在后臺(tái)看到同學(xué)都在問(wèn)，大學(xué)期間CFA考試只能在大四考，大四的時(shí)候想要考研，沒(méi)有時(shí)間復(fù)習(xí)CFA知識(shí)點(diǎn)，那我可不可以提早一年學(xué)習(xí)CFA考試知識(shí)點(diǎn)，在大四的時(shí)候?qū)Ｐ膫淇伎佳?，到該考CFA一級(jí)考試的時(shí)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(shí)不可取的，CFA考試每年的考綱都會(huì)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(jí)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(guò)率，你還想通過(guò)考試和考研，這有點(diǎn)不現(xiàn)實(shí)！

如果你是想好好的通過(guò)這兩項(xiàng)考試的話，你可以先把你的CFA考試知識(shí)點(diǎn)弄的*懂，在考試當(dāng)年再看看CFA考剛變化的部分，將知識(shí)點(diǎn)全部在梳理一遍，可能就會(huì)好一點(diǎn)！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(duì)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(gè)Reading.Discounted Cash Flow Applications

★Reading 7.Statistical Concepts and Market Returns中，2020相比2019年考綱取消了對(duì)夏普比率（Sharpe ratio）的計(jì)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(dòng)到組合管理（Portfolio Management）部分。

3.公司財(cái)報(bào)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(cái)報(bào)準(zhǔn)則設(shè)置機(jī)構(gòu)的描述、對(duì)國(guó)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(dòng)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.