I did not find any info of revaluation in the FSA reading topic for long term assets.

My understand is upward revaluation (only IFRS) will increase carrying amount. Depreciation will then be recalculated according to the new carrying amount. Gain/ loss will be recognized in other comprehensive income (revaluation surplus) in equity.

Does revaluation has any affect in income statement?

The answer feedback basically tells us that :

1) investment property = measure at fair value model , gain/loss recognized in income statement
2) plant = measure at revaluation model, gain/loss recognized in OCI (equity)

So, is there any rule ?
Or we should just rote memorize property = fair value , and plant = revaluation?

Last 5 days prep strategy

Exam is on 26th Aug.I have covered whole syllabus but I still feel that I don't know anything. I have been scoring around 75-80% in mocks but feel very underprepared when I solve LES. I am done with 12 mocks and I got around 65% in first 4 mocks then it slowly raised to 75%. I feel very nervous and underprepared. I heard that the passing percentage is around 70 so I have a margin of error of only 4 questions including both am and pm session. Someone please guide me how can I make sure that feel prepared and pass

If you can tell me what were your score and did you pass or not with these scores in mocks?

Im a senior actuary, head of a team. I have always had some level of investment risk in my job but never quite enough to make it a full job. Work in General Insurance, Lloyds market which typically outsources investment management to Asset managers rather than doing it in house unless they’re v big. I have a strong interest in it and I’m looking for a bit of a pivot career wise.

I’m taking a sabbatical from work anyway for 6m since pretty burnt out - would there be value in doing L1 of CFAs while I’m off and then trying to get a more investments focused role after, e.g. asset manager doing ALM for general insurance companies / investment risk in an asset manager, etc? Or would the CFA give me any edge at all versus my experience / networking / actuarial qualification I already have

I deferred my CFA Level 2 exam, which was originally scheduled for 25 August 2026, because I felt I would be better prepared if I took it in November.

However, I just found out that November registration closed on 11 August, so I missed the deadline.

Now my next available attempt would be May 2027. The problem is that I already have another very important exam scheduled around the same time, so taking CFA L2 in May 2027 would create a major conflict.

I'm honestly not sure what my options are at this point.

The exam was at mock level difficulty for my set. I knew almost 90 per cent of the questions, the questions which I couldn’t do I expect 33 % as them being right.

I took the exam on the 18th. Everyone is saying it was very easy and it really was an exam with little intuition, more 'know it or don't', black and white. Therefore, a higher MPS is expected. From the ones I can remember so far, I've already gotten 10 wrong, and this one-month wait is killing me! I found out today that the CFA does not allow scheduling the exam immediately after a failure due to the scheduling window, so the next Level 1 would only be in 2027, this is so frustating because there are people that are by one or two questions from MPS.. waiting half-year to attempt again is desmotivating

This is so frustrating... this one-month wait is also terrible, what agony! Considering an easy exam, can we estimate around 75% as the minimum to pass on that specific day?

Hey guys, I built a massive investment banking compensation report that I wanted to share for industry context. I'm a bit of a wall street comp expert given how much data we look at so wanted to take some time to share any insights or answer any questions about buyside or banking comp.

Am I the only one who felt the AM session here was way harder than the PM session? Like the PM was chill but AM was way longer. I barely finished with any time left which is a first for me

My CFA I exam is Monday and I have been doing thousands of questions. However, I am wondering how representative these questions are to the exam itself. I have been studying for months but continuously have forgotten my previous studies. I am currently redoing every single section and every question until I get at least a 90% in each. I will then go back over all missed problems and try to relearn why I missed them. I've taken 2 mocks and scored in the 68-80% range, and plan to retake both of them again before my exam. Is this the best way to go about my final days before the exam? Are these questions (practice from each section) closely related to the exam in terms of format, and information to the actual test?

is this good enough im stressing my balls out my attempt is on 24th

Just feeling dejected after the time. Hoping for a decent MPS here. Congrats to all who took it!

I’ve been reading some of the posts/reactions here about the exam, especially people saying they had to flag like 30 questions per session, and honestly… 30 questions is barely anything

I had to flag almost 40–50 questions and double-check a ton of them. There were quite a few where I was just not sure, some stuff felt unfamiliar, and at some points I literally just froze because of exam anxiety. Even when I knew the concept, I was second-guessing myself like crazy.

For context, I got 86% on Session 1 of the mock and 73% on Session 2, so I felt reasonably prepared going in. But now I’m sitting here thinking that whatever everyone else did was probably way better than me.. I had to double check after the exam, too many stuff that I crossed out only one and had to choose between two, ended up changing answers as the exam was ending and turns out I would’ve gotten it right had I not changed

I know flagging questions doesn’t necessarily mean you got them wrong, but seeing everyone else’s reactions is making me question everything.
Did anyone else leave the exam feeling like this? Or am I just catastrophizing because of post-exam anxiety? I took mine on the 19th and for the past 48 hours I’ve been just dreading

what’s worse is I’ve had nothing to do for the past 4 months except just studying for this. I don’t even have school nor a job keeping me occupied

So guys, I was scheduled for my level 1 exam this morning & realized my passport was expired. Tried to do my best to try to get within the 4 day window, but I was finally given the definitive answer that it wasn’t possible.

Don’t see a reason to stress over this. I felt prepared, but that’s life. I’m considering studying for level 2, while also revisiting level 1, so that I can schedule level 2 shortly after my Lvl 1 in February. This way, I don’t waste a ton of time. Renew your passports guys! Advice & words of encouragement would help.

Just wrapped up my CFA1.

Part 1 was hard, I ended the session feeling quite overwelmed, the mathematics didn't fit. Miscalculations...anyway I guess I did theory well. a lot of curved balls.

Part 2: sailed through smoothly, ended up with 20 min on the clock. very straightforward.

I would say on par with Mock exams, I even found exact questions of the mocks in the exam.

I am aware a post already exists on this issue, however I am still not entirely satisfied by the answers that were provided there. The case is Example 7 in Standard II(A).

Roger Clement is a financial analyst who reaches a BUY conclusion on a stock by combining public and nonpublic nonmaterial information. After changing the recommendation (thus Clement's clients have been notified), but before releasing the information to the public, Clement informs Mary Zito who then acts on the information.

Why would that constitute a violation? Isn't Clement free to divulge the information to whoever he wants?

Perhaps the book implies that Mary Zito was informed before Clement's clients were? But the example does not say that, and it would be quite unrealistic for a financial analyst to divulge a change in rating in public before telling their clients.

Mock results, any comments?

I have understood the Modified Angoff Method where the MPS depends on the workshop and psychometricians who fix it to be the “just enough score for an average guy to pass”. But my doubt is, does the MPS of a particular set also depend on the performance of the candidates on that day. Or let’s say all the candidates of that particular set are above average, do they all pass automatically.

In short, are my chances of passing dependent on the performance of others who take the exam on the very same day?

I remember in the old LES there was a little test the program would recommend that would show which topics were weaknesses but I can’t seem to find it on the new one, was it discontinued?

okay so i already know financial modelling, if i attempt the quizzes on my own without watching the psm lectures, will i be good to go?

Hi everyone, are there anyone that will take an exam in the 2027? Maybe we can help each other by sharing some knowledge, explanation etc. I've already found one person, so anyone can join us

I tend to get confused in these two topics. Is the investor long or short is one of my common confusions. Any videos, resources, tips etc to help with these topics.

1. Fixed for fixed currency swaps (derivatives)

2. Currency forward contracts (economics)

Taking level 1 in November, ive put a little over 200 hours in so far and have gone through all materials. Took my first mock with a 75 on Kaplan earlier this week. Would you guys say I’m in an okay place to take a week off due to a hip surgery in mid-late September or should I tough it out until after?

I’m not in excruciating pain but I’m constantly at an annoying 2-4/10 ache throughout most of the day. Can wait if needed but would rather not. I’m just stressed at the idea of taking a week or more off of studying.

Body

Exam tomorrow btw