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Summary CFA LEVEL 1
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CFA level 1 complete understanding
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sajinreji
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andrew holmes is a professor at Brigham YoungUniversity in provo utah. and The ethics material
is difficult so many people look at this material
especially first time test takers and say look this
is ethical this is material that describes ethical
behavior i am a good person okay i do n't beat my
kids or rob banks okay so therefore i 'm going to
be able to identify ethical versus unethical
material and i'm going to do well on this big
chunk that is 15 percent of the exam at level 1. A
good system also is to keep your ethics book on
your nightstand and as you go to bed each night
spend five or ten minutes reading ethics
reviewing the case studies those types of things.
The material for the main part the big part of your
reading a lot of your study time is devoted to
ethics is going to be the same across all three
levels.
The author warns students that the [UNK] exams
are different from other exams and that they
should not try to memorize their way through the
exam.. HE also advises students to be prepared for
questions that do not look like the examples in
, the videos.. is particularly hard. [UNK] 15% of the
total exam,. This is a significant chunk. [UNK]
will require significant effort to be well-prepared
for this portion of the exam. [UNK] way to
prepare for this is to review the ethics material
before the exam, as well as spend time practicing
with practice exams.. [UNK] material is the same
across all levels, but the difficulty of the
questions may increase as you progress..
At level one we have a little intro thing that we 're
going to do that you do n't see formally at the
other two levels and that is the the idea of a
professional conduct program or how do we
discipline members of cfai or cfa charterholders if
some potential breach has been brought to light.
We'll have 20 or 30 minutes at the end to
introduce idea of global investment performance
standards you 'll get a much more thorough
review of those at level three. The cfa institute
board of governors has responsibility for this
they 're the ones that are going to conduct a
professional conduct review. There is of course
going to be a designated officer that means that
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