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    V D Shah's Ethics cheat sheet!

    VDshah's Ethics cheat sheet CFA Level 1 2 3 - A group of students were given the CFA Institute examples

    compressed into single line violations which cuts the clutter and highlights the crux. This is the cheat sheet

    Not surprisingly, there was no student who had a score less than 70 at ethics. This was at VDshah's CFA

    free review sessions in V D Shah CFA Coaching Mumbai 9969637888

    Ethics was the only subject where I'd a 51 - 70 at my CFA level 1. I regret not scoring 70+ here like I did in

    other nine topics. Not seeing the same blunder in you, I have compiled the violations; the numbers indicate

    curriculum questions - the sequence purposely jumbled for better memorizing. Some violation reasons have

    numbers before it - couple of questions having the same violation are taken together to save time of

    candidates.

    The last day address

    Without taking much of your time, I guide you on how to prepare on the last day. Irrespective of what's done

    or rather what's not done, clock how many hours you would be putting in today. Keep the last hour for the

    bag pack & don't keep anything pending for Tom.

    The best to start your preparations today are the topics you are most confident with. Be it Corporate Finance

    or Equity or Ethics (you can't do much about ethics at the end moment. This cheatsheet would give you a

    good confidence to head start your day. It would be foolish to start with Quants or economics. I wouldn't

    comment much about Quants as there are candidates who would feel fresh in the morning to remember the

    formulas. Keep this in mind - Corp finance quants derivatives have memorizing formulas & FRA has

    memorizing the differences between IFRS vs USGAAP.

    Allot time according to the weight. Don't under estimate the power of low weighted subjects, a few wrong

    questions could bring down your class - the results would be given in a range of below 50% & so on. One

    can still pass after scoring less than 50 in as much as 3 subjects so no need to panic. Remember a few

    questions wrong in low weighted subjects would drag down your % class in that subject.

    Make sure you do not start with any untouched topic. There is less harm in skipping topics rather than

    allotting the revision time of others to them. There's hardly any point in making notes today, I have

    compiled good enough material for the last day. Just keep on reading & skip what you don't know. The only

    thing you shouldn't skip today is a good night sleep, or else the second session would be heavy to you.

    Checklist: Passport, calculator (spare battery), hall ticket (copies), pencil, sharper, erasers. Water bottles &

    exam pad aren't allowed in the class. Phones & belongings at the common baggage counter. Expect good

    arrangements for water but not food.

    Look at my exam day experience & tips at vdshah.com

    - V D Shah

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    V D Shah CFA PrepWhatsapp support +91 9969637888

    `Caution : There are no shortcuts to success. With these condense CFAstudy notes, it is must to have a guide for the sequence strategy and moreimportantly the concept clarity. We at Era are obligated to V D Shah who's

    Happy 2 help in building a conceptual base before you start full fledged.

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    Level 1 Bootcamp that would give you an overview of the ten subjects withefficient study materials. The sessions are conducted at frequent intervals &various locations. Whatsapp +91 9969637888 for the details.

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    : Those starting just a month or two before the exam, V D Shah'sefficient crash courses are well known for making candidates pass within theshortest time span. These discuss pin pointed likely los with the weirdest examtips tricks - would be a super time saver, 80% likely topics 20% in time.

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    Say NOto mass learning of classes,V D Shah, the Only group tuitionsin Mumbai, where learning is personal.Explaining CFA Institutes official Curriculum, revising the Schweser!V D Shah free CFA help line, Quick notes & Whatsapp group +91 9969637888

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    V D Shah CFA PrepWhatsapp support +91 9969637888

    Sequence : Start with first two Quant readings ( tvm dcf ) move to corporatefinance first session of FRA for P&L B/S basics equity fix income Quant Derivatives PM.Ethics is good to do fifteen minutes daily.In fact memorizing FRA ( its mainly memorizing IFRS USGAAP differences ) ,Quant formulas ( readings 3 onwards are heavy ) goes digestible in daily dose. Ifyou aren't a regular reader, Fix Income & Economics seems stressing minds.The derivatives valuation is a mathematical task.Surprisingly Equity Corporate finance Ethics Alternate Inv ( independent topic )seem light to everyone including beginners. Except for last - val, equity is theory!

    V D Shah's study tipsthat will push you to pass:Do not take ethics lightly. Advisable to read from the curriculum as pages per examweight is minimal. VDshahs ethics cheatsheet is referred worldwide.Keep a track on time while studying lengthy economics & hypothesis. We do notfeel more than two questions can be asked on hypothesis per session on exam.Focus on IFRS US GAAP differences for FRA. VDshah prepares IFRS vs USGAAPFocus on the sensitivity analysis when valuing derivatives & in corporate finance.(Sensitivity analysis is direction of change in the answer rather than findinganswer by plugging the formula) majority qns in exam would be concept based

    Even a couple of questions wrong in low weighted subjects could drag down theclass in that subject. The results are subject wise as (50% & below) (51-70) ( 70%+)

    Golden rulesfor Ethics, with you always when you face a dilemma :Go by RATIONALITY ( not rigidity ) &INTENTION ( right intention usually does not lead to a violation, but a foolishcandidate with no bad intention cannot use Ignorance as an excuse - sorry, notknowing is not allowed when he is supposed to know )

    Passing Score

    : Your results are this way - in a range of (70+) (51-70) (50 &below) in every individual subject. We at V D Shah expect passing marks to be 64%to 66% in aggregate. I've seen candidates scoring less than 50 in 3 topics & stillpass. There are no negative markings, so mark random for a 33% probability

    Popular articles: Study strategy. Passing score, My exam day experience, subjectoverview, CA vs CFA, CFA with MBA, CFA after engineering, exam importance &strategy at vdshah.com ( Google VDshah CFA )

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