CFA Level 1, June 2013


@irfanahamed irfanahamed Ya, bro dwnldin frm FileSwap, bdw is it 2013 videos for sure coz da Ethics Video is da same as dat of 2012 vich i hav, no doubt dat da portion is still da same 4ethics, jus wntd 2confirm dat dey r 2013 videos???
@mihir.thakkar said:
www.elansguides.com/docs/Los-changes-2012-2013.pdfHop dis helpsirfanahamedirfanahamed Ya, bro dwnldin frm FileSwap, bdw is it 2013 videos for sure coz da Ethics Video n da Quants as well is da same as dat of 2012 vich i hav, no doubt dat da portion is still da same 4ethics, jus wntd 2confirm dat dey r 2013 videos???

any1 frm hyderabad know where do we get cfa material plzz reply

Can anyone suggest what need to be done to get the Printed material from CFA. Is the material will be home delivered or need to get from customs? What are the custom rules for this? Please Advise!!!

A few doubts from a newbie :embarrassed:

How do you enroll for the CFA L1 exam?

What is the fees? How do you pay that? (isn't CFA in America?)

Where is the curriculum/syllabus?

Institutes which provide material - any in delhi? Can we get correspondence material alone?

And this is for the USA- CFA, not the ICFAI one, right?

Pardon my ignorance :embarrassed:

@FeRMioN could you please guide me?

anybody else, who could take the time, please do! and thank you :(


@Synonymous You have to enroll from CFA website i.e. https://www.cfainstitute.org/pages/index.aspx you can get all details about CFA L1 exam from this wesite. The fees for CFA L1 varies from $ 1100 to $ 1500. and yes this is an American CFA and not ICFAI one.
You can get curriculum from CFA wesite.
Its given That Applications available: 1 March 2013
Deadline to complete application: 15 September 2013 and If awarded, the recipient can apply the scholarship to
the June 2013 exam (Saturday, 1 June 2013) or
the December 2013 exam (Saturday, 7 December 2013).
How will we be able to apply to DEC exam if the last day itself is in September to submit application, when do they release scholarship list.
http://www.cfainstitute.org/programs/cfaprogram/register/Pages/cfa_access_scholarships.aspx
Can anyone please suggest what need to be done to get the Printed material from CFA. Is the material will be home delivered or need to get from customs? What are the custom rules for this? Please Advise!!!

At Avi_04 once you register for the exams and pay the money, CFA will send books to your home within 3-4 days.

@Nirmal_Analyst said:
CFA Leve1 question for the dayI am 30 years old currently, and plan to retire at the age of 55. Post retirement, I want to receive Rs 25 lakhs per annum for the next 20 years. I am willing to invest Rs 2 lakhs each year for the next 15 years from now. How much will I need to invest each year during the remaining years to meet my goals, assuming investment returns of 10% can be earned on this portfolio throughout this period.
Answer is available in below link
CFA Level 1 question for 22-Feb-2103
22)Given below are particulars of a company. Calculate the diluted EPS
• Net Profit Rs.220 million
•10 million shares outstanding.
• Average share price isRs.300.
• Year-end share price is Rs.330.
i. 100,000 Convertible Debentures with Face value of 1000 and coupon of 8% p.a
ii.Conversion Price Rs.250/Share
iii.Tax rate 30%
a.Rs.21.15
b.Rs.20.625
c.Rs.22.04

@Nirmal_Analyst said:
CFA level 1 question for the dayReliance Industries bought 10 year Tax free government of India securities at Rs.100/security. One year later when interest rates dropped the price of the security increased to Rs.102. The security paid Rs.8 coupon during the year. what amount should be recognized in income statement If Reliance industries has classified the security as 'held for maturity security (HTM)' and 'available for sale' respectivelyHTM Available for salea. Rs.8 and Rs.8 b. Rs.10 and Rs.10c. Rs.0 and Rs.8
The answer is A. AFS securities need to adjust for MTM gain / loss directly in Balance sheet and show as other comprehensive income. HTM securities need to report MTM loss/gain. However in all 3 cases (including Trading securities) Interest income should be reported in Income Statement.

CFA Pass Rates



@Avi_04 said:
Can anyone please suggest what need to be done to get the Printed material from CFA. Is the material will be home delivered or need to get from customs? What are the custom rules for this? Please Advise!!!
No Customs...home delivered....and you can track your package....shouldn't take more than 1 1/2 weeks.
@Nirmal_Analyst Got it correct in first hit. However I figured out using the following: PV @ 45 = 63.54
PV @ 55 = 212.83
So I have to reach from 63.54 to 212.83 in 10 yrs @ 10%. Entering following values N=10, I=10, PV=-63.54, FV=212.83 CPT -> PMT= -3.013L.
Keep posting new questions.
@antilucifer said:
@Nirmal_AnalystGot it correct in first hit. However I figured out using the following: PV @ 45 = 63.54PV @ 55 = 212.83So I have to reach from 63.54 to 212.83 in 10 yrs @ 10%. Entering following values N=10, I=10, PV=-63.54, FV=212.83 CPT -> PMT= -3.013L.Keep posting new questions.
The answer is available in below link

CFA Level 1 question 25-Feb-13

Educomp limited bought a patented learning system and recognized Rs.80 crs of intangible assets in relation to this purpose. Educomp should
a. Ammortize this expense every year
b. Test the impairment of the patent every year
c. Both amortize every year and test for impairment
@Nirmal_Analyst said:
CFA Level 1 question 25-Feb-13Educomp limited bought a patented learning system and recognized Rs.80 crs of intangible assets in relation to this purpose. Educomp shoulda. Ammortize this expense every yearb. Test the impairment of the patent every yearc. Both amortize every year and test for impairment
C?

any test series suggestions ?

@imabhi88 said:
any test series suggestions ?
even i wanna know abt the same..guys pour in the suggestions plz
@IIMaspirantaks said:
even i wanna know abt the same..guys pour in the suggestions plz
pristine ka suna hai achha hai....bt still kisi se confirm ho to achha hai...