For Level 2, the focus shifts from definitions to application . Your Quick Sheet shouldn't define what Net Present Value (NPV) is; it should list the specific formulas for calculating NPV in complex scenarios, the rules for the Treynor-Black model, or the steps for a Gordon Growth variation.
Watch for Random Walks and Unit Roots . If a series isn't stationary, you likely need to "first-difference" the data. 3. Financial Statement Analysis (FSA) cfa level 2 quick sheet
Every morning, try to recreate your quick sheet from memory on a blank piece of paper. For Level 2, the focus shifts from definitions
One common mistake candidates make is trying to cram everything onto their Quick Sheet. If the font size is 6pt, you are doing it wrong. You won't have time to scan a wall of text during the exam. If a series isn't stationary, you likely need