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