Can anyone help me interpret the 2015 CFA Level 1 syllabus?

Many people think that the CFA level is relatively computationally intensive, so there will be a lot of complex formulas to memorize. In fact, the CFA exam does not require much mathematics and is at best a university.

In the first half of the first and second grades of calculus, there are also two textbooks on probability theory, in fact, many calculations are very basic. The calculation is not actuarial, so you don't have to worry about this, the analyst naturally focuses on judging the validity and usefulness of the data.

The CFA Level 1 exam is relatively basic and has many concepts, but this does not mean that you need to memorize them all, especially economics and financial analysis, we do not need to memorize the concepts by rote, because the CFA examines the analyst's point of view, so the logical derivation ability is very important. For example, financial analysis involves the impact of changing the accounting standard side on the index (lifo to fifo), in fact, there is no need to memorize here, as long as you know that the inventory value of lifo is undervalued in an inflationary environment, then the current assets will be reduced, then the natural currentratio will be reduced, but we need to make logical deductions in the brain, we only need to memorize some simple financial indicators. For example, we can understand and analyze the characteristics of cross-elasticity and income elasticity through common sense in life, and then we must learn to analyze according to the graphs in economics, and we do not need to memorize the conclusions.

A large number of exercises are necessary, but the order in which the CFA exam is done is more important, and it is necessary to grasp how to do the questions effectively. The purpose of doing questions in the early stage is to understand the knowledge points and summarize the concepts, the after-class exercise question set of notes, and the basic exercise questions of Kaplan) The purpose of doing questions in the middle stage is to grasp and summarize the overall knowledge points, sort out a general framework and curriculum system of the exam, and make clear thinking in the mind.

The main changes are ethics, financial statements, fixed income and derivatives, and it is recommended that candidates pay special attention to the derivatives part, and the syllabus has been changed to add some derivatives valuation content from the original Level 2, which is more difficult. The ethics section has been using the 11th edition of the handbook since 2015, emphasizing the examination of new ** and new technologies.

The question types of the 2023 CFA Level 1 exam are: each exam has 90 multiple-choice questions, and the exam has a total of 180 multiple-choice questions, and the CFA Level 1 exam is divided into two sessions, and candidates must complete two exams to achieve results.

What subjects are tested in the 2023 CFA Level 1 exam.

The subjects of the 2023 CFA Level 1 exam are as follows: Equity Investment, Economics, Quantitative Analysis, Derivatives Investment, Professional Ethics, Corporate Finance, Financial Statement Analysis, Fixed Income Investment, Portfolio Management, and Alternative Investment.

Is the CFA Level 1 exam difficult?

CFA level 1 exam is the least difficult of the three levels, the content of the CFA level 1 exam is mainly the memory of knowledge points, does not require a very in-depth understanding, and memory relative to understanding, is still relatively easy to control, as long as it takes enough time, the probability of passing is very large, if you really don't know how to learn, you can also pass the relevant courses, get the opportunity to be tutored by high-quality teachers, learn with the help of teachers, and have a greater chance of successfully passing the exam.

What are the recommendations for preparing for CFA Level 1 in 2023.

1.Sign up for a training course.

For those who work, because they are busy during the day, it can be said that there is basically no extra time to spend on CFA classes. So what do we do to laugh? In this case, no matter how busy you are, you can only stick to your studies every day.

Whether it's coming home from work in the morning or coming home from work in the evening, you need to set aside at least an hour to study CFA classes. For students with weak learning ability, it is recommended to sign up for online training classes and follow the teacher's rhythm in the free time in the evening, so that the learning efficiency will be higher.

2.Improve your basic knowledge.

The CFA exam is one of the exams in the field of finance. In general, people with solid financial knowledge need shorter preparation time than candidates with a weak financial foundation. Therefore, whether candidates can pass the CFA Level 1 exam within three months is related to their basic level.

3.Do a good job of sprinting before the exam.

When the CFA exam is approaching, it is also the most critical sprint stage for all split candidates. A few days before the exam, what candidates have to do is to summarize the key points they have learned, keep reviewing the content they have learned, repeat the questions they have done wrong, and review the knowledge points from time to time.

What are the 2023 CFA Level 1 exam times?

Here are the exam dates that have been announced:

The CFA Level 1 exam will be held from February 14 to February 20, 2023; CFA Level 1 Exam Date: May 16-May 22, 2023; CFA Level 1 exam date: August 22, 2023 - August 28, 2023.

There are 10 test subjects in the 2023 CFA Level 1 exam, and the proportion of each exam subject and its weight is as follows:

Professional ethics 15-20%, quantitative analysis 8-12%, economics 8-12%, financial statement analysis 13-17%, corporate issuers 8-12%, equity investment 10-12%, fixed equity investment 10-12%, derivatives 5-8%, other investment 5-8%, portfolio management 5-8%.

The CFA Level 1 exam focuses on the acquisition and application of knowledge in the areas of investment instruments, asset classes, portfolio management, and ethics and professional conduct.

2023 CFA Level 1 Exam Dates.

The 2023 CFA Level 1 exam is divided into four exam seasons: February, May, August and November

Duration of the CFA Level 1 exam.

The CFA computer-delivered exam is conducted in two sessions, each lasting 135 minutes, with an optional break between the two sessions. Candidates must take both exams in their entirety to achieve their results.

Session 1 (2 hours 15 minutes): 90 multiple-choice questions covering 4 subjects: Ethics and Professional Standards, Quantitative Methods, Economics, and Financial Statement Analysis.

Session 2 (2 hours 15 minutes): 90 multiple-choice questions covering 6 subjects: Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, Portfolio Management.

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