How do I prepare for CFA Level 1 FRA?

Our CFA Level 1 FRA Tips

1. Start Early. I know this is a repetitive theme across different sections, but this is key to FRA.
2. Master How the 3 Financial Statements Relate to Each Other.
3. Don’t Skip Around.
4. See This as Value Add to Your Career, Not just for the CFA Exam.

Are practice questions enough for CFA Level 1?

In terms of practice questions, the best sources are the curriculum and the assessments which you can find on the CFA Institute website. While these questions are very good, they may not be sufficient.

Is 300 hours enough for CFA Level 1?

Key Takeaways. Passing the CFA Level I exam, which has a 42% pass rate over the last decade, requires following a solid study plan. Successful Level I candidates spend roughly 300 hours preparing for the exam. The best strategy is to leave at least four months (approximately 17 weeks) to finish all the reading material …

Are all questions in CFA Level 1 MCQ?

The CFA Level 1 Exam consists of 240 multiple-choice questions and is divided into two sessions, with 120 questions asked in the three-hour morning session and 120 in the three-hour afternoon session.

Is CFA good for corporate finance?

The CFA® charter can be useful in a corporate finance career. Corporate finance includes implementing various strategies for corporate investment and increasing shareholder value. The CFA exam covers some corporate finance topics, such as portfolio management, working capital management, and more.

What should I focus on CFA Level 1?

The 3 most important level 1 CFA exam topics are:

• Financial Reporting and Analysis (FRA)*,
• Ethical and Professional Standards (Ethics),
• Ethics,
• Quantitative Methods (QM).

What is the hardest section of CFA Level 1?

CFA exam candidates who take their level 1 exam usually indicate FI, Derivatives, and FRA* to be the most difficult….So, it seems that the 3 hardest level 1 CFA exam topics are:

• Fixed Income (FI),
• Derivative Investments (DI),
• Financial Reporting and Analysis (FRA)*.

Is CFA Level 1 tough?

CFA exams are not easy, and Level 1 is just the start. Commonly cited as one of the world’s hardest exams, CFA Level 1’s difficulty is comparable to a diploma level and gets harder from then on.

How hard is CFA Level 1 FRA?

Not only does the FRA have a 13-17% weighting in the CFA Level 1 exams but FRA can sometimes be weaved into other topic area questions.

What is the most difficult subject in CFA level 1?

Econ is literally the worst – level 1 is known for it. I passed over the 90th in December 2018 and only got 50 in Econ. My point is at level 1 you can afford to have a weak section or even a couple and still pass. My most hated are Ethics, FRA, and quantitative methods (Corp finance is a close one though) FRA was the only topic I found hard.

What topics to study first for CFA level 1?

Reading Material. The CFA Level I exam covers 10 topics,19 study sessions,and 57 readings.

End-of-Chapter Questions. Do not forget end-of-chapter questions,and always write down your results to track your progress.

The Last Four Weeks. After decades of paper-based exams,the CFA exams changed to computer-based as of January 2021.

The Bottom Line.

How to pass the CFA level 1 exam?

Focus on the Curriculum. Every item that appears on the CFA Level 1 exam comes right out of the curriculum provided by the CFA Institute.

Begin Early. Passing a CFA exam requires proficiency in a large,multifaceted body of knowledge.

Prepare Yourself Mentally and Socially.

Study Your Exam Calculator.

Take as Many Practice Exams as You Can.

How many subjects are in CFA level 1?

The table below contains the CFA Level 1 Syllabus of all 10 core topics or subjects along with their CFA exam weightage: As mentioned above, the CFA Level I program comprises 10 different topics or subjects. All the three levels in the CFA course contain the same 10 subjects. Here we have mentioned the in-depth details about the CFA Syllabus .