2014 CFA Level 1

Ethical and Professional Standards

Sesion 1: Ethical and Professional Standards
Reading 1 Code of Ethics and Standards of Professional Conduct
Reading 2 Guidance for Standards IVII
Reading 3 Introduction to the Global Investment Performance Standards
(GIPS)
Reading 4 Global Investment Performance Standards (GIPS)
Quantitative Methods
Sesion 2: Quantitative Methods Basic Concepts
Reading 5 The Time Value of Money
Reading 6 Discounted Cash Flow Applications
Reading 7 Statistical Concepts and Market Returns
Reading 8 Probability Concepts
Sesion 3: Quantitative Methods Application
Reading 9 Common Probability Distributions
Reading 10 Sampling and Estimation
Reading 11 Hypothesis Testing(R11b. distinguish between one-tailed
and two-tailed tests of hypotheses;)
Reading 12 Technical Analysis
Economics
Sesion 4: Economics:Microeconomic Analysis
Reading 13 Demand and Supply Analysis: Introduction--R13e.
describe the concept of equilibrium (partial and general), and mechanisms by
which markets achieve equilibrium;
Reading 14 Demand and Supply Analysis: Consumer Demand
Reading 15 Demand and Supply Analysis: The Firm
Reading 16 The Firm and Market Structures
Sesion 5: Economics:Macroeconomic Analysis
Reading 17 Aggregate Output, Prices, and Economic Growth
Reading 18 Understanding Business Cycles -- R18j. identify the past,
current, or expected future business cycle phase of an economy based on
economic indicators.
Reading 19 Monetary and Fiscal Policy
Sesion 6: Economics:Economics in a Global Context
Reading 20 International Trade and Capital Flows
Reading 21 Currency Exchange Rates
Financial Reporting and Analysis
Sesion 7: Financial Reporting and Analysis An Introduction
Reading 22 Financial Statement Analysis: An Introduction
Reading 23 Financial Reporting Mechanics
Reading 24 Financial Reporting Standards
Sesion 8: Financial Reporting and Analysis Income Statements, Balance
Sheets,and Cash Flow Statements
Reading 25 Understanding Income Statements
Reading 26 Understanding Balance Sheets
Reading 27 Understanding Cash Flow Statements
Reading 28 Financial Analysis Techniques--R28f. explain the
requirements for segment reporting, and calculate and interpret segment
ratios;
Sesion 9: Financial Reporting and Analysis Inventories, Long-lived Assets,
Income Taxes, and Non-current Liabilities
Reading 29 Inventories
Reading 30 Long-lived Assets
Reading 31 Income Taxes International Financial Statement Analysis
Reading 32 Non-current (Long-term) Liabilities-- R32j. describe
defined contribution and defined benefit pension plans;
Sesion 10: Financial Reporting and Analysis Evaluating Financial
Reporting Quality and Other Applications
Reading 33 Financial Reporting Quality: Red Flags and Accounting Warning
Signs
Reading 34 Accounting Shenanigans on the Cash Flow Statement--
R34a. describe reasons for investors to assess the quality of cash flow
statements;
Reading 35 Financial Statement Analysis: Applications
Corporate Finance
Sesion 11: Corporate Finance
Reading 36 Capital Budgeting-R36f. describe and account for the
relative popularity of the various capital budgeting methods and explain the
relation between NPV and company value and stock price;
Reading 37 Cost of Capital
Reading 38 Measures of Leverage
Reading 39 Dividends and Share Repurchases: Basics
Reading 40 Working Capital Management
Reading 41 The Corporate Governance of Listed Companies:A Manual for
Investors
Portfolio Management
Sesion 12: Portfolio Management
Reading 42 Portfolio Management: An Overview--R42c. describe
defined contribution and defined benefit pension plans;
Reading 43 Portfolio Risk and Return: Part I
Reading 44 Portfolio Risk and Return: Part II
Reading 45 Basics of Portfolio Planning and Construction
Equity
Sesion 13: Equity Market Organization, Market Indices, and Market
Efficiency
Reading 46 Market Organization and Structure
Reading 47 Security Market Indices
Reading 48 Market Efficiency
Sesion 14: Equity Analysis and Valuation
Reading 49 Overview of Equity Securities
Reading 50 Introduction to Industry and Company Analysis
Reading 51 Equity Valuation: Concepts and Basic Tools
Fixed Income
Sesion 15: Fixed Income Basic Concepts
Reading 52 Fixed-Income
Reading 53 Fixed-Income
Reading 54 Introduction to Fixed-Income
Sesion 16: Fixed Income Analysis of Risk
Reading 55 Understanding Fixed-Income Risk and Return
Reading 56 Fundamentals of Credit Analysis
Derivatives
Sesion 17: Derivatives
Reading 57 Derivative Markets and Instruments
Reading 58 Forward Markets and Contracts
Reading 59 Futures Markets and Contracts
Reading 60 Option Markets and Contracts
Reading 61 Swap Markets and Contracts
Reading 62 Risk Management Applications of Option Strategies
Alternative Investments
Sesion 18: Alternative Investments
Reading 63 Introduction to Alternative Investments
CFA

1SS3 R11b. distinguish between one-tailed and two-tailed tests of

hypotheses;
2SS4 R13e. describe the concept of equilibrium (partial and
general), and mechanisms by which markets achieve equilibrium;
3SS8 R28f. explain the requirements for segment reporting, and
calculate and interpret segment ratios;
4SS10 R34a. describe reasons for investors to assess the quality of
cash flow statements;
5SS12 R42c. describe defined contribution and defined benefit
pension plans;
6SS15R52R53R54SS15
7SS16R55

1SS5 R18j. identify the past, current, or expected future business

cycle phase of an economy based on economic indicators.
2SS9 R32j. describe defined contribution and defined benefit
pension plans;
3SS11 R36f. describe and account for the relative popularity of the
various capital budgeting methods and explain the relation between NPV and
company value and stock price;
4SS15R52R53R54R55SS15
5SS162013R56R57R58SS16
6SS182013R67
2013 CFA Level 1
Ethical and Professional Standards
Study Session 1 Ethical and Professional Standards
Reading 1 Code of Ethics and Standards of Professional Conduct Standards of Practice Handbook, Tenth Edition
Reading 2 Guidance for Standards IVII Standards of Practice Handbook, Tenth Edition
Reading 3 Introduction to the Global Investment Performance Standards (GIPS)
Reading 4 Global Investment Performance Standards (GIPS)
Quantitative Methods
Study Session 2 Quantitative Methods:Basic Concepts
Reading 5 The Time Value of Money
Reading 6 Discounted Cash Flow Applications
Reading 7 Statistical Concepts and Market Returns
Reading 8 Probability Concepts
Study Session 3 Quantitative Methods: Application
Reading 9 Common Probability Distributions
Reading 10 Sampling and Estimation
Reading 11 Hypothesis Testing
Reading 12 Technical Analysis
Economics
Study Session 4 Economics:Microeconomic Analysis
Reading 13 Demand and Supply Analysis: Introduction
Reading 14 Demand and Supply Analysis: Consumer Demand
Reading 15 Demand and Supply Analysis: The Firm
Reading 16 The Firm and Market Structures
Study Session 5 Economics:Macroeconomic Analysis
Reading 17 Aggregate Output, Prices, and Economic Growth
Reading 18 Understanding Business Cycles
Reading 19 Monetary and Fiscal Policy
Study Session 6 Economics:Economics in a Global Context
Reading 20 International Trade and Capital Flows
Reading 21 Currency Exchange Rates
Financial Statement Analysis
Study Session 7 Financial Reportingand Analysis:An Introduction
Reading 22 Financial Statement Analysis: An Introduction
Reading 23 Financial Reporting Mechanics
Reading 24 Financial Reporting Standards
Study Session 8 Financial Reportingand Analysis:Income Statements, Balance Sheets,and Cash Flow Statements
Reading 25 Understanding Income Statements
Reading 26 Understanding Balance Sheets
Reading 27 Understanding Cash Flow Statements
Reading 28 Financial Analysis Techniques
Study Session 9 Financial Reporting and Analysis:Inventories, Long-lived Assets, Income Taxes, and Non-current Liabilities
Reading 29 Inventories
Reading 30 Long-lived Assets
Reading 31 Income Taxes International Financial Statement Analysis
Reading 32 Non-current(Long-term) Liabilities
Study Session 10 Financial Reporting and Analysis:Evaluating Financial Reporting Quality and Other Applications
Reading 33 Financial Reporting Quality: Red Flags and Accounting Warning Signs
Reading 34 Accounting Shenanigans on the Cash Flow Statement
Reading 35 Financial Statement Analysis: Applications
Corporate Finance
Study Session 11 Corporate Finance
Reading 36 Capital Budgeting
Reading 37 Cost of Capital
Reading 38 Measures of Leverage
Reading 39 Dividends and Share Repurchases: Basics
Reading 40 Working Capital Management
Reading 41 The Corporate Governance of Listed Companies:A Manual for Investors
Portfolio Management
Study Session 12 Portfolio Management
Reading 42 Portfolio Management: An Overview
Reading 43 Portfolio Risk and Return: Part I
Reading 44 Portfolio Risk and Return: Part II
Reading 45 Basics of Portfolio Planning and Construction
Equity
Study Session 13 Equity:Market Organization, Market Indices, and Market Efficiency
Reading 46 Market Organization and Structure
Reading 47 Security Market Indices
Reading 48 Market Efficiency
Study Session 14 Equity Analysis and Valuation
Reading 49 Overview of Equity Securities
Reading 50 Introduction to Industry and Company Analysis
Reading 51 Equity Valuation: Concepts and Basic Tools
Fixed Income
Study Session 15 Fixed Income:Basic Concepts
Reading 52 Features of Debt Securities
Reading 53 Risks Associated with Investing in Bonds
Reading 54 Overview of Bond Sectors and Instruments
Reading 55 Understanding Yield Spreads
Study Session 16 Fixed Income:Analysis and Valuation
Reading 56 Introduction to the Valuation of Debt Securities
Reading 57 Yield Measures, Spot Rates, and Forward Rates
Reading 58 Introduction to the Measurement of Interest Rate Risk
Reading 59 Fundamentals of Credit Analysis
Derivatives
Sesion 17: Derivatives
Reading 60 Derivative Markets and Instruments
Reading 61 Forward Markets and Contracts
Reading 62 Futures Markets and Contracts
Reading 63 Option Markets and Contracts
Reading 64 Swap Markets and Contracts
Reading 65 Risk Management Applications of Option Strategies
Alternative Investments
Study Session 18 Alternative Investments
Reading 66 Introduction to Alternative Investments
Reading 67 Investing in Commodities
Reading 1 Code of Ethics and Standards of Professional Conduct Standards of Practice Handbook, Tenth Edition
Study Session 8 Financial Reportingand Analysis:Income Statements, Balance Sheets,and Cash Flow Statements
Study Session 9 Financial Reporting and Analysis:Inventories, Long-lived Assets, Income Taxes, and Non-current Liabilities
Study Session 10 Financial Reporting and Analysis:Evaluating Financial Reporting Quality and Other Applications