My exam preparation notes for Chartered Financial Analyst program. All formulas, figures, and some contents are referenced from Wikipedia and Schweser study notes. More useful information at the Analyst discussion forum.
Level III
For 2012 June exam. Update: It happens that I did not pass the exam in 2011; therefore, to better contribute to the web community as well as my own learning, I will soon start posting level III notes, possibly as comprehensive as those for level II.
|
| Subject |
Item Set portion |
Essay portion |
Status |
| Review of previous level contents |
| 1-6. Ethics: Codes and Standards |
10% |
|
✔ |
| 7-13. Behavioral Finance |
|
5% |
✔ |
| 14-19. Private Wealth Management |
|
10% |
✔ |
| 20-22. Institutional Investors |
|
10% |
✔ |
| 23-25. Economics |
|
5% |
✔ |
| 26-27. Asset Allocation |
|
5% |
✔ |
| 28-31. Fixed-Income Portfolios |
10% |
5% |
✔ |
| 32-35. Equity Portfolios |
5% |
|
✔ |
| 36-38. Alternative Investments |
|
|
✔ |
| 39-41. Risk Management |
5% |
5% |
✔ |
| 42-43. Derivatives |
10% |
|
✔ |
| 44-47. Monitoring and Evaluation |
5% |
5% |
|
| 48. Global Investment Performance Standards |
5% |
|
|
Level II
In accordance to the proportion each subject topic comprised of in 2010 June exam, yet which is merely approximate to the testtaker's unreliable memory.
| Subject |
Topic |
| Ethics |
1-2. Code of Ethics and Standards |
| 3-10. Soft Dollar Standards, Research Objectivity Standards, Prudence |
| Quant. |
11-13. Correlation & Regression, Time-Series Analysis |
| Economics |
14-20. Growth Theory/Regulation, Currency Exchange |
Financial Statement
Analysis |
21. Intercorporate Investments |
| 22. Employee Compensation |
| 23. Multinational Operations |
| 24-26. Financial Statement Analysis |
| Corp. Fin. |
27-28. Capital Leverage |
| 29-31. Dividend Policy, Corporate Governance, Mergers and Acquisitions |
| Equity |
32-39. Equity Valuation, Capital Asset Pricing Model |
| 40,42. Discounted Dividend Valuation, Market-Based Valuation |
| 41,43. Free Cash Flow Valuation, Residual Income Valuation |
| 44. Private Company Valuation |
| Alternatives |
45-50. Real Estate, Commodities, Hedge Funds, Private Equity Valuation |
| Fixed Income |
51-54. Credit Analysis, Interest Rate Volatility, Bond Valuation |
| 55-57. Mortgage/Asset-Backed Securities |
| Derivatives |
58-59. Forwards & Futures |
| 60-63. Options, Swaps |
| Portfolio Mgmt. |
64-68. Mean Valuation Analysis, Portfolio Management |
|
|
