CFA Membership

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KENIGEL

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Hi,
I am an accountant, have been all my life. Recenly completed the L3 exam and wanted to see how other accountants have gone about the wording of their experience, given the criteria for same.
My experience is in hedge fund auditing, private equity fund administration, hedge fund administration and financial statement audits.
I would be grateful for any related feedback/comments.
Thank you.
 
You need to state that your accounting has contributed to the investment decision making process and that your analysis was independent in nature.
 
Please keep us updated. Hopefully, I will be in a similar situation this time next year.
 
Thanks for the reply. This is where my wires cross at times. I am not sure how greatly involved in the decision making they consider you to be when you are really the administrator. Theoretically one could say you contributed to the decision making process, as you provided the unfudned report deatil to the manager so he/she could see the remaining commitment and thus base his/her investment decision on that basis.
But I am not entirely sure how CFAI would view that vis-a-vis their experience requirements.
 
CF-eh wrote:You need to state that your accounting has contributed to the investment decision making process and that your analysis was independent in nature.
Click to expand...
It’s even better when you state it if it’s true.
 
I’m also an accountant, and I got mine approved.
Are you in audit, tax, or financial reporting? Or something else, like internal audit? (I’m primarily tax.)
 
S2000magician wrote:
CF-eh wrote:You need to state that your accounting has contributed to the investment decision making process and that your analysis was independent in nature.
Click to expand...
It’s even better when you state it if it’s true.
Click to expand...
The truth is very abstract.
 
I used to be in audit. Mostly financial reporting now at a fund administrator.
 
^It qualifies. Read CFAI’s definition to see what qualifies.
“at least 50% of your time should be spent directly involved in the investment decision-making progress OR PRODUCING A WORK PRODUCT THAT INFORMS OR ADDS VALUE TO THAT PROCESS”
Even if it’s a small- or closely-held business, it still counts.
Doesn’t auditing/preparing financial statements inform or add value to the decision making process?
 
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