Other Financial Professionals

Become a CFA® Charterholder

The Chartered Financial Analyst® (CFA) credential has become the most respected and recognized investment designation in the world; enrolling in the CFA® Program is your first step toward earning this qualification.

The CFA® Program curriculum covers concepts and skills you will use at all stages of your career, bridging academic theory, current industry practice, and ethical and professional standards to provide a strong foundation of advanced investment analysis and real-world portfolio management skills.

The Body of Knowledge includes:

A. Professional Standards of Practice
B. Ethical Practices

A. Time Value of Money
B. Probability
C. Probability Distributions and Descriptive Statistics
D. Sampling and Estimation
E. Hypothesis Testing

A. Market Forces of Supply and Demand
B. The Firm and Industry Organization
C. Measuring National Income and Growth
D. Business Cycles
E. The Monetary System
F. Inflation
G. International Trade and Capital Flows
H. Currency Exchange Rates
I. Monetary and Fiscal Policy
J. Economic Growth and Development
K. Effects of Government Regulation
L. Impact of Economic Factors on Investment Markets

A. Financial Reporting System (with an emphasis on IFRS)
B. Analysis of Principal Financial Statements
C. Financial Reporting Quality
D. Analysis of Inventories and Long-Lived Assets
E. Analysis of Taxes
F. Analysis of Debt
G. Analysis of Off-Balance-Sheet Assets and Liabilities
H. Analysis of Pensions, Stock Compensation, and Other Employee Benefits
I. Analysis of Inter-Corporate Investments
J. Analysis of Business Combinations
K. Analysis of Global Operations
L. Ratio and Financial Analysis

A. Corporate Governance
B. Dividend Policy
C. Capital Investment Decisions
D. Business and Financial Risk
E. Capital Structure Decisions
F. Working Capital Management
G. Mergers and Acquisitions and Corporate Restructuring

A. Types of Equity Securities and Their Characteristics
B. Equity Markets: Characteristics and Institutions
C. Equity Portfolio Benchmarks
D. Valuation of Individual Equity Securities
E. Fundamental Analysis (Sector, Industry, Company)
F. Equity Market Valuation and Return Analysis
G. Closely Held Companies and Inactively Traded Securities
H. Equity Portfolio Management Strategies

A. Types of Fixed-Income Securities and Their Characteristics
B. Fixed-Income Markets: Characteristics & Institutions
C. Fixed Income Portfolio Benchmarks
D. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis
E. Term Structure Determination and Yield Spreads
F. Analysis of Interest Rate Risk
G. Analysis of Credit Risk
H. Valuing Bonds with Embedded Options
I. Structured Products
J. Fixed-Income Portfolio Management Strategies

A. Types of Derivative Instruments and Their Characteristics
B. Forward Markets and Valuation of Forward Contracts
C. Futures Markets and Valuation of Futures Contracts
D. Options Markets and Valuation of Option Contracts
E. Swaps Markets and Valuation of Swap Contracts
F. Credit Derivatives Markets and Instruments
G. Uses of Derivatives in Portfolio Management

A. Types of Alternative Investments and Their Characteristics
B. Real Estate Valuation
C. Private Equity/Venture Capital Valuation
D. Hedge Fund Strategies
E. Distressed Securities/Bankruptcies
F. Commodities and Managed Futures
G. Alternative Investment Management Strategies
G. Collectibles

A. The Investment Policy Statement
B. Modern Portfolio Management Concepts
C. Behavioral Finance
D. Management of Individual/Family Investor Portfolios
E. Management of Institutional Investor Portfolios
F. Investment Manager Selection
G. Economic Analysis and Setting Capital Market Expectations
H. Tax Efficiency Strategies
I. Asset Allocation
J. Portfolio Construction and Revision
K. Risk Management
L. Execution of Portfolio Decisions (Trading)
M. Performance Evaluation
N. Presentation of Performance Results

For more information on becoming a CFA charterholder, please click here.

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