Preparing for the CFA Exam: Tips and Tricks

As an expert in the field of finance and a CFA charterholder, I have seen many candidates struggle with the CFA exam. One common question that often arises is whether or not candidates are allowed to bring a formula sheet to the exam. The short answer is no, you will not be allowed to bring a formula sheet to the exam. However, this does not mean that it is not a valuable resource for preparing for the CFA exam. Personally, I have always had problems with memory and elementary math skills.

Understanding the formulas with words has saved my life several times on test day. So, while you may not be able to bring a formula sheet to the exam, make sure to spend ample time studying and memorizing the formulas. Before the exam, you will receive your candidate ID in your CFA Institute online account. This is the same account that you use to access CFA Institute simulations and materials. It is important to note that you will not need a ticket for the exam anymore, unless the test provider specifically requests that you print a confirmation email with your appointment confirmation number. While you will not be allowed to eat snacks or drinks during the test itself, it is highly recommended that you bring your own light snack and water for the optional 30-minute break.

Make sure that your snack stays at room temperature and does not require refrigeration. When registering for the exam, it is crucial that you enter your name exactly as it appears on your passport. The exact names in the First Name(s) and Last Name(s) fields on your passport must match those in your CFA Institute account. This may vary depending on the exam center, but it is important to follow the instructions of the CFA Institute carefully. It is also worth noting that keys are not allowed in the exam room. Let's face it, formulas can be annoying and difficult to memorize.

However, they are a crucial part of the CFA exam and you will most likely be required to know them in order to pass. The CFA Institute cannot guarantee that requests for special accommodations will be processed if they are submitted less than 30 days before your exam appointment. Additionally, the CFA Institute, testing personnel, testing center, and vendors are not responsible for any theft, loss, or damage of personal belongings during the exam. Lastly, when entering your name in your CFA Institute account, make sure to exclude any suffixes if they do not appear on your passport. This will ensure that your name matches exactly and there are no discrepancies.

Serena Lubahn
Serena Lubahn

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