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CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Certification Path
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Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
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CFA CFA-Level-I Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Portfolio Management | 8–12% | - Portfolio planning and construction - Risk and return concepts - Asset allocation and performance measurement |
| Topic 2: Equity Investments | 11–14% | - Equity valuation models - Industry and company analysis - Market organization and structure |
| Topic 3: Alternative Investments | 7–10% | - Private equity, real estate, hedge funds - Investment characteristics and returns - Commodities and infrastructure |
| Topic 4: Fixed Income | 11–14% | - Fixed income securities characteristics - Bond valuation and risk measures - Yield measures, spot rates, forward rates |
| Topic 5: Derivatives | 5–8% | - Forwards, futures, options, swaps - Derivative pricing and valuation basics - Derivative markets and instruments |
| Topic 6: Corporate Issuers | 6–9% | - Corporate governance - Business and financial risk - Capital structure - Capital budgeting |
| Topic 7: Ethical and Professional Standards | 15–20% | - Global Investment Performance Standards (GIPS) - Code of Ethics and Standards of Professional Conduct |
| Topic 8: Economics | 6–9% | - International trade and currency markets - Microeconomics - Monetary and fiscal policy - Macroeconomics |
| Topic 9: Financial Statement Analysis | 11–14% | - Income statement, balance sheet, cash flow statement - Financial reporting standards - Inventories, long-lived assets, taxes, debt - Ratio analysis and profitability |
| Topic 10: Quantitative Methods | 6–9% | - Time value of money - Regression and time-series analysis - Statistical concepts and returns - Probability and hypothesis testing |
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