在后臺看到同學(xué)都在問，大學(xué)期間CFA考試只能在大四考，大四的時候想要考研，沒有時間復(fù)習(xí)CFA知識點，那我可不可以提早一年學(xué)習(xí)CFA考試知識點，在大四的時候?qū)Ｐ膫淇伎佳?，到該考CFA一級考試的時候稍微復(fù)習(xí)一下可以嗎？
我這樣告訴你吧！這樣的考試方式實不可取的，CFA考試每年的考綱都會有一定的變化，如果你考試當(dāng)年不學(xué)習(xí)，直接考是不可以的。即便你稍微復(fù)習(xí)一下也是不行的，我們可以看看每年的CFA一級的*率，不到百分之五十，那些還是全心全意參加備考的人的通過率，你還想通過考試和考研，這有點不現(xiàn)實！
如果你是想好好的通過這兩項考試的話，你可以先把你的CFA考試知識點弄的*懂，在考試當(dāng)年再看看CFA考剛變化的部分，將知識點全部在梳理一遍，可能就會好一點！有2020考CFA考試的考生趕緊看看2020年的考綱變化！
1.倫理道德與專業(yè)準(zhǔn)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
★Reading 7.Statistical Concepts and Market Returns中，2020相比2019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）
★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(zhǔn)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(biāo)描述、財報的前提準(zhǔn)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.
