Is it important to refresh level 1 materials before starting level 2 study??

No, the CFAI materials for level 2 will include everything you need to pass the exam.
 
and if you have enough time, its always good to have a refresher of Level-1
 
Thats true. I dont think its mandatory as well. Well, atleast I did not refresh :)
 
Not at all. In fact it would be a waste of time.
As mentioned above, CFAI books will have all you need to know.
 
Hunzai wrote:
and if you have enough time, its always good to have a refresher of Level-1
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+1
Level I contains some of the basic concepts that being a finance student one must remember for his/her life.
One must ALWAYS know about beta, systematic risk, discount rate, type of markets, type of dividends, types of derivatives, types of ratios, leverage, gearing ratio, sharpe ratio, syndicate financing, underwriting arrangements, hedge funds, treasury stock, matching principle, going concern value, sinking fund, covenants, irr, npv, sunk cost, risk free rate, market indices, market risk premium, covariance, correlation, type 1 error, type 2 error, CAPM, REPOs and so many other small things.
During an interview, If you can’t recall these basic concepts in time then you are doomed. This is why I love my Elan’s Eleventh Hour. Not only that book helped me in my Level I, but it also refreshes my memory for job interviews from time to time.
PS: I know i have deviated a bit from the OP’s question. It is not a requirement to refresh Level I for Level II, but my point is one should remember Level I stuff for life!
 
I’d just jump in but keep the Level 1 books ready in case I need to refresh something along the way..
 
The old stalla site had something called knowledgebank actually which had just enough of what from L1 was to be retained for L2.. Such a shame its all gone now :( They were so very good you know.. I used to refer them back and forth when needed. The ones I remember which was present were mostly from FRA and Equity. The rest all you could start straight away!
But having said that, it can be used as reference. No need to go through it completely, it was a reference card :)
 
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