Update: 3/6/13: I obviously didn’t finish up the series of CFA posts. It’s like a full-time job if I wanted to do a great job on them. I should mention that these notes were very useful for myself when I took Accounting and Finance during my first semester in the MBA. When I get my time, I will try to improve on them. It is hard to find someone who can explain accounting and finance in an intuitive way, because if it isn’t intuitive, you will forget it eventually.
List of CFA Posts:
4) Financial Reporting and Analysis: General Overview and Philosophy
5) Financial Reporting and Analysis: Income Statement
6) Financial Reporting and Analysis: Balance Sheet
7) Financial Reporting and Analysis: Cash Flow Statement
8) Financial Reporting and Analysis: Inventories
9) Corporate Finance
10) M Equity
11) Fixed Income
12) Derivatives, Alternative Investments
13) Economics
List of Learning Outcome Statements (LOS) -source, broken down into two lists, a priority study list, a lesser priority study list, and an ignore list.
| Priority Study List | Secondary Priority Study List | Ignore List |
| 1-8, 12, 43-46, 22-35, 36-42, 53-59, 47-52 | 60-67 | 9-11, 13-21 |
A) Priority Study List
Reading 1: Code of Ethics and Standards of Professional Conduct
Reading 2: Guidance for Standards I–VII
Reading 3: Introduction to the Global Investment Performance Standards (GIPS)
Reading 4: Global Investment Performance Standards (GIPS)
Reading 5: The Time Value of Money
Reading 6: Discounted Cash Flow Applications
Reading 7: Statistical Concepts and Market Returns
Reading 8: Probability Concepts
Reading 12: Technical Analysis
Reading 22: Financial Statement Analysis: An Introduction
Reading 23: Financial Reporting Mechanics
Reading 24: Financial Reporting Standards
Reading 25: Understanding Income Statements
Reading 26: Understanding Balance Sheets
Reading 27: Understanding Cash Flow Statements
Reading 28: Financial Analysis Techniques
Reading 29: Inventories
Reading 30: Long-lived Assets
Reading 31: Income Taxes
Reading 32: Non-current (Long-term) Liabilities
Reading 33: Financial Reporting Quality: Red Flags and Accounting Warning Signs
Reading 34: Accounting Shenanigans on the Cash Flow Statement
Reading 35: Financial Statement Analysis: Applications
Reading 36: Capital Budgeting
Reading 37: Cost of Capital
Reading 38: Measures of Leverage
Reading 39: Dividends and Share Repurchases: Basics
Reading 40: Working Capital Management
Reading 41: Financial Statement Analysis
Reading 42: The Corporate Governance of Listed Companies: A Manual for Investors
Reading 43: Portfolio Management: An Overview
Reading 44: Portfolio Risk and Return: Part I
Reading 45: Portfolio Risk and Return: Part II
Reading 46: Basics of Portfolio Planning and Construction
Reading 47: Market Organization and Structure
Reading 48: Security Market Indices
Reading 49: Market Efficiency
Reading 50: Overview of Equity Securities
Reading 51: Introduction to Industry and Company Analysis
Reading 52: Equity Valuation: Concepts and Basic Tools
Reading 53: Features of Debt Securities
Reading 54: Risks Associated with Investing in Bonds
Reading 55: Overview of Bond Sectors and Instruments
Reading 56: Understanding Yield Spreads
Reading 57: Introduction to the Valuation of Debt Securities
Reading 58: Yield Measures, Spot Rates, and Forward Rates
Reading 59: Introduction to the Measurement of Interest Rate Risk
B) Secondary Priority Study List
Reading 60: Derivative Markets and Instruments
Reading 61: Forward Markets and Contracts
Reading 62: Futures Markets and Contracts
Reading 63: Option Markets and Contracts
Reading 64: Swap Markets and Contracts
Reading 65: Risk Management Applications of Option Strategies
Reading 66: Alternative Investments
Reading 67: Investing in Commodities
C) Ignore List
Reading 9: Common Probability Distributions
Reading 10: Sampling and Estimation
Reading 11: Hypothesis Testing
Reading 13: Demand and Supply Analysis: Introduction
Reading 14: Demand and Supply Analysis: Consumer Demand
Reading 15: Demand and Supply Analysis: The Firm
Reading 16: The Firm and Market Structures
Reading 17: Aggregate Output, Prices, and Economic Growth
Reading 18: Understanding Business Cycles
Reading 19: Monetary and Fiscal Policy
Reading 20: International Trade and Capital Flows
Reading 21: Currency Exchange Rates