Studyng for 2015 L2 from 2014 material

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sneha bajpai

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Hi
I am planning to study fr 2015 L2 from 2014 CFA curriculum and only considering the hard copy for referring to changed topics and LOS. Here I am assuming that the topics which are not changed are the same word by word. Correct me if i m wrong..is it totally insane???
 
I would suggest you to glance through the sub topics and compare it from old and new book when you study so that you do not miss anything if a small sub topic has been added.
 
By the way some prep providers like fin quiz and others release comparison of the syllabus
 
Hi Sneha - I appeared for L2 in 2014 and I used ONLY Schweser notes from 2012 (yes 2012). I passed the exam.
However, I would not recommend that as these guys test the newly added section and I missed out on those (Roughly about 15 questions). Those were the sections where I scored <50% (Thank God, it was only two section with lesser weights). Managed to got <70% in rest of the sections which helped me sail through.
My advise: For unchanged section, don’t worry. Just refer to the newly added section from 2015 (Don’t skip it). L2 is more about memorizing tons of formula…so keep repeating wherever you go.
 
You can, but why?
Books come with registration and you dont run the risks of skipping any new LOS or putting time in LOS that are no longer being tested.
 
Yes thanks..i have seen the comparison by irfanullah..bt i jus wanted to cnfrm that the topics they have mentioned as unchanged are they same word to word or their is any possibility of minor changes..neways its gud to compare b4 strting stdyng in case i find major changes i will order new material.
Thank u
 
hey thnks a lot for replyng..so are u vry sure tat i shud nt worry abut the unchanged section(the comparison as put by irfanullah)..it is jus my major concern..fr changed LOS i will definetly stdy frm new material of vital source..
 
If Elan/Schweser says that it’s not changed, then it’s most probable that nothing will be changed.
I used two years old material for L1 and glanced through the changes. Did not face any problem.
And by the way, if they cahnge something they either delete the entire section or add a new one. Minor changes within the LOS are very minimal.
So if you studied the deleted portion, not much of a problem. But please take a good look on what’s added newly.
PS: Don’t go for materials that are very old, like 3 years or more. Might be a problem then. Lots of stuff changed in IFRS and US GAAP then.
 
And by the way anyone from India using Elan.
Damn costly they are… very thanks to the exchange rates. God bless Indian Economy.
 
Thank You Anand..I am just using 2014 material for 2015 exam(one yr old it is)..shudnt b a prob..ya i will b carefull for the additions..Thanks a lot…
 
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