CFA Exam Syllabus

I want the syllabus of Chartered Financial Analyst CFA exam for preparation so can you please provide me?

[Shaleen]

Ok, as you want the syllabus of Chartered Financial Analyst CFA exam so here I am providing you.

Chartered Financial Analyst CFA exam syllabus-

CFA Level 1-

The CFA Level 1 syllabus focuses on a basic knowledge of the ten topic areas and simple analysis using investment tools.

The syllabus for CFA Level 1 is designed to introduce the candidate to the various concepts of the finance and investment world.

The topic areas covered in the CFA Level 1 syllabus and their weightage is as follows:

Quantitative analysis(12%)-

Time value of money

Discounted cash flow applications

Statistical concepts and market returns

Probability concepts

Common probability distributions

Sampling and estimation

Hypothesis testing

Technical analysis

Corporate finance(7%)-

Capital budgeting

Cost of capital

Measure of leverage

Dividend and share repurchase

Working capital management

Corporate governance

Financial reporting analysis(20%)-

Introduction

Financial reporting mechanics & Standards

Understanding income statements

Understanding balance sheet

Understanding cash flow statements

Financial analysis techniques

Inventories

Long lived assets

Income taxes

Non-current liabilities and leases

Financial reporting quality

Financial statement analysis: Application

Fixed income analysis(10%) -

Fixed income securities

Fixed income markets

Introduction to fixed income valuation

Introduction to Asset backed securities

Understanding fixed income risk and return

Fundamentals of credit analysis

Derivatives(5%)-

Derivatives market and instruments

Basics of derivative pricing and valuation

Risk management applications of option strategies

Portfolio management and wealth planning(7%)-

Portfolio management: An overview

Portfolio risk and return part I

Portfolio risk and return part II

Basics of portfolio planning and construction

Alternative investment(4%)-

Introduction to Alternative investment

Mutual funds

Exchange traded funds

Real Estate

Private equity

Hedge funds

Commodities

Equity Investment(10%)-

Market organisation and structure

Security market indices

Market efficiency

Overview of equity securities

Introduction to Industry and Company analysis

Equity valuation- Concepts and Basic tools

Dividend and share repurchases

Economics(10%)-

Demand & supply analysis: Introduction

Demand & supply analysis: Consumer demand

Demand & supply analysis: The firm

The Firm & market structures

Aggregate output, Prices, Economic growth

Understanding business cycles

Monetary and Fiscal policy

International trade and Capital flows

Currency exchange rates

Demand & supply analysis: The firm

Ethics(15%)-

Standards of professional conduct

Global Investment Performance standard

CFA Level 2 Syllabus-

The CFA Level 2 Exam Syllabus consists of basic knowledge and comprehension questions focused on investment tools; some questions will require analysis.

The entire syllabus for CFA Level 2 exam is broken down into 10 topics and weight age is given to each of these topics. in order to study the syllabus effectively, one would need to make use of study notes for CFA Level 2.

The topic areas covered in the CFA Level 2 syllabus and their weight age is as follows:

Topic Area Weight age (%)
Ethical and Professional Standards 10-15%
Quantitative Methods 5-10%
Economics 5-10%
Financial Reporting and Analysis 15-20%
Corporate Finance 5-15%
Equity Valuation 15-25%
Alternative Investments 5-10%
Fixed Income 10-20%
Derivative Investment 5-15%
Portfolio Management 5-10%