CFA Level I Chartered Financial Analyst CFA I Dumps in PDF

Free CFA CFA I Real 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:

M
Mirex
5/26/2023 3:45:00 AM

am preparing for exam ,just nice questions

E
exampei
8/7/2023 8:05:00 AM

please upload c_tadm_23 exam

A
Anonymous
9/12/2023 12:50:00 PM

can we get tdvan4 vantage data engineering pdf?

A
Aish
10/11/2023 5:51:00 AM

want to clear the exam.

S
Smaranika
6/22/2023 8:42:00 AM

could you please upload the dumps of sap c_sac_2302

B
Blessious Phiri
8/15/2023 1:56:00 PM

asm management configuration is about storage

L
Lewis
7/6/2023 8:49:00 PM

kool thumb up

M
Moreece
5/15/2023 8:44:00 AM

just passed the az-500 exam this last friday. most of the questions in this exam dumps are in the exam. i bought the full version and noticed some of the questions which were answered wrong in the free version are all corrected in the full version. this site is good but i wish the had it in an interactive version like a test engine simulator.

T
Terry
5/24/2023 4:41:00 PM

i can practice for exam

E
Emerys
7/29/2023 6:55:00 AM

please i need this exam.

G
Goni Mala
9/2/2023 12:27:00 PM

i need the dump

L
Lenny
9/29/2023 11:30:00 AM

i want it bad, even if cs6 maybe retired, i want to learn cs6

M
MilfSlayer
12/28/2023 8:32:00 PM

i hate comptia with all my heart with their "choose the best" answer format as an argument could be made on every question. they say "the "comptia way", lmao no this right here boys is the comptia way 100%. take it from someone whos failed this exam twice but can configure an entire complex network that these are the questions that are on the test 100% no questions asked. the pbqs are dead on! nice work

S
Swati Raj
11/14/2023 6:28:00 AM

very good materials

K
Ko Htet
10/17/2023 1:28:00 AM

thanks for your support.

P
Philippe
1/22/2023 10:24:00 AM

iam impressed with the quality of these dumps. they questions and answers were easy to understand and the xengine app was very helpful to use.

S
Sam
8/31/2023 10:32:00 AM

not bad but you question database from isaca

B
Brijesh kr
6/29/2023 4:07:00 AM

awesome contents

J
JM
12/19/2023 1:22:00 PM

answer to 134 is casb. while data loss prevention is the goal, in order to implement dlp in cloud applications you need to deploy a casb.

N
Neo
7/26/2023 9:36:00 AM

are these brain dumps sufficient enough to go write exam after practicing them? or does one need more material this wont be enough?

B
Bilal
8/22/2023 6:33:00 AM

i did attend the required cources and i need to be sure that i am ready to take the exam, i would ask you please to share the questions, to be sure that i am fit to proceed with taking the exam.

J
John
11/12/2023 8:48:00 PM

why only give explanations on some, and not all questions and their respective answers?

B
Biswa
11/20/2023 8:50:00 AM

refresh db knowledge

S
Shalini Sharma
10/17/2023 8:29:00 AM

interested for sap certification

E
ethan
9/24/2023 12:38:00 PM

could you please upload practice questions for scr exam ?

V
vijay joshi
8/19/2023 3:15:00 AM

please upload free oracle cloud infrastructure 2023 foundations associate exam braindumps

A
Ayodele Talabi
8/25/2023 9:25:00 PM

sweating! they are tricky

R
Romero
3/23/2022 4:20:00 PM

i never use these dumps sites but i had to do it for this exam as it is impossible to pass without using these question dumps.

J
John Kennedy
9/20/2023 3:33:00 AM

good practice and well sites.

N
Nenad
7/12/2022 11:05:00 PM

passed my first exam last week and pass the second exam this morning. thank you sir for all the help and these brian dumps.

L
Lucky
10/31/2023 2:01:00 PM

does anyone who attended exam csa 8.8, can confirm these questions are really coming ? or these are just for practicing?

P
Prateek
9/18/2023 11:13:00 AM

kindly share the dumps

I
Irfan
11/25/2023 1:26:00 AM

very nice content

P
php
6/16/2023 12:49:00 AM

passed today

AI Tutor 👋 I’m here to help!