I had a short stint with CFA Level-I. Though preparation started with very high ambition, the time allocation turned out little premature. CFA Institute recommends 250 hours of study with the expected background/familiarity with the topics.
| Functional Area | Weightage | TOPICS | STUDY SESSION | | Comments/Notes | |
| Ethical and Professional Standards | 15% | Study Session 1 (PDF) |
| Code of Ethics and Standards of Professional Conduct “Guidance” for Standards I – VII Introduction to the Global Investment Performance Standards(GIPS®) Global Investment Performance Standards (GIPS®) I Introduction II Provisions of the Global Investment Performance Standards II-0 Fundamentals of Compliance | ||
| | 12% | |
|
| Time-value of money 183-224 Disc. Cash Flow Application 225-250 Stat and market returns 251-328 Probability: 329-368 (376) | |
| Study Session 3 (PDF) |
| Com. Prob. Dist: 378-428 Sample & Estimation: 433-460 Hypothesis testing: 465-505 Correlation & Regression: 507-575 | ||||
| 10% | Micro | Study Session 4 (PDF) |
| Elasticity Efficiency and Equity Markets in Action Organizing Production Output and Costs Perfect Competition Monopoly Monopolistic Competition and Oligopoly | ||
| | Study Session 5 (PDF) |
| Demand and Supply in Factor Markets Monitoring Cycles, Jobs, and the Price Level Aggregate Supply and Aggregate Demand Money, Banks, and the Federal Reserve Money, Interest, Real GDP, and the Price Level Inflation Fiscal Policy Monetary Policy | |||
| Global | Study Session 6 (PDF) |
30 31 32 | Trading with the World International Finance Foreign Exchange Foreign Exchange Parity Relations | |||
| Tools and Inputs | 20% | |
|
| FS statement caveats cash flow Analysis of Cash Flow account standards | |
| Study Session 8 (PDF) |
- | FS & Ratio analysis EPS and equity. | ||||
| | Study Session 9 (PDF) |
| Inventories Assets Capitalization Depreciation. | |||
| Study Session 10 (PDF) |
45, 46 | FS stmt vs Tax stmt; hidden liabilities; leasing | ||||
| | 8% | Study Session 11 (PDF) | 47 48 49 50 51 | Capital Budgeting Cost of Capital Capital Structure and Leverage Dividends and Dividend Policy The Corporate Governance of Listed Companies: A Manual for investors | ||
| Portfolio Management | 5% | Portfolio Management | Study Session 12 (PDF) | 52 53 54 | The Asset Allocation Decision (small) An Introduction to Portfolio Management (LONG) An Introduction to Asset Pricing Models (long) | |
| 10% | Analysis of Equity Investments | Study Session 13 (PDF) | 55 56 57 58 | Organization and Functioning of Securities Markets (small) Security-Market Indexes (small) Efficient Capital Markets (very small) Market Efficiency and Anomalies (very small) | ||
| | Analysis of Equity Investment: Industry/Company anal. | Study Session 14 (PDF) | 59-60 61 62 63 64 | An Introduction to Security Valuation + Industry Analysis (large) Equity: Concepts and Techniques (very small) Company Analysis and Stock Valuation (very small) Technical Analysis (very small) Introduction to Price Multiples (very small) | ||
| 12%
| Analysis of Fixed Income Investments | Study Session 15 (PDF) | 65 66 67 68 69 | Features of Debt Securities Risks Associated with Investing in Bonds Overview of Bond Sectors and Instruments Understanding Yield Spreads Monetary Policy in an Environment of Global Financial Markets (very very small) | ||
| Asset Evaluation | Fixed Income | Study Session 16 (PDF) | 70 71 72 | Introduction to the Valuation of Debt Securities Yield Measures, Spot Rates, and Forward Rates Introduction to the Measurement of Interest Rate Risk | ||
| | 5% | Derivatives | Study Session 17 (PDF) | 73 74 75 76 77 78 | Derivative Markets and Instruments Forward Markets and Contracts Futures Markets and Contracts Option Markets and Contracts Swap Markets and Contracts Risk Management Applications of Option Strategies | |
| | 3% | Alternate Investments | Study Session 18 (PDF) | 79 | Alternative Investments | |
| Exams | 100 % | | | | ||
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