CFA Level 1 exam is a basic level exam, which mainly involves investment tools, financial statement analysis, economics and other knowledge. Specifically, CFA Level 1 exam includes the following subjects:
Ethics and Professional Standards: This course mainly examines the ethics and professional standards of the investment industry, as well as the Global Investment Performance Standards (GIPS).
Quantitative method: This course mainly examines the basic concepts of statistics and probability theory, and how to use these concepts for investment analysis and decision-making.
Economics: This course mainly examines the basic concepts and principles of macroeconomics and microeconomics, and their application in investment decision-making.
Financial statement analysis: This course mainly examines how to analyze and interpret financial statements, including balance sheet, income statement and cash flow statement, and how to evaluate the financial position and performance of the company.
Investment tools: This course mainly examines the characteristics and risks of various investment tools, including stocks, bonds, futures and options.
Asset evaluation: This course mainly examines how to evaluate the value and risk of various assets, including stocks, bonds and real estate.
Portfolio management: This course mainly examines how to construct and manage a portfolio, including asset allocation, risk management and performance evaluation.
CFA Level 2 exam is a further deepening and expansion on the basis of Level 1 exam, which mainly involves knowledge and skills in asset evaluation, fixed income securities, stock analysis, financial derivatives and so on. Specifically, CFA Level 2 exam includes the following subjects:
Asset evaluation: This course mainly examines how to evaluate the value and risk of different assets, including stocks, bonds and real estate.
Fixed income securities: This course mainly examines the characteristics and risks of fixed income securities, including bonds and preferred stocks.
Stock analysis: This course mainly examines how to analyze and evaluate the value and risk of stocks, including fundamental analysis and quantitative analysis.
Financial Derivatives: This course mainly examines the characteristics and risks of financial derivatives, including futures and options.
Portfolio management: This course mainly examines how to construct and manage a portfolio, including asset allocation, risk management and performance evaluation.
CFA Level 3 exam is the highest level exam, which mainly involves knowledge and skills in investment strategy, risk management and investment decision-making. Specifically, the CFA Level 3 exam includes the following subjects:
Investment strategy: This course mainly examines how to formulate and implement investment strategies, including asset allocation and investment timing.
Risk management: This course mainly examines how to evaluate and manage investment risks, including market risks and credit risks.
Investment decision: This course mainly examines how to make investment decisions according to investment objectives and risk preferences, including single-asset investment decisions and multi-asset investment decisions.
Equity investment: This course mainly examines how to analyze and evaluate the value and risk of equity assets, including stocks and equity funds.
Fixed income securities: This course mainly examines the characteristics and risks of fixed income securities, including bonds and preferred stocks.
Financial Derivatives: This course mainly examines the characteristics and risks of financial derivatives, including futures and options.
Alternative investment: This course mainly examines the characteristics and risks of alternative investment, including private equity and real estate.
Generally speaking, CFA exam involves a wide range of subjects, which requires candidates to have solid financial knowledge and analytical ability to successfully pass the exam. Candidates need to thoroughly study the knowledge points of various subjects, improve their ability to analyze and solve problems, and be familiar with the examination forms and requirements. /5 bafa 40 f 4 bfbfbedec 8599 e 46 af 0f 736 AEC 3 1f 48？ x-BCE-process = image % 2f resize % 2Cm _ lfit % 2Cw _ 450% 2Ch _ 600% 2c limit _ 1% 2f quality % 2Cq _ 85% 2f format % 2Cf _ auto