I thought I ran into a vendor that had a formula sheet prepared. After a quick glance I didn’t see it again. Anyone have one? Is it decent? Pros cons…
schweser has the quicksheet. its best to create your own. put formulas and definitions on flashcards for drilling. you should understand each formula, makes it easy to remember. i used the quicksheet at december exam only a couple of days before the exam. just to go through it and make sure i knew it all. i wouldnt use it to learn.
Thanks, I do the flash cards. Read them on plane rides. It is a very effective way to learn, just the act of writing it down in itself helps. I’d like to purchase the quicksheet, laminate it and hang it in the shower. Yeah,…this works. Thanks for the feedback, best of luck to us.
I think this is what you might have been referring to. http://www.elansguides.com/free-cfa-materials/free-cfa-books/L1-2012J-FS.pdf
I ran into the schweser one referred to by leminman, but this does the job (and I guess it’s free to print). Thank you, good resource.
The Elan guide link a great quick-sheet. Thanks for posting. For those who haven’t seen the Schweser one, it’s more of “what I can fit onto 6 A4 sheets” whereas the Elan is more of a super condensed summary of everything with a little bit of explanation.
I actually do not recommend formula sheets, except just as a refresher. Perhaps take it with you if you are going somewhere where you can’t study a book, but want to spend a little time reviewing, like the waiting room in a doctor’s office or something. Reading is much more important, because if you can read 3 pages about the meaning of one formula, and truly understand how the formula is derived and how it’s used, it will stick in your mind extremely well. I didn’t refer to the formula sheet from Schweser once for L1, and I never had any problem memorizing any of the L1 formulas. Bottom line, formula sheet is NOT a substitute for reading the material, and I would say it doesn’t help at all, unless for some reason you are unable to read the book at whatever particular time. Also, what lemiman says is best, if you want a formula sheet, create your own. Again, it will stay in your memory much better.
I think the Elan formula sheet is useful for keeping information relevant in your brain. I like to look at it to remember the topics I’ve already covered (i.e. done a proper read through). It gives the brain a healthy stir instead of just letting information settle deep under a heap of other information you’ve more recently gone through.
I think most people here would agree that you have to read the material and understand the formulas. Formula sheet is really just a memory jogger.
The Schweser QuickSheet is a bit of a mess. It focuses too much on non-important topics and too little focus is given to those areas that matter. Build your own flashcards, they’re worth the time as they’ll help pinpoint your weaknesses and strengths. I honestly think I looked at the QS one time and threw it away.