The real exam will have 240 questions and the list above covers only 10% of it. Exam windows vary by market based on appointment availability at the time of scheduling. Financial reporting and analysis is the heavy weight in Level 1 representing 20% of the exam. Ethical and Professional Standards (Ethics), 3. We cover the exam format, structure and historical pass rate in CFA Level 1 overview. Candidates should understand interest rates and discount rates in the context of time value of money, and be able to perform various calculations e.g. Calculate Free Cash Flow to the Firm (FCFF and FCFE). There are basically 10 knowledge areas covered in CFA organized under 4 modules with an increasing level of difficulty from CFA Part I to Part II & III respectively. The roles of financial reporting standard-setting bodies and regulatory authorities is also discussed. Mind Mapping for your CFA Level 1 Exam and Level 2 & 3. May Level II CFA Exam Window . There’s no getting around it, financial reporting and analysis is a big part of the CFA level 1 curriculum, and there is a lot of material with which you’ll need to become familiar. It is to use Mind Maps. This post focuses on the CFA level 1 curriculum and summarizes the 10 topic areas. Testing your knowledge in each specific area by using the practice questions helps you understand where your strengths and weaknesses are. If there are any topics which are less important and don’t get tested please mention them as i have very little time. Both FRA and Ethics are given the highest topic weight in the level 1 CFA exam, i.e. So, there are still 10 topics you need to study (this changes at the level 3 CFA exam). The CFA Level 1 Exam consists of 240 multiple-choice questions and is divided into two sessions, with 120 questions asked in the three-hour morning session and 120 in the three-hour afternoon session. The Level III exam is one of the toughest exams for the CFA. Candidates will be tested on basic probability concepts, such as define a random variable or outcome, distinguish different types of probabilities and rules, calculate joint probability, explain the tree diagram and interpret covariance and correlation. Passing the CFA Level 1 exam, which has a 42% pass rate over the last decade, requires following a solid study plan. Best CFA Level 1 Books 2019: CFAI Curriculum, Schweser or Wiley? Learn how your comment data is processed. This site uses Akismet to reduce spam. Some guides may tell you to target 250 hours, but on average this will not be enough. There are 4 exam windows a year: February, May, August and November. Specifically, it introduces the concept of a portfolio approach to investments. In previous CFA Institute candidate surveys, a typical Level 1 candidate spent an average of 285-300 hours to prepare for Level 1 exams. Understand the exam topics and concepts assessed at each level of the CFA Program. CFA Level 1 Exam Details. After a long journey of hard learning, we have discovered one secret that help you much easier to learn and approach the CFA Level 1 Exam and Level 2 & 3. For others preparing for the exam, please share your experience about what you think are the most important questions/topics that one must prepare for. This article provides a list of the most important and commonly tested CFA Level 1 questions and topics. Each multiple choice item on the CFA Level I exam consists of a question, a statement, and/or table as well as three answer choices (A, B, or C). CFA Level I Forum; Level 1: Less important topics from the test-ability perspective. So you can expect that 28 to 30 of the 240 questions on the exam will be drawn directly from material in these Study Sessions. For December Level II and Level IIII candidates whose locations have been closed, you may register for any applicable 2021 exam. It covers two main areas: CFAI Professional Code Program This is exactly what I plan to do with this article. Calculate shares outstanding, or weighted average number of shares outstanding. There is a good summary table in the CFAI text book, but the Wiley notes explain things a lot better. Overall, the CFA Level I exam is well-balanced, with a wide spectrum of topics. This study structure has been followed by over 34,000 CFA exam candidates over 16 years. Similar to derivatives, the section on alternative investments remain small (4%) in Level 1 exam. There is a one-time enrollment fee of $450 once you enter the CFA program. Quantitative Methods are covered in Study Sessions 2 and 3, which have a combined weighting of 12% on the Level 1 CFA exam. Don't forget to register as soon as you can to start your exam preparation and commit to the challenges ahead. This article provides a list of the most important and commonly tested CFA Level 1 questions and topics. It identifies 20 odd topics that have a very high chance of appearing in the exam. So, the remaining 90% can be from anywhere in the syllabus. Level 1 tests on a wide variety of topics, but they are related and build upon each other. Corporate finance is relatively small representing 7% of CFA level 1 syllabus. 2021 Study Notes; 2021 Q-Bank ... CFA Institute, CFA®, and Chartered Financial Analyst® are trademarks owned by CFA Institute. How to Register for CFA Level 1 Exam. While no one knows what will be asked in the upcoming CFA level 1 exam, if we sit and analyze the syllabus and the available practice exams, we can identify some of the concepts that get their place in the exam paper more often than others. CAIA® and Chartered Alternative Investment Analyst are trademarks owned by Chartered Alternative Investment Analyst Association. CFA or CPA: Which Qualification is Better? This topic area is quite important representing 10% of CFA level 1 curriculum. Here are more tips on each CFA Level 1 topic areas: Best CFA Calculator: Texas Instruments BA II Plus vs Hewlett Packard 12C. It also briefly covers market efficiency. This is a quick post that highlights previous exam weightings, then looks at the number of LOS and pages devoted to each major section, before giving our best guess at which individual readings are most important and where on the exam they are most likely to appear. Looking for Cfa Level 1 Tutorial Topics… I recall with fondness at the simpler days when I was getting ready for , The pleasantness of that memory can undoubtedly be attributed to nostalgia. Calculate the interest expense and amortization of a bond issue. The CFA® Level I syllabus focuses on the basic knowledge of the ten topic areas and simple analysis using investment tools. CFA FRA (CFA Financial Reporting and Analysis), known as “FSA” in the past, is one of the most heavily weighted sections in Level 1 and Level 2, representing 20% and 15-20% of total syllabus respectively. Rescheduling Deadline . CFA® and Chartered Financial Analyst are trademarks owned by CFA Institute. The other session focuses on the characteristics, analysis, and valuation of equity securities. How to Become a CFA: My Awesome Complete Guide. Or would it be better to do a master in finance? The study materials cover the features of equity securities, role of investment management, how to conduct industry and company analyses, and understand a company’s competitive position. This is a quick post that highlights previous exam weightings, then looks at the number of LOS and pages devoted to each major section, before giving our best guess at which individual readings are most important and where on the exam they are most likely to appear. 4. On GIPS, the syllabus covers the background, key features, how they are implemented, and what to do if there is a conflict between GIPS and local regulations. Exam Topics. This post focuses on the CFA level 1 curriculum and summarizes the 10 topic areas. The Economics topic area covers 10% of the CFA Level I exam - expect to answer about 23-25 Economics questions across the two exam sessions. The coverage includes hedge funds, private equity, real estate, commodities, and infrastructure. CFA Syllabus. This area of the curriculum carries a 49% weighting at level 1. Many find this to be the toughest topic in CFA FRA Level 2. What are the weights of the topics of Level I of the CFA exam? The weights of the Level I exam topics are subject to change on a year-to-year basis, at the discretion of CFA Institute. There are also examples on how the codes and standards can be applied, and recommended procedure should violations are made. 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