CFA L-1 little Tip

CFA 2008 views 14 replies

Hii Freinds

I wanna share one thing with all CA Students who are presparing for CFA L-1, this tip is given by my senior who is CFA now ,he told me that many time u heard that in CFA L-1 exam the rankers in CA also fails but he told me y this happens irts because  he told me that in CA we have subjective questions so our preparation approach is little different but in CFA questions are Objective and really the preparation approach is totally different because in subjective exams we have to write the answers but in CFA all answer option will look like correct answer and we have to choose exact correct answer so while preparing and solving questions try to confuse urself by making other wrong answers and really it will benefit you, thanks byeeeeeee

Replies (14)

Maninder

Thanks for info.But iwould like to ask one ques that whether CFA if benefical foe CA's

Thanks for sharing that tip Maninder. Yes thats true that CAs prepare subjectively but this will no longer going to continue as ICAI has already announced that practical questions will be asked from now onwards...Now ur tip will be helpful for CAs as well....

 

And Sorabh CFA is anytime better for CAs if u go for merchant banking.

If interested in insurance then Actuaries is a better option....

Originally posted by :Sorabh Gupta
" Maninder
Thanks for info.But iwould like to ask one ques that whether CFA if benefical foe CA's
"

   Yes Sourabh It is obviously beneficial because not only it will increase your financial knowledge it will increase your international recognition in professional terms and if you are CA than you do it I am sure your salary will not add it will be multiplied, so now you know the motivation byee

Maninder

Let me tell u clear about my doubts that i m in manufacturing industru & iwanna to be ther i.e. my future plan is also to be in manufacturing industry , so for that purpose is it beneficial for me or not....the matter is not just money it is also matter of time.....so whether i devote my in CFA or any other course.........

Originally posted by :Sorabh Gupta
" Maninder
Let me tell u clear about my doubts that i m in manufacturing industru & iwanna to be ther i.e. my future plan is also to be in manufacturing industry , so for that purpose is it beneficial for me or not....the matter is not just money it is also matter of time.....so whether i devote my in CFA or any other course.........
"

   Hi Sourabh so its good that u clear me your doubt so sourabh if you are in manufacturing industry and u wanna make career in Management Accounting than Go for CIMA , because CFA have more curriculum of Investment etc while CIMA have curriculum of managerial decision making which is more helpful in taking decions in Manufacturing organisation, and it depends upon ur career interest also, both course will take time and have worth it byeee

Hi Maninder Sir, 

 

I was interested in doing CFA. 

 

But i heard that the CFA offered in London is the best and ICFAI is tricking students. Is this true. because ICFAI is only a university not a statutory body. Does London institute have any statutory backing? Please update me.

Originally posted by :G.K..
" Hi Maninder Sir, 
 
I was interested in doing CFA. 
 
But i heard that the CFA offered in London is the best and ICFAI is tricking students. Is this true. because ICFAI is only a university not a statutory body. Does London institute have any statutory backing? Please update me.
"

   Hi i want to correct you first International CFA is from US not from London , than i want to tell u that It does not matter who is statutory Backing the matter who is demanded , Although International CFA is not recognised by AICTE thats y it is having problem in conducting exams in India but look at its recognition in world , after clearing All levels a charter takes average 1 Lakh USD Per Annum in starting , I cant comment on what ICFAI is doing but i just wanna tell that International CFA have more worth and more comprihensive.bye

USA CFA is better then ICFAI so please do from USA not from ICFAI..USA cfa its worth for all the time....

 HI MANINDER SIRJI,

WHAT ABOUT CPA,

WHICH ONE IS BETTER CPA OR CFA?

 

Originally posted by :S.RAM
"  HI MANINDER SIRJI,
WHAT ABOUT CPA,
WHICH ONE IS BETTER CPA OR CFA?
 
"

     Hello ram , dear CFA and CPA is totally different course , its like comparing MAFA with Accounting , both have different curriculum

CFA

The CFA® designation is given to investment professionals who successfully complete the requirements set by the globally recognized CFA® Institute (formerly the Association for Investment Management and Research®, or AIMR). To earn the CFA charter, you must first become a candidate and sign up for the Level 1 exam. To become a CFA charterholder, you must 

a. Pass three rigorous six-hour exams over at least three years.

b. Have at least four years of professional investment experience.

c. Become a regular member of CFA Institute

CPA

The Certified Public Accountant (CPA) is the highest accounting credential in the U.S. and is similar to the CA Qualification in India. The CPA title is awarded by the American Institute of Certified Public Accountant.

U.S. CPA is an individual with thorough and complete knowledge of Accounting principles of the U.S. So, if you want to work in or for U.S. firms, understanding its accounting laws is essential.

It has four exams and u have to go US for writing it

 

And rearding which one is better i will tell if we are better all is better but if u will ask me to choose any one than i will choose CFA because its my career interest not just because CPA is not worth

 Thanks sirji for ur clear clarification.

 

thanks

generally saying: 

CPA - alternative version of - CA

CMA - alternative version of - CWA

CFA - counterpart in FINANCE

hello sir,

i am in IT industry (6 months work experience), i have an engineering background. I am very much interested in finance.My plan is CFA level1 and then MBA... So is it wise for me to go for CFA..if yes then which one US or ICFAI...I just want knowledge and value addition to  my resume from CFA..

thanks.


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