CFA level 1

, CFA level 1
notes ,
CFA level 1 ,,, sub study session ,
,,,

,,,,
ACCA (1.1 2.3, CFA ,overlap )

8 notes,9 quantitative analysis time value , study

session 11 , career talk,,,
, fixed income derivative(,,
,), economics accounting ,
11 10 ,,,

FSA,FSA ,,120
34 FSA LIFO,FIFO ,,
revenue recognition , ratio ,capitalize expense
ratio ,operting lease capital lease ,Cash flow ,
accounting method ,
, ratio change method balance sheet ratio
,,,
,,
, defered tax,off-balance-sheet LOS,
,, 70%FSA level 1 pass
, 70% pass ,,

corporate finance,equity ,,
, , WACC, dividend discount
model,CAPM,,,, NPV, IRR ,
CFA, DDM, return on equity, retention
rate price multiplier,,,

,FSA 4 study session,15

,corportate finance equity 3 study session, 20
,,
6 ,, 3
FSA, corporate finance ,,
,, FSA , ACCA ,
,,defered tax ,,
, accounting ,
,Fixed income,,
,, ,,bond
duration,yield ,,
duration ,
,,,

ethics, bottom line pass ethics ,,,

,, GIPS
corporate governance ,,

derivative ,, strike price

quantitative ,,
stats probability , hypothesis testing, chi-square,
t-distribution , Z-test critical value
, MAD standard derivative
time value , asset valuation ,
financial calculator 70%
economics ,, microeconomics
,foreign exchange , common sense
macroeconomics , fiscal policy money policy ,
micro , economics
portfolio , CML SML,
SML, total error beta standard derivative

alternative investment ,,,real estate ,

28 CFA

option
CFA
MBA ACCA
CFA

ECO

Level

LEVEL
U.S GAAP IFRS
T

Zvi bodies
Level
time value

Ethics FAIL
Ethics
50-70Book One

CFA

 CFA
KALPEN

0500

0530

0700-1000

1000-1030

1030-1330

1330-1415

1415-1715

1715-1800

1800-2100

2100-2130

2130-2230

CFA

Last but not least

72 70%

A piece of cake
CFA

,, notes,
,,
,,
,,,,
,,,
,, sample test ,
,,

, CFA , ACCA level 1 level 2 ,

,
,,,
!,
, CFA , ACCA level 1 level 2 ,
,
,,,
!,
CFA level 1
CFA

1 1 cfa
211

note note
2 cfa 9 12
cfa1 6 cfa2 1
1 2
cfa

cfa
2 12 3 cfa

3 note

MBA

50 - 2009-5-23 08:46

MBA
MBA

26

 CPA ACCA CFA

TOP10 MBA

CIIA CFACIIA

2500 CFA
10000 CIIA
06 07 9 CPA07 12 CFA
08 CFA CPA

CFA
CPA CPA CFA
CFA
CPA CPA

CPA
CFA CFA CPA

CPA CFA CPA

CPA CFA 40
1

CFA level 1

 rp ACCACFA GMAT CD
CFA level 1

CFA level 1
notes
CFA level 1 sub study
session

ACCA 1.1 2.3 CFA

overlap
8 notes9 quantitative analysis time value
study session 11 career talk
fixed income derivative
economics
accounting 11 10

FSAFSA
120 34 FSA LIFO,FIFO
revenue recognition ratio
capitalize expense ratio operting lease capital lease
Cash flow
accounting method ratio
change method balance sheet ratio

defered taxoff-balance-sheet LOS

70%FSA level 1 pass

 70% pass

corporate finance,equity
WACC,
dividend discount modelCAPM
NPV, IRR CFA
DDM return on equity, retention rate price multiplier

FSA 4 study
session15 corportate finance equity 3 study session 20

6
3 FSA, corporate finance
FSA
ACCA defered tax

accounting
Fixed income

bond durationyield
duration

ethics bottom line pass ethics

GIPS corporate governance

derivative strike price

quantitative
stats probability hypothesis testing,
chi-square, t-distribution Z-test critical value
MAD standard derivative
time value
asset valuation financial calculator
70%
economics microeconomics
foreign exchange common
sense macroeconomics fiscal policy money policy
micro
economics
portfolio CML
SML SML total error beta standard derivative

alternative investment real estate

notes

 sample test

CFA ACCA level 1 level 2

CFA ACCA level 1 level 2

CFA level 1 rp ^_* !!

CFA

CFA,
CFA CFA

Notes Notes

Notes
1 Notes
4
5
Notes 6
Notes
I, II III

accounting 70%
potfolio management 70%
Notes

CFA membership, CFA

On The Road

CFA LEVEL 3 CMA 4 CFMFRM GMAT

FSA

INSURANCE COMPANY
CFA

CFACMA
FRM 0

MBA


0
CFA 2000
CFA
ASSET MANAGEMENT
CFA *

CASE
LEVEL 1

NOTES 300 NOTES CFA

NOTES
FLASHCARDSVIDEOAUDIo SCHWESER
NOTES SECRET SOURCE
LEVEL 1 EASY
1 TAKE COURSE
MIDTERm

SCHWESER BOOK 6
LEVEL 1 FINANCIAl ACCOUNTING
EQUITY INVESTMENT FIXED INCOME
FINANCIAL ACCOUTING
CASH FLOW LEASE
ETHICS BOOK 1
GIPS
ETHICS 70
LEVEL 1 EASY 20 FOCUS
ON FINANCIAL ACCOUNTING OK

LEVEL 2 LEVEL 1 MULTI

CHOICe WRITING DERIVATIVE

LEVEL 1 LEVEL 2 LEVEL 1 FINANCIAL

ACCOUNTING PENSIONTAX BUSINESS COMBINATIOn
TRICK CMA CFA
FINANCIAL ACCOUNTIGN LEVEl 2
DERIVATIVE LEVEL 2 DERIVATIVE

EQUITY INVESTMENT FCFE FCFF

LEVEl 2 NOTES
WRITING
17
MISSIOn IMPOSSIBLE

FINANCIAl ACCOUNTING
PASS
Level 3 LEVEL
40 SCHWESER NOTES

CFA
FIXED INCOME DERIVATIVE*
LEVEl 3
CFA ANALYST FORUM

CFA CFA
CFA

 CFA

CFA NOTES
NOTES COVER
NOTES CFA CFA

CFA 40
LEVEL 1 LEVEl
2 CFA
PIECE OF CAKE, SCHWESER

CFA

12

note1 note2

notes 50
notes

note1
notes

note1

note6
note6 note6
70%
70%
50%

50%
12 50%

CFA

()
CFA
CFA

----

CFA study guide X

deal
with quantitative questions

 banking and finance finance

quantitative <=50%
CFA
()

CFA
portfolio diversification
weighting the assets in portfolio so as to reduce variance with keeping return in certain level
portfolios variance 30
variance fail

180 120 1.5

LIFO FIFO net income, cash flow

LIFO cash flow
LIFO cash flow FIFO less taxes paid out

 notes
fail
notes
fail

CFA

notes
9 5

(
ethics..
ing)

CFAI
3
CFA

Notes

 notes
notes CFAI

notes notes

CFO
financial statement notes
notes

notes notes notes

reading material notes
J
notes
CFA
notes
notes notes

Notes *

2005 notes
notes
notes notes
notes

CFAI
topic CFAI committee

benchmark *
top X% Y% 406080 CFAI
sure
CFA 60
CFAI committee (
)
CFA CFAI

CFAI

CV Level I candidate of
CFA program

32%

------

CFAI

BTW

CFA

2 Swcheser
Swcheser

1 Swcheser

15

3 Swcheser
75% 80%
70 70 AIMR 50
50 7070

1Level I candidates are reminded that U.S. GAAP (generally accepted accounting principles)
apply for all examination questions related to Financial Statement Analysis, unless otherwise
noted in the assigned readings or examination questions themselves.
2

3Make a checklist for when you leave your house: Do you have your examination ticket?
Your approved ID? Your calculator(s)? Writing instruments? Get everything ready the night
before.
4Arrive at the test center early so that you don't add to your stress level by wondering if you
will make it to the test center on time.
51.
120 1.5

6.

7. ETHICS fail fail

8. AIMR

40%
9.

10. 2B

MM GG PASS OR FAIL

1CFA

2
3ETHICS 3
4 NOTES
NOTES

CFA

2004 12 8
200 notes10 20

5 4 11


1 CFA

note 90%
.

schweser notes,

notes notes 80%

4 CFA
2
CFA

CFA

CFA CFA


CPA, ACCA
CFA .
,,

CFA -

finance
1 High 6 High, 3 medium

Chapter 1

CFA 2004 4
program
Financial Engineering
course commitment
CFA finance
finance
Google search CFA

12

notes 6

Chapter 2

CFA Level1
12 notes

6 4
56
45 10
level 1

notes

Level 1 notes

11

SMLCMLFinancial leverage

leavefull time
70% 80% 120 4
schwester
notes
75%3 15


Cab EXPO 8
MRT MRT
MRT
Ethic
A B A B violation
Ethic 27 FSA ratio
6
portfolio management asset management 20 30
20 10 B
last minute 15 1 1

Chapter 3

study guide 2004

notes3 1 4 5
notes
5 17
120 Schwester 2002
8 6 LOS 2
Capital/expense lease, LIFO/FIFO, WACC
FSA Asset management 6
75%AIMR 4 50 60

 AIMR print
screen

Schwester 4800
*
AIMR

term term
Ethic GIPS GIPS
78 GIPS

AIMR 1

AIMR

on leave
38 5

10

AIMR
ROE herfindahl

ratio Ethic GIPS 4

notes
1 FSA
section FSA 10
6 portfolio management
section 30 asset management
23

45 overhead 2

notes
notes asset
notes
Chapter 4

20

low medium medium high

pass
1
CFA

 sunk cost

XDJM

23 XDJM

CFA

AIMR CFA
CFA CFA
02

CFA
AIMR 2004 6 CFA 34
AIMR
3 4 05
07
AIMR CFA

CFA
50100

CFA

 CFA

AIMR CFA GRE

AIMR
6 12

3 120 6

05
2B HB
2B
AIMR
ID

AIMR
60 AIMR
40 03 12
60 7 AIMR

AIMR
unavailable
CFA
deadline

 200
1% 70
70 Ethic AIMR
AIMR
FailFail 50 Ethics Fail

Ethics deadline Ethics

806040 CFA
>70%,5070%<50%
806040 60
60 Ethics
case
Ethics :(
Ethics 70

70AIMR
Schweser study
notes 200
AIMR
2004 6 CFA
173 notes var Ethics
notes A
A

AIMR
2004 6 2003 12
70

AIMR

CFA 6 8
CFA noteshandbook

>70%

CFA StudyNotes Notes stalla Schweser

Schweser notes notes
LOSstalla notes

Schweser notes stalla notes

Schweser notes
Schweser
4500 4500

notes CFA
notes handbook
Handbook
15 10 AIMR

CFA
CFA CFA

GRE
CFA
AIMR AIMR

 05

05

Essay
top200
70

Essay
Essay 05

AIMR Notes

CFA AIMR
12

CFA

notes

notes
CFA
BS CFA

CFA

CFA

6 CFA +

20 18 NOTE, 2
NOTE, SAMPLE EXAM 2004
: (
NOTE NOTE
2004
ETHICS
GIPS VERIFICATION
FINANCIAL STATEMENT ASSET VALUATION 38
42 :P
100 30
FIFO LIFO, EPS RATIO Deferred
Tax , DURATION CONVEXITY CASH FLOW

QUANTITATIVE 16 SHARP RATIO,SAFETY-FIRST RATIO

CLASSICAL LINEAR REGRESSION POSITIVE
SKEWED
ECONOMICS 15 MACRO, FISCAL POLICY
CURRENCY,INTEREST RATE ,CROWDING-OUT, Keynesian ,CROSS
1 . RESTRICTIONS
3 SML LINE , SML LINE

SAMPLE EXAM 20 20

NOTE 2004
SAMPLE EXAM