06-30-2005, 06:38 AM
I'm not debating whether FRM is easier than CFA if thats your concern. Let me first point our mistakes in your post.
1. The CFA examination is a SIX hour examination split into two sections (three hours each) with a two hour gap in between. Each of the two sessions (for Level 1) contain 120 MCQs.
2. Mr Javed HAS NOT cleared CFA Level 1. He appeared for it in this June. He has only cleared CMA part I and II. (I'm not doubting his competency though).
3. In a year and a half, only five students have been able to pass CMA part I and II. Taking into account this pace of progress, I don't think anyone could become a CPA, CFA, ACCA, CFM and CMA qualified in three years.
4. There is a great deal of difference between IAS/IFRS and US GAAP and other standards. Its not easy to cope up with both of them considering the continuous updations in IAS and IFRS these days. However, not impossible though.
5. Overlapping syllabi doesn't make things easier my friend. There are not many people who have been able to clear CFA in first attempt. The same holds for CPA.
6. ACCA does not take 3.5 years to pass as you claim. ACCA on average takes 3 years and minimum 2 years.
7. Even though CMA Part I, II and III contain what CFA Level I is as you say, it still does not exempt you from Level I. Which technically does not save you any time.
I would be happy if you'd mention difference between the CFA syllabus and the Operational and Integrated Risk Management that you're talking about. It would help clear my doubts and be of help for forum users.
1. The CFA examination is a SIX hour examination split into two sections (three hours each) with a two hour gap in between. Each of the two sessions (for Level 1) contain 120 MCQs.
2. Mr Javed HAS NOT cleared CFA Level 1. He appeared for it in this June. He has only cleared CMA part I and II. (I'm not doubting his competency though).
3. In a year and a half, only five students have been able to pass CMA part I and II. Taking into account this pace of progress, I don't think anyone could become a CPA, CFA, ACCA, CFM and CMA qualified in three years.
4. There is a great deal of difference between IAS/IFRS and US GAAP and other standards. Its not easy to cope up with both of them considering the continuous updations in IAS and IFRS these days. However, not impossible though.
5. Overlapping syllabi doesn't make things easier my friend. There are not many people who have been able to clear CFA in first attempt. The same holds for CPA.
6. ACCA does not take 3.5 years to pass as you claim. ACCA on average takes 3 years and minimum 2 years.
7. Even though CMA Part I, II and III contain what CFA Level I is as you say, it still does not exempt you from Level I. Which technically does not save you any time.
I would be happy if you'd mention difference between the CFA syllabus and the Operational and Integrated Risk Management that you're talking about. It would help clear my doubts and be of help for forum users.
