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2016年CFA一級考綱對比總結(jié)
一、2016年CFA一級考綱新增部分:
1Financial Reporting and Analysis部分
1.1SS7 R23. FINANCIAL REPORTING MECHANICS新增考點a describe how business activities are classified for financial reporting purposes;1.2SS7 R29 新增考點 d, e, f, h, j, k; SS7 R30 新增考點c, k, m, o, p.
2Portfolio Management部分
2.1SS12 新增整個章節(jié)R 42. RISK MANAGEMENT: AN INTRODUCTION2.2SS15 R 55. INTRODUCTION TO ASSET-BACKED SECURITIES 新增考點c & f. 新增知識點e including mortgage pass-through securities and collateralized mortgage obligations3Fixed Income部分SS16 R 57 FUNDAMENTALS OF CREDIT ANALYSIS新增考點b describe default probability and loss severity as components of credit risk;4Alternative Investments部分SS18 R 61 INTRODUCTION TO ALTERNATIVE INVESTMENTS考點d &f都添加了describe infrastructure
二、2016年CFA一級考綱刪除內(nèi)容:
1Equity Analysis and Valuation部分SS14 R 50 INTRODUCTION TO INDUSTRY AND COMPANY ANALYSIS刪除內(nèi)容: 考點h刪掉了一小點:describe product model.
2Fixed Income部分
2.1SS15 R55 刪除內(nèi)容:考點b刪除了the legal structures involved; 原考點e explain the motivation for creating securitized structures with multiple tranches(e.g., collateralized mortgage obligations), and the characteristics and risks of securitized structures.整個刪除2.2SS16 R56 FIXED INCOME ANALYSIS OF RISK刪除內(nèi)容:考點e刪除了embedded options2.3SS16 R57 FUNDAMENTALS OF CREDIT ANALYSIS刪除內(nèi)容:考點i calculate the return impact of spread changes
三、2016年CFA一級考綱修改內(nèi)容:
1Financial Reporting and Analysis部分
1.1SS8 R25 修改內(nèi)容:changes in accounting standards 改成了changes in accounting policies1.2SS9 R29原考綱的考點c&d合并為16年新考綱的c, 原考綱的g改為16年新考綱的I, f改成g, 原考綱的考點h calculate and interpret ratios used to evaluate inventory management修改成了l analyze and compare the financial statements of companies, including companies原考點a-h,現(xiàn)為a-i,各項均有改動;1.3SS9 R30 LONG-LIVED ASSETS原考綱的知識點c、d、e、f、g改變了題號,改成了新考綱的d、e、f、g、h;1.4SS9 R31 INCOME TAX 修改內(nèi)容:知識點h將compare a company’s deferred tax items改成了explain recognition and measurement of current and deferred tax items;2Equity部分
2.1SS13 R48 SECURITY MARKET INDICES修改內(nèi)容:考點f的selected market anomalies改成了market anomalies;考點g關(guān)于behavioral finance的內(nèi)容都改了;2.2SS14 R50 INTRODUCTION TO INDUSTRY AND COMPANY ANALYSIS 修改內(nèi)容:考點d的句子語序有所改變,考點g將return on capital改成了price competition,考點h刪掉了一小點:describe product models;2.3SS14 R51 EQUITY VALUATION: CONCEPTS AND BASIC TOOLS 修改內(nèi)容:考點f將identify companies改成了identify characteristics of companies,g將后半句改成了how the price to earnings multiple relates to fundamentals, and the use of multiples based on comparables;3Fixed Income 部分
3.1SS15 R53 FIXED-INCOME MARKETS: ISSUANCE, TRADING, AND FUNDING原考點e拆分成了新考點的e&f, 考點i的后半句從their importance to investors who borrow short term改成了the risks associated with them;3.2SS15 R55 INTRODUCTION TO ASSET-BACKED SECURITIES考點e新增了including mortgage pass-through securities and collateralized mortgage obligations,考點h&i將credit risk都改成了risks;3.3SS16 R57 FUNDAMENTALS OF CREDIT ANALYSIS 修改內(nèi)容:考點f將components改為具體的four Cs (Capacity, Collateral, Covenants, and Character); 考點j將之前的municipal debt issuers and issues改成了non-sovereign government debt issuers and issues.
4.Alternative Investments部分 R 61 INTRODUCTION TO ALTERNATIVE INVESTMENTS 修改內(nèi)容:考點d&f都添加了describe infrastructure
四、2016年參考書變動部分:
1Financial Reporting and Analysis部分 SS9 R30 LONG-LIVED ASSETS, 15版參考書為Income Taxes International Financial Statement Analysis, by Thomas R. Robinson, CFA, Jan Hendrik van Greuning, CFA, Elaine Henry, CFA, and Michael A. Broihahn, CFA; 16年新版改為By Elbie Louw, CFA,CIPM, and Michael A. Broilhahn, CPA,CIA,CFA2Portfolio Management部分 SS12 R42 RISK MANAGEMENT: AN INTRODUCTION, 新增了一本參考書, Risk Management: An Introduction by Don M. Chance, PhD, CFA, and Michael E. Edleson, PhD, CFA
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