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Topic Exam Weight

CFA level 1 syllabus

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58 views7 pages

Topic Exam Weight

CFA level 1 syllabus

Uploaded by

newyorkforreal23
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Topic Exam Weight

Quan ta ve Methods 6-9%

Economics 6-9%

Corporate Issuers 6-9%

Financial Statement Analysis 11-14%

Equity Investments 11-14%

Fixed Income 11-14%

Deriva ves 5-8%

Alterna ve Investments 7-10%

Por olio Management 8-12%

Ethical and Professional Standards 15-20%


1. Quan ta ve Methods

Module 1: Rates and Returns

Module 2: The Time Value of Money in Finance

Module 3: Sta s cal Measures of Asset Returns

Module 4: Probability Trees and Condi onal Expecta ons

Module 5: Por olio Mathema cs

Module 6: Simula on Methods

Module 7: Es ma on and Inference

Module 8: Hypothesis Tes ng

Module 9: Parametric and Non-Parametric Tests of Independence

Module 10: Simple Linear Regression

Module 11: Introduc on to Big Data Techniques

2. Economics

Module 1: Firms and Market Structures

Module 2: Understanding Business Cycles

Module 3: Fiscal Policy

Module 4: Monetary Policy

Module 5: Introduc on to Geopoli cs

Module 6: Interna onal Trade

Module 7: Capital Flows and the FX Market

Module 8: Exchange Rate Calcula ons


3. Corporate Issuers

Module 1: Organiza onal Forms, Corporate Issuer Features, and Ownership

Module 2: Investors and Other Stakeholders

Module 3: Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits

Module 4: Working Capital and Liquidity

Module 5: Capital Investments and Capital Alloca ons

Module 6: Capital Structure

Module 7: Business Models


4. Financial Statement Analysis

Module 1: Introduc on to Financial Statement Analysis

Module 2: Analyzing Income Statements

Module 3: Analyzing Balance Sheets

Module 4: Analyzing Statements of Cash Flows I

Module 5: Analyzing Statements of Cash Flows II

Module 6: Analysis of Inventories

Module 7: Analysis of Long-Term Assets

Module 8: Topics in Long-Term Liabili es and Equity

Module 9: Analysis of Income Taxes

Module 10: Financial Repor ng Quality

Module 11: Financial Analysis Techniques

Module 12: Introduc on to Financial Statement Modeling

5. Economics

Module 1: Market Organiza on and Structure

Module 2: Security Market Indexes

Module 3: Market Efficiency

Module 4: Overview of Equity Securi es

Module 5: Company Analysis: Past and Present

Module 6: Industry and Company Analysis

Module 7: Company Analysis: Forecas ng

Module 8: Equity Valua on: Concepts and Basic Tools


6. Fixed Income

Module 1: Fixed-Income Instrument Features

Module 2: Fixed-Income Cash Flows and Types

Module 3: Fixed Income Issuance and Trading

Module 4: Fixed-Income Markets for Corporate Issuers

Module 5: Fixed-Income Markets for Government Issuers

Module 6: Fixed-Income Bond Valua on: Prices and Yields

Module 7: Yield and Yield Spread Measures for Fixed-Rate Bonds

Module 8: Yield and Yield Spread Measures for Floa ng-Rate Instruments

Module 9: The Term Structure of Interest Rates: Spot, Par, and Forward Curves

Module 10: Interest Rate Risk and Return

Module 11: Yield-Based Bond Dura on Measures and Proper es

Module 12: Yield-Based Bond Convexity and Por olio Proper es

Module 13: Curve-Based and Empirical Fixed-Income Risk Measures

Module 14: Credit Risk

Module 15: Credit Analysis of Government Issuers

Module 16: Credit Analysis for Corporate Issuers

Module 15: Credit Analysis of Government Issuers

Module 17: Fixed-Income Securi za on

Module 18: Asset-Backed Security (ABS) Instrument and Market Features

Module 19: Mortgage-Backed Security (MBS) Instrument and Market Features


7. Deriva ve Investments

Module 1: Deriva ve Instrument and Deriva ve Market Features

Module 2: Forward Commitment and Con ngent Claim Features and Instruments

Module 3: Deriva ve Benefits, Risks, and Issuer and Investor Uses

Module 4: Arbitrage, Replica on, and the Cost of Carry in Pricing Deriva ves

Module 5: Pricing and Valua on of Forward Contracts and for an Underlying with Varying Maturi es

Module 6: Pricing and Valua on of Futures Contracts

Module 7: Pricing and Valua on of Interest Rates and Other Swaps

Module 8: Pricing and Valua on of Op ons

Module 9: Op on Replica on Using Put–Call Parity

Module 10: Valuing a Deriva ve Using a One-Period Binomial Model

8. Alterna ve Investments

Module 1: Alterna ve Investment Features, Methods, and Structures

Module 2: Alterna ve Investment Performance and Returns

Module 3: Investments in Private Capital: Equity and Debt

Module 4: Real Estate and Infrastructure

Module 5: Natural Resources

Module 6: Hedge Funds

Module 7: Introduc on to Digital Assets


9. Por olio Management

Module 1: Por olio Risk and Return: Part I

Module 2: Por olio Risk and Return: Part II

Module 3: Por olio Management: An Overview

Module 4: Basics of Por olio Planning and Construc on

Module 5: The Behavioral Biases of Individuals

Module 6: Introduc on to Risk Management

10. Ethical and Professional Standards

Module 1: Ethics & Trust in the Investment Profession No Change

Module 2: Code of Ethics & Standards of Professional Conduct No Change

Module 3: Guidance for Standards I–VII (MINOR UPDATES) MINOR UPDATES

Module 4: Introduc on to the Global Investment Performance Standards (GIPS) No Change

Module 5: Ethics Applica on (MINOR UPDATES) MINOR UPDATES

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