Corporate Finance quantity of material

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rexthedog

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I know we cannot disclose the number of item sets that come up per topic, but as a first time LII taker can anyone shed any light on Corporate finance?
The book is huge for this, and there appears to be a lot of areas of mastery across the study sessions. It says the range is 5-15%. Are candidates putting a lot of focus on this area for the exam? (Obviously we are putting focus everywhere but you know what I mean)
I read on another article that historically CFA has tended to front load FRA,Equity,Corp FIn & Ethics as their main heavy hitters. Of course this is just conjecture as no one knows but intereste to hear people’s thoughts.
Cheers
 
The whole exam contains 20 cases (10 at AM and 10 at PM). So 5% means 1 case. If corporate finance weight is 5% - 15%, the possible combinations are that only 1 case comes in either AM or PM sessions. Another scenario is that there comes 2 cases, one at each session. And the final scenario where there come 2 cases in AM or PM and 1 case in the other remainning.
Obviously prepare for the worst, know it all; otherwise, you are gambling.
 
If I was a betting man, I’d say there will be two cases. One case will be project valuation. Probably will have to know things like the NPV of the project, initial outlay, replacement cost, ect. The second case would probably be an M&A based questions with pre/post merger values, synergies, take over premiums ect. Probably will have some corporate governance peppered in there as well. A less likely case, but might somehow get thrown in there, would be about share repurchases.
It’s interesting how the material seems so vast, but over time it funnels down to a few big topics.
 
At least Corp. finance cannot be among the most difficult examination areas. I know we are all different but IMO it is not clear to me how someone can understand Fixed Income, Equity, derivatives etc. if cannot be familiar with corp. finance examination mattery. IMO, there is only 1st chapter problematic because you have to learn certain formulas and concepts but practice does the job.
 
I suggest:
- write all topic concepts and formulas on paper notes
- make EOC for entire topics, step by step by reading your notes and applying formulas and concepts
- make all CFAI portal vignette tests related to certain topic, if you cannot remeber formulas or concepts read from notes, doesn’t matter for 1st attempt
- repeat process until you feel you are able to solve without reading your paper notes
- at this point you may start testing second key requirement, if you may solve each vignette within 18 minutes without reading material or hand-wrtitten notes
- do same approach with most of the topics, especially with quantitative areas
 
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