Current location - Trademark Inquiry Complete Network - Tian Tian Fund - What are the important and difficult points in the CFA Level 1 exam?
What are the important and difficult points in the CFA Level 1 exam?

The CFA Level 1 exam course focuses on the tools and factors of investment evaluation and management, including an introductory introduction to asset valuation and portfolio management techniques.

The first stage (Level I) is in the form of Multiple Choice, with 120 questions in each paper and 240 questions in total.

Explain the weighting and difficulty of the top ten subjects in the CFA Level 1 exam.

Everyone's foundation is different. The difficulty data is based on feedback from online CFA fans and is for reference only.

1. Ethics weight: 15% Difficulty: The DCFA Association examines whether CFA candidates have mastered CFA ethics and standards. The important principle is: application rather than rote memorization.

Each CFA exam question is a targeted and typical case.

CFA candidates need to make correct judgments in case scenarios rich in work and life references.

Merely knowing the specific content of each criterion but not being familiar with the application of each criterion will not help CFA candidates successfully pass the CFA exam, let alone become a qualified Chartered Financial Analyst. You don't need to worry about this.

CFA ethics and standards are actually widely used in the financial investment industry.

At the micro level, the company's establishment of strict and clear ethical and professional behavioral standards can ensure that employees provide standardized and satisfactory investment services to customers, and can also help employees correctly handle ethical dilemmas often encountered at work.

At a macro level, by encouraging companies to comply with industry standards of ethics and professional conduct, it helps to improve the integrity and efficient operation of the entire financial market.

In order to answer the CFA Ethics and Standards exam questions efficiently and accurately, CFA candidates should do the following: 1. Be familiar with the seven CFA Professional Codes of Conduct and the detailed rules under each code.

2: Be familiar with the code compliance procedures recommended by CFA Institute.

3: Read the case, understand and master the correct application of CFA ethics and principles in case study.

2. Quantitative weighting: 12% Difficulty: The quantitative part of the BCFA Level 1 exam is difficult for many candidates with non-financial and science and engineering backgrounds.

A knowledge framework needs to be established.

The test points for the subject of quantity are relatively stable. Generally speaking, the courses for the quantity test points are basically covered.

Some important test points that were frequently tested in previous years have appeared in several first-level exams, but there are also a few questions that are relatively flexible.

Be proficient in using a calculator, do more questions, and say important things n times!

3. Economics Weight: 10% Difficulty: B-The economics course uses classic macroeconomics and microeconomics content to explain elasticity, price curves, producer surplus, consumer surplus, monopoly and market forms, macrofinancial policies and central bank knowledge.

, allowing candidates to understand the macro and micro economic knowledge of economic operations.

Many students report that the CFA Level 1 Economics course has a lot of content, but they don’t know how to start reviewing it.

In fact, this is related to the subject characteristics of the economics course. CFA Level 1 includes microeconomics, macroeconomics and international economics. There is really a lot of content, but the exam only accounts for 10%.

However, the questions in the actual exam are not difficult, and it is relatively easy to score points.

For many candidates, economics is a breakthrough point to improve their grades.

In the process of learning economics, you should always abide by the principle of "understand first, remember later" so that you can get twice the result with half the effort.

It is also essential to summarize more of your own wrong questions.

A more convenient review method is to focus on the big ones and let go of the small ones.

Master 100% of the key points and common test points mentioned by Teacher Bi in the CFA Level 1 single subject assessment class. Some of the trivial content that requires time to memorize can be appropriately based on your own situation.

Choose to give up.

For example, interest rate parity calculation, monetary policy, fiscal policy, GDP, etc. must be clearly understood.

Another way is to do more questions, summarize the knowledge points from the questions, and review them in turn. However, the systematicness and completeness of the knowledge structure may be slightly affected.

4. Financial statement analysis Proportion: 20% Difficulty: E Financial statements are the focus of CFA Level 1 and Level 2 exams. In addition, they are the basis for subjects such as corporate finance, equity investment and alternative investments. Their influence and weight are self-evident.

.

The content covers the three major accounting statements, cash flow measurement and control, pension accounting, management accounting, tax avoidance FACC and other accounting terms. The exam is not difficult, and the current assessment method is more flexible.

Financial statements are a key subject in Level 1 and Level 2, accounting for about 20% of the weight of the exam, giving it a larger weight.

In terms of learning methods, firstly, we must emphasize early preview, timely review and more exercises; secondly, relatively more memory is required, especially financial indicators, how to calculate asset turnover ratio, which category it belongs to, and what are the three-step and five-step methods of DuPont analysis?

Well, this all requires memory.

Including the differences between IFRS and GAAP, "why this is so" is not important. Regulations and systems are like laws. Looking for rationality may not be effective for learning and mastering.