Download Wiley Study Guide for 2015 Level I CFA Exam PDF

TitleWiley Study Guide for 2015 Level I CFA Exam
File Size1.4 MB
Total Pages310
Table of Contents
                            Cover
Volume 1
	Title Page
	Copyright Page
	Contents
	Study Session 1: Ethical and Professional Standards
		Reading 1: Code of Ethics and Standards of Professional Conduct
			LESSON 1: CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
				CFA Institute Professional Conduct Program
				Adoption of the Code and Standards
				Why Ethics Matters
			CFA INSTITUTE CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
				Preamble
				The Code of Ethics
				Standards of Professional Conduct
		Reading 2: Guidance for Standards I‐VII
			LESSON 1: STANDARD I: PROFESSIONALISM
				Standard I(A): Knowledge of the Law
				Standard I(B) Independence and Objectivity
				Standard I(C) Misrepresentation
				Standard I(D) Misconduct
			LESSON 2: STANDARD II: INTEGRITY OF CAPITAL MARKETS
				Standard II(A) Material Nonpublic Information
				Standard II(B) Market Manipulation
			LESSON 3: STANDARD III: DUTIES TO CLIENTS
				Standard III(A) Loyalty, Prudence, and Care
				Standard III(B) Fair Dealing
				Standard III(C) Suitability
				Standard III(D) Performance Presentation
				Standard III(E) Preservation of Confidentiality
			LESSON 4: STANDARD IV: DUTIES TO EMPLOTERS
				Standard IV(A) Loyalty
				Standard IV(B) Additional Compensation Arrangements
				Standard IV(C) Responsibilities of Supervisors
			LESSON 5: STANDARD V: INVESTMENT ANALYSIS, RECOMMENDATIONS AND ACTION
				Standard V(A) Diligence and Reasonable Basis
				Standard V(B) Communication with Clients and Prospective Clients
				Standard V(C) Record Retention
			LESSON 6: STANDARD VI: CONFLICTS OF INTEREST
				Standard VI(A) Disclosure of Conflicts
				Standard VI(B) Priority of Transactions
				Standard VI(C) Referral Fees
			LESSON 7: STANDARD VII: RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE
				Standard VII(A) Conduct as Participants in CFA Institute Programs
				Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program
		Reading 3: Introduction to the Global Investment Performance Standards (GIPS®)
			LESSON 1: INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
				The Structure of the GIPS Standards
		Reading 4: Global Investment Performance Standards (GIPS®)
			LESSON 1: GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
				Fundamentals of Compliance
	Study Session 2: Quantitative Methods—Basic Concepts
		Reading 5: The Time Value of Money
			LESSON 1: INTRODUCTION, INTEREST RATES, FUTURE VALUE AND PRESNT VALUE
				The Financial Calculator
				Timelines
				Sign Convention
				The Future Value of a Single Cash Flow
				The Present Value of a Single Cash Flow
				FV and PV of a Series of Cash Flows
				Present Value of a Perpetuity
				Present and Future Value of Unequal Cash Flows
			LESSON 2: STATED ANNUAL INTEREST RATES, COMPOUNDING FREQUENCY, EFFECTIVE ANNUAL RATES AND ILLUSTRATIONS OF TVM PROBLEMS
				The Frequency of Compounding
				Loan Payments and Amortization
				The Cash Flow Additivity Principle
		Reading 6: Discounted Cash Flow Applications
			LESSON 1: NET PRESENT VALUE AND INTERNAL RATE OF RETURN
				Internal Rate of Return (IRR)
			LESSON 2: PORTFOLIO RETURN MEASUREMENT
			LESSON 3: MONEY MARKET YIELDS
				Market Yields
				Bond Equivalent Yield
		Reading 7: Statistical Concepts and Market Returns
			LESSON 1: FUNDAMENTAL CONCEPTS, FREQUENCY DISTRIBUTIONS AND THE GRAPHICAL PRESENTATION OF DATA
				Histograms and Frequency Polygons
			LESSON 2: MEASURES OF CENTRAL TENDENCY, OTHER MEASURES OF LOCATION (QUANTILES) AND MEASURES OF DISPERSION
				Properties of the Arithmetic Mean
				Quantiles
				Other Concepts of the Mean
				Population Variance and Standard Deviation
				Sample Variance and Standard Deviation
				Issues with the Sharpe Ratio
			LESSON 3: SYMMETRY, SKEWNESS AND KURTOSIS IN RETURN DISTRIBUTIONS AND ARITHMETIC VERSUS GEOMETRIC MEANS
		Reading 8: Probability Concepts
			LESSON 1: PROBABILITY, EXPECTED VALUE AND VARIANCE
				Methods of Estimating Probabilities
				Profiting from Inconsistent Probabilities
				Calculating the Probability that at Least One of Two Events Will Occur
				Dependent and Independent Events
				Expected Value
				Variance and Standard Deviation
			LESSON 2: COVARIANCE AND CORRELATION AND CALCULATING PORTFOLIO EXPECTED RETURN AND VARIANCE
				Properties of Covariance
				Limitations of Covariance
				Correlation Coefficient
				Properties of the Correlation Coefficient
			LESSON 3: TOPICS IN PROBABILITY: BAYES’ FORMULA AND COUNTING RULES
				Multiplication Rule of Counting
				Labeling Problems
				Combinations
				Permutations
	Study Session 3: Quantitative Methods— Application
		Reading 9: Common Probability Distributions
			LESSON 1: DISCRETE RANDOM VARIABLES, THE DISCRETE UNIFORM DISTRIBUTION AND THE BINOMIAL DISTRIBUTION
				The Binomial Distribution
				Binomial Trees
				Skewness and the Binomial Distribution
				Tracking Error
			LESSON 2: CONTINUOUS RANDOM VARIABLES, THE CONTINUOUS UNIFORM DISTRIBUTION, THE NORMAL DISTRIBUTION AND THE LOGNORMAL DISTRIBUTION
				Calculating Probabilities Using Z-Scores
			LESSON 3: MONTE CARLO SIMULATION
				Investment Applications
				Limitations
		Reading 10: Sampling And Estimation
			LESSON 1: SAMPLING, SAMPLING ERROR, AND THE DISTRIBUTION OF THE SAMPLE MEAN
				Sampling Error
				Sampling Distribution
			LESSON 2: POINT AND INTERVAL ESTIMATES OF THE POPULATION MEAN, STUDENT’S T-DISTRIBUTION, SAMPLE SIZE AND BIASES
				Types of Biases
				Sample-Selection Bias
				Look-Ahead Bias
				Time-Period Bias
		Reading 11: Hypothesis Testing
			LESSON 1: INTRODUCTION TO HYPOTHESIS TESTING
				One-Tailed versus Two-Tailed Tests
				Rejection Rules for Two-Tailed Hypothesis Test
				Type I and Type II Errors
				Relation Between Confidence Intervals and Hypothesis Tests
			LESSON 2: HYPOTHESIS TESTS CONCERNING THE MEAN
				Hypothesis Tests Concerning the Mean
				Tests Relating to the Mean of Two Populations
				Tests for Means when Population Variances are Assumed Equal
				Tests for Means when Population Variances are Assumed Unequal
			LESSON 3: HYPOTHESIS TESTS CONCERNING THE VARIANCE AND NONPARAMETRIC INFERENCE
		Reading 12: Technical Analysis
			LESSON 1: TECHNICAL ANALYSIS: DEFINITION AND SCOPE
				Principles and Assumptions
				Technical Versus Fundamental Analysis
				Drawbacks of Technical Analysis
			LESSON 2: TECHNICAL ANALYSIS TOOLS: CHARTS, TREND AND CHART PATTERNS
				Charts
				Reversal Patterns
				Continuation Patterns
			LESSON 3: TECHNICAL ANALYSIS TOOLS: TECHNICAL INDICATORS AND CYCLES
				Price-Based Indicators
				Momentum Oscillators
				Sentiment Indicators
				Flow of Funds Indicators
				Cycles
			LESSON 4: ELLIOT WAVE THEORY AND INTERMARKET ANALYSIS
				Elliott Wave Theory
				Intermarket Analysis
                        

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