DSST - Principles of Finance advice?

[dharmachic]

I appreciate the insight. I did look over the "Spec. Exam Feedback" section but had concerns that all of the info seemed to be from 2007 - outdated. I passed the CLEP Macro & Micro tests in early June but did not exactly knock them out of the park. I am looking at a technical degree with Embry-Riddle Aeronautical University and management will be my minor, so it is not as if I am working towards my MBA. It was a mistake to trust IC too much, too early with M & B though. Thank you for your insight.

I wouldn't be too quick to dismiss the Specific Feedback based on date only. Exams aren't updated that often. As for the M&B exam which I took in May this year, the Specific Feedback was SPOT ON as far as what to focus in your study. I already knew from reading the postings that it was one of the hardest exams so that IC alone would not cut it. Not to brag but using this method has been highly successful for me, resulting in a 65 score on the M&B exam (and this is from someone who is not familiar or exactly comfortable with finance-related subjects).

As for the Principles of Finance, although the info may be outdated a little, I would still use the Specific Feedback info, starting from the most recent feedback and working backwards, to use as a foundation for your study. Use the resources mentioned in the threads heavily and you should do fine. FWIW for the more difficult exams like M&B and Principles of Finance, the IC questions serve as a good primer covering only the basics, but the nature of those particular exams require a more indepth type of study requiring comprehension and critical thinking that cannot be taught using multiple choice alone. That is where the Specific Feedback portion of your IC membership is invaluable.

Again, even if the feedback thread seems a bit old, certain subjects don't change all that much in terms of topics covered and at least you know where to direct your focus in study and general expectations of difficulty, which are extremely important to know when studying for broad subjects like finance.

Good luck!
Helen