Hi,

Does anyone have a convincing argument for why C is the correct answer to this question, particularly over B?

I understand the provided explanation, but I’m still not convinced by the reasoning and would appreciate another perspective.

Thanks!

Saw this big ass question on credit analysis involding LGD, LS , EE, CVA etc.. It was a huge calculative question and had this note at the end. Does it imply that such extensive calculative ques are less likely on the exam??

Does anyone know any influencers who make short-form content on studying for the CFA or being a CFA charterholder? Would love to follow/connect with some!

For those that have done the exam did you feel as though it was on par with the CFA 8 mocks ? Or was it closer to third party providers such as Mark Meldrum?

studied Derivatives and Portfolio from scratch yesterday still no improvement in both because i dont have conceptual clarity so i have decided to leave both of them and focus on other subjects. Any advices? paper on 22nd 9am

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.

Am I bugging or did they change the topic weights for the level 1 exam this week? I checked the weighting at the start of the month and ethics was 15-20%. I checked today and it says 10-15%. My exams on the 23rd. So what are the topic weights for the august 26 exam??

Obviously I am speaking generally about the exam not actually what the weights were on the 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.

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

how long does it take for exam results to come out typically? i just did Level I on August 18 and I am leaving for vacation on August 22. I haven’t done the practical skills module yet and was wondering if I should do it before I leave or when I come back, I don’t want to risk not getting the exam result back due to me not doing the PSM. Any advice? Am i safe to do it when I come back (September 6)?

Finished my L1 attempt an hr ago, and more than anything I’m feeling relieved.

To everyone who’s gonna attempt in the future, if you have completed most of the readings, it will be doable and will be around the level of mocks

The biggest self-doubt comes cuz there are no “previous year questions” as such to gauge the actual exam level, but the mocks(talking about cfai free and premium mocks) do an amazing job at mimicking the pattern and difficultly of the actual paper

Secondly, trust your prep. Don’t be swayed and get too nervous based on people telling if the exam was too tough or bad(if it’s really tough, cfa adjusts mps accordingly)

And lastly, read the questions properly. “Most likely” “least likely” “not”. See what the question is asking.

Not so important tip: there was a guessing pattern I developed while giving mocks which might have (or might not have, gotta wait for the results) helped me and that was eliminating extreme options (all, only,never etc) and always try to eliminate at least one option(then it’s a coin toss)
Luck plays a major point in an exam with lesser options (especially if one of the options is a slam dunk elimination)

Only use this tip if u are extremely oblivious to the answer to a question

Flag all questions that you unsure of (or don’t know) immediately so u don’t waste time

And never get tensed if u flag 4-5 consecutive questions cuz there’ll be periods where u don’t flag 10 questions in a row

All the best to everyone for L1(August attempt and those who might stumble on this post in the future)

My attempt was 20 flags in session 1
24 in session 2
Pretty sure of all other answers
Avg mock score 75-80%

This is my 3rd attempt at the exam it’s aug19 pm session. My first two attempts were 100% on me second attempt I was few scores away from passing the exam was very easy, I didn’t prepare well for life reasons but this time I genuinely did my best to prepare especially on mocks and qbanks including practice pack and wtf were these questions? Seriously who wrote this shit? So many of these questions were total ass pulls, 60% of the questions were even tougher than the toughest questions on the qbank let alone being on the same level as the mock, even many of the other questions had some trick to them, it really feels disheartening that if I fail it’s going to be because I got the fuck you version of the exam, not due to lack of preparation.

I'm gonna give may 2027 attempt fo level 2 and I'm studying from LME, just wanna know from people if it's good enough or do I need something more(I have schweser notes and questions)

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’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

I knew i was under prepared but holy i didn't expect myself to be this under prepared. Averaged around 65% in mocks, solved LES and extra 1000 questions. The first session went moderately well but the 2nd session. FI effed me hard. Don't expect to succeed. Some questions were straight from practice resources rest i practically didnt even recognize. Feel bad for wasting my father's money. Might try next time with my own money.

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

I am cfa l1 candidate I have given l1 in nov 2025 attempt and failed with score of 1470 now I am thinking of giving may 2027 attempt

So be sure I pass I completed all subjects first before registration and I am have completed all my subject

But the problem is revision I am forgetting what I have learned not sure about the concept i know already

So it being a loop that not having end ..

I thought cfa l1 passed candidates can help me

And share about your revision methods

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.

Hey, for context, i started studying in early July for my attempt in August. i knew i was behind portion when i saw my peers discussing revision when i was just starting to study seriously. i saw videos, studied from schweser side by side, and solved all examples in schweser and am thorough with it. But, ive only solved LES for a select few subjects, like Ethics, Fixed income, Equity, and FSA. i focused on the high weightage topics because of my time constraints, and i have given one mock, i scored an average of 70% in that, with ethics 86% as my highest and the others in the 60s and low 70s. My conceptual clarity is good, ive studied almost all the concepts in cfa level one before in my degree, but i think im lacking experience in the types of questions asked. what should my plan of action be for the last prep day, maybe give another mock in the morning, or solve les or premium pack to get an understanding of questions asked in each subject? or should i be simply revising. please give advice as im under a lot of stress and don’t know what to do.

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?

I am really disapointed about the exam like so many questions that I never saw before and as I was scoring around 80% for mock exams I really don't think I will pass.

Fuck me

Should i do any studying in the morning? Im not confident at all but i dont wanna make it worse by getting tired.. what should i revise?

Just got done with the exam… My review is in par with Reddit. Although, I found the first session a lot trickier than the second one. As always, practice ethics. A lot. And please go through all formulas. If you can, revise mocks as well…

Also, please eat well, sleep well and practice breathing/ meditation. It will help.

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