CFA Level I Chartered Financial Analyst CFA I Exam Questions in PDF

Free CFA CFA I Dumps Questions (page: 65)

Firms with records or performance calculations for periods prior to the effective dates for AIMR-PPS compliance can still claim compliance with the PPS using which of the following methods?

  1. Restate all of its performance numbers in accordance with the standards.
    II. Continue to use the non-conforming performance measures with specific disclosures about how the measures are not in compliance.
    III. Use the relaxed standards of AIMR designed specifically for this situation.
  2. I, II and III
  3. I only
  4. I and II only
  5. I and III only

Answer(s): A

Explanation:

All three are acceptable ways in which firms with records or performance calculations for periods prior to the effective dates for AIMR-PPS compliance can continue to claim compliance with the PPS. This is known as "Retroactive Compliance."



According to the AIMR-PPS, composites must be asset weighted using

  1. end-of-period weightings.
  2. middle-of-period weightings.
  3. performance-period weightings.
  4. beginning-of-period weightings.

Answer(s): D

Explanation:

Composites must be asset weighted using beginning-of-period weightings. This is a requirement for calculation of returns.



Which of the following is not a required disclosure for real estate investments under the Performance Presentation Standards?

  1. amount of leverage used
  2. return formulas
  3. all of these answers
  4. accounting policies for capital expenditures

Answer(s): A

Explanation:

The performance presentation for real estate must disclose the return formulas and accounting policies for such items as capital expenditures, tenant improvements and leasing commissions. There is no requirement or recommendation that the amount of leverage used be disclosed under the 1997 standards.



Regarding Standard III (A), which of the following is true?

  1. If the employer has publicly acknowledged, in writing, adoption of AIMR's Code and Standards as part of its firm policies, then the member need not give formal written notification.
  2. A member does not have to notify the supervisor, if the supervisor is a CFA charterholder.
  3. Notification must be given to the chief operating officer (or equivalent), orally or in writing.
  4. Notification must always be given, orally or in writing.
  5. None of these answers is true.

Answer(s): A

Explanation:

"Members shall inform their employer, in writing, through their direct supervisor, that they are obligated to comply with the Codes and Standards and are subject to disciplinary sanctions for violations thereof." However, if the employer has publicly acknowledged, in writing, adoption of AIMR's Code and Standards as part of its firm policies, then the member need not give formal written notification. Subordinate employees cannot assume that their supervisors are aware of the obligations, even if the supervisors are AIMR members.



Misrepresentation of performance is prohibited by section ________ of the Standards of Professional Conduct.

  1. II (E)
  2. III (F)
  3. V (B)
  4. IV (E)
  5. III (A)

Answer(s): C

Explanation:

Standard V (B) states "Members shall not make any statements, orally or in writing, that misrepresent the investment performance that they or their firm have accomplished or can reasonably be expected to achieve."



Share your comments for CFA CFA I exam with other users:

S
S Mallik
11/27/2023 12:32:00 AM

where we can get the answer to the questions

P
PiPi Li
12/12/2023 8:32:00 PM

nice questions

D
Dan
8/10/2023 4:19:00 PM

question 129 is completely wrong.

G
gayathiri
7/6/2023 12:10:00 AM

i need dump

D
Deb
8/15/2023 8:28:00 PM

love the site.

M
Michelle
6/23/2023 4:08:00 AM

can you please upload it back?

A
Ajay
10/3/2023 12:17:00 PM

could you please re-upload this exam? thanks a lot!

H
him
9/30/2023 2:38:00 AM

great about shared quiz

S
San
11/14/2023 12:46:00 AM

goood helping

W
Wang
6/9/2022 10:05:00 PM

pay attention to questions. they are very tricky. i waould say about 80 to 85% of the questions are in this exam dump.

M
Mary
5/16/2023 4:50:00 AM

wish you would allow more free questions

T
thomas
9/12/2023 4:28:00 AM

great simulation

S
Sandhya
12/9/2023 12:57:00 AM

very g inood

A
Agathenta
12/16/2023 1:36:00 PM

q35 should be a

M
MD. SAIFUL ISLAM
6/22/2023 5:21:00 AM

sap c_ts450_2021

S
Satya
7/24/2023 3:18:00 AM

nice questions

S
sk
5/13/2023 2:10:00 AM

ecellent materil for unserstanding

G
Gerard
6/29/2023 11:14:00 AM

good so far

L
Limbo
10/9/2023 3:08:00 AM

this is way too informative

T
Tejasree
8/26/2023 1:46:00 AM

very helpfull

Y
Yolostar Again
10/12/2023 3:02:00 PM

q.189 - answers are incorrect.

S
Shikha Bakra
9/10/2023 5:16:00 PM

awesome job in getting these questions

K
Kevin
10/20/2023 2:01:00 AM

i cant find aws certified practitioner clf-c01 exam in aws website but i found aws certified practitioner clf-c02 exam. can everyone please verify the difference between the two clf-c01 and clf-c02? thank you

D
D Mario
6/19/2023 10:38:00 PM

grazie mille. i got a satisfactory mark in my exam test today because of this exam dumps. sorry for my english.

B
Bharat Kumar Saraf
10/31/2023 4:36:00 AM

some of the answers are incorrect. need to be reviewed.

J
JP
7/13/2023 12:21:00 PM

so far so good

K
Kiky V
8/8/2023 6:32:00 PM

i am really liking it

T
trying
7/28/2023 12:37:00 PM

thanks good stuff

E
exampei
10/4/2023 2:40:00 PM

need dump c_tadm_23

E
Eman Sawalha
6/10/2023 6:18:00 AM

next time i will write a full review

J
johnpaul
11/15/2023 7:55:00 AM

first time using this site

O
omiornil@gmail.com
7/25/2023 9:36:00 AM

please sent me oracle 1z0-1105-22 pdf

J
John
8/29/2023 8:59:00 PM

very helpful

K
Kvana
9/28/2023 12:08:00 PM

good info about oml

AI Tutor 👋 I’m here to help!