it compared to the CFAI texts.

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