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Greenman72 wrote:
Each level of the CFA exam is as hard as the entire CPA exam.
FAR isn’t as big of a beast as it first seems. If you can crank through the calculations in Becker, you’ll do fine. The CPA exam generally doesn’t throw curveballs like CFA exam likes to.Wendy wrote: I took a look through the CPA materials and there is some meaty stuff in FAR (or whatever that section is called).
have you forgot level 2 FRA and level 3 portfolio management? probably all of level 3 material is darn hardGreenman72 wrote:
There’s nothing in CFA that’s terribly hard
keeping FRA aside, portfolio management is terribly hard. there is no perfect answer and even a lot of practice doesnt bring you close to perfection which you can attain in other areas..im thinking of those unlimited number of scenario that could show up in behavioral finance and IPS..I’ve tried practicing and it didnt help much as it did in level 2…former trader wrote:
^ Hot hard if you put in the time. The material in an inch deep.
keep your fingers crossed for us thenformer trader wrote:
^ You don’t need to ace it to pass. I did less than decent in the AM L3 session but still passed easily due to a great (and a lot easier) PM session.
OMG, you haven’t got enough with CFA, FRM, and CAIA exams? Respect !Wendy wrote:
Haha, I hope that’s true, as I plan to start tackling the CPA exams this year. . …
Do those that became CPAs before they broke up the exam still have attitude? I sat next to an older CPA, not too old, on an airplane a few years ago. He felt the exam was ruined and “now anybody can pass.”Greenman72 wrote:
Diff between the two - CPA is somewhat more complex. It will test your wits, especially FAR. AUD can be hard if you’ve never worked in auditing, simply because there’s a lot of jargon. REG sucks because it’s all law and tax, and there’s just some rote memorization.
CFA is more a test of your endurance. There’s nothing in CFA that’s terribly hard, but the sheer volume of the material is very daunting, even for the most hardy test-taker. You don’t have that problem with CPA, because the test is broken up into four small pieces.