CFA

CFA一级的考纲内容在2020年有什么变化？

备考必备  |  2019-10-12

CFA一级的考纲内容在2020年有什么变化？讲变化前先说说有哪些没有发生变化。是的，没看错，虽然是对比，但是每科权重占比并没有发生变化，CFA一级看起来还是CFA一级，但是ta已经微整了“一下”。

没动刀的地方有：

经济学 （Economics）、权益投资（Equity Investment）、其他类投资（Alternative Investments）等。

“微整”的地方有：

伦理道德与专业准则（Ethical and Professional Standards）

Reading 1. Ethics And Trust In The Investment Profession中，新增考纲：

c. describe professions and how they establish trust;

取消对framework for ethical decision making的应用（apply）要求。

数量方法（Quantitative Methods）

删除整个Reading. Discounted Cash Flow Applications

Reading 7. Statistical Concepts and Market Returns中，19相比18年考纲取消对夏普比率（Sharpe ratio）的计算和解释要求。》》》对CFA考纲变化有不清楚的点我咨询

Reading 11. Hypothesis Testing中，新增考纲：

k. formulate a test of the hypothesis that the population correlation coefficient equals zero and determine whether the hypothesis is rejected at a given level of significance;

原Reading 13. Technical Analysis 整体移动到组合管理（Portfolio Management）部分。

*删除一个移动一个，是不是脸变小啦。

公司财报分析（Financial Reporting and Analysis）

Reading 20. Financial Reporting Standards中，删除原考纲要求：

c. describe the status of global convergence of accounting standards and ongoing barriers to developing one universally accepted set of financial reporting standards;

f. compare key concepts of financial reporting standards under IFRS and US generally accepted accounting principles (US GAAP) reporting systems;

g. identify characteristics of a coherent financial reporting framework and the barriers to creating such a framework;

i. analyze company disclosures of significant accounting policies.

Reading 21. Understanding Income Statements中，删除原考纲要求：

b. accrual accounting, specific revenue recognition applications (including accounting for long-term contracts, installment sales, barter transactions, gross and net reporting of revenue), and implications of revenue recognition principles for financial analysis;

d. describe key aspects of the converged accounting standards for revenue recognition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;

Reading 26. Long-lived Assets中，删除原考纲要求：

o. explain and evaluate how leasing rather than purchasing assets affects financial statements and ratios;

p. explain and evaluate how finance leases and operating leases affect financial statements and ratios from the perspective of both the lessor and the lessee.

取消财报准则设置机构的描述、对国际证监会组织的角色描述、财报的目标描述、财报的前提准备等要求。

Reading 30. Non-current (Long-term) Liabilities中，删除原考纲要求：

h. determine the initial recognition, initial measurement, and subsequent measurement of finance leases;

i. compare the disclosures relating to finance and operating leases。

公司金融（Corporate Finance）

Reading 32. Capital Budgeting中，新增考纲：

f.contrast the NPV decision rule to the IRR decision rule and identify problems associated with the IRR rule。

固定收益投资（Fixed Income）

Reading 44. Introduction to Fixed-Income Valuation中，新增考纲：

f.calculate annual yield on a bond for varying compounding periods in a year。

衍生工具（Derivatives）

Reading 48. Derivative Markets and Instruments中，新增考纲：

d.determine the value at expiration and profit from a long or a short position in a call or put option;

Reading 49. Basics of Derivative Pricing and Valuation中，新增考纲：

c. calculate a forward price of an asset with zero, positive, or negative net cost of carry;

删除原考纲：i . explain how the value of a European option is determined at expiration。

投资组合（Portfolio Management）

该部分整体移动到其他类投资之后：

Reading 51. Portfolio Management: An Overview中，新增考纲：

b.describe the steps in the portfolio management process;

Reading 52. Portfolio Risk and Return: Part I中，新增考纲：

b. compare the money-weighted and time-weighted rates of return and evaluate the performance of portfolios based on these measures

Reading 54. Basics of Portfolio Planning and Construction中，新增考纲：

h.describe how environmental, social, and governance (ESG) considerations may be integrated into portfolio planning and construction.》》》对CFA一级考纲内容还有不清楚的点我咨询

看完以上内容，CFA考生大致了解2020年CFA一级考试，在了解完这些内容后，考友们就需要结合CFA官方教材、CFA notes等教材进行学习了。

　　CFA全球交流QQ群：908685645。最新CFA资料&资讯随时分享，与众多CFA备考或持证人交流考试经验。

　　声明|本文由金程CFA综合采编自网络。我们尊重原创，重在分享。部分文字和图片来自网络。

相关标签 CFA三级 CFA二级 CFA一级