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CFA® Course Syllabus

The CFA® programme consists of three levels which takes 2½ to 3 years to complete.

CFA® Level I

The Level I curriculum concentrates on tools and concepts relating to investment valuation and portfolio management. The course also covers securities laws and regulations, and the CFA® Institute Code of Ethics and Standards of Professional Conduct. The curriculum highlights an overview of asset valuation and portfolio management practices:

• Financial markets and other financial instruments
• Corporate finance
• Analysis of financial statement
• Quantitative methods of investment analysis

 

CFA® Level II

The Level II syllabus focuses on asset valuation, where candidates must employ concepts of quantitative techniques, economic analysis, accounting-in analysing and valuing investments. Students should have a thorough understanding of capital market theory and industry and company analysis, and of:

• Analysing equity and fixed-income securities and other financial investments
• Evaluating alternative investment choices
• Making investment proposals
• Estimating expected investment return on investment and risks

 

CFA® Level III

Level III will develop students’ knowledge of portfolio management in greater depth. Candidates must apply the knowledge and skills learned in Levels I and II to the portfolio management process – from estimating and analysing objectives, investor constraints, and capital-market expectations to making asset-allocation decisions. The curriculum covers:

• Corporate finance
• Financial statements analysis
• Ethical and professional standards
• Quantitative methods
• Economics
• Analysis of financial instruments
• Analysis of alternative investments
• Portfolio management

 













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