mp3bu

In addition to the above, derivatives take time to master.

ba736

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.

Roflnadal

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

dvilayphet

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

random_walker47

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.

Chuckrox

what you need to know about quant is so superficial anyways! dont worry too much

dvilayphet

The middle SS of FRA (covering pensions, multinational operations and intercorpoate investments) is pretty intense. Take some time getting through it.

ohai

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.

Palantir

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.

SeanWest

wake2000 Wrote:
-------------------------------------------------------
> 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.