InsidersChoice to The Candidate's Study Guide 2012 Level II (CFA) Chartered Financial Analyst

Full description

The purpose of this CFA Candidate’s Guide is to give you the information and practice required to pass the CFA Level I exam.  It is the first in a series of three exams, in addition to industry experience, needed to obtain the CFA designation.  Once you have passed the CFA Level I exam, you are considered to have mastered the basics and the general breadth, but not the depth, of the information necessary to function as an analyst in today’s global economy. 

The Candidate’s Guide Tutorials provides two main sections for each Study Session:

1. Book / eBook CFA Curriculum, including Concept Checks

2. Self Help and Interactive Exam Study Aids

You begin your studies with the CFA Curriculum on Page 1.  Continue your studies page-by-page; the learning outcome statements (LOS) have been re-ordered, where necessary, to make learning more intuitive than in the CFA Institute’s Study Guide.  Our concise writing style minimizes learning time, and there are numerous Examples to help you master every LOS.  Study Guide command words are boldface in the LOS title; the examiners expect that your knowledge reflects the command word.

It is suggested that you first read the Learning Outcome Statements to get familiar with the section, and answer the Concept Check Questions provided within the program to determine your weakest topics. 

Each Specific Study Session question database consists of 70+ multiple choice questions with a level of difficulty and design similar to those on the CFA examination itself.  Allow 60 minutes to complete each Adaptive Exam (90 seconds per question).  Adaptive Exam questions are unique to The Candidate’s Guide Tutorials, so if you have also purchased other Level I Mock Exams (Morning or Afternoon Sessions) rest assured that our Adaptive Exam questions will not be repeated there.

Concept Checks complete each Reading Assignment and they consist of questions to reinforce your knowledge.  Answers to Concept Check questions are at the end of each Study Session.

Your comments are welcome at anytime at support@financialexams.com :

Publishing high-quality learning tools is our business, but errors can slip through.  If you think you have found one, please use the Error Reporting Form at www.financialexams.com or www.cfaexams.com.  Errors with their corrections will be posted on our website.  We will send an e-mail message to you whenever new corrections are posted.

Practice Questions and Answers

After reviewing more intensely the Learning Outcome Statements, use the FinancialExams Quizzer testing engine to solidify what you have learned and to prepare you for rigors of taking and passing the exam. 

In the early 1990’s we pioneered computer certification test engines for the IT industry, which were later incorporated into the exam prep manuals of major computer book publishers such as McGraw-Hill and Wiley. We also developed the adaptive testing software now used in preparing for the GMAT, LSAT and other exams. We have taken that same proven, user-friendly software and applied it to helping you practice, practice, practice to pass the CFA exam your first time.

Our Practice Exams are designed to save you precious time by quickly identifying your weakest knowledge areas so you can allocate your available study time to getting those areas up to a passing level.

Our Simulated Exams—lasting the same number of hours and including the same number of questions as the real CFA exam—are designed to give you the confidence and endurance for the real thing.

The FinancialExams Quizzer generates randomized practice exams and simulated exams drawn from a database of 3000+ questions. Additionally, the database includes a glossary of 2100+ financial terms presented as fill-in-the-blank questions. You may choose to tests from 10 major Exam Topics or from 18 Study Sessions corresponding to the 18 CFA Level 1 Learning Outcome Statements (LOS).

Available in both CD or online downloads, our FinancialExams Quizzer offers you four helpful testing formats:

1) Adaptive Exams generates 44-55 questions in 1-hour sessions to help you identify your strengths and weaknesses in  each exam category. You save hours by then focusing your available study time on bringing your weakest knowledge areas up to a passing level.

We recommend that you start by taking three adaptive exams, which include questions from all exam categories and different levels of difficulty. Our software keeps track of how you perform and develops a Historical Analysis, which visually shows you exactly how you are scoring in each exam category. When you reach a passing level in a particular topic or LOS, then you can allocate your study time to those areas you need to strengthen. The Historical Analysis keeps track of all of your practice tests and lets you  see your progress on a day-by-day basis. It offers visual proof throughout your study process that you are retaining what you are learning.

2) Study Sessions help strengthen your weakest knowledge areas by generating up to 250 questions per exam category until you can answer each correctly. We go beyond simple answers by giving you thorough explanations that are linked to a page number reference to the relevant CFA Institute assigned reading  and to specific chapters in an accompanying eBook study manual. We help you develop a complete understanding of why an answer is correct. We also help you solve all of the questions pertaining to mathematical formulas by walking you through them step by step. By focusing primarily on your rough spots, we guarantee to get you certified fast—guaranteed or get money back on your purchase.

3) Simulated Exams are timed 6-hour exams with a 1.5-hour break and comprised of 240 questions about all of the exam categories—just like the real CFA exam.  As you finish each automatically ending exam, the software displays for comparison your score in each category and the passing score required by CFA. You may review each question that you answered incorrectly, display the correct answer, identify a learning resource, link to a specific chapter in an accompanying eBook for further explanation. Note: You can limit your time to 3 hours if you wish and get a Mock Exam of 120 questions.

Our simulated exams are designed to look and feel just like the real CFA exam. You have the same number of questions from the same exam categories that you will cover on the real exam. Each question is timed, with a clock ticking in the corner of your monitor, putting pressure on you just like the real exam. After each exam, you can monitor your performance by comparing your score to the required CFA exam passing score. You can then check your Historical Analysis to see exactly where you might need to go back and spend more time on a specific exam category.

The software continuously randomizes all questions so you will never take the same exam twice.  Our software also automatically tosses out questions that you have answered correctly, and continues to feed you the types of questions your have missed until you get them right. Again, we help you focus on what you need to learn rather than what you already know.

4) Flash Card Drills present questions to answer mentally and then allow you to click F4 to display the correct answer. You can also create your own portable flash card questions by printing directly from the test engine software.

In Summary:

Our FinancialExams Quizzer offers you these valuable, time-saving testing benefits:

·        3000+ unique Multiple Choice Questions with detailed explanations

·        2100 Financial Terminology Evaluation Questions presented in fill-in-the-blank format

·        4 study modes: Adaptive Exams, Study Sessions, Simulated Exams, and Flash Cards (see above for details)

·        Ability to print a personal exam with or without correct answers:

·        Hyperlinks from each question and answer to relevant chapters in an accompanying eBook for a full explanation of correct answers

·        Hyperlinks to page number references of the relevant CFA Institute Assigned Readings for further explanation of correct answers

·        Adaptive test engine that tracks your correct and incorrect answers and continues to feed you questions in your weakest knowledge areas until you get them right

·        Full Simulated 6-hour exams and 3-hour Mock Exams randomly generated by the test engine

Email support on any question you may have by CFA charter holders and instructors, who have written all of these study materials