2020年6月CFA报名已开始,报考完成后的CFA考生需要根据2020年CFA考纲及各级别考试的重难点来进行备考,每年CFA考纲变化内容为考试容易考的内容,CFA一级是需要先进行考试的,那么2020年CFA一级考纲变动内容有哪些呢?
2020年CFA一级考纲变化内容还是比较多的,高顿君总结分享:
CFA考试分为三个级别,每个级别的考试内容不同,需要的资料教材也就不同,高顿君整理了一些CFA资料(三个级别的都有),你们可领取之后自己找到相对应的学习。》》领取2019-2020年CFA学习资料
2020年CFA一级考纲变化内容:
除了经济学 、权益投资、其他类投资三个科目无变化,其他部分细节调整较多。具体而言:
1.伦理道德与专业准则部分:
√Reading 1. Ethics And Trust In The Investment Profession中:
新增考纲:c. describe professions and how they establish trust;
取消了对framework for ethical decision making的应用(apply)要求。
2.数量方法部分:
√删除整个Reading. Discounted Cash Flow Applications
√Reading 7. Statistical Concepts and Market Returns中,2020年相比2019年考纲取消了对夏普比率(Sharpe ratio)的计算和解释要求。
√Reading 11. Hypothesis Testing中,新增考纲: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 整体移动到组合管理(Portfolio Management)部分。
3.公司财报分析部分:
√Reading 20. Financial Reporting Standards中:
删除4条考纲要求
取消财报准则设置机构的描述、对国际证监会组织的角色描述、财报的目标描述、财报的前提准备等要求。
√Reading 21. Understanding Income Statements 中,删除原考纲要求:
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,删除原考纲要求:
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,删除原考纲要求:
h. determine the initial recognition, initial measurement, and subsequent measurement of finance leases;
i. compare the disclosures relating to finance and operating leases;
4.公司金融部分:
√Reading 32. Capital Budgeting,新增考纲:f contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule;
5.固定收益投资部分:
√Reading 44. Introduction to Fixed-Income Valuation中,新增考纲:f calculate annual yield on a bond for varying compounding periods in a year;
6.衍生工具部分:
√Reading 48. Derivative Markets and Instruments中,新增考纲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,
新增考纲c. calculate a forward price of an asset with zero, positive, or negative net cost of carry;
删除原考纲i . explain how the value of a European option is determined at expiration;
7.投资组合部分整体移动到其他类投资之后:
√Reading 51. Portfolio Management: An Overview中,新增考纲:b describe the steps in the portfolio management process;
√Reading 52. Portfolio Risk and Return: Part I中,新增考纲: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,新增考纲:h describe how environmental, social, and governance (ESG) considerations may be integrated into portfolio planning and construction.
2020年CFA一级考纲共有七个科目发生变动,CFA考生在备考过程中一定要注重考纲变化内容的学习!
2020年6月CFA一级考试与12月CFA一级考试使用同一个考纲!
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