In the last blog post, we covered our first batch of Top Tips for CFA Level 2 Exam Candidates. Hopefully, you read them and have already implemented them successfully. But, now it’s time for another batch of Top Tips that will help you pass the Exam.
- In Financial reporting and analysis focus on types of problems. There are only few concepts presented in detail. Make a list of rules, notes on these types of problems and review it before the exam. Make sure you can solve problems from all the respective topic, because either of them can appear in the exam with quite specific questions.
- Make sure you memorize the mechanics of valuation of various embeded options and debt securities that include option trees – it is easy but you can loose a lot of time trying to remember how ro calculate something using this mechanics.
- Equity section is quite extensive and besides the fact that presents all used equity valuation techniques, it also goes in much detail about all presented techniques. Make sure you know how and when to use each valuation method. On the exam you will have to recognize which valuation method to use and apply all the rules applicable for the specific method. Taking notes and reviewing them before the exam may help a lot.
In case you have some others tips, tricks, advice, please feel free to add them in comments. You will help other candidates and support the CFA community.
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