How to Become Awesome at Answering CFA Level III Essay.
Essay format: CFA throws another curve-ball at its Level III candidates with the essay format questions (officially referred to as structured response questions) in the morning session. On the bright side, the afternoon session is still vignettes and item-set questions, just like Level II.
Question Paper, Answers and Examiners Comments. Financial Analysis Questions, Answers and Examiners’ Comments LEVEL 5 DIPLOMA IN CREDIT MANAGEMENT JANUARY 2013 Instructions to candidates. 2012 2011 Current Ratio 1.46 1.28 Acid Test 1.37 1.17 The ratios should be described. Comments should be then made about the comparison.
The unusual part of the Level 3 exam is the morning session, where candidates have to write answers in essay format. The essay format part consists of 8 to 12 questions and each question has two or more sub-parts. Unlike other CFA exams, the curriculum for level III focuses mainly on portfolio management and wealth planning.
CFA level 3 exam is your last hurdle towards the CFA charter. The exam content is built on what you learned in Level 1 and Level 2, with heavy emphasis on portfolio management. CFA Level 3 Curriculum. Half of the exam will involve portfolio management and you can expect in-depth and complex questions.
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Format of the CFA Level 1 Exam. 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.
CFA Level 3 Essay Grading Question Does anyone know how an essay question will be graded if you get the first question wrong, but all questions after that rely on that incorrect answer? Right now I'm looking at Kaplan V2 Exam 2 Morning Question 6.