Passed 7/63 no problem with minimal studying. Took the 86 and failed by a few points despite studying extensively (read book, did all practice questions 2x). Complete and utter disconnect between the worthless STC materials and the actual test.
Any help/tips would be appreciated. I don't want to fail this a 2nd time.
I'm actually taking the 86 on Friday. I am studying using the STC materials, which I also find to be very bad between the book and the questions they use.
What did you find was most confusing on the test?
First, there was the STC materials. Blatant typos, differing formulas (multiple questions had interest coverage as EBITDA/Int. expense and the next question they'd have it as EBIT/Int expense). Questions tended to be way shorter and easier on the practice exams. The actual test questions were longer, with more steps. Multiple questions had material that weren't even in the STC book (although I'm hoping these were their "experimental" questions).
Multiple formulas were barely used (STC covered PEG/PE into the ground, only saw ~2 or 3 questions referring to them). Decent amount of subjective questions too.
I agree 100% on the STC materials. It's amazing how bad they are. Inconsistent across questions as you said. In the book, they list ROA at NI/avg asset. The very next page, they give you a full set of financials, and they want you to use EBIT/avg asset for ROA.
My favorite was two back to back questions for EV/EBITDA for four separate companies (1,2,3,4). First question they ask you which one is the most over-valued (all are ~12x, so you have to do the math). Correct answer choice is "D", none of them were over valued. Exact next question, do the same thing but which one is undervalued the most; "D" again is none are under valued. But "D" isn't the correct answer on the second question. Boggles my mind how they can't even follow the rules they create.
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