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Study Session Reading 2011

1 Ethics & Professional Standards Read Ques CFAI


1 Code of Ethics and Standards of Professional Conduct
2 Guidance for Standards I-VII
3 CFA Institute Soft Dollar Standards
4 CFA Institute Research Objectivity Standards
ETHICS

2 Ethics & Professional Standards: APPLICATION Read Ques CFAI


5 The Glenarm Company - N/A
6 Preston Partners - N/A
7 Super Selection - N/A
8 Trade Allocation: Fair Dealing and Disclosure - N/A
9 Changing Investment Objectives - N/A
10 Prudence in Perspective

3 Quantitative Methods for Valuation Read Ques CFAI


11 Correlation and Regression
12 Multiple Regression and Issues in Regression Analysis
13 Time-Series Analysis 13

4 Economics for Valuation Read Ques CFAI


14 Economic Growth N/A
15 Regulation & Antitrust Policy in a Globalized Economy 15 N/A
16 Trading with the World 16 N/A
17 The Exchange Rate and the Balance of Payments 17 N/A
18 Currency Exchange Rates 18
19 Foreign Exchange Party Relations 19
20 Measuring Economic Activity 20

5 Economics for Valuation Read Ques CFAI


T TOOLS
21 Intercorporate Investments

INVESTMENT TOOLS
5 FRA Read Ques CFAI
21 Inventories: Implications for Financial Statements and Ratios
22 Long-lived Assets: Implications for Financial Statements and Ratios

6 FRA
Post Employment & Share-Based Compensation &
Multinational Operations Read Ques CFAI
23 Intercorporate Investments
24 Employee Compensation: Post-Employment & Share-Based 23
25 Multinational Operations 24

7 FRA
Earnings Quality Issues & Financial Ratio Analysis Read Ques CFAI
26 The Lessons We Learn 25 N/A
27 Evaluating Financial Reporting Quality
28 Integration of Financial Statement Analysis Techniques 26

8 Corporate Finance Read Ques CFAI


29 Capital Budgeting 28
30 Capital Structure and Leverage 29
31 Dividends and Dividend Policy Share Repurchases: Analysis 30

9 Corporate Finance
Financing and Control Issues Read Ques CFAI
32 Corporate Governance 31
33 Mergers and Acquisations 32

10 Equity Valuation
Valuation Concepts Read Ques CFAI
34 A Note on Asset Valuation N/A
35 Equity Valuation: Applications & Processes 34
36 Equity: Markets & Instruments 35
37 Return Concepts 36

11 Equity Valuation
Industry & Company Analysis in a Global Context Read Ques CFAI
38 Equity: Concepts & Techniques 37 N/A
39 The Five Competitive Forces that Shape Strategy 38 N/A
40 Industry Analysis 39 N/A
41 Valuation in Emerging Markets 40 N/A
42 Discounted Divident Valuation 41

12 Equity Investments
Valuation Models Read Ques CFAI
43 Free Cash Flow Valuation 42
44 Market-Based Valuation: Price & Enterprise Value Multiples 43
45 Residual Income Valuation
46 Private Company Valuation

13 Alternative Asset Valuation Read Ques CFAI


ASSET VALUATION

47 Investment Analysis 46 N/A


48 Income Property Analysis And Appraisal 47
49 Private Equity Valuation 48
50 Investing in Commodities 49 N/A
51 Evaluating the Performance of Your Hedge Funds 50 N/A
52 Buyers Beware: Evaluating & Managing the Many Facets of the 51 N/A
Risks of Hedge Funds

14 Fixed Income
Valuation Concepts Read Ques CFAI
53 General Principles of Credit Analysis 52
54 The Liquidity Conundrum 53 N/A
ASSE
55 Term Structure & Volatility of Interest Rates 54
56 Valuing Bonds with Embedded Options 55

15 Fixed Income
Structured Securities Read Ques CFAI
57 Mortgage-Backed Sector of the Bond Market
58 Asset-Backed Sector of the Bond Market
59 Valuing Mortgage-Backed & Asset-Backed Securities

16 Derivative Instruments
Forwards and Futures Read Ques CFAI
60 Forward Markets & Contracts 60
61 Futures Markets & Contracts 61

17 Derivative Instruments
Options, Swaps, Interest Rate & Credit Derivatives Read Ques CFAI
62 Option Markets & Contracts 62
63 Swap Markets & Contracts 63
64 Interest Rate Derivative Instruments 64
65 Using Credit Derivatives to Enhance Return & Manage Risk 65

18 Portfolio Management
PORTFOLIO MANAGEMENT

Capital Market Theory and the Portfolio Management Process Read Ques CFAI
66 Portfolio Concepts 66
67 A note on Harry M.Markowitz's "Market Efficienct: A Theoratical 67 N/A
Distinction & So What?"
68 International Asset Pricing 68
69 The Theory of Active Portfolio Management 69
70 The Portfolio Management Process & the Investment 71
Policy Statement
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JUN 2011
Week Ending Week No.
1 10-Sep-10 1
2 17-Sep-10 2
3 24-Sep-10 3
4 1-Oct-10 4
5 8-Oct-10 5
6 15-Oct-10 6
HOLIDAY 7 22-Oct-10 7
HOLIDAY 8 29-Oct-10 8
HOLIDAY 9 5-Nov-10 9
10 12-Nov-10 10
11 19-Nov-10 11
12 26-Nov-10 12
13 3-Dec-10 13
14 10-Dec-10 14
15 17-Dec-10 15
16 24-Dec-10 16
17 31-Dec-10 17
18 7-Jan-11 18
19 14-Jan-11 19
20 21-Jan-11 20
21 28-Jan-11 21
22 4-Feb-11 22
23 11-Feb-11 23
24 18-Feb-11 24
25 25-Feb-11 25
26 4-Mar-11 26
27 11-Mar-11 27
28 18-Mar-11 28
29 25-Mar-11 29
30 1-Apr-11 30
31 8-Apr-11 31
32 15-Apr-11 32
33 22-Apr-11 33
34 29-Apr-11 34
35 6-May-11 35
36 13-May-11 36
37 20-May-11 37
38 27-May-11 38
39 3-Jun-11 39
JUN 2011
Reading
FRA 21, 22 2 wks vacation in between
FRA 23, 24
FRA 25, 26, 27
FRA 28, ECON 14
Catch up
ECON 15, 16, 17 Sample exams available
ECON 18, 19, 20
CORP 29, 30, 31 Read thru self made notes
CORP 32, 33 Read thru CFAI summary
Catch up Do Schweser Qs
EQUITY 34, 35, 36 Do CFAI Qs
EQUITY 37, 38, 39
EQUITY 40, 41, 42
Catch up
EQUITY 43, 44
EQUITY 45, 46
ALT 47, 48, 49
ALT 50, 51, 52
Catch up
FIXED 53, 54, 55
FIXED 56, 57
FIXED 58, 59
DERIV 60, 61
Catch up
DERIV 62, 63
DERIV 64, 65
PORT 66, 67, 68
PORT 69, 70
Catch up
QUANT 11, 12, 13
ETHICS 1- 10
Practice Questions
Practice Questions
Practice Questions
Practice Questions

Exam admission tickets available online

Mock exams available


ets available online
Study Session Reading 2010
1 Ethics & Professional Standards Read Ques CFAI
1 Code of Ethics and Standards of Professional Conduct
2 Guidance for Standards I-VII
3 CFA Institute Soft Dollar Standards B1 pg 101 10-Mar
4 CFA Institute Research Objectivity Standards B1 pg 111 10-Mar
ETHICS

2 Ethics & Professional Standards: APPLICATION Read Ques CFAI


5 The Glenarm Company B1 pg 121 - N/A
6 Preston Partners - N/A
7 Super Selection - N/A
8 Trade Allocation: Fair Dealing and Disclosure - N/A
9 Changing Investment Objectives - N/A
10 Prudence in Perspective 12-Mar

3 Quantitative Methods for Valuation Read Ques CFAI


11 Correlation and Regression 24-Apr
12 Multiple Regression and Issues in Regression Analysis 17-Apr 18-Apr
13 Time-Series Analysis 27-Feb 13 25-Apr

4 Economics for Valuation Read Ques CFAI


14 Economic Growth N/A
15 Regulation & Antitrust Policy in a Globalized Economy 22/08/09 15 N/A
16 Trading with the World 16 N/A
17 The Exchange Rate and the Balance of Payments 28-Feb 17 N/A
18 Currency Exchange Rates 2-Mar 18 13-Mar
19 Foreign Exchange Party Relations 5-Mar 19 14-Mar
20 Measuring Economic Activity 5-Mar 20 14-Mar

5 Economics for Valuation


MENT TOOLS

Read Ques CFAI


INVESTMENT TOOLS
21 Intercorporate Investments 8-Mar 16-Mar

6 FRA
Post Employment & Share-Based Compensation &
Multinational Operations Read Ques CFAI
22 Employee Compensation: Post-Employment & Share-Based 10-Jan 23 17-Mar
23 Multinational Operations 13-Jan 24 18-Mar

7 FRA
Earnings Quality Issues & Financial Ratio Analysis Read Ques CFAI
24 The Lessons We Learn 13-Jan 25 N/A
25 Evaluating Financial Reporting Quality 17-Jan 19-Mar
26 Integration of Financial Statement Analysis Techniques 24-Jan 26 20-Mar A SYSTHESIS # 27 (Deleted f

8 Corporate Finance Read Ques CFAI


27 Capital Budgeting 26-Jan 28 21-Mar
28 Capital Structure and Leverage 30-Jan 29 22-Mar
29 Dividends and Dividend Policy 3-Feb 30 23-Mar

9 Corporate Finance
Financing and Control Issues Read Ques CFAI
30 Corporate Governance 3-Feb 31 24-Mar
31 Mergers and Acquisations 6-Feb 32 25-Mar

10 Equity Valuation
Valuation Concepts Read Ques CFAI
32 A Note on Asset Valuation N/A
33 Equity Valuation: Applications & Processes 34 25-Mar
34 Equity: Markets & Instruments 35 26-Mar
35 Return Concepts 36 27-Mar

11 Equity Valuation
Industry & Company Analysis in a Global Context Read Ques CFAI
36 Equity: Concepts & Techniques 37 N/A
37 The Five Competitive Forces that Shape Strategy 38 N/A
38 Industry Analysis 39 N/A
39 Valuation in Emerging Markets 40 N/A
40 Discounted Divident Valuation 41 29-Mar

12 Equity Investments
Valuation Models Read Ques CFAI
41 Free Cash Flow Valuation 14-Nov 42 31-Mar
42 Market-Based Valuation: Price & Enterprise Value Multiples 18-Nov 43 1-Apr
43 Residual Income Valuation 20-Nov 2-Apr
44 Private Company Valuation 28-Nov 14-May 3-Apr

13 Alternative Asset Valuation Read Ques CFAI


ASSET VALUATION

45 Investment Analysis 28-Nov 46 N/A


46 Income Property Analysis And Appraisal 29-Nov 47 3-Apr
47 Private Equity Valuation 6-Dec 48 4-Apr
48 Investing in Commodities 6-Dec 49 N/A
49 Evaluating the Performance of Your Hedge Funds 6-Dec 50 N/A
50 Buyers Beware: Evaluating & Managing the Many Facets of the 8-Dec 51 N/A
Risks of Hedge Funds

14 Fixed Income
Valuation Concepts Read Ques CFAI
51 General Principles of Credit Analysis 12-Dec 52 5-Apr
52 The Liquidity Conundrum 12-Dec 53 N/A
53 Term Structure & Volatility of Interest Rates 15-Dec 54 6-Apr
54 Valuing Bonds with Embedded Options 18-Dec 55 8-Apr

15 Fixed Income
Structured Securities Read Ques CFAI
55 Mortgage-Backed Sector of the Bond Market 20-Dec 9-Apr
56 Asset-Backed Sector of the Bond Market 22-Dec 10-Apr
57 Valuing Mortgage-Backed & Asset-Backed Securities 23-Dec 10-Apr

16 Derivative Instruments
Forwards and Futures Read Ques CFAI
58 Forward Markets & Contracts 9-Feb 60 11-Apr
59 Futures Markets & Contracts 11-Feb 61 12-Apr

17 Derivative Instruments
Options, Swaps, Interest Rate & Credit Derivatives Read Ques CFAI
60 Option Markets & Contracts 16-Feb 62 14-Apr
61 Swap Markets & Contracts 21-Feb 63 16-Apr
62 Interest Rate Derivative Instruments 22-Feb 64 16-Apr
63 Using Credit Derivatives to Enhance Return & Manage Risk 22-Feb 65 16-Apr

18 Portfolio Management
PORTFOLIO MANAGEMENT

Capital Market Theory and the Portfolio Management Process Read Ques CFAI
64 Portfolio Concepts 29-Dec 66 21-Apr
65 A note on Harry M.Markowitz's "Market Efficienct: A Theoratical 30-Dec 67 N/A
Distinction & So What?"
66 International Asset Pricing 1-Jan 68 23-Apr
67 The Theory of Active Portfolio Management 5-Jan 69
68 The Portfolio Management Process & the Investment 6-Jan 71 20-Apr
Policy Statement
A SYSTHESIS # 27 (Deleted from 2010)

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Week Ending Week No.
1 7-Aug-09 1
2 14-Aug-09 2
3 21-Aug-09 3
4 28-Aug-09 4
5 4-Sep-09 5
6 11-Sep-09 6
7 18-Sep-09 7
8 25-Sep-09 8
9 2-Oct-09 9
10 9-Oct-09 10
11 16-Oct-09 11
12 23-Oct-09 12
13 30-Oct-09 13
14 6-Nov-09 14
15 13-Nov-09 15
16 20-Nov-09 16
17 27-Nov-09 17
18 4-Dec-09 18
19 11-Dec-09 19
20 18-Dec-09 20
21 25-Dec-09 21
22 1-Jan-10 22
23 8-Jan-10 23
24 15-Jan-10 24
25 22-Jan-10 25
26 29-Jan-10 26
27 5-Feb-10 27
28 12-Feb-10 28
29 19-Feb-10 29
30 26-Feb-10 30
31 5-Mar-10 31
32 12-Mar-10 32
33 19-Mar-10 33
34 26-Mar-10 34
35 2-Apr-10 35
36 9-Apr-10 36
37 16-Apr-10 37
38 23-Apr-10 38
39 30-Apr-10 39
40 7-May-10 40
41 14-May-10 41
42 21-May-10 42
43 28-May-10 43
44 4-Jun-10 44
Reading
3, 4, 5, 6, 7, 8, 9, 10
11
14, 15
Brussels Weekend
1, 2, 12
13,14
17,18

Vacation

19, 20
21
Catch up
22, 23
24, 25
26 + Catch up
27, 28
29, 30
31 + Catch up
32, 33 Book 4
34, 35 + Catch up Book 4
36, 37 Book 4
38, 39 Book 4
40 + Catch up Book 4
41, 42 Book 4
43, 44
45, 46
47, 48
49, 50 + Catch up
51, 52
53, 54
55, 56 (Ex 22,23, 24)
57, 58 + Catch up (Ex 25,26,27,28,29, 30)
59, 60 (Ex 31, 32, 33, 34, 35, 36, 37, 38, 39, 40,)
61, 62 (Ex 41, 42, 43, 44, 45, 46, 47, 48, 49, 50)
63, 64 (Ex 51, 52, 53, 54, 55 ,
65, 66 (Ex 56, 57, 58, 59, 60)
67, 68 (Ex 61, 62, 63, 64, 65, 66, 67, 68) (12)
Revision + Practice Papers (Ex 11, 12, 13)
Revision + Practice Papers
Revision + Practice Papers
Revision + Practice Papers
Revision + Practice Papers
JUN 2010 - FAIL Band 9
Max
Topic Pts
Alternative Investments 18
Corporate Finance 36
Derivatives 36
Economics 18
Equity Investments 72
Ethical & Professional Standards 36
Financial Reporting & Analysis 72
Fixed Income Investments 36
Portfolio Management 18
Quantitative Methods 18
<=50 51%-
% 70% >70%
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DECEMBER 2008 - FAIL Band 10

Alternative Investments 8
Corporate Finance 20
Derivatives 12
Economics 24
Equity Investments 24
Ethical & Professional Standards 36
Financial Reporting & Analysis 48
Fixed Income Investments 28
Portfolio Management 12
Quantitative Methods 28

JUN 2009 - PASS

Alternative Investments 8
Corporate Finance 20
Derivatives 12
Economics 24
Equity Investments 24
Ethical & Professional Standards 36
Financial Reporting & Analysis 48
Fixed Income Investments 28
Portfolio Management 12
Quantitative Methods 28
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1&2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Ethics & Professional Standards 1 2
Quantitative Methods for Valuation 1 2
Economics for Valuation 1 2
Financial Reporting and Analysis Intercorporate Investments 1 2
Post-Retirement and Share-Based Compensation and Multinational 1 Operations
2
Earnings Quality Issues and Financial Ratio Analysis 1
Corporate Finance 1 2*
Corporate Finance - Financing and Control Issues 1*
Equity Investments Valuation Concepts 1 2
Equity Investments Industry and Company Analysis in a Global Context
1 2
Equity Investments Valuation Models 1 2
Alternative Asset Valuation 1 2
Fixed Income Valuation Concepts 1 2
Fixed Income Structured Securities 1 2
Derivatives Forwards and Futures 1
Derivatives Options, Swaps, and Interest Rate and Credit Derivatives
1 2
Capital Market Theory and the Portfolio Management Process 1 2

Schweser TEST Qbank 1 2

2010 Schweser MOCK Book 1 AM1 PM1

Schweser SELF-TEST 1 2
3 4 5 6 7 8
3
3

3
3 4

3
3

3 4

3 4 5 6 7 8 9 10

AM2 PM2 AM3 PM3

3 4 5 6 7 8 9 10 11 12 13 14 15 16 17