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  • CFA Guide

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    shresth toshniwal
    47 views5 pages
    This document provides resources for studying for the CFA Level 1 exam. It includes recommended study plans, free study materials like notes from previous top candidates, the official CFA curriculum, topic-specific study recommendations and materials for Economics, Quant, FRA, Ethics, Fixed Income, and Alternative Investments. It also outlines changes to the 2022 CFA exam syllabus and provides tips for using the financial calculator.

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    This document provides resources for studying for the CFA Level 1 exam. It includes recommended study plans, free study materials like notes from previous top candidates, the official CFA curriculum, topic-specific study recommendations and materials for Economics, Quant, FRA, Ethics, Fixed Income, and Alternative Investments. It also outlines changes to the 2022 CFA exam syllabus and provides tips for using the financial calculator.

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    47 views5 pages

    CFA Guide

    Uploaded by

    shresth toshniwal
    This document provides resources for studying for the CFA Level 1 exam. It includes recommended study plans, free study materials like notes from previous top candidates, the official CFA curriculum, topic-specific study recommendations and materials for Economics, Quant, FRA, Ethics, Fixed Income, and Alternative Investments. It also outlines changes to the 2022 CFA exam syllabus and provides tips for using the financial calculator.

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    © All Rights Reserved
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    of 5

    Let’s crack it

    REVISE

    Chronology of Study

    https://300hours.com/cfa-level-1-study-order/#recommended-study-plan-for-cfa-level-1-topics-2
    021-and-2022s-curriculum

    Calculator Tips
    Set you calculator to floating decimal and set time period to 1
    https://300hours.com/ba-ii-plus-guide/
    Resources to study
    NOTES:

    IFT notes, concepts 101


    https://300hours.com/the-free-cfa-study-materials-list/#free-probability-distribution-tables

    Reddit top 10 percentile candidate notes -


    https://drive.google.com/drive/folders/1S_F8B5HDLoDuxTNHVmT781EVPQVW4kzN

    CFA Curriculum -
    https://www.cfainstitute.org/en/programs/cfa/candidate/downloadable-curriculum

    Economics-
    ● Lectures: https://youtube.com/playlist?list=PLcmt2ZfkV0M3nW2hu3RO3hEhgabi8jN2F
    ● Entire Syllabus
    https://analystprep.com/cfa-level-1-exam/economics/learning-sessions-curriculum-econo
    mics/

    ● CHEAT SHEET: CFA Level 1 Economics: Our Cheat Sheet - 300Hours

    ● Question oriented Summary


    https://www.cfainstitute.org/en/membership/professional-development/refresher-readings
    /economic-growth
    ●

    Quant
    ● Statistics/probability : https://www.youtube.com/channel/UCiHi6xXLzi9FMr9B0zgoHqA
    ● Z-Scores, Standardization, and the Standard Normal Distribution - thematic
    understanding
    ● Normal Distribution
    ● Covariance Matrix - https://www.youtube.com/watch?v=152tSYtiQbw
    ●

    Why we use negative values for SFRatio- brillian analyst forum explaination

    FRA
    ● Inventory Write downs and effect on end inventory, COGS, NI,
    https://www.netsuite.com/portal/resource/articles/inventory-management/inventory-write-
    down.shtml

    ● Direct method -
    https://accountingsuperpowers.com/financial-statements/cash-flow-statement/cash-flow-
    statement-direct-method/
    ●

    Ethics
    ● Cheat Sheet;)
    https://300hours.com/cfa-level-1-ethics-cheat-sheet/
    ● Must Read Tips- ​https://ipassfinanceexams.com/cfa-ethics-level-1-tips/
    ●
    ●

    Fixed Income

    ● Summaries
    https://www.youtube.com/playlist?list=PLcmt2ZfkV0M1Wz5v1WrT26B1iyBT32NZL
    ●

    AIF

    ● Quiz and revision - Quizlet Flashcards


    ● Cal Return on Hedge Fund (net and non net of management fee)

    GOOD QUESTION (incentive fee cal. net of hurdle rate when high water mark given) AIF CFA
    Q.51
    Q 67 = Incentive fee = (Year-end value – High water mark) × Incentive fee %

    Resources to Practice
    MOCK
    Tests- https://300hours.com/heres-a-free-practice-test-for-all-cfa-level-i-candidates/
    ALL IN ONE: https://www.uworld.com/app/index.html#/login/

    Quizzes: https://app.analystprep.com/beforestart/36060

    Revision
    UWorld Notes/flash cards (esp ethics)
    Highlighted and Low confidence - CFA website.

    Changes to the Syllabus

    Big changes in alt investment, Corp Finance/issuers

    ● 5 readings from 2020/2021 were removed:


    ○ Reading 5 – Global Investment Performance
    Standards
    ○ Reading 7 – Statistical Concepts & Market Returns
    ○ Reading 32 – Capital Budgeting
    ○ Reading 33 – Cost of Capital
    ○ Reading 35 – Working Capital Management
    ● 8 new readings were added (mostly in Quant Methods and
    Corporate Issuers):
    ○ Reading 2 – Organizing, Visualizing, and
    Describing Data
    ○ Reading 7 – Introduction to Linear Regression
    ○ Reading 28 – Uses of Capital
    ○ Reading 29 – Sources of Capital
    ○ Reading 30 – Cost of Capital – Foundational
    Topics
    ○ Reading 31 – Capital Structure
    ○ Reading 52 – The Behavioral Biases of Individuals
    ○ Reading 60 – Ethics Application

    PM: Introduces rolling-window back testing and historical/Monte Carlo


    simulation of multifactor portfolios

    Best Tips
    ● Start using the calculator as soon as you start studying
    ● Use Algebraic Operating System (AOS) instead of Chain Method (CHN

    Screen should show ‘AOS’. If not just repeat the keystrokes.Set your calculation method to
    Algebraic Operating System (AOS).

    This means that when you calculate 3 + 4 x 5, it will show 23.​

    The chain method (Chn) however, will show 35. We recommend AOS method setup to avoid
    confusion.

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