Insiderschoice to Cfa 2010 Level II Certification

Book excerpt: InsidersChoice To CFA 2010 Level II Certification This comprehensive yet easy to use study guide covers the full CFA Curriculum for Study Sessions 1-18. You should work through the CFA curriculum from the beginning of the book, page by page. To help you master every Learning Outcome Statement (LOS), numerous Examples briefly describe a "Situation" illustrating a problem and then provide a "Comment" that explains how to understand and handle the situation. Multiple choice Concept Check questions at the end of the CFA Candidate Reading Assignments help reinforce your knowledge. The command words are boldface in the LOS title; the examiners expect that your knowledge reflects the command word. After reviewing the Learning Outcome Statements, use the FREE DOWNLOAD of the FinancialExams Quizzer test engine to solidify what you have learned and to prepare you for rigors of taking and passing the exam. The FinancialExams Quizzer generates randomized practice exams and simulated exams drawn from a database of 1000] questions. Additionally, the database includes a glossary of 2100+ financial terms presented as fill-in-the-blank questions. You may choose to test from 10 major Exam Topics or from 18 Study Sessions corresponding to the 18 CFA Level 1 LOS's. The FinancialExams Quizzer download offers you four helpful testing formats: 1) Adaptive Exams generate 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 II in a particular topic or LOS, then you can allocate your study time to those areas you need to strengthen. 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. 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. 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. Authors: Jane Vessey, CFA, is an associate at a leading London financial training company where she teaches courses covering investment management and related topics. She also teaches CFA courses and develops online CFA training programs. David Stewart has extensive experience in venture capital, asset management and valuation, structural reorganization, and private client management.