Financial Concepts

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8 comments

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    Hang Cho

    You sound well prepared - Good luck !!!

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    Michael Clark

    What is OMCES?

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    Karin Bell

    It stands for Online Multiple Choice Exam Simulator. It’s ARE Exam Prep’s practice question software.

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    Maireny Santos Cruz

    I have the same question about all the financial terminology, Is it necessary to know all this terms for this exam?

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    Karin Bell

    Maireny, I received a "likely pass" this Monday on PcM, so here is my advice...

    I don't regret studying all of the terms and equations a single bit, but I do think that I fixated on them far too much. Don't neglect to study how they are used in conjunction with each other, and become intimately familiar with the associated documents that a firm would actually use/see these numbers on (The AHPP was extremely helpful for that). In other words, the definitions will not serve you one bit if you don't study the application. 

    Hope this helps. 

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    Maireny Santos Cruz

    Thank you for your response Karin, congrats on you Pass...I will take PcM exam next week.

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    Karin Bell

    Good luck! You can do it, seriously. The test was really manageable because (I think) I focused on learning this stuff for a lifetime rather than just for this one test! You got this!

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    Paul Carson

    Hey colleagues ~

    I drew a PcM Financial Ratios "Excel Matrix Chart" and shared it with my friend; she said I should share this with everyone, so I started this thread:

    https://are5community.ncarb.org/hc/en-us/community/posts/360033390313-PcM-FINANCIAL-RATIOS-Matrix-Chart

    It may be too complicated for others; however, some have better relations with memorization, yet I am more technically visual.

    Hope this helps!

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