Lvl 1 Dec test....realistic?? question, everyone, december

Ionutzakis

Hi everyone,

been lurking here for awhile but this is my first post. got a question and see what you guys think.

so i'm really thinking about taking the lvl 1 exam this december, and i know it's already mid-august, so i'll only have 3.5 months left to study for it. while that alone i feel is enough time if i really put my head down, i will also be travelling out of the country twice before then.

both times internationally to visit family, once for an extended weekend end of oct, and then another trip for about 1.5 weeks during thanksgiving, and i'll be returning to the US right before dec, so that gives me one week back here before the exam.

i know i will have time when i'm travelling, but what are your guys take just in terms of being mentally prepared, getting enough rest, etc?

thoughts appreciated.

Wendy01

hey - i am a CPA and did L1 in Dec 2009. I started my studies in late August and passed with flying colors.

If you have an accounting background, L1 is heavily stacked in your favor - its really "accounting 101" type concepts on there.

L2 accounting is tougher (consolidation/investments, pension accounting, f/x accounting) but you will still have a big leg up.

If you have a strong accounting background, and can give it plenty of time to study, then L1 in December is very doable.

For L1, i relied heavily on schweser notes, Q-bank, and secret sauce for what its worth. Since you are starting a little later than others, i'd advise staying away from the CFAI curriculum, will take too long to get through it.

parott

Why not? You've done Finance beforehand so you'll be fine. I've done one unit of Accounting and I'm sitting the CFA in December.

svgleeson

guyzz...its d same condition here...m a Bachelor in commerce and MBA in Finance ..n have not started studies yet...m lukin forward for dec 2011 L1..so wil i b able to do it...i knw it would b possible but then i am working full time for 8hrs ..so with the remaining hrs wil it b poss...need your advice.....

cv4cfa

Don't do it!!! Not enough time!!! Take the June 2012 exam. Allow 6 weeks for review. For the June exam that review start date would be Saturday April 21st 42 days before the exam.

W

joehogue

The exam is on Dec. 3 or 4th...

willsucceed

Canadian_Accountant Wrote:
-------------------------------------------------------
> nightkhan Wrote:
> --------------------------------------------------
> -----
> > thanks for your guys input.
> >
> > dec 6 it is...good bye $720!!
>
>
> It will be a definite good bye to your money if
> you show up to write Dec. 6th

Disagree very doable in this time frame. Just gotta be diligent and start asap.

pimpineasy

nightkhan Wrote:
-------------------------------------------------------
> thanks for your guys input.
>
> dec 6 it is...good bye $720!!


It will be a definite good bye to your money if you show up to write Dec. 6th

WarrenB1

with the acctg background, its very doable.

liquidity

How did you only pay $720? Don't you have to pay the enrollment fee as well?



Edited 1 time(s). Last edit at Tuesday, August 16, 2011 at 04:27PM by jordanwang07.