Chartered Financial Analyst (CFA) from ICFAI_Hyderabad

Jobs & Careers
123

Hi to all,

yeah Babu we are gonna be fund managers before completing our course,well babu i will tell u,but i need some time to pay you amount because i haven't got my Credit Card,otherwise i would have downloaded those papers.By the way if u can then i can pay you later.

And i want to thank babu and tumtum for providing those additional reading suggestions.thanks u guys u are really helping me.

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EXPERT IS A PERSON WHO KNOWS MORE AND MORE ABOUT LESS AND LESS./
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124

Hi tumum And BaBu,

Both of u are helping me,and i want to ask u one more thing regarding the recommended readings,but u didn't mentioned about the Micro and macro Economics.So which books would be of immense help for Economics.Please suggest me a good book.


Wbr,
CFA_SMART


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THERE IS ALWAYS A BETTER SOLUTION.


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EXPERT IS A PERSON WHO KNOWS MORE AND MORE ABOUT LESS AND LESS.
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:grab:

125

hi,
i have jus joined CFA for july attempt.i m b.com(h) from DU.as i have not recived any material yet i waana start my studies for both first 2 groups so anyone can tell me whether my college books will be enough.
bye

126
hi,
i have jus joined CFA for july attempt.i m b.com(h) from DU.as i have not recived any material yet i waana start my studies for both first 2 groups so anyone can tell me whether my college books will be enough.
bye


Yes college books relating to the topics in first and second groups will be useful. You should get the books asap (within 4 days of registering).

How you registered? I mean there are lot of study centres in delhi and if you have registered in study centre, they give books on the spot.

Welcome to the CFA ICFAI thread.
127
BaBu Says
Great Fund managers 😃


gee......"fund managers" haa ? lol.
Anyways, I was just jokin....dont mind buddies.
128
Hi tumum And BaBu,

Both of u are helping me,and i want to ask u one more thing regarding the recommended readings,but u didn't mentioned about the Micro and macro Economics.So which books would be of immense help for Economics.Please suggest me a good book.


Wbr,
CFA_SMART


=====================
THERE IS ALWAYS A BETTER SOLUTION.


==============


EXPERT IS A PERSON WHO KNOWS MORE AND MORE ABOUT LESS AND LESS.
===============================================



:grab:



I personally feel that the study material for economics provided by ICFAI is good enough.

What say junta ?
129
even i was joking tumtum....(Fund Managers hahahaha...........haha...hi..hi.hihihi...)

Why can't we be Fund managers if we decide we can.What do u say can't we?

Well no more laughing. oops sorry for that.



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EXPERT IS A PERSON WHO KNOWS MORE AND MORE ABOUT LESS AND LESS.


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IT'S A WORLD OF FUTURE FINANCE PEOPLE.






Wbr,
cfa_smat

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130
even i was joking tumtum....(Fund Managers hahahaha...........haha...hi..hi.hihihi...)
Why can't we be Fund managers if we decide we can.What do u say can't we?
Well no more laughing. oops sorry for that.

Wbr,
cfa_smat

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Best wishes to all for being FMs & PMs but first you gotto complete the CFA. Best of luck for that too 😛
131

arrey , i have found the micro and macro economics texts of icfai more than sufficient. very good books. it is the same graphs and formulae u find in every single eco book, no matter what their size! the structure of the icfai books is excellent. anyways if u have ur college books its an added advantage. i know, it helps to study from books uve already used.

just remember to follow the specific order of chapters given in the texts. or else pple esp non commerce background may get confused.

132

guys i dont have a credit card , neither do my parents( orthodox views on the concept of credit u see) . ive been told that debit cards wont do. someone told that icfai does accept CITYBANK debit cards. is that true?

yeah babu im game to going dutch on the papers. par just wait for a week or two. lets first create a solid group of pple whol are ready to share the papers and then see.

133
I personally feel that the study material for economics provided by ICFAI is good enough.

What say junta


Yeah i agree. Its comprehensive and extensive and simple to learn and understand.

First complete the CFA guys, then find a job and in case if time is left then become fund managers
134
Number of CFA ICFAI Graduates every year-Researched Data taken from ICFAI prospectus

Year 2001: 209 became CFA's

Year 2002: 147 became CFA's

Year 2003: 135 became CFA's

Year 2004: 171 became CFA's (tumtum included 😃 )

Year 2005: 172 became CFA's

ICFAI conducts its convocation in december every year as Year for university runs from October- September

In 5 years total 834 CFA's. Average CFA's every year 166.8

All information taken from latest ICFAI prospectus mentioned under CFA's: Growing Fraternity.
135
I am sorry mahesh (maheshtk_21) for the wrong information which i passed to you.Infact i also didnt knew about it and came to know today from ICFAI counsellor.

You can appear for 2 groups together. So it means if you have the will and capacity to work 'extremely hard' you can finish each level in 6 months and whole CFA in flat 18 months. Sounds good but its tough

However, you can not appear for L 1 and L 2 papers together. So you can not give group Gamma (L 1) and Group Delta (L2) together. You have to pass L 1 before you can sit for L 2 papers.

I have revisited April 2006 Exam schedule and dates doenst not clash if one decides to give 2 groups together.

babu didnt get this can u tell again
how can i complete cfa in 18months
136
babu didnt get this can u tell again
how can i complete cfa in 18months


Every level contains 3 groups. You can give 2 groups together and then one group alone. So it will take minimum 6 months to complete one level. As there are 3 levels, it will be minimum 18 months.:)

Every group contains 4 subjects. So preparing for 8 subjects under less then 3 months and retaining all data sounds extremely tough. Lot of effort needed, my personal opinion.
137
Every level contains 3 groups. You can give 2 groups together and then one group alone. So it will take minimum 6 months to complete one level. As there are 3 levels, it will be minimum 18 months.:)

Every group contains 4 subjects. So preparing for 8 subjects under less then 3 months and retaining all data sounds extremely tough. Lot of effort needed, my personal opinion.


Well babu, you are hijacking the very essence of this thread buddy ! Like I pointed out earlier, the focus should NOT be SOLELY on CLEARING CFA by HOOK or CROOK.

If you clear it the way you think (2 groups at a time), you will probably be the only one to do so. No one has done it so far coz its a heavy course and I would personally advise not to attempt somethig as foolhardy.

Guys, just focus on clearing a group every 3 months and in 2 years, you will be more well read, and better informed.

Just apply plain logic. If a platter full of food is put on your table, then wud you stuff all the items at the same time and risk tearing your mouth and throat or take it slowly ?
Take it morsel by morsel, and sip slowly. Then only will you be able to digest food. Right?
The same logic applies to CFA. Study regularly, read a bit extra, learn the concepts and enjoy the beauty of this course. That will go a long way in establishing a good career and not merely focusing on clearing the papers by hook or by crook as babu advocates and as many of you seem to be falling for.

Regards,

Tumtum.
138

Hi to all,

You are right tumtum doing cfa from hook and crook way will take one no way. And i will complete cfa as my convenience.By the way thanks to tumtum for showing right path to all the cfa aspirants.Thanks man thanks...

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Expert is a person, who knows more and more about less and less.
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Wbr,
cfa_smart

139

ICFAI gives an option and we were just discussing it. Every time i mentioned in the post that its near impossible to clear 2 groups at one go specially L 2 and L 3. I personally admire guys who have completed MBA + CFA in 2 years or cleared 2 groups at one go.

CA, ICWA guys also gives both groups at one go. For one group they are prepared , and other group they give just to get hang of examination pattern and prepare for it next time.

So , one should have the knowledge regarding the course and options avaliable and options not avaliable.

Mahesh, i guess is attempting 2 groups at one go. Its a personal decision guys directly dependent on your ambitions and capabilities.

I am not advocating any one to attempt 2 groups at one go. ameen_0096 raised a query and i addressed it.

And i fully agree with tumtum. To enjoy the beauty of the course, work slowly and slowly group by group making sure your basics are strong.

140

Mahesh, i guess is attempting 2 groups at one go. Its a personal decision guys directly dependent on your ambitions and capabilities.

.


na bawa!!! u r acting like shivaji satam in cid!! if u read at my earlier posts ive written that its impossible but i just want to know the technicalities.

yes what im doing is trying to do the first 2 groups in 4 months since a lot of that has already been done by me and ive all 24 hours only for cfa for these months. doesnt mean that i fancy such techniques

well im making some wonderful progress in eco and accounts. how about u guys?

hey tumtum and babu.... im on accounting standards and am sure that i will spend the rest of my life on it if i try to remember everything thats given in the text book.
would understanding the logic of the standards an important points as given in the study guide suffice?
141

well im making some wonderful progress in eco and accounts. how about u guys?

hey tumtum and babu.... im on accounting standards and am sure that i will spend the rest of my life on it if i try to remember everything thats given in the text book.
would understanding the logic of the standards an important points as given in the study guide suffice?

Well mahesh,
good to know that you are making headway in a/c and eco.
To speak of accounting standards, they are basically the cornerstone of accountancy n throw light on treatment of different items that arise in the course of business.
Hence, the correct approach would be to remember the way the different items are treated. When I use the term "treatment" then it encompasses 3 basic steps viz.
1] recognition of an item falling under a particular a/c standard
2] valuing it using the methods prescribed by the a/c standard
3] recording it correctly under the relevant head in income statement or balance sheet etc.
Just to quote an example, International Accounting Standard (IAS) No 2 deals with valuation of inventories. If I were in your place, I would focus on
a) what exactly is inventories (what all is included in this head) as per IAS 2
b) what is the basis of valuation of inventories as per IAS 2 ( methods such as FIFO, LIFO, WAM)
c) what are the technicalities of each of these methods (how is actual valuation done using these methods, what are the differences in each method)
d) once a value has been derived, where is it recorded in the balance sheet and under what head (current assets in case of inventories).
Thus, I would practically make no effort to remember as to what IAS 7 or 9 would stand for.....rather I would focus on different balance sheet and income statement items and remember the accounting treatment for them. Thats an easier way out u see.
Hope u and others find it useful.
Regards,
Tumtum.
142

Hi, i m new to this thread.i m in L II, epsillon...giving exam this april.
n enjoying the subjects.
nebody ne suggestions on how to go for case study n caselets part..??