CFA Level 1 - Ethics and Standards
CFA Level 1 - Fixed Income Investments
CFA Level 1 - Derivatives
- Introduction
- Code of Ethics
- The Standards of Professional Conduct
- Standard I-A: Knowledge of the Law
- Standard I-B: Independence And Objectivity
- Standard I-C: Misrepresentation
- Standard I-D: Misconduct
- Standard II-A: Material Nonpublic Information
- Standard II-B: Market Manipulation
- Standard III-A: Loyalty, Prudence And Care
- Standard III-B: Fair Dealing
- Standard: III-C: Suitability
- Standard III-D: Performance Presentation
- Standard III-E: Preservation Of Confidentiality
- Standard IV: Duties to Employers, Standard IV-A: Loyalty
- Standard IV-B: Additional Compensation Arrangements
- Standard IV-C: Responsibilities Of Supervisors
- Standard V-A: Diligence And Reasonable Basis
- Standard V-B: Communication With Clients And Prospective Clients
- Standard V-C: Record Retention
- Standard VI-A: Disclosure Of Conflicts
- Standard VI-B: Priority Of Transaction
- Standard VI-C: Referral Fees
- Standard VII: CFA Responsibilities
- Disciplining CFA Members
- Global Investment Performance Standards (GIPS)
- GIPS: Composites And Verification
- GIPS: Key Characteristics
- GIPS: Disclosure And Scope
- GIPS: Requirements And Recommendations
- GIPS: Fundamentals Of Compliance And Conclusion
- Introduction
- What Is The Time Value Of Money?
- The Five Components Of Interest Rates
- Time Value Of Money Calculations
- Time Value Of Money Applications
- Net Present Value and the Internal Rate of Return
- Money Vs. Time-Weighted Return
- Calculating Yield
- Statistical Concepts And Market Returns
- Basic Statistical Calculations
- Standard Deviation And Variance
- Skew And Kurtosis
- Basic Probability Concepts
- Joint Probability
- Advanced Probability Concepts
- Common Probability Distributions
- Common Probability Distribution Calculations
- Common Probability Distribution Properties
- Confidence Intervals
- Discrete and Continuous Compounding
- Sampling and Estimation
- Hypothesis Testing
- Interpreting Statistical Results
- Correlation and Regression
- Regression Analysis
- Introduction
- Supply and Demand
- Price Elasticity
- Elasticity of Demand
- Elasticity of Supply
- Marginal Benefit and Marginal Cost
- Market Efficiency
- Price Ceilings and Floors
- Effect of Taxes on Supply and Demand
- Opportunity Costs
- Achieving Economic & Technological Efficiency
- Types of Markets & Concentration Measures
- Modifying Output
- Marginal and Average Total Cost Curves
- Perfectly Competitive Markets
- Effects on Equilibrium in the Short and Long Run
- Characteristics of Monopolies
- Inefficiencies of Monopolies
- Monopolistic Competition
- Oligopolies
- Conclusion
- Introduction
- Gross Domestic Product (GDP)
- Nominal vs. Real GDP, and the GDP Deflator
- Limitations of GDP and Alternative Measures
- The Demand and Supply of Financial and Physical Capital
- Economic Rent and Opportunity Cost
- Monitoring Cycles, Jobs, and Price Level
- Key Labor Market Indicators
- Types of Unemployment
- The Consumer Price Index & Inflation
- Aggregate Supply & Aggregate Demand
- Short and Long-run Macroeconomic Equilibrium
- Economic Theories
- Money, Banks, and the Federal Reserve
- The Banking System
- Goals And Targets of US Federal Reserve
- Money, Interest, Real GDP, and the Price Level
- The Equation of Exchange
- Inflation
- Phillips Curve
- Fiscal Policy Basics
- Effects of Fiscal Policy
- Multiplier Effect
- Discretionary Fiscal Policy and Automatic Stabilizers
- Monetary Policy and Price Level Stability
- Expectations of Monetary Policy
- Introduction
- Financial Statement Analysis
- Accounting Process
- Income Statement Basics
- Income Statement Components
- Income Statement: Non-recurring Items
- Balance Sheet Basics
- Balance Sheet Components - Assets
- Balance Sheet Components - Liabilities
- Balance Sheet Components - Marketable & Nonmarketable Instruments
- Shareholders' (Stockholders') Equity Basics
- Components of Stockholders' Equity
- Accounting for Dividends
- Accounting for Equities
- Revenue Recognition
- Revenue Recognition Methods and Implications
- Revenue Recognition and Accounting Entries
- Revenue Recognition Effects on Cash Flows and Financial Ratios
- The Cash Flow Statement
- Cash Flow Statement Basics
- Cash Flow Computations - Indirect Method
- Cash Flow Computations - Direct Method
- Free Cash Flow
- Management Discussion and Analysis & Financial Statement Footnotes
- The Auditor and Audit Opinion
- Financial Reporting Objectives and Enforcement
- Accounting Qualities
- Setting and Enforcing Global Accounting Standards
- Introduction
- Internal Liquidity Ratios
- Operating Profitability Ratios
- Return on Investment Ratios
- Operating Efficiency Ratios
- Business Risk Ratios
- Financial Risk Ratios
- Growth Potential Ratios
- Return on Equity and the Dupont System
- Uses and Limitations of Financial Ratios
- Basic Earnings Per Share
- Dilutive Effect of Splits and Dividends
- Dilutive Securities
- Calculating Basic and Fully Diluted EPS in a Complex Capital Structure
- Choosing the Appropriate Accounting Method For Investment Securities
- Accounting for Credit Transactions
- Basics of Inventories
- Effects of Misstated Inventory
- Inventory Valuation
- Inventory Analysis
- Converting LIFO to FIFO
- Converting FIFO to LIFO
- Effects of Inventory Accounting
- Causes a Decline in LIFO Reserve
- Long Term Asset Basics
- Depreciation Accounting
- Accelerated Depreciation
- Natural Resource Assets
- Effects of Capitalizing vs.Expensing
- Computing the Effect of Capitalizing vs. Expensing
- Capitalizing Intangible Assets
- Depreciation
- Fixed Asset Disclosures
- Asset Impairment
- Current Liability Basics
- Income Tax Terminology
- Tax Deferred Liabilities
- Permanent Vs. Temporary Items
- Adjustments To Financial Statements From Tax Rate Changes
- Long-Term Liability Basics
- Journal Entries and Accounting Impact
- Total Interest Cost Components
- Reporting The Retirement Or Conversion of Bonds
- Accounting For Long-Term Liabilities
- Post-Retirement Obligations
- Effects Of Debt Issuance
- Implications Of Debt Issuance
- Effect Of Changing Interest Rate On Debt Market Value
- Capital And Operating Leases
- Effects Of Capital Vs. Operating Leases
- Determining The Value Of The Lease And The Lease Asset
- Sale And Leaseback
- Types Of Off-Balance-Sheet Financing
- Effects Of Off-Balance Sheet Financing Transactions On Financial Ratios
- Accounting For Leases
- Introduction
- Managerial Discretion
- Shenanigans Strategies
- What Causes Shenanigans And Manipulation?
- Finding Shenanigans
- Introduction to Corporate Finance
- Agent-Principle Relationship
- Capital Budgeting Basic
- The Cost of Capital
- Cost of Retained Earnings
- Factors Affecting the Cost of Capital
- Payback Period
- Net Present Value(NPV) and the Internal Rate of Return(IRR)
- The NPV Profile
- Cash Folw and NPV Applications
- Advantages and Disadvantages of the NPV and IRR methods
- Applying NPV Analysis to Project Decisions
- Comparing Projects With Unequal Lives
- Types of Risk
- Risk Analysis Techniques
- Security Market Line Beta Basics
- Factors that influence a Company's Capital-Structure Decision
- Business and Financial Risk
- Operating Leverage and its Effects on a Project's Expected Rate of Return
- Financial Leverage
- Sales and Leverage
- Effects of Debts on Capital Structure
- Tax and Bankrupcy Costs
- The MM Capital Structure vs. The Tradeoff Theory of Leverage
- Signaling Prospects Through Financing Decisions
- Degree of Total Leverage
- Devidend Theories
- Devidend Growth Rate and The Effect of Changing Devidend Policy
- Setting Devidends
- Devidend Payment Procedures
- Stock Devidends and Repurchases
- Introduction to Securities Market
- Issuing Bonds
- Types of Market
- Exchange Market Structure
- Exchange Market Characteristics
- Short Selling
- Buying on Margin and Maintenance Margin
- Effect of the institutionalization of Capital Market
- Characteristics of Security Indexes
- Computing Indexes
- Domestic vs.Global Indexes
- The Efficient Market Hypothesis
- Weak, Semi-Strong and Strong EMH
- Market Anomalies
- Implications of Efficients Market
- Introduction to Security Valuation
- The Dividend Discount Model(DDM)
- DDM and Earnings Multiplier
- Developing Inputs Estimates Used in the DDM
- Earnings Analysis
- Determining the EPS of a Company
- Life Cycle Analysis: The Business Cycle
- Life Cycle Analysis: The Industry Life Cycle
- The Concentration Ratio and the Herfindahl Index
- Considerations of Global Industry Competition
- Analysing a Company-Types of Stock
- Technical Analysis
- Using Price Multiples
- Introduction
- Bond Features
- Basic Coupon Structures
- Bond Early Retirement
- Provisions For Redeeming Bonds
- Refunding in Bonds
- The Important of Embedded Options
- Institutional Investors and Financing Purchases
- Interest Rate Risk
- Call and Prepayment Risk
- Reinvestment Risk
- Yield Curve Risk
- Credit Risk
- Liquidity Risk
- Exchange-Rate Risk
- Volatility Risk
- Inflation Risk
- Event Risk
- Pricing Bonds
- Duration
- International Bonds
- Government Bonds
- Mortgage-Backed Securities(MBS)
- Federal Issues
- Bondholder's Rights
- Other Types of Bond
- Asset-Backed Securities(ABS)
- Yield Curves
- The Term Structure of Interest Rates
- Types of Yield Measures
- Intermarket vs Intramarket Sector Spreads
- Option and their Benefits
- After Tax Yield of a Taxable Securities
- London Interbank Offer Rate(LIBOR)
- Bond Valuation Basics
- Bonds With Difficult Expected Cash Flow Estimation
- Bond Value and Price
- Arbitrage-free Valuation Approach
- Typical Yield Measures
- Assumptions Underlying Traditional Yield Curve Measures
- Importance of Reinvestment Income and Reinvestment Risk
- Spot Rate and Bond Valuation
- Differenciating Between Spreads
- What are Forward Rates?
- Measuring Interest Rate Risk
- Price Volatility
- Effective,Modified,and Macaulay Duration
- Convexity
- Price Value of a Basis Point (PVBP)
- What is a Derivatives ?
- Common Characteristics of Futures and Forwards
- Fundalmental Differences Betweens Futures and Forwards
- Forward Contracts
- Futures Contracts
- Options:Calls and Puts
- Options:Basic Characteristics
- Swaps
- Purposes and Benefits of Derivatives
- Criticisms of Derivatives
- Arbitrage
- Forward Markets and Contracts: Settlement Procedures
- Terminating a Forward Contracts Prior to Expiration
- End Users and Dealers
- Equity Forward Contracts
- Forward Contracts on Bonds
- Eurodollar Time Deposit Markets
- Characteristics of Forward Agreements(FRAs)
- Currency Forward Contracts
- Futures vs. Forwards
- Futures Markets Margin
- The Futures Trade Process
- Computing the Margin Balance for a Futures Account
- Closing and Terminating a Futures Position
- Other Types of Derivatives
- European vs. American Options and Moneyness
- Exchange Traded Options
- Interest Rate Options vs FRAs
- Interest Rate Caps and Floors
- Minimum and Maximum Values for Options
- Straddles and Strangles
- Option Prices and the Time to Expiration
- Put-Call Parity
- Effect of Cash Flows on Put-Call Parity and the Lower Bounds
- Swap Markets and Contracts
- Currency Swaps
- Interest Rate and Currency Swaps
- Managing Risks with Options Strategies:Long and Short Call and Put Positions
- Managing Risks with Options Strategies:Covered Calls and Protective Puts
- Introduction to Alternative Investment
- Open and Close-End Funds
- Net Asset Value
- Fees
- Investment Strategies
- Exchange Traded Funds(ETFs)
- Real Estate Investments
- Real Estate Calculations
- The Stages in Venture Capital Investing
- Venture Capital Investment Characteristics and NPV
- Hedge Fund Basics
- Hedge Fund Classifications
- Hedge Fund Risks and Performance
- Fund of Funds Investing
- Alternative Investment Valuation
- Commodities as Alternative Investments
