CFA Level I

Study Material for CFA Level I Exam

Ethical and Professional Standards

Course ImageEthics and Trust in the Investment Profession

How seriously do you take the professional standards section of this examination?  I firmly believe ...

Course ImageCode of Ethics and Standards of Professional Condu...

This reading covers the Code of Ethics and Standards of Professional Conduct material of the CFA Lev...

Course ImageGuidance for Standards I - VII

In this reading, we will study the seven standards of professional conduct in detail. The CFA member...

Course ImageGlobal Investment Performance Standards (GIPS®)

In this course, we cover two reading on Global Investment Performance Standards (GIPS) which are a p...

Quantitative Methods (1)

Course ImageStatistical Concepts and Market Returns

In this course, you will learn about descriptive statistics such as central tendency, location, disp...

Course ImageProbability Concepts

In this course, you will learn about probability theory and its applications in measuring risk in in...

Course ImageTime Value of Money

This reading provides an introduction to the concepts and techniques of time value of money. These t...

Quantitative Methods (2)

Course ImageHypothesis Testing

In this course, you will learn about hypothesis testing, used for validating dataset hypotheses, alo...

Course ImageCommon Probability Distributions

This course introduces some of the discrete and continuous probability distributions most commonly u...

Course ImageSampling and Estimation

In the real world, it is often not possible to collect data about an entire population to conduct a ...

Economics (1)

Course ImageDemand and Supply

High quality investment advisors and portfolio managers need to have base competency in economic the...

Course ImageThe Firm and Market Structures

In this course, you will learn about the firm and the various types of market structures: - Types o...

Course ImageAggregate Output, Prices and Economic Growth

In this reading, we begin with the fundamental macroeconomic concepts. This reading covers the build...

Course ImageUnderstanding Business Cycles

In this course, you will learn the following: - Business cycles - Typical patterns of resource ...

Economics (2)

Course ImageMonetary and Fiscal Policy

In this course, you will learn the following: - Monetary and fiscal policy - Money and process ...

Course ImageInternational Trade and Capital Flows

In this reading, we will study economics in the context of global trade. We will start with an under...

Course ImageCurrency Exchange Rates

In this course, you will learn about the currency market fundamentals.

Financial Reporting and Analysis (1)

Course ImageIntroduction to Financial Statement Analysis

In this reading, we will learn the following: - Role of Financial Reporting - Key Financial Sta...

Course ImageFinancial Reporting Standards

In this reading, we will learn the following: - Objectives of financial statements - Importance...

Financial Reporting and Analysis (2)

Course ImageUnderstanding Income Statements

This reading introduces the readers to income statements, one of the three major financial statement...

Course ImageUnderstanding Balance Sheets

This reading introduces the readers to balance sheets, one of the three major financial statements. ...

Course ImageUnderstanding Cash Flow Statements

This reading introduces the readers to cash flow statements, one of the three major financial statem...

Course ImageFinancial Analysis Techniques

In this reading we will learn about how an analyst can use the financial reports to perform detailed...

Financial Reporting and Analysis (3)

Course ImageInventory Analysis

In this course, we will discuss the various methods for valuing inventory, namely, LIFO, FIFO and we...

Course ImageLong-lived Assets

Long-lived assets refer to the long term assets that include property, plant and equipment (PPE), na...

Course ImageAccounting for Income Taxes

A company’s accounting policies (such as depreciation choices, and valuation of assets) can cause di...

Course ImageNon-Current Long Term Liabilities

Non-current liabilities affect a company’s liquidity and solvency and have consequences for its long...

Financial Reporting and Analysis (4)

Course ImageFinancial Statement Analysis: Applications

Till now we learned about the various tools and financial reporting techniques an analyst can use fo...

Corporate Finance (1)

Course ImageCapital Budgeting

In this course, you will learn about capital budgeting and the assessment of capital investments.

Course ImageCost of Capital

The cost of capital is the rate of return that a firm pays to bondholders and equity holders. Cost o...

Corporate Finance (2)

Course ImageWorking Capital Management

Working capital management refers to the set of corporate finance activities that deal with the shor...

Course ImageMeasures of Leverage

Leverage refers to the use of fixed costs in a company's cost structure. In this reading we will lea...

Equity Investments (1)

Course ImageMarket Efficiency

In this course, you will learn about market efficiency and the degree to which market prices may ref...

Course ImageMarket Organization and Structure

This course provides an overview of the financial system and how financial markets are structured. Y...

Course ImageSecurity Market Indexes

This course provides an introduction to the security market indices. You will learn about how indice...

Equity Investments (2)

Course ImageEquity Valuation

In this course, you will learn about the three main equity valuation approaches: present value, mult...

Course ImageOverview of Equity Securities

This course introduces you to various types of equity securities and their characteristics. You will...

Course ImageIndustry and Company Analysis

Industry analysis is a part of portfolio performance attribution, that is, the industry is studied a...

Fixed Income (1)

Course ImageFixed Income Securities - Defining Elements

In this course, you will learn about unique characteristics of fixed-income securities, its covenant...

Course ImageFixed Income Markets: Issuance, Trading and Fundin...

In this course, you will learn about the primary issuers of fixed income securities, primary and sec...

Course ImageIntroduction to Fixed-Income Valuation

This course introduces the general principles for valuation of fixed income securities. You will lea...

Course ImageIntroduction to Asset-backed Securities

This course covers asset securitization, the process of creating securities backed by certain assets...

Fixed Income (2)

Course ImageUnderstanding Fixed-Income Risk and Return

In this course, you will learn about the measurement of interest rate risk using two key concepts, n...

Course ImageFundamentals of Credit Analysis

This course introduces the readers to credit analysis of bonds. You will learn about credit analysis...

Derivatives

Course ImageDerivative Markets and Instruments

This course introduces the concept of derivatives and provides an overview of the various types of d...

Course ImageBasics of Derivative Pricing and Valuation

In this course, you will learn about the features and valuation concepts for forwards, futures, opti...

Alternative Investments

Course ImageIntroduction to Alternative Investments

When we talk about traditional investments, we are generally talking about cash, bonds and stocks. A...

Portfolio Management (1)

Course ImagePortfolio Management - An Overview

This course provides an overview of portfolio management. Additional references: [Hedge Funds](ht...

Course ImagePortfolio Risk and Return

Portfolio Risk and Return

Portfolio Management (2)

Course ImageTechnical Analysis

In this reading, you will learn about technical analysis, a set of tools that uses asset price, trad...

Course ImageBasics of Portfolio Planning and Construction

In this course, we will learn about the process of portfolio planning and construction. We will also...

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