CFA Exam Preparation – Part 3

Course Fee

7500

Class Duration

108 Hours

Sessions

36

No of Weeks

18 Weeks

Course Calendar

CFA L3 FASTRACK COURSE (1 Full Week)

40 Hrs of Classroom Tutoring 2 Mock Tests

Timing: SUN, MON, TUE, WED, THUR(Fastrack Course)
08:00AM – 5:00PM

Course Fees: AED 4000

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CFA Level 3 FULL COURSE (18 WEEKENDS)

108 Hrs of Classroom Tutoring 4 Mock Tests

Timing: FRI & SAT
(WEEKDAYS & WEEKEND)
07:00PM – 10:00PM

Course Fees: AED 7500

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CFA Level 3 FULL COURSE (18 WEEKDAYS)

108 Hrs of Classroom Tutoring 4 Mock Tests

Timing: SUN & TUE
(WEEKEND)
07:00PM – 10:00PM

Course Fees: AED 7500

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CFA Level 3 FULL COURSE (9 WEEKENDS & WEEKDAYS)

108 Hrs of Classroom Tutoring 4 Mock Tests

Timing:FRI & SAT
07:00PM – 10:00PM SUN & TUE 7PM–10PM

Course Fees:AED 7500

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Overview

What is CFA L3?

CFA L3 – Chartered Financial Analyst is a finance profession certification test. CFA L3 is the 3rd level of the 3-part CFA exam. CFA is the highest distinction in the investment management profession.

Who Conducts CFA L3?

CFA L3 is administered by CFA Institute, a private nonprofit organization in USA.

Who writes CFA L3?

CFA L3 is written by working professionals, who have a bachelor’s degree and have already cleared the CFA L2.

What is the test duration of the CFA L3?

CFA L3 test is conducted on a single day for a total duration of 6 hours. The test is split into two sessions.

· Morning session – 3 hours.

· Afternoon session – 3 hours.

How many questions are there on CFA L3?

A total of 120 questions are there on the CFA L3.

· Morning Session –

· Afternoon Session – 10 Vignettes – 6 questions / vignette – 60 questions (total)

What is the score distribution of CFA L3?

The score distribution of CFA L3 in each section is as follows

· Correct Answer – 3 Point

· In Correct Answer / Unanswered – 0 Point

What is the General Test Structure and Time Allowed for CFA L3?

· Morning Session – 60 questions, 3 hours

· Afternoon Session – 60 questions, 3 hours

What is the question pattern?

For the CFA L3, the question pattern is divided as follows

· Morning Session – essay-style questions with multiple parts to help you organize your answer

· Afternoon Session – Multiple-choice Questions

What are the topics & its weightage in CFA L3?

As mentioned earlier, CFA L3 is divided into 10 topics.

· Ethics & Professional Standards – 10 – 15%

· Economics – 5 – 10%

· Equity Investments – 10 – 15%

· Fixed Income – 15 – 20%

· Portfolio Management – 35 – 40%

· Derivatives – 5 – 10%

· Alternative Investment – 5 – 10%

What is the CFA L3 test environment?

CFA L3 is a paper-based test

When is the CFA L3 score published?

Since CFA L3 is a paper-based test, it requires time for scoring, the official test score would be available 12 weeks after the test date.

Can I cancel the CFA L3 test scores after taking the test?

No

How long is CFA L3 pass result valid?

There is no specific validity period or expiry date. A candidate can administer the test in any year on the test dates and avail as many years of gap he wants between two levels.

How many times is the CFA L3 administered in a year?

CFA L3 is a paper-based test administered once in a year in the UAE.

Test Date Early Registration Standard Registration Late Registration Test Result
Sunday, 15th June, 2019 17th Oct, 2018 13th Feb, 2019 13th Mar, 2019 September, 2019

Eligibility criteria for CFA L3?

Candidate should have a Bachelor’s degree· He / She should have passed in t

How many times can the candidate take CFA L3?

In a span of one year, the student is entitled to take CFA L3 only once.

What are the benefits of CFA L3?

Successfully completing CFA L3 is the beginning of your career in the field of finance. With the CFA L3 qualification, Candidates should be able to find an Analyst / Senior analyst job in any of the research houses, brokerage companies or work as a trader in an investment management firms. But keep in mind that completing L3 and finally obtaining the charter is the ticket into the big leagues.

What is the CFA L3 Exams Fees Structure?

· CFA Program Enrollment Fee – $450·
CFA L3 exam fee (Early Registration) – $650
· CFA L3 exam fee (Standard Registration) – $950
· CFA L3 exam fee (Late Registration) – $1380


https://www.cfainstitute.org/programs/cfa/exam/fees/

How to register for CFA L3?

Interested candidates may register for CFA L3 online. The candidate may follow the online registration process –
· The candidate should login to his / her account in the cfainstitute.org website
· Complete the CFA L3 registration form
· Select the Date and Location for CFA L3 Test
· Make a payment for CFA L3 exam fee ($650 or $950 or $1380)

Where is the test center for CFA L3 in UAE?

1) Sharjah Expo Center

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Course Syllabus

Topic 1: Financial Statements

a) Income Statement
b) Balance Sheet
c) Statement of Cash Flows
d) Limitations of Financial Statements
e) Footnotes/Disclosures to Financial Statements
f) Users of Financial Statements

Topic 2: Recognition, Measurement, Valuation and Disclosure

a) Fair Value Standards and Measurements
b) Accounts Receivable
c) Inventory
d) Investments
e) Intangibles
f) Deferred Income Taxes
g) Leases
h) Equity Transactions
i) Revenue Recognition
j) Gains and Losses
k) Expense Recognition
l) Comprehensive Income
m) Discontinued Operations
n) Extraordinary Items
o)Differences in Financial Results: IFRS vs GAAP

Topic 1: Strategic Planning

a) Strategy and Strategic Planning
b) Analysis of External Factors Affecting Strategy
c) Analysis of Internal Factors Affecting Strategy
d) SWOT Analysis
e) Long-Term Vision, Mission, Goals and Objectives
f) Alignment of Tactics with Long-Term Strategic Goals
g) Characteristics of Successful Strategis/Tactical Planning
h) Contingency Planning
i) Other Planning Tools and Techniques

Topic 2: Budgeting Concepts

a) Fundamentals: Terminology, Budget Cycle and Reasons for Budgeting
b) Operations and Performance Goals
c) Characteristics of Successful Budgeting & Budget Process
d) Resource Allocation

Topic 3: Forecasting Techniques

a) Quantitative Methods
b) Regression Analysis
c) Linear Curve Analysis
d) Expected Value

Topic 4: Budgeting Methodologies

a) Annual/Master Budget
b) Project Budgeting
c) Activity Based Budgeting
d) Incremental Budgeting
e) Zero-Based Budgeting
f) Continuous (Rolling) Budgets
g) Flexible Budgeting

Topic 5: Annual Profit Plan and Supporting Schedules

a) Master Budget
b) Operating Budget
c) Financial Budgets
d) Relationship Among Cash Budget, Capital Expenditure Budget and Pro Forma Financial Statements

Topic 6: Top-Level Planning Analysis

a) Pro Forma Financial Statements and Budgets
b) Creating a Pro Forma Income Statement with the Percentage of Sales Method
c) Assessing Anticipated Performance Using Pro Forma Financial Statements
d) Performing Sensitivity Analysis

Topic 1: Cost and Variance Measures

a) Bounce Sporting Goods Illustration
b) Standard Cost System
c) Management by Exception
d) Flexible Budget
e) Direct labor Variances
f) Direct Materials Variances
g) Variable Overhead Variances
h) Fixed Overhead Variances
i) Multiple Products and Sales Mix Variance
j) Mix Variance when Raw Materials are Substitutable
k) Variance Analysis in Non Manufacturing Organizations
l) Importance of Industry Knowledge

Topic 2: Responsibility Centers and Reporting Segments

a) Types of Responsibility Centers
b) Contribution and Segment Reporting
c) Transfer Pricing Models
d) Reporting of Organizational Segments

Topic 3: Performance Measures

a) Product Profitability Analysis
b) Business Unit Profitability Analysis
c) Customer Profitability Analysis
d) Return on Investment
e) Residual Income
f) Balanced ScoreCard
g) Performance Measures and Reporting Mechanisms

Topic 1: Measurement Concepts

a) Actual, Normal, and Standard Costing
b) Cost Behaviour and Cost Objects
c) Cost Drivers
d) Absorption (Full) and Variable (Direct) Costing
e) Joint Product and By-Product Costing
f) Market-Based Methods of Allocating Joint Costs to Joint Products
g) Physical Measure
h) Absorption Versus Full Costing

Topic 2: Costing Systems

a) Cost Flows in a Manufacturing Organization
b) Job Order vs Process Costing
c) Life Cycle Costing
d) Other Costing Methods

Topic 3: Overhead Costs

a) Fixed and Variable Overhead Expenses
b) Plant-Wide, Departmental, and Activity-Based Overhead Costing
c) Allocation of Service Department Costs

Topic 4: Supply Chain Management

a) Supply Chain Management
b) Lean Manufacturing
c) Materials Requirement Planning
d) Just-in-Time Manufacturing
e) Enterprise Resource Planning
f) Outsourcing
g) Theory of Constraints
h) Capacity Concepts

Topic 5: Business Process Improvement

a) Value Chain Analysis
b) Value-Added Concepts and Quality
c) Process Analysis
d) Benchmarking
e) Activity-Based Management
f) Continuous Improvement (Kaizen) Concepts
g) Best Practice Analysis
h) Costs of Quality Analysis
i) Business Process Improvement in Accounting Operations

Topic 1: Governance, Risk and Compliance

a) What is Internal Control?
b) 17 Principles of Internal Control
c) Enterprise Risk Management Policies and Procedures
d) The COSO Control Components: Designing Controls to Address Risks
e) A Key Control and Goal: Safeguarding Assets
f) Internal COntrol Monitoring Purpose and Terminology
g) Audit Risk
h) External Auditor’s Responsibilities
i) Corporate Governance and Responsibility

Topic 2: Internal Auditing

a) Internal Audit Definition, Function and Scope
b) Internal Control Objectives, Components and Tests
c) Internal Audit Plans
d) Internal Control Breakdowns and Risks
e) Internal Audit Types and Objectives
f) Roles and Responsibilities of the Chief Audit Executive
g) Reporting Relationship of the Chief Audit Executive

Topic 3: Systems Control and Security Measures

a) General Information Systems Controls
b) Network, Hardware and Facility Controls
c) Business Continuity Planning
d) Accounting Controls
e) Flowcharting to Assess Controls