AuthorTopic: Old books
@2015-04-24 11:05:34
Hello all! I would like opinions. Does the content of the Level 1 exam change significantly enough that a five year old manual would not be sufficient with which to study?

@2015-05-22 11:57:44
I remember hearing that about 10% of the material changes each year. Most of this will just be presentation because you can't exactly change something like a mathematical formula.

I think it's possible for anything computational, which is probably the most frequent question you get. So, quantitative methods and any fixed income and equity valuation. Economics would probably be fine as well because it's either a calculation or it's a general theory that won't be changing any time soon.

Where you may run into problems is in financial reporting. Things change between US GAAP and IFRS all the time. Also, the ethics section got a major overhaul within the last 10 years or so, but I'm not exactly sure when.

CFA Discussion Topic: Old books

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz