Ethics Study Strategy? studying, through, ethics, guides

ramdabom

Hey guys,

For those who've done it, what strategy did you take in studying ethics? I am through my review of the "other" stuff and per others' recommendation saved ethics for last so I didn't forget it all closer to the test.

I will study out of the CFA cirriculum as opposed to Elan guides that I used for other stuff, but is it simply read through and try to digest? Did you take notes? Just trying to devise a plan of attack and wondering if anyone had a method that worked well for these "wordy" topics.

Any help appreciated, thanks!

comp_sci_kid

Thanks for the tips, mohammad.belaal

king_kong

I scored above 70 in ethics by simply reading it through CFAI textbooks only 1st two chapters and the rest 2 (GIPS) from Shweser. The first three standards are wide and not that much tricky but from standard 4 to 6, they are tricky. Read and understand the examples well and make a summary when you read from ethics. Separate Recommended procedures and required procedures, they have a higher probability of being tested straight away. I made a chart of all standards and remembered their first letter as a proxy of the standard. For instance KIMM in Professionalism. K: Knowledge of the law, I: Independence & Objectivity, M: Misrepresentation, M: Misconduct. In this way you can remember the standards. Last but not the least practice well especially the EOC questions and examples. The questions are rare so fight with them and try to learn from them the maximum.

sabre

Hi all, is that pdf still up on the CFA site? Couldn't seem to find it.

LPoulin133

thats pretty much it....straight EOC and Code questions are best

Analti_Calte

Ok, so don't worry about memorizing numbers. Cool, thanks. What are good sources for practice? Obviously EOC, I don't think I have any Elan questions. Also found the pdf of 50 or so Ethics questions on the CFA website. Any other good sources?

Thanks for your help guys!

Palantir

thanks for the backup bhabib

troymo

you DONT need to know the numbers

Houjichasan

Hank I don't think you have to know the numbers...can you back that up?

SkipE99

You'll need to know the numbers (is it a violation of Standard III or IV). Also play very close attention to the nuances and examples in the CFA books.

On the actual exam, you're going to see questions that draw really fine lines between two standards, and you have to identify which is the more applicable. For example, you know it's a violation, and you know it pertains to both III and IV, but you have to choose and it's difficult.