The longer vignettes are those that include several tables of information, such as for a financial statement analysis, statistics, or fixed-income item set. Corporate Finance Exam Weight: Study Session 12 Study Session The Level II items are equally weighted, 3 points each, with no penalty for incorrect answers.
Alternative Investments Exam Weight: Create an Account or Log In. Log in to view more tips for taking the Level II exam and access the rest of your candidate resourcesincluding your personal study planner, topic tests, and mock exams. Study Session 7 Study Session 8.
The six multiple choice items can be answered independently dowmload each other, but they do require information provided in the vignette. Equity Valuation Exam Weight: On the Level II and III exams, some topics are covered in the morning session only and other topics are covered in the afternoon session only. We post more detailed information as soon as the exact date of availability is determined.
Available CFA Resources PDF ( Pages)
You will need to read the vignette before answering the items, and you will need to refer back to the vignette for information. When you prepare for the Level 20016 exam, remember to review the Level I question format details for multiple choice questions.
The length of a vignette ranges from about 1 page to 2. However, only your final answers recorded on the answer sheets are graded. The six multiple choice items in each item set can only be answered based on the information in the vignette.
Financial Reporting and Analysis Exam Weight: You can expect to see similar questions leevel terms of structure, format and level of difficulty, but don’t expect to see the same questions repeated on future exams. Circle or underline important information in the vignette and write down your equations or logic.
schweser 2016 level 1 pdf
Quantitative Methods Exam Weight: Your Level II exam result will be available within 60 days of your exam date. GAAP, it will be stated levfl the question.
Fixed Income Exam Weight: Level II exam pass rates: On the Level II exam, you will have a total of items 20 vignettes with 6 items each compared to multiple choice items on the Level I exam. Hence, the items are not free-standing as in Level Ibut are drawn from the vignette.
The average length of the vignettes on the exam is about 1. The Level II exam is worth points, corresponding to the number of minutes on the exam.
CFA Program Level II Exam Details
Portfolio Management Exam Weight: Study Session 16 Study Session When a question is based on Ccfa. Study Session 1 Readings Study Session 2. This same question construction applies to the multiple choices presented in item sets. See some examples of Level II questions below, but remember that the exam is based on the current curriculum.
Study Session 5 Study Session 6. Derivative Investment Exam Weight: