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2017 CFA Level II Curriculum Changes

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[No Change in the Topic Area Weights]
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Financial Reporting Analysis
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Reading 16

Deleted&Readings&
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Equity Valuation

Reading 17

FinQuiz
Vital CFA Exam Prep

Inventories: Implications for Financial

Statement and Ratios
Long-lived Assets: Implications for Financial
Statement and Ratios

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Deleted&Readings&
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Derivative Investments

Reading 31

The Five Competitive Forces that Shape

Strategy

Reading 32

Your Strategy Needs a Strategy

Reading
Reading
Reading
Reading
Reading

Forward Markets and Contracts

Futures Markets and Contracts
Option Markets and Contracts
Swap Markets and Contracts
Interest Rate Derivative and Instruments

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Deleted&Readings&

47
48
49
50
51

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Reading 40

New&Readings&

Reading 41
Reading 52

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Alternative Investments
Deleted&Readings&

Pricing and Valuation of Forward

Commitments
Valuation of Contingent Claims
Derivative Strategies

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Reading 42

A Primer on Commodity Investing

Reading 46

Commodities and Commodity Derivatives:

An Introduction

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New&Readings&
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Portfolio Management
New&Readings&

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Reading 49
Reading 52

Measuring and Managing Market Risk

Algorithmic Trading and High Frequency
Trading

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Note: Credit Default Swap (old reading 52) has been shifted from Derivatives
to Fixed Income (new reading 39).
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