历年学员对CFA一级考试notes的全面总结

发表时间： 2014/10/07

1.Ethics：

GIPS；issuer-paid research; work completed for employer; Mosaic theory; transaction-based manipulation; soft commission policies; suitability; leaving an employer; diligence and reasonable basis; group research and decision making; communication with clients and prospective clients; record retention; material nonpublic information; referral fees; conduct as members and candidates in the CFA program; reference to CFA Institute, the CFA designation, and the CFA program; SPC; DRC

2.Quantitative Methods：

additional rule of probability；conditional probability；money market yield；sample skewness；change in polarity；divergence； data-mining bias； time-period bias；

3.Ecnomics：

HHI; interest rate parity；GDP deflator；excess supply；producer surplus；substitution effect；inferior good；cross elasticity；shutdown and breakeven；diseconomies of scale；Cournot duoply model；Nash equilibrium model； average cost pricing/marginal cost pricing; IS curve；LM curve；AD curve；long-run disequlibirium；quantity theory of money；fiscal multiplier；Heckscher-Ohlin models of trade；BOP；IMF/World Bank/WTO；exchange rate regimes;

4.Financial Reporting and Analysis：

qualified opinion；adverse opinion；disclaimer of opinion; unearned revenue; prepaid expense; Gross profit; Operating profit; Income before tax; long-term contracts; inventory expense recognition; Depreciation Expense Recognition; diluted EPS; other comprehensive income; held-to-maturities securities; minority interest; financial leverage; extended dupon equation; CFO; FCFE; cash conversion cycle; financing lease; DDB; DTA; DTL

5.Corporate Finance:

externalities; NPV profile; WACC; the optimal capital budget; cost of debt; cost of equity(the dividend discount model approach); project beta; DTL; dividend payment chronology; compare share repurchase methods; the effects of a share repurchase on earnings per share; secondary source of liquidity; cost of trade credit; bankers' acceptances; qualifications of board members；cumulative voting；

6. Portfolio Management:

Characteristics of different types of investors； steps in the portfolio management process； buyout funds； venture capital funds； holding period return； leveraged return；correlation； portfolio standard deviation；SML；CML；borrowing and lending portfos；return generating model；

7.Equity Investment：

Execution instructions；price return and total return；DR；compare methods by which companies can be grouped；peer group； industry life cycle；multistage DDM；leading p/e;

8.Fixed Income：

TIPS; interest rate cap; duration; effective duration; modified duration; secured debt; unsecured debt; term structure of interest rates; rate;yield spread measures; after-tax yield; tax-quivalent yield; OAS; spot rates; forward rates; yield to call; YTM; Zero-Volatility spread; convexity effect; pvbp;

9.Derivatives：

Law of one price; FRA payoff(the general formula for the payment to the long at settlement); currency forwards; characteristics of futures contracts; price limits and marking to market; four ways to terminate a futures contract; long call; covered call; protective put; interest rate caps; put-call parity;

10.Alternative Investments：

Hedge fund strategies; identify venture firm investment at different stages of the company’s life; fund of funds; roll yield; collateral yield;

本文出处：北京国际金融培训中心