CFA Exam Preparation – Part 1

Course Fee

AED 7500

Class Duration

108 Hours

Sessions

36

No of Weeks

18 Weeks

Course Calendar

CFA L1 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 1 FULL COURSE
(18 WEEKENDS)

108 Hrs of Classroom Tutoring 4 Mock Tests

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

Course Fees: AED 7500

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CFA Level 1 FULL COURSE
(18 WEEKDAYS)

108 Hrs of Classroom Tutoring 4 Mock Tests

Timing:
SUN & TUE
05:00PM – 07:00PM

Course Fees: AED 7500

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CFA Level 1 FULL COURSE
(9 WEEKENDS & WEEKDAYS)

108 Hrs of Classroom Tutoring 4 Mock Tests

Timing:FRI & SAT, 7 PM – 10 PM SUN & TUE
7 PM – 10 PM

Course Fees:AED 7500

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Overview

What is CFA L1?

CFA L1 – Chartered Financial Analyst is a finance profession certification test. CFA is the highest distinction in the investment management profession.

Who Conducts CFA L1?

CFA L1 is administered by CFA Institute, a private nonprofit organization in USA.

Who writes CFA L1?

CFA L1 is written by working professionals, who have a bachelor’s degree, or students, who are in their final year in college.

What is the test duration of the CFA L1?

CFA L1 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 L1?

A total of 240 questions are there on the CFA L1.

* Morning Session – 120 questions

* Afternoon Session – 120 questions

What is the score distribution of CFA L1?

The score distribution of CFA L1 in each section is as follows

* Correct Answer – 1 Point

* In Correct Answer / Unanswered – 0 Point

What is the General Test Structure and Time Allowed for CFA L1?

* Morning Session – 120 questions, 3 hours

* Afternoon Session – 120 questions, 3 hours

What is the question pattern?

For the CFA L1, the question pattern is divided as follows

* Morning Session – Multiple-choice Questions

* Afternoon Session – Multiple-choice Questions

What are the topics & its weightage in CFA L1?

As mentioned earlier, CFA L1 is divided into 10 topics.

* Ethics & Professional Standards – 15%

* Quantitative Methods – 10%

* Economics – 10%

* Financial Reporting Analysis – 15%

* Equity Investments – 11%

* Fixed Income – 11%

* Corporate Finance – 10%

* Portfolio Management – 6%

* Derivatives – 6%

* Alternative Investment – 6%

What is the CFA L1 test environment?

CFA L1 is a paper-based test.

When is the CFA L1 score published?

Since CFA L1 is a paper-based test, it requires time for scoring, the official test score would be available 8 weeks after the test date.

Can I cancel the CFA L1 test scores after taking the test?

No

How to send official CFA L1 Score reports to recipient colleges?

You will be asked to designate 4 free recipient colleges for your official CFA L1 score report until 9 days after you have administered the test. For every Additional score report recipient college, candidates will be charged a fee of $12.

How long is CFA L1 score valid?

CFA L1 score is valid for five years.

How many times is the CFA L1 administered in a year?

CFA L1 is a paper-based test administered 2 times in a year in the UAE.

Test Date Early Registration Standard Registration Late Registration Test Result
Sunday, 16th June, 2019 17th Oct, 2018 13th Feb, 2019 13th Mar, 2019 August, 2019
Saturday, 7th Dec, 2019 27th Mar, 2019 14th Aug, 2019 11th Sep, 2019 January, 2020

 

Eligibility criteria for CFA L1?

* Candidate should have a Bachelor’s degree or he/she should be in the final year of college.

* Age is no bar

How many times can the candidate take CFA L1?

In a span of one year, the student is entitled to take CFA L1 two times.

What are the benefits of CFA L1?

Successfully completing CFA L1 is the beginning of your career in the field of finance. One will be able to find internship positions or a junior analyst job with the CFA L1 qualification. But keep in mind that completing L2, L3 and finally obtaining the charter is the ticket into the big leagues.

What is the CFA L1 Exams Fees Structure?

* CFA Program Enrollment Fee – $450

* CFA L1 exam fee (Early Registration) – $650

* CFA L1 exam fee (Standard Registration) – $950

* CFA L1 exam fee (Late Registration) – $1380

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

How to register for CFA L1?

Interested candidates may register for CFA L1 online. The candidate may follow the online registration process – * The candidate should create an account in the cfainstitute.org website

* Complete the registration form

* Make a onetime payment of $450 for CFA L1 Program Enrollment

* Select the Date and Location for CFA L1 Test

* Make a payment for CFA L1 exam fee ($650 or $950 or $1380)

Where is the test center for CFA L1 in UAE?

1) Sharjah Expo Center

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Course Syllabus

Reading 1: Ethics and Trust in the Investment Profession
a) Ethics and Trust

Reading 2: Code of Ethics and Standards of Professional Conduct
a) Code and Standards

Reading 3: Guidance for Standards I–VII
a) Guidance for Standards I(A) and I(B)
b) Guidance for Standards I(C) and I(D)
c) Guidance for Standards II
d) Guidance for Standards III(A) and III(B)
e) Guidance for Standards III(C), III(D), III(E)
f) Guidance for Standards IV
g) Guidance for Standards V
h) Guidance for Standards VI
i) Guidance for Standards VII

Reading 4: Introduction to the Global Investment Performance Standards (GIPS®)
a) Introduction to GIPS

Reading 5: The GIPS Standards
a) The GIPS Standards

CFA L1 – Quantitative Methods – Study Session 2

Reading 6: The Time Value of Money
a) EAY and Compounding Frequency
b) Calculating PV and FV
c) Uneven Cash Flows”

Reading 7: Discounted Cash Flow Applications
a) NPV, IRR, and HPR
b) Returns and Yields

Reading 8: Statistical Concepts and Market Returns
a) Describing Data Sets
b) Means and Variance
c) Skew, Kurtosis, and Sharpe Ratio

Reading 9: Probability Concepts
a) Conditional and Joint Probabilities
b) Conditional Expectations, Correlation
c) Portfolio Variance, Bayes, and Counting Problems

CFA L1 – Quantitative Methods – Study Session 3

Reading 10: Common Probability Distributions
a) Uniform and Binomial Distributions
b) Normal Distributions
c) Lognormal Distribution, Simulations

Reading 11: Sampling and Estimation
a) Central Limit Theorem and Standard Error
b) Confidence Intervals and t-Distribution

Reading 12: Hypothesis Testing
a) Hypothesis Tests and Types of Errors
b) Tests of Means and p-Values
c) Mean Differences, Difference in Means

Reading 13: Technical Analysis
a) Technical Analysis

CFA L1 – Economics – Study Session 4

Reading 14: Topics in Demand and Supply Analysis
a) Elasticity
b) Demand and Supply

Reading 15: The Firm and Market Structures
a) Perfect Competition
b) Monopolistic Competition
c) Oligopoly
d) Monopoly and Concentration

Reading 16: Aggregate Output, Prices, and Economic Growth
a) GDP, Income, and Expenditures
b) Aggregate Demand and Supply
c) Macroeconomic Equilibrium and Growth

Reading 17: Understanding Business Cycles
a) Business Cycle Phases
b) Inflation and Indicators

CFA L1 – Economics – Study Session 5

Reading 18: Monetary and Fiscal Policy
a) Money and Inflation
b) Monetary Policy
c) Fiscal Policy

Reading 19: International Trade and Capital Flows
a) International Trade Benefits
b) Trade Restrictions

Reading 20: Currency Exchange Rates
a) Foreign Exchange Rates
b) Forward Exchange Rates
c) Managing Exchange Rates

CFA L1 – Financial Reporting & Analysis – Study Session 6

Reading 21: Financial Statement Analysis: An Introduction
a) Financial Statement Roles
b) Footnotes, Audit, and Analysis

Reading 22: Financial Reporting Standards
a) Standards Overview
b) IFRS and U.S. GAAP
c) Financial Reporting Framework

CFA L1 – Financial Reporting & Analysis – Study Session 7

Reading 23: Understanding Income Statements
a) Income Statement Overview
b) Percentage of Completion
c) Installment Sales
d) Expense Recognition
e) EPS and Dilutive Securities
f) Common-Size Income Statements

Reading 24: Understanding Balance Sheets
a) Balance Sheet Introduction
b) Assets and Liabilities
c) Current Assets and Liabilities
d) Noncurrent Assets and Liabilities
e) Intangible Assets
f) Marketable Securities
g) Shareholders Equity and Ratios

Reading 25: Understanding Cash Flow Statements
a) Cash Flow Introduction
b) The Direct and Indirect Methods
c) Converting Direct to Indirect
d) Free Cash Flow and Ratios

Reading 26: Financial Analysis Techniques
a) Introduction to Financial Ratios
b) Financial Ratios, Part 1
c) Financial Ratios, Part 2
d) DuPont Analysis
e) More Financial Ratios

CFA L1 – Financial Reporting & Analysis – Study Session 8

Reading 27: Inventories
a) Cost Flow Methods
b) Inventory Systems
c) Converting LIFO to FIFO
d) Inventory Valuation
e) Inventory Analysis

Reading 28: Long-Lived Assets
a) Capitalization vs. Expensing
b) Depreciation
c) Impairment and Revaluation
d) Leases and Fixed Asset Disclosures

Reading 29: Income Taxes
a) Tax Terms
b) Deferred Tax Liabilities and Assets
c) Deferred Tax Examples
d) Change in Tax Rates
e) Permanent Differences

Reading 30: Non-Current (Long-Term) Liabilities
a) Bond Issuance
b) Discount and Premium Bonds
c) Issuance Cost, Derecognition, and Disclosures
d) Lessee Accounting
e) Lessor Accounting
f) Pension Plan Accounting

CFA L1 – Financial Reporting & Analysis – Study Session 9

Reading 31: Financial Reporting Quality
a) Reporting Quality
b) Accounting Choices and Estimates
c) Warning Signs

Reading 32: Financial Statement Analysis: Applications
a) Forecasting
b) Credit and Equity Analysis

CFA L1 – Corporate Finance – Study Session 10

Reading 33: Corporate Governance and ESG: An Introduction
a) Stakeholder Management
b) Factors Affecting Corporate Governance”
“Reading 34: Capital Budgeting
a) Capital Projects, NPV, and IRR
b) Payback Period, Project Rankings

Reading 35: Cost of Capital
a) Weighted Average Cost of Capital
b) Project Cost of Capital

CFA L1 – Corporate Finance – Study Session 11

Reading 36: Measures of Leverage
a) Measures of Leverage

Reading 37: Working Capital Management
a) Working Capital Management

CFA L1 – Portfolio Management – Study Session 12

Reading 38: Portfolio Management: An Overview
a) Portfolio Management Process
b) Pooled Investments

Reading 39: Portfolio Risk and Return: Part I
a) Returns Measures
b) Covariance and Correlation
c) The Efficient Frontier

Reading 40: Portfolio Risk and Return: Part II
a) Systematic Risk and Beta
b) The CAPM and the SML

CFA L1 – Portfolio Management – Study Session 13

Reading 41: Basics of Portfolio Planning and Construction
a) Portfolio Planning and Construction

Reading 42: Risk Management: An Introduction
a) Risk Management Introduction

Reading 43: Fintech in Investment Management
a) Fintech in Investment Management

CFA L1 – Equity Investments – Study Session 14

Reading 44: Market Organization and Structure
a) Markets, Assets, and Intermediaries
b) Positions and Leverage
c) Order Execution and Validity

Reading 45: Security Market Indexes
a) Index Weighting Methods
b) Uses and Types of Indexes

Reading 46: Market Efficiency
a) Efficient Markets

CFA L1 – Equity Investments – Study Session 15

Reading 47: Overview of Equity Securities
a) Types of Equity Investments
b) Foreign Equities and Equity Risk

Reading 48: Introduction to Industry and Company Analysis
a) Industry Analysis
b) Pricing Power and Company Analysis

Reading 49: Equity Valuation: Concepts and Basic Tools
a) Dividends, Splits, and Repurchases
b) Dividend Discount Models
c) Relative Valuation Measures

CFA L1 – Fixed Income – Study Session 16

Reading 50: Fixed-Income Securities: Defining Elements
a) Bond Indentures, Regulation, and Taxation
b) Bond Cash Flows and Contingencies

Reading 51: Fixed-Income Markets: Issuance, Trading, and Funding
a) Types of Bonds and Issuers
b) Corporate Debt and Funding Alternatives

Reading 52: Introduction to Fixed-Income Valuation
a) Bond Valuation and Yield to Maturity
b) Spot Rates and Accrued Interest
c) Yield Measures
d) Yield Curves
e) Yield Spreads

Reading 53: Introduction to Asset-Backed Securities
a) Structure of Mortgage-Backed Securities
b) Prepayment Risk and Non-Mortgage-Backed ABS

CFA L1 – Fixed Income – Study Session 17

Reading 54: Understanding Fixed-Income Risk and Return
a) Sources of Returns, Duration
b) Interest Rate Risk and Money Duration
c) Convexity and Yield Volatility

Reading 55: Fundamentals of Credit Analysis
a) Credit Risk and Bond Ratings
b) Evaluating Credit Quality

CFA L1 – Derivatives – Study Session 18

Reading 56: Derivative Markets and Instruments
a) Forwards and Futures
b) Swaps and Options

Reading 57: Basics of Derivative Pricing and Valuation
a) Forwards and Futures Valuation
b) Forward Rate Agreements and Swap Valuation
c) Option Valuation and Put-Call Parity
d) Binomial Model for Option Values

CFA L1 – Alternative Investment – Study Session 19

Reading 58: Introduction to Alternative Investments
a) Private Equity and Real Estate
b) Hedge Funds, Commodities, and Infrastructure