CFA

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:

1) Introduction and Strategy

2) Quantitative Methods

3) Portfolio Management

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

 

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