overview

Module 1 Corporate Structures and Ownership

Module 2 Introduction to Corporate Governance and Other ESG Considerations

Module 3 Business Models & Risks

Module 4 Capital Investments

Module 5 Working Capital & Liquidity

Module 6 Cost of Capital-Foundational Topics

Module 7 Capital Structure

Module 8 Measure of Leverage

Module 1 Market Organization and Structure

Module 2 Security Market Indices

Module 3 Market Efficiency

Module 4 Overview of Equity Securities

Module 5 Introduction to Industry and company Analysis

Module 6 Equity Valuation: Concept and Basic Tool

Module 1 Fixed-Income Securities: Defining Elements

Module 2 Fixed-Income Markets: Issuance, Trading, and Funding

Module 3 Introduction to Fixed-Income Valuation

Module 4 Introduction to Asset-Backed Securities

Module 5 Understanding Fixed-Income Risk and Return

Module 6 Fundamentals of Credit Analysis

Module 1 Derivative Instrument and Derivative Market Features

Module 2 Forward Commitment and Contingent Claim Features and Instruments

Module 3 Derivative Benefits, Risks, and Issuer and Investor Uses

Module 4 Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives

Module 5 Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities

Module 6 Pricing and Valuation of Futures Contracts

Module 7 Pricing and Valuation of Interest Rates and Other Swaps

Module 8 Pricing and Valuation of Options

Module 9 Option Replication Using Put–Call Parity

Module 10 Valuing a Derivative Using a One-Period Binomial Model

Module 1 Categories, Characteristics, and Compensation Structures of Alternative Investments

Module 2 Performance Calculation and Appraisal of Alternative Investments

Module 3 Private Capital, Real Estate, Infrastructure, Natural Resources, and Hedge Funds

Module 1 Portfolio management overview

Module 2 Portfolio Risk and Return: Part Ⅰ

Module 3 Portfolio Risk and Return: Part Ⅱ

Module 4 Basic of Portfolio Planning and Construction

Module 5 The Behavioral Biases of Individuals

Module 6 Introduction to Risk Management

Module 7 Technical Analysis

Module 8 Fintech in Investment Management

Module 1 Ethics and Professionalism

Module 2 Code of Ethics and Standards of Professional Conduct

Module 3 Guidance for Standards I–VII

Module 4 Introduction to the Global Investment Performance Standards (GIPS)

Module 5 Ethics Application

Module 1 Introduction to Financial Statement Analysis

Module 2 Financial Reporting Standards

Module 3 Understanding Income Statements

Module 4 Understanding Balance Sheets

Module 5 Understanding Cash Flow Statements

Module 6 Financial Analysis Techniques

Module 7 Inventories

Module 8 Long-Lived Assets

Module 9 Income Taxes

Module 10 Long-Term Liabilities and Leases

Module 11 Financial Reporting Quality

Module 12 Financial Statement Analysis: Applications

Introduction

Module 1 Introduction to Financial Statement Analysis

Module 2 Financial Reporting Standards

Module 3 Understanding Income Statements

Module 4 Understanding Balance Sheets

Module 5 Understanding Cash Flow Statements

Module 6 Financial Analysis Techniques

Module 7 Inventories

Module 8 Long-Lived Assets

Module 9 Income taxes

Module 10 Long-Term Liabilities

Module 11 Financial reporting quality

Module 12 Applications of Financial Statement Analysis

overview

Module 1 Topics in Demand and Supply Analysis

Module 2 The Firm and Market Structures

Module 3 Aggregate Output, Prices, and Economic Growth

Module 4 Understanding Business Cycles

Module 5 Monetary and Fiscal Policy

Module 6 Introduction to Geopolitics

Module 7 International Trade and Capital Flows

Module 8 Currency Exchange Rates

Module 1 The Time Value of Money

Module 2 Organizing, Visualizing, and Describing Data

Module 3 Probability Concepts

Module 4 Common Probability Distributions

Module 5 Sampling and Estimation

Module 6 Hypothesis Testing

Module 7 Introduction to Linear Regression

計算機使用教程

1 - 計算器基本操作

2 - CFA考試用操作和功能

3 - CFA考試用功能的經典例題

4 - CFA考試推薦設置

金融數學

CFA考前注意事項

金融英語

財務報表分析前導

2023年一級考綱變化

官方機考系統介紹

Module 1 The Time Value of Money

Module 2 Organizing, Visualizing, and Describing Data

Module 3 Probability Concepts

Module 4 Common Probability Distributions

Module 5 Sampling and Estimation

Module 6 Hypothesis Testing

Module 7 Introduction to Linear Regression

Module 1 Topics in Demand and Supply Analysis

Module 2 The Firm and Market Structures

Module 3 Aggregate Output, Prices, and Economic Growth

Module 4 Understanding Business Cycles

Module 5 Monetary and Fiscal Policy

Module 6 Introduction to Geopolitics

Module 7 International Trade and Capital Flows

Module 8 Currency Exchange Rates

Module 1 Introduction to Financial Statement Analysis

Module 2 Financial Reporting Standards

Module 3 Understanding Income Statements

Module 4 Understanding Balance Sheets

Module 5 Understanding Cash Flow Statements

Module 6 Financial Analysis Techniques

Module 7 Inventories

Module 8 Long-Lived Assets

Module 9 Income taxes

Module 10 Long-Term Liabilities

Module 11 Financial reporting quality

Module 12 Applications of Financial Statement Analysis

Module 1 Introduction to Financial Statement Analysis

Module 2 Financial Reporting Standards

Module 3 Understanding Income Statements

Module 4 Understanding Balance Sheets

Module 5 Understanding Cash Flow Statements

Module 6 Financial Analysis Techniques

Module 7 Inventories

Module 8 Long-Lived Assets

Module 9 Income Taxes

Module 10 Long-Term Liabilities and Leases

Module 11 Financial Reporting Quality

Module 12 Financial Statement Analysis: Applications

習題知識點匯總

Module 1 Corporate Structures and Ownership

Module 2 Introduction to Corporate Governance and Other ESG Considerations

Module 3 Business Models & Risks

Module 4 Capital Investments

Module 5 Working Capital & Liquidity

Module 6 Cost of Capital-Foundational Topics

Module 7 Capital Structure

Module 8 Measure of Leverage

Module 1 Market Organization and Structure

Module 2 Security Market Indices

Module 3 Market Efficiency

Module 4 Overview of Equity Securities

Module 5 Introduction to Industry and company Analysis

Module 6 Equity Valuation: Concept and Basic Tool

Module 1 Fixed-Income Securities: Defining Elements

Module 2 Fixed-Income Markets: Issuance, Trading, and Funding

Module 3 Introduction to Fixed-Income Valuation

Module 4 Introduction to Asset-Backed Securities

Module 5 Understanding Fixed-Income Risk and Return

Module 6 Fundamentals of Credit Analysis

Module 1 Derivative Instrument and Derivative Market Features

Module 2 Forward Commitment and Contingent Claim Features and Instruments

Module 3 Derivative Benefits, Risks, and Issuer and Investor Uses

Module 5 Pricing and Valuation of Forward Contracts and for an Underlying with Varying Maturities

Module 6 Pricing and Valuation of Futures Contracts

Module 7 Pricing and Valuation of Interest Rates and Other Swaps

Module 8 Pricing and Valuation of Options

Module 10 Valuing a Derivative Using a One-Period Binomial Model

Module 1 Categories, Characteristics, and Compensation Structures of Alternative Investments

Module 2 Performance Calculation and Appraisal of Alternative Investments

Module 3 Private Capital, Real Estate, Infrastructure, Natural Resources, and Hedge Funds

Module 1 Portfolio management overview

Module 2 Portfolio Risk and Return- Part I

Module 3 Portfolio Risk and Return- Part II

Module 4 Basics of Portfolio Planning and Construction

Module 5 The Behavioral Biases of Individuals

Module 6 Introduction to Risk Management

Module 7 Technical Analysis

Module 8 Fintech in Investment Management

Module 1 Ethics and Trust in the Investment Profession

Module 2 Code of Ethics and Standards of Professional Conduct

Module 3 Guidance for Standards I–VII

Module 4 Introduction to the Global Investment Performance Standards (GIPS)

Module 1 Analysis of Dividends and Share Repurchases

Module 2 Environmental, Social, and Governance (ESG) Considerations in Investment Analysis

Module 3 Cost of Capital: Advanced Topics

Module 4 Corporate Restructuring

Module 1 Equity Valuation: Applications and Processes

Module 2 Discounted Dividend Valuation

Module 3 Free Cash Flow Valuation

Module 4 Market-Based Valuation: Price and Enterprise Value Multiples

Module 5 Residual Income Valuation

Module 6 Private Company Valuation

Module 1 The Term Structure and Interest Rate Dynamics

Module 2 The Arbitrage-Free Valuation Framework

Module 3 Valuation and Analysis of Bonds with Embedded Options

Module 4 Credit Analysis Models

Module 5 Credit Default Swaps

Module 1 Pricing and Valuation of Forward Commitments

Module 2 Valuation of Contingent Claims

Module 1 Overview of Types of Real Estate Investment

Module 2 Investments in Real Estate through Private Vehicles

Module 3 Investments in Real Estate Through Publicly Traded Securities

Module 4 Private Equity Investments

Module 5 Introduction to Commodities and Commodity Derivatives

Module 1 Exchange-Traded Funds: Mechanics and Applications

Module 2 Using Multifactor Models

Module 3 Measuring and Managing Market Risk

Module 4 Backtesting and Simulation

Module 5 Economics and Investment Markets

Module 6 Analysis of Active Portfolio Management

Module 7 Trading Costs and Electronic Markets

Module 1 Code of Ethics and Standards of Professional Conduct

Module 2 Guidance for Standards I–VII

Module 3 Application of the Code and Standards: Level II

Module 1 Intercorporate Investments

Module 2 Employee Compensation: Post-Employment and Share-Based

Module 3 Multinational Operations

Module 4 Analysis of Financial Institutions

Module 5 Evaluating Quality of Financial Reports

Module 6 Integration of Financial Statement Analysis Techniques

Module 7 Financial Statement Modeling

Module 1 Intercorporate Investments

Module 2 Employee Compensation: Post-Employment and Share-Based

Module 3 Multinational Operations

Module 4 Analysis of Financial Institutions

Module 5 Evaluating Quality of Financial Reports

Module 6 Integration of Financial Statement Analysis Techniques

Module 7 Financial Statement Modeling

overview

Module 1 Currency Exchange Rates- Understanding Equilibrium Value

Module 2 Economic Growth and investment decision

Module 3 Economics of Regulation

Module 1 Basics of Multiple Regression and Underlying Assumptions

Module 2 Evaluating Regression Model Fit and Interpreting Model Results

Module 3 Model Misspecification

Module 4 Extensions of Multiple Regression

Module 5 Time-Series Analysis

Module 6 Machine learning ( ML )

Module 7 Big Data Projects

Module 1 Basics of Multiple Regression and Underlying Assumptions

Module 2 Evaluating Regression Model Fit and Interpreting Model Results

Module 3 Model Misspecification

Module 4 Extensions of Multiple Regression

Module 5 Time-Series Analysis

Module 6 Machine learning ( ML )

Module 7 Big Data Projects

Module 1 Currency Exchange Rates- Understanding Equilibrium Value

Module 2 Economic Growth and investment decision

Module 3 Economics of Regulation

Module 1 Intercorporate Investments

Module 2 Employee Compensation: Post-Employment and Share-Based

Module 3 Multinational Operations

Module 4 Analysis of Financial Institutions

Module 5 Evaluating Quality of Financial Reports

Module 6 Integration of Financial Statement Analysis Techniques

Module 7 Financial Statement Modeling

Module 1 Intercorporate Investments

Module 2 Employee Compensation: Post-Employment and Share-Based

Module 3 Multinational Operations

Module 4 Analysis of Financial Institutions

Module 5 Evaluating Quality of Financial Reports

Module 6 Integration of Financial Statement Analysis Techniques

Module 7 Financial Statement Modeling

Module 1 Analysis of Dividends and Share Repurchases

Module 2 Environmental, Social, and Governance (ESG) Considerations in Investment Analysis

Module 3 Cost of Capital: Advanced Topics

Module 4 Corporate Restructuring

Module 1 Equity Valuation: Applications and Processes

Module 2 Discounted Dividend Valuation

Module 3 Free Cash Flow Valuation

Module 4 Market-Based Valuation: Price and Enterprise Value Multiples

Module 5 Residual Income Valuation

Module 6 Private Company Valuation

Module 1 The Term Structure and Interest Rate Dynamics

Module 2 The Arbitrage-Free Valuation Framework

Module 3 Valuation and Analysis of Bonds with Embedded Options

Module 4 Credit Analysis Models

Module 5 Credit Default Swaps

Module 1 Pricing and Valuation of Forward Commitments

Module 2 Valuation of Contingent Claims

Module 2 Investments in Real Estate through Private Vehicles

Module 3 Investments in Real Estate Through Publicly Traded Securities

Module 4 Private Equity Investments

Module 5 Introduction to Commodities and Commodity Derivatives

Module 1 Exchange-Traded Funds: Mechanics and Applications

Module 2 Using Multifactor Models

Module 3 Measuring and Managing Market Risk

Module 4 Backtesting and Simulation

Module 5 Economics and Investment Markets

Module 6 Analysis of Active Portfolio Management

Module 7 Trading Costs and Electronic Markets

Module 2 Guidance for Standards I–VII

考綱解讀

1.1 Interest Rates and Return Measurement

1.2 Time Weighted and Money Weighted Returns

1.3 Common Measures of Return

2.1 Discounted Cash Flow Valuation

2.2 Implied Returns and Cash Flow Additivity

3.1 Central Tendency and Dispersion

3.2 Skewness Kurtosis and Correlation

4.1 Probability Models Expected Values and Bayes Formula

5.1 Probability Models for Portfolio Return and Risk

6.1 Lognormal Distributions and Simulation Techniques

7.1 Sampling Techniques and the Central Limit Theorem

8.1 Hypothesis Testing Basics

8.2 Types of Hypothesis Tests

9.1 Tests for Independence

10.1 Linear Regression Basics

10.2 Analysis of Variance ANOVA and Goodness of Fit

10.3 Predicted Values and Functional Forms of Regression

11.1 Introduction to Fintech

12.1 Breakeven Shutdown and Scale

12.2 Characteristics of Market structures

12.3 Identifying Market Structures

13.1 Business Cycles

14.1 Fiscal Policy Objectives

14.2 Ficsal Policy Tools and Implementation

15.1 Central Bank Objectives and Tools

15.2 Monetary Policy Effects and Limitations

16.1 Geopolitics

17.1 International Trade

18.1 The Foreign Exchange Market

18.2 Managing Exchange Rates

19.1 Foreign Exchange Rates

20.1 Historical Risk and Return

20.2 Risk Aversion

20.3 Portfolio Standard Deviation

20.4 The Efficient Frontier

21.1 Systematic Risk and Beta

21.2 The CAPM and the SML

22.1 Features of Corporate Issuers

23.1 Stakeholders and ESG Factors

24.1 Corporate Governance

25.1 Liquidity Measures and Management

26.1 Capital Investments and Project Measures

26.2 Capital Allocation Principles and Real Options

27.1 Weighted Average Cost of Capital

27.2 Capital Structure Theories

28.1 Business Model Features and Types

29.1 Financial Statement Roles

30.1 Revenue Recognition

30.2 Expense Recognition

30.3 Nonrecurring Items

30.4 Earnings Per Share

30.5 Ratios and Common Size Income Statements

31.1 Intangible Assets and Marketable Securities

31.2 Common Size Balance Sheets

32.1 Cash Flow Introduction and Direct Method CFO

32.2 Indirect Method CFO

32.3 Investing and Financing Cash Flows and IFRSU.S. GAAP Differences

33.1 Analyzing Statements of Cash Flows II

34.1 Inventory Measurement

34.2 Inflation Impact on FIFO and LIFO

34.3 Presentation and Disclosure

35.1 Intangible Long Lived Assets

35.2 Impairment and Derecognition

35.3 Long Term Asset Disclosures

36.1 Leases

36.2 Deferred Compensation and Disclosures

37.1 Differences Between Accounting Profit and Taxable Income

37.2 Deferred Tax Assets and Liabilities

37.3 Tax Rates and Disclosures

38.1 Reporting Quality

38.2 Accounting Choices and Estimates

38.3 Warning Signs

39.1 Introduction to Financial Ratios

39.2 Financial Ratios Part 1

39.2 Financial Ratios Part 1

39.3 Financial Ratios Part 2

39.4 DuPont Analysis

39.5 Industry Specific Financial Ratios

40.1 Financial Statement Modeling

41.1 Markets Assets and Intermediaries

41.2 Positions and Leverage

41.3 Order Execution and Validity

42.1 Index Weighting Methods

42.2 Uses and Types of Indexes

43.1 Market Efficiency

44.1 Types of Equity Investments

44.2 Foreign Equities and Equity Risk

45.1 Company Research Reports

45.2 Revenue, Profitability, and Capital

46.1 Industry Analysis

46.2 Industry Structure and Competitive Positioning

47.1 Forecasting in Company Analysis

48.1 Dividends, Splits, and Repurchases

48.2 Dividend Discount Models

48.3 Relative Valuation Measures

49.1 Fixed Income Instrument Features

50.1 Fixed Income Cash Flows and Types

51.1 Fixed Income Issuance and Trading

52.1 Fixed Income Markets for Corporate Issuers

53.1 Fixed Income Markets for Government Issuers

54.1 Fixed Income Bond Valuation：Prices and Yields

55.1 Yield and Yield Spread Measures for Fixed Rate Bonds

56.1 Yield and Yield Spread Measures for Floating Rate Instruments

57.1 Term Structure of Interest Rates-Spot Par and Forward Curves

58.1 Interest Rate Risk and Return

59.1 Yield Based Bond Duration Measures and Properties

60.1 Yield Based Bond Convexity and Portfolio Properties

61.1 Curve Based and Empirical Fixed Income Risk Measures

62.1 Credit Risk

63.1 Credit Analysis for Govt Issuers

64.1 Credit Analysis for Corporate Issuers

65.1 Fixed Income Securitization

66.1 Asset Backed Security Instrument and Market Features

67.1 Mortgage Backed Securities Instruments and Market Features

68.1 Derivatives Markets

69.1 Forwards and Futures

69.2 Swaps and Options

70.1 Uses, Benefits, and Risks of Derivatives

71.1 Arbitrage Replication and Carrying Costs

72.1 Forward Contract Valuation

73.1 Futures Valuation

74.1 Swap Valuation

75.1 Option Valuation

76.1 Put Call Parity

77.1 Binomial Model for Option Values

78.1 Alternative Investment Structures

79.1 Performance Appraisal and Return Calculations

80.1 Private Capital

81.1 Real Estate

81.2 Infrastructure

82.1 Farmland, Timberland, and Commodities

83.1 Hedge Funds

84.1 Distributed Ledger Technology

84.2 Digital Asset Characteristics

85.1 Portfolio Management Process

85.2 Asset Management and Pooled Investments

86.1 Portfolio Planning and Construction

87.1 Cognitive Errors vs Emotional Biases

87.2 Emotional Biases

88.1 Introduction to Risk Management

89.1 Ethics and Trust

90.1 Code and Standards

91.1 Guidance for Standards I(A) and I(B)

91.2 Guidance for Standards I(C) and I(D)

91.3 Guidance for Standard II

91.4 Guidance for Standards III(A) and III(B)

91.5 Guidance for Standards III(C), III(D), and III(E)

91.6 Guidance for Standard IV

91.7 Guidance for Standard V

91.8 Guidance for Standard VI

91.9 Guidance for Standard VII

92.1 Introduction to GIPS

93.1 Ethics Application