CFA SINGAPORE

RESEARCH PROGRAMME*
(IBF Level 1 & 2)
INCORPORATES THE PREPARATORY COURSE FOR THE CFA LEVEL 1 & 2 EXAMINATION

The CFA Singapore Research Programme (IBF Level 1 & 2)

helps prepare young professionals and graduates for entry
level research analysts positions.
It is ideal for graduates seeking employment and a career in
investment research or a related field as they work towards a
goal of attaining the CFA and b e c o m i n g a n IBF-certified
practitioner.
ABOUT CFA & IBF Standards
The Chartered Financial Analyst (CFA) Program is a globally recognized, graduate level curriculum that provides
a strong foundation of real-world investment analysis and portfolio management skills along with the practical
knowledge you need in todays investment industry. It also emphasizes the highest ethical and professional
standards.
The IBF Standards (previously the Financial Industry Competency Standards or FICS) represent a set of
competency standards developed by the industry, for the industry. It provides a practice-oriented development
roadmap for financial sector practitioners to attain the necessary training to excel in their respective job roles. The
Research job role refers to the conduct of fundamental analysis on companies globally, providing institutional and
retail clients with industry-specific and in-depth research and analysis on diversified industries.
ABOUT IBF Certified Practitioner
An IBF-certified practitioner is one who epitomizes the values of professional excellence, integrity and a strong
commitment to industry development. Further information on IBF certification can be found at
www.ibf.org.sg/IBF_certification.html
MINIMUM ADMISSION REQUIREMENTS
Bachelor Degree or the equivalent. Applicants are required to submit their University transcripts.
For more information, please call us at 6323 6209 and email us at programs@cfasingapore.org
* Funding is available upon criteria fulfillment

Upon completion of the programme, participants would have adequately covered the following Competency Units in Financial
Markets : Research ( Level 1 & 2 ) and will expect to receive a Certificate of Completion.
Competency Units in Financial Markets: Research (Level 1)
CU1

CU5

CU6

Perform Research and Analysis

Acquire and Apply Financial

Services Industry and
Product Knowledge

Comply with Financial Services

Legislations, Regulations and
Industry Codes of Practice

1.1 Gather, Review, and

Analyze Key Information

5.1 Demonstrate Understanding

of General Principles of Financial
Services Industry and Products

6.1 Identify and Comply with

Legislative, Regulatory and
Industry Requirements

1.2 Analyze Financial Statements

5.2 Keep Abreast of Changes and

Development in Financial Services
Industry and Product Knowledge

6.2 Keep Abreast of Changes of

Relevant Laws and Regulations
and Understand Its Implications

Competency Units in Financial Markets: Research (Level 2)

CU1

CU2

CU5

CU6

Perform Research and

Analysis

Formulate Investments
Recommendations

Acquire and Apply Financial

Services Industry and Product
Knowledge

Comply with Finaicial Services

Legislations, Regulations and
Industry Codes of Practice

1.1 Gather, Review, and

Analyze Key Information

2.1 Apply Various Valuation

Techniques in Conducting

5.1 Demonstrate
Understanding of General

Asset or Industry/Company

Principles of Financial Services

6.1 Identify and Comply with

Legislative, Regulatory and
Industry Requirements

Valuation

Industry and Products

2.2 Prepare Up-to-date

Investment Reports

5.2 Keep Abreast of Changes

and Development in Financial

6.2 Keep Abreast of Changes

of Relevant Laws and

Services Industry and Product

Regulations and Understand

Knowledge

Its Implications

1.2 Analyze Financial

Statements

1.3 Develop Financial Models

LEVEL 1 COURSE STRUCTURE AND OUTLINE

MODULE A: CORE PROGRAMME
(66.5 CONTACT HOURS)

MODULE B: APPLIED FINANCIAL

STATEMENT ANALYSIS
(14 CONTACT HOURS)

MODULE C: SPECIAL TOPICS

(17.5 CONTACT HOURS)

Ethics & Professional

Standards

Quantitative Methods

Economics

Financial Reporting & Analysis

Corporate Finance

Equity Investments

Fixed Income Investments

Analyzing Financial Statements

from a Real World Perspective

Identifying and Applying
Financial Information

Technical Analysis

Forex, Commodities and
Collective Investment
Schemes

Financial Industry Overview

Rules and Regulations for
Financial Services
Professionals

Derivative Instruments

Portfolio Management &
Alternative Investments

Key Concepts in Accounting

and Financial Statement
Analysis

Interpreting Financial
Statements and Ratios

Translate Annual Report into a
Spreadsheet Model

COURSE DELIVERY
Module A which spans over 19 sessions helps participants to prepare for the Level 1 CFA examination. Each session is 3.5
hours and seminar groups are kept at an optimal size to encourage active engagement and interaction between instructors
and participants through short discussions and practice questions on key concepts.
Module B will be conducted over 4 workshop sessions to hone the participants practical analysis financial information and
statements.
Module C will be covered over 5 seminar sessions and it aims to equip participants with further product knowledge on
technical analysis, foreign exchange, commodities and collective investment schemes. Participants also get an insight to the
overview of the financial system.

LEVEL 2 COURSE STRUCTURE AND OUTLINE

MODULE A: CORE PROGRAMME
(66.5 CONTACT HOURS)

Ethics
Quantitative Methods
Economics
Financial Reporting & Analysis
Corporate Finance
Equity Investments
Alternative Asset Valuation
Fixed Income Investments
Derivative Instruments
Portfolio Management

MODULE B: APPLIED FINANCIAL

STATEMENT ANALYSIS
(28 CONTACT HOURS)

Building the Basic Model:
Translating Financial Documents
into Working Spreadsheet Model

Forecasting: Extrapolating Income
Statement, Balance Sheet,
Cashflow into the Future

Valuation: Four Major Approaches
to Valuation, and Practical
Considerations

Risk Assesment: Discussing
Various Dimensions of Risk

Practical Session: Using disclosed
financial data to model, forecast
and value a listed stock

MODULE C: SPECIAL TOPICS

(17.5 CONTACT HOURS)

Technical Analysis

Forex, Commodities and
Collective Investment
Schemes

Financial Industry Overview

Rules and Regulations for
Financial Services
Professionals

COURSE DELIVERY
Module A prepares participants for the Level 2 CFA examinations. It spans over 19 sessions and each session is 3.5 hours.
Each session is delivered in a seminar format and every group is kept at an optimal size to encourage active engagement and
interaction between instructors and participants through short discussions and practice questions on key concepts.
Module B will be conducted over 8 workshop sessions to hone the participants practical analysis financial information and
statements.
Module C will be covered over 5 seminar sessions and it aims to equip participants with further product knowledge on
technical analysis, foreign exchange, commodities and collective investment schemes. Participants also get an insight to
the overview of the financial system.

IBF Standards Training Scheme (IBF-STS)

IBF-STS will provide 70% funding, capped at S$7,000 per participant per programme under the IBF Standards
framework (subject to approval). Funding will only be reimbursed to participants who have successfully
completed the programme. (Subject to the grant eligibility under the IBF-STS) Further information on funding
eligibility can be found at http://www.ibf.org.sg/funding_ibf_ts.html.

Who Is Eligible?
Individual Track
Non-company sponsored individuals who are Singapore Citizens or Singapore Permanent Residents and
physically based in Singapore.
Company-Sponsored Track
Singapore-based financial sector entities(1) sponsoring staff for qualifying training programmes:
- Financial Institutions; and
- Other entities regulated by The Monetary Authority of Singapore (either licensed or exempted from licensing)
To be eligible for IBF-TS funding, sponsored staff should be:
(i) A Singapore Citizen or Singapore Permanent Resident;
(ii) Of executive level(2) and involved in or supporting financial sector activities;
(iii) Physically based in Singapore.

(1) Entities who are significantly involved in supporting financial sector activities will be assessed for eligibility on a case-by-case basis.
(2) Sponsored staff may be either permanent or contract ( 1 year) staff, and engaged either on a full or part-time basis.

CFA SG Research Programme

(IBF Level 1 & 2)
What is included in the programme:

Classes and Powerpoint handouts
- Module A (19 sessions * for Level 1 ; 19 sessions * for Level 2);
- Module B (4 sessions * for Level 1 ; 8 sessions * for Level 2) and
- Module C (5 sessions*)
* Each session is 3.5hrs

Schweser Essential Study Package
(SchweserNotesTM, SchweserProTM Qbank; Practice Exams, Vol. 1 & 2 (6 full-length exams); Schweser's
QuickSheet and Schweser Study Calender)
Course Fees

Level
1

CFA SG Research Programme

(IBF Level 1/2)
2

Total Course Fees

(inclusive of GST)

S$ 6,400

Total Course Fee

Funding Applicable

- Funding

S$ 4,480

S$ 1,920

(S$ 5,760 for members) (S$ 4,032 for members) (S$ 1,728 for members)
S$ 7,300

S$ 5,110

S$ 2,190

(S$ 6,570 for members) (S$ 4,599 for members) (S$ 1,971 for members)

Documents required:
1.

A clear copy of your Identification Card (front and back)

2.

A clear copy of your Bachelors Certificate and Transcript

3.

Registration form

4.

Resume (required for Level 2 only)

Special offer for 2015!

Online Video Lectures
included

Programme Terms and Conditions

General:
1.

Participants are required to submit feedback for every sessions.

2.

Participants are required to meet a minimum attendance of 75%.

3.

Fees excludes CFA Institute examination and registration fees.

4.

The minimum class size policy for the programme requires a minimum of ten (10) confirmed registrations and it will be at the sole
discretion of CFA Singapore whether to start a class without the minimum required class size.

5.

Any deferment /extension of the program is at the sole discretion of CFA Singapore and only 1 deferment is allowed.

6.

Total course fee is payable upon registration. Instalment plans with DBS credit cards are available.

7.

CFA Singapore may impose additional requirements or make changes to existing requirements, without prior notice.

8.

Participants are required to declare any receipts of any previous or other grants or subsidies, provided either by FSDF and/or other
government agencies, for the claims. Failure to do so will result in rejection of claims during submission.

Payment and Refund Policy:

Any notice of withdrawal must be given in writing via mail/email:
1.

Full refund, less 10% bank admin and admin charges, if notice is given at least 2 weeks before commencement.

2.

50% refund of programme fee if notice is given between 1-2 weeks before commencement.

3.

No refund if notice is given less than 1 week before commencement, or after commencement of programme.

4.

Study materials if issued, are refundable only when the packaging remains intact and before commencement of programme.

5.

Should I choose Payment Option 2, I am liable to pay the balance amount (2nd payment) of the Research Programme on 23rd Mar
2015 onwards. In the event that I fail to complete the training and/or fulfil the IBF-STS funding criteria as stipulated in the Research
Programme, I understand that CFA Singapore has the right to recover the full course fees of the Research Programme. In the
event that I withdraw from the Research Programme before its completion, I am liable to pay the balance amount (2nd Payment) of
the Research Programme immediately upon withdrawal. I also agree to an administration fee of $50.

6.

By selecting the Credit Card Payment Option, I authorize CFA Singapore to charge my credit card account for the balance amount
(2nd Payment) when it is due. CFA Singapore is not required to seek further authorization from me at that point in time.

I understand and agree to the programme terms and condition stipulated above
Signature:

Date:
Updated: 6 Nov 2014

10 Shenton Way
#13-02 MAS Building
Singapore 079117
Tel: 6227 8594 Fax: 6323 7657
Email: classes@cfasingapore.org
GST Registration No:M90365205T

Registration Form for CFA SG Research Programme (IBF Level 1 & 2)

Programme (Please tick accordingly):
CFA SG Research Programme (IBF Level 1)

CFA SG Research Programme (IBF Level 2)

Personal Particulars
Name (as in NRIC): _____________________________________________________________

Age: ___________

Gender: M / F

Membership no.: _____________________________________ Candidate no.: ______________________ Intake Jun / Dec 20 ____
Nationality: __________________________________
Contact phone: ______________________________________ Email: ____________________________________________________
Mailing Address: _______________________________________________________________________________________________
____________________________________________________________________________ Postal: __________________________
Employer: __________________________________________ Designation: _______________________________________________
Highest Qualification: ____________________________________________________________________________________________
Where / How did you first know about our CFA classes? (You may tick more than one option below)

Info Session / Preview Lecture

Emailer

CFA Singapore Website

Google Ads

Friends / Relatives

Others, please specify _________________________________________________________________________________________

Payment Option 1:
Full Payment of S$

Cash

Cheque no.: __________________________________ (Cheque made payable to CFA Singapore)

Debit / Credit card (Visa / Mastercard / AMEX)
DBS / POSB credit card 6-months interest free instalment plan
I, hereby authorize CFA Singapore to charge my credit card account for the amount S$ ________________________
Credit card (Visa / MC / AMEX) __________ __________ __________ _________ Expiry: ________ / 20_______
Payment Option 2:
Payment in Stages :
1st Payment (Payable upon Registration)

50% of total Course Fees :

S$

50% of total Course Fees :

S$

2nd Payment (23rd Mar 2015 onwards )

Total Payable :

Cash

S$

Cheque no.: __________________________________ (Cheque made payable to CFA Singapore)

Debit / Credit card (Visa / Mastercard / AMEX)
DBS / POSB credit card 6-months interest free instalment plan
I, hereby authorize CFA Singapore to charge my credit card account for the amount S$ ___________ in 2 stages stipulated above.
Credit card (Visa / MC / AMEX) __________ __________ __________ _________ Expiry: ________ / 20_______

I understand and agree to the programme terms and condition stipulated on the overleaf

Signature:
Updated: 6 Nov 2014

Date: