你說現(xiàn)在問2020年12月的CFA考綱變化是不是有些早了呢?畢竟2020年的6月考試報名還沒有結(jié)束呢?就開始問12月的CFA考綱變化了,小編想說的是,不要在意時間的長短,只要你想要什么時間考試是考生的自由,給自己做決定的事情一定要慎重!
6月份的CFA考試報名優(yōu)惠階段已經(jīng)結(jié)束了,想要參加12月的考試小編告訴你,只有一級的考試,6月的CFA考綱變化和12月的一樣,你現(xiàn)在想要學(xué)習(xí)12月的在CFA知識的話,你就可以參考6月份的考綱變化,針對性的開始學(xué)習(xí)。
我們就來說一下,CFA一級考綱變化,讓12月參加考生的考生明白一下!
(1)倫理道德與專業(yè)準則(Ethical and Professional Standards)部分:
Reading 1. Ethics And Trust In The Investment Profession中:
新增考綱:c. describe professions and how they establish trust;
取消了對framework for ethical decision making的應(yīng)用(apply)要求。
(2)數(shù)量方法(Quantitative Methods)部分:
刪除整個Reading. Discounted Cash Flow Applications 免費發(fā)送CFA最新資料(點我領(lǐng)?。?/span>
Reading 7. Statistical Concepts and Market Returns中,19相比18年考綱取消了對夏普比率(Sharpe ratio)的計算和解釋要求。
Reading 11. Hypothesis Testing中,新增考綱:k. formulate a test of the hypothesis that the population correlation coefficient equals zero and determine whether the hypothesis is rejected at a given level of significance;
原Reading 13. Technical Analysis 整體移動到組合管理(Portfolio Management)部分。
(3)公司財報分析(Financial Reporting Analysis)部分:
Reading 20. Financial Reporting Standards中:
刪除4條考綱要求,分別為:
1.c. describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;
2.f. compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles (US GAAP) reporting systems;
3.g. identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;
4.i. analyze company disclosures of significant accounting policies.
取消財報準則設(shè)置機構(gòu)的描述、對國際證監(jiān)會組織的角色描述、財報的目標描述、財報的前提準備等要求。
Reading 21. Understanding Income Statements 中,刪除原考綱要求:
b. accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for financial analysis;
d. describe key aspects of the converged accounting standards for revenue recognition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;
Reading 26. Long-lived Assets 中,刪除原考綱要求:
o. explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;
p. explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.
Reading 30. Non-current (Long-term) Liabilities中,刪除原考綱要求:
h. determine the initial recognition, initial measurement, and subsequent measurement of finance leases;
i. compare the disclosures relating to finance and operating leases;
(4)公司金融(Corporate Finance)部分:
Reading 32. Capital Budgeting,新增考綱:f contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;
(5)固定收益投資(Fixed income)部分:
Reading 44. Introduction to Fixed-Income Valuation中,新增考綱:f calculate annual yield on a bond for varying compounding periods in a year;
(6)衍生工具(Derivatives)部分:
Reading 48. Derivative Markets and Instruments中,新增考綱d determine the value at expiration and profit from a long or a short position in a call or put option;
Reading 49. Basics of Derivative Pricing and Valuation中,
新增考綱c. calculate a forward price of an asset with zero, positive, or negative net cost of carry;
刪除原考綱i . explain how the value of a European option is determined at expiration;
(7)投資組合(Portfolio Management)部分整體移動到其他類投資之后:
Reading 51. Portfolio Management: An Overview中,新增考綱:b describe the steps in the portfolio management process;
Reading 52. Portfolio Risk and Return: Part I中,新增考綱:b. compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures
Reading 54. Basics of Portfolio Planning and Construction中,新增考綱:h describe how environmental, social, and governance (ESG) considerations may be integrated into portfolio planning and construction.