There are two main types of tools for preparing for CFA Level 1 qualification exams. First, there are study guides and books that are detailed and suitable for building information from the ground up. Then there are video tutorials and lectures that can somehow ease the pain of training and are comparatively less tiring for some applicants, but they take time and concentration from learning. Smart candidates who want to build a strong base on all exam topics and relevant technology normally combine video lectures with study guides to reap the benefits of both, but, as often ignored by most candidates the CFA Level 1 practice exams, there is one vital training method. As an aspiring or active investor, you need the expertise and experience to succeed in a highly competitive industry. The CFA programme is built to provide you with the kind of experience and real world know-how to carry out your job analysis. If you are an intern, a worker, a transitional occupation or an investment professional, the CFA programme gives you a path to advance and accomplish your professional objectives. The CFA Program is a three-part review that examines the basics of investing tools, asset assessment, portfolio management and wealth planning. The CFA Program is mostly completed for people of administrative, accounting, economic or commercial backgrounds. Holders of the CFA charter shall be entitled to use the CFA classification until completion, application and approval of the curriculum by the CFA Institute. CFA charter members are eligible to work in wealth management, risk management, wealth control, and more in senior and executive roles. CFA Level 1 practice test is the best start towards understanding the concepts of examination.
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You must follow these steps to apply for CFA Level 1:
Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
Preparation Guide for CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Exam
Introduction
The Chartered Financial Analyst is one of the most common designations for investment professionals (CFA). However, it is not for the weak of heart or people who are not interested in being a CFA cardholder. The journey to becoming a CFA holder is long and measures not only the competence but also the strength, dedication and stamina of the topic. According to the CFA Institute, the present curriculum is ideally described as a distance learning programme at its own rate which adopts a general approach to the study, evaluation and management of portfolios which highlights the highest ethical and technical expectations. The CFA curriculum includes three examinations: CFA Level I, Level II and Level III. The CFA applicants must pass both of these exams and they must fulfil certain work requirements defined by the CFA Institute. In December 2017, the progress rate for the Level I exam was 43 percent. For each of these three stages, the curriculum is designed to assess a broad range of skills that are most appropriate for investing professions. In this post, we will focus on the Level I CFA review. CFA Level 1 exam dumps and CFA Level 1 practice exams are designed to render the entire examination environment comfortable for the students.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fixed Income | 11–14% | - Fixed income securities characteristics - Bond valuation and risk measures - Yield measures, spot rates, forward rates |
| Topic 2: Alternative Investments | 7–10% | - Private equity, real estate, hedge funds - Investment characteristics and returns - Commodities and infrastructure |
| Topic 3: Corporate Issuers | 6–9% | - Capital budgeting - Corporate governance - Capital structure - Business and financial risk |
| Topic 4: Derivatives | 5–8% | - Derivative pricing and valuation basics - Forwards, futures, options, swaps - Derivative markets and instruments |
| Topic 5: Quantitative Methods | 6–9% | - Regression and time-series analysis - Probability and hypothesis testing - Time value of money - Statistical concepts and returns |
| Topic 6: Ethical and Professional Standards | 15–20% | - Code of Ethics and Standards of Professional Conduct - Global Investment Performance Standards (GIPS) |
| Topic 7: Economics | 6–9% | - Microeconomics - Macroeconomics - Monetary and fiscal policy - International trade and currency markets |
| Topic 8: Financial Statement Analysis | 11–14% | - Income statement, balance sheet, cash flow statement - Ratio analysis and profitability - Financial reporting standards - Inventories, long-lived assets, taxes, debt |
| Topic 9: Equity Investments | 11–14% | - Industry and company analysis - Market organization and structure - Equity valuation models |
| Topic 10: Portfolio Management | 8–12% | - Risk and return concepts - Asset allocation and performance measurement - Portfolio planning and construction |
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