CFA level 1: The first stage to pass the CFA exam

Published: 11th August 2010
Views: N/A

The CFA exam is one of the prestigious competitive exams conducted by the CFA institute. A CFA aspirant should be a graduate degree holder and should have at least 48 months of work experience. The CFA exam is divided into three stages and each exam is of three hours. Here we will discuss about CFA level 1. All the three exams are conducted on paper and the first exam is administered twice a year. The first stage focuses on the introduction to financial reporting and analysis and asset valuation. The syllabus of the level 1 consists of the following subjects.

Ethical and professional standards- This section of the syllabus focuses on rules and ethics that should be followed when one is managing the monetary issues or when issuing research reports. This is concerned with the proper and legitimate use of the designation conferred upon the charter holders. The Code and Standards state the rules and regulations that CFA charter holders need to follow in their practice.

Quantitative methods- (This section comprises of statistics, time series analysis, time value of money, hypothesis testing etc.)
Economics- (In this section both micro-economics and macro-economics are covered.)
Financial reporting & Analysis-(This section includes topics related to financial reporting, financial statement analysis etc.)
Corporate finance
Equity Investments
Fixed Income
Alternative Investments

It is important to know the breakdown of the entire syllabus of the CFA level 1 in order of the percentage of the questions which are likely to come in the actual exam. The first section comprises of 155 of questions per exam. The quantative method paper includes 12% of questions per exam. . The economics exam consists of 10% of questions per exam. Financial reporting and analysis consists of 20% while the fixed income questions consist of 12& of the questions per exam. Derivatives and Alternative investment consists of 5% and 3% of question per exam respectively.

The CFA Curriculum is based upon the 'Candidate Body of Knowledge' which is established by the CFA institute. There are thousands of people who appear for the CFA exam but there are few who are able to pass the Chartered Financial Analyst exam. The CFA exam needs a lot of focused preparation. Nowadays online learning is the best solution to study at one's own pace. Students who are gearing up for this prestigious exam can study with the help of CFA Level 1 Exam Sample Questions which can be easily bought online.

ATI Financial Training provides study material For Free CFA level 1 exam & level 2. The course material helps to pass the Chartered Financial analyst exam in the first attempt.

Report this article Ask About This Article

More to Explore