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- 2011-7-11
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2#
发表于 2011-8-26 17:18
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Dear BB,
You need to focus more on Ethical & Professional Standards and FRA. After that come to economics and derivatives. Start one area finish it and then move to the other. As far as economics is concerned, no need to spent your time on the graphs. Just read the chapter, leave out the graphs and focus on the chapter end summaries of Shweser. As far as Derivatives are concerned if you score 50 to 70% in them its fine. For that in spite of focusing how things are done better focus on what is done. Like for covered call and the protective put. Remembering the points in the summary is enough then peeping into what actually is done.
I'd recommend to do ethics reading from Curriculum not the GIPS section. I did the GIPS section from Shweser and the rest of Ethics from Curriculum. For Standards make a flow chart and try to remember the names of the standards it would make a sketch in your mind. Like for first standard which is Professionalism it has four sub parts which could be remembered as KIMM
1. Knowledge of the Law
2. Independence and Objectivity
3. Misrepresentation
4. Misconduct
In this way you can remember the standards. Also when you are reading curriculum about ethics make a quick summary differentiating the recommended and required procedures as straight away lines are asked that whether this is a recommended procedure or not. And One last thing about Ethics mostly about Standard 4,5,6 are tested as they have some standards which overlap with 3,2 and 1. That is the tricky area so read it carefully and retain it.
For FRA make a chart which differentiates the US GAAP and IFRS. It would help you remembering the differences and from Study Session 7 questions can be tested which talk about the framework and qualitative features of the standard setting bodies. Read those chapters carefully and make points. These points would be easy for you to retain at the end and help you in quick revision.
Make sure that you give atleast 3,4 readings to the whole syllabus and organise yourself before the exam. Organizing means that when you give the first reading make bullet points, number out things which could be tested and underline the important lines. If you spent 2 hours giving the first reading to one chapter then the next time you should take 1.5 hours. This would indicate that whether you are getting the things up or not.
Passing the level 1 exam isn't difficult. It requires a scientific approach in making the things simpler for you to retain. Plan your leisure times. Know your motivational drivers. Keep away from pessimistic people. Listen to music and watch funny seasons etc. Rejuvenate yourself. Whatever that has happened is history; just highlight and learn from your mistakes. Study in chunks and divide those chunks over multiple ours. Like I used to study for 20 minutes and then take a break of 10 minutes and the give another 20 minute session.
In case you require any assistance I'm always available.
All the best and Good luck for your next attempt.
Bilal |
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