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Study Plan for CFA Level 3 (2015)

SS

R. No.

Application

Eth.
1

QM. 3
Valuation

Eco. 4
Valuation

FRA. 5
Inv't & NCA

7
Quality of FR
& FSA

CF 8

Financing and
Control Issues

1
2

Code of Ethic and Standards of Prof. Conduct


Guidance Stadard I-VII

3
4
5
6
7
8

5
6
7
8
9

Prudence in Perspective

Correlation and Regression


Multiple Regression and Issues in
Regression Analysis
Time-Series
Currency Exchange Rates:
Determination and Forecasting
Economic Growth and the Investment
Decision
Economics of Regulation
Inventories: Implications for Financial
Statements and Ratios
Long-lived Assets: Implications for Financial
Statements and Ratios
Intercorporate Investments
Employee Compensation: Post-Employment
and Share-Based
Multinational Operations

11

10

12

11

13

12

14

13
14

15

15

17

16

18

17

19

18

20

19

21

16

22

The Lessons We Learn

23

Evaluating Financial Reporting Quality

20

Evaluating Quality of Financial Reports

21

24

22
23
24

25
26
27

25

EV. 10
Valuation
Concepts

29

31

29
30

Industry &
Company
Analysis In
Global
context

30 32
31 33
32 34
33 35

SS

R. No.

Valuation
Models

AI. 13

34

36

35

37

36
37
38
39
40

38
39
40
41
42

43

FI. 14
Valuation
Concepts

15
Topic in FI
analysis

41 44
42
43

Structured
Securities

Der. Inv.
16

17

PM. 18
Capital
market
Theory &
the PM
Process

Integration of Financial Statement Analysis


Techniques

Curri.
Qs

Schw.
Qs

Curri.
ME

Schw. Qs
ME
Bank

Your Strategy Needs a Strategy


Industry and Company Analysis
Discounted Dividend Valuation

Topic

Free Cash Flow Valuation


Market-Based Valuation: Price and Enterprise
Value Multiples
Residual Income Valuation
Private Company Valuation
Private Real Estate Investments
Publicly Traded Real Estate Securities
Private Equity Valuation

56

60

New
24

New

Ex. Upd
Ex. Upd

33
Video
2013

Curri.
Qs

Schw.
Qs

Curri.
ME

Schw. Qs
ME
Bank

34

Ex. Upd

35

Ex. Upd

36
37
38
39
40

Ex. Upd
Ex. Upd

A Primer on Commodity Investing


New
New

The Term Structure and Interest Rate Dynamics

Valuing Mortgage-Backed and Asset-Backed


Securities

57

20

Investing in Hedge Funds: A Survey

50

56

18

Ex. Upd

Asset-Backed Sector of the Bond Market

55

17

The Five Competitive Forces That Shape Strategy 32

49

54

15
16

Ex. Upd

Term Structure and Volatility of Interest Rates


Valuing Bonds with Embedded Options
Mortgage-Backed
Sector of the Bond Market

53

14

31

Introduction to Asset-Backed Securities

52

13

Return Concepts

46
47

51

12

28
29
30

46

47
48
49
50
51
52
53
54
55

11

25
26
27

45

44

4
5
6
7
8
9

Capital Budgeting
Capital Structure
Dividends and Share Repurchases: Analysis
Corporate Performance, Governance, and
Busincess Ethics, Chapter 11
Corporate Governance
Mergers and Acquisitions
Equity Valuation: Applications and Processes

The Arbitrage-Free Valuation Framework


Valuation and Analysis: Bonds with Embeded
Options
Credit Analysis Models

48

15

CFAI Institute Research Objectivity Standards


The Glenarm Company
Preston Partners
Super Selection
Trade Allocation: Fair Dealing and Disclosure
Changing Investment Objectives

10

28

12

Video
2013
1
2

CFAI Soft Dollar Standards


4

26
27
28

EV. 11

Topic

Forward Markets and Contracts


Futures Markets and Contracts
Option Markets and Contracts
Swap Markets and Contracts
Interest Rate Derivative Instruments
Credit Default Swaps
Portfolio Concepts

New
New

48
49
50
51
52
54

58

Residual Risk and Return: The Information Ratio

59

The Fundamental Law of Active Management


The Portfolio Management Process and the
56
Investment Policy Statement
Description
Half-Way Review 1
Final Review 2
Final Review 3
Mock Exam 1
Mock Exam 2
Mock Exam 3
Mock Exam 4
Mock Exam 5

Note
superscript = 2014 No. of Reading