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This webinar on ‘How to Crack CFA Level 1 Exam’ focuses on the following:
The CFA Level 1 Exam marks your entry into the CFA program. It covers areas like Ethics, Quants, FRA, Corporate Finance, Economics, Equity, Fixed Income, Derivatives, Alt. Assets, Portfolio Management and more. The weightage for each area is spread between 5-15%.
The Level 1 exam has two papers – AM and PM, with MCQs having much lesser risk. There are 120 questions to be completed in 180 minutes. The exam has a nearly 35-40% pass rate. Since there is no hurdle score, you can maximize your chances of clearing the exam by applying common sense on what you know and on what you don’t. The image below shows the falling trend in pass rate, which could be attributed to a rising difficulty level in the exams.
CFA is the gold standard in shaping you career in the international investment industry. Here are some questions that you must ask yourself if you are in doubt about pursuing the CFA program:
Here are some tips that you can follow in order to prepare well for the CFA level 1 exam:
You can crack the CFA Level 1 exam with consistent preparation guided through the Refresher Course, uniquely designed to take care of all your exam-related requirements. Here are the key features of the course:
A Cash Flow Statement provides information about sources and uses of cash of the firm. It provides information to assess firm’s liquidity, solvency and financial flexibility.
All cash flows are classified into the following categories:
Operating cash flow
+Investing cash flow
+ Financing cash flow
= Change in cash balance
+ Beginning cash balance
= Ending cash balance
Cash from Operating Activity (CFO)
CFO stands for cash flows from regular business / incidental transactions.
Cash from Investing Activity (CFI)
CFI stands for cash flows related to acquisition of long term assets + non trade investments.
Cash from Financing Activity (CFF)
CFF stands for cash flows related to capital structure of the organization
Notes to Cash Flow Statement
Here are some important points to keep in mind while preparing the Cash Flow Statement:
Q1. Are there any specific videos to watch for CFA?
Yes, there is a wide variety of free videos on YouTube. The structure of the video has to be good and should cover crucial topics. You might also need hand-holding under an expert’s supervision to follow what is taught in the videos.
Q2. Is CFA Tougher than CA?
Both are two separate courses – CA is an accounting course while CFA is an investment course. Both have some commonalities but are for different audiences.
Q3. Are there any specific tutorials on how to get a hang of financial calculator?
Scientific calculators can be complicated and a burden sometimes; there will be a specific video covering the same as part of our training course.
Q4. In CFA or actuarial science, what is more difficult? What are the job prospects?
Actuarial science is applied extensively insurance and different statistical applications, while CFA is part of finance vertical, inclining more towards commerce. Actuarial science has a niche market with a decent pay package, but the probability of getting a job in CFA is higher. It is also relatively much more difficult than CFA.
Q5. I am not strong at Math, how do I prepare for quant part of CFA?
A good trainer and good,comprehensive and relevant question bank will help you.
You can view the webinar presentation below:
Got a question for us? Please mention them in the comments section and we will get back to you.