2020年CFA一級(jí)考試有哪些重點(diǎn)？

對(duì)于CFA一級(jí)考試，知識(shí)點(diǎn)多，學(xué)習(xí)上一定要有方向，不要太雜。要了解每門科目的要點(diǎn)。今天融躍小編就和大家來說說2020年CFA一級(jí)考試有哪些重點(diǎn)？

先來了解下CFA一級(jí)考試科目：

1.道德與職業(yè)行為標(biāo)準(zhǔn)（Ethics and Professional Standards）

2.定量分析（Quantitative）

3.經(jīng)濟(jì)學(xué)（Economics）

4.財(cái)務(wù)報(bào)表分析（Financial Statement Analysis）

5.公司理財(cái)（Corporate Finance）

6.投資組合管理 （Portfolio Management）

7.權(quán)益投資（Equity Investments）

8.固定收益投資（Fixed Income）

9.衍生工具（Derivatives）

10.其他類投資（Alternative Investments）

小躍根據(jù)CFA協(xié)會(huì)發(fā)布的公告，整理考綱變化內(nèi)容如下：

上圖是cfa科目占cfa一級(jí)考試比重

從上述表格可以了解到2020年CFA一級(jí)考試主要考察考生對(duì)投資工具和基礎(chǔ)知識(shí)的掌握，重點(diǎn)在職業(yè)道德倫理和財(cái)務(wù)報(bào)表的版塊。從考試各科目成績(jī)占比來看

2020年CFA一級(jí)沒有任何變化，但從考綱內(nèi)容的調(diào)整來看，科目細(xì)節(jié)變化較多。

2020年CFA一級(jí)考試的重點(diǎn)

變化科目一、職業(yè)倫理與道德

（Ethical and Professional Standards）

Reading 1.Ethics And Trust In The Investment Profession

新增考綱：c.describe professions and how they establish trust；

取消內(nèi)容：對(duì)framework for ethical decision making的應(yīng)用（apply）要求。

變化科目二、數(shù)量方法

（Quantitative Methods）

Reading.Discounted Cash Flow Applications

全部刪除

Reading 7.Statistical Concepts and Market Returns

取消內(nèi)容：2019年考綱已取消對(duì)夏普比率（Sharpe ratio）的計(jì)算和解釋要求。2020年同2019年，無變化。

Reading 11.Hypothesis Testing

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；

Reading 13.Technical Analysis

內(nèi)容移動(dòng)：整體移動(dòng)到組合管理（Portfolio Management）部分。

變化科目三、財(cái)務(wù)報(bào)表及分析

（Financial Statement and Analysis）

Reading 20.Financial Reporting Standards

刪除4條考綱：

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 financialreporting 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.

變化內(nèi)容主要為：取消財(cái)報(bào)準(zhǔn)則設(shè)置機(jī)構(gòu)的描述、對(duì)國際證監(jiān)會(huì)組織的角色描述、財(cái)報(bào)的目標(biāo)描述、財(cái)報(bào)的前提準(zhǔn)備等要求。

Reading 21.Understanding Income Statements

刪除2條考綱：

① 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；

② 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

刪除2條考綱：

① o.explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios；

② 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

刪除2條考綱：

① h.determine the initial recognition，initial measurement，and subsequent measurement of finance leases；

② i.compare the disclosures relating to finance and operating leases；

變化科目四、公司金融

（Corporate Finance）

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；

變化科目五、固定收益

（Fixed Income）

Reading 44.Introduction to Fixed-Income Valuation

新增考綱：f calculate annual yield on a bond for varying compounding periods in a year；

變化科目六、衍生工具

（Derivatives）

Reading 48.Derivative Markets and Instruments

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

新增考綱：c.calculate a forward price of an asset with zero，positive，or negative net cost of carry；

刪減考綱：i.explain how the value of a European option is determined at expiration；

變化科目七、投資組合管理

（Alternative Investments）

Reading 51.Portfolio Management:An Overview

新增考綱：b.describe the steps in the portfolio management process；

Reading 52.Portfolio Risk and Return:Partl

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

新增考綱：h.describe how environmental，social，and governance（ESG）considerations may be integrated into portfolio planning and construction.

以上內(nèi)容整理來自CFA協(xié)會(huì)、中國CFA考試網(wǎng)

根據(jù)往年CFA考試的經(jīng)驗(yàn)，職業(yè)道德標(biāo)準(zhǔn)、財(cái)務(wù)報(bào)表分析、投資工具和資產(chǎn)評(píng)估都在歷年考試中占據(jù)著較大的比重，大家要著重復(fù)習(xí)。2020年CFA一級(jí)考試變化大家都了解了嗎？