CFA

Level I June 2018 Package now available on the FinTree website

CFA Level I 2018 - 2019 Curriculum Changes

Newly Added
Updated
Removed

2018 2019
Topic
Reading Reading Name Reading Reading Name
Ethics and Trust in the Investment Ethics and Trust in the Investment
1 1
Profession Profession
Code of Ethics and Standards of Code of Ethics and Standards of
Ethical and 2 2
Professional Conduct Professional Conduct
Professional 3 Guidance for Standards I–VII 3 Guidance for Standards I–VII
Standards Introduction to the Global
Introduction to the Global Investment
4 Investment Performance Standards 4
Performance Standards (GIPS)
(GIPS)
5 The GIPS Standards 5 The GIPS Standards

6 The Time Value of Money 6 The Time Value of Money

7 Discounted Cash Flow Applications 7 Discounted Cash Flow Applications

Statistical Concepts and Market Statistical Concepts and Market
8 8
Quantitative Returns Returns
Methods 9 Probability Concepts 9 Probability Concepts
10 Common Probability Distributions 10 Common Probability Distributions
11 Sampling and Estimation 11 Sampling and Estimation
12 Hypothesis Testing 12 Hypothesis Testing
13 Technical Analysis 13 Technical Analysis

Topics in Demand and Supply Topics in Demand and Supply

14 14
Analysis Analysis
15 The Firm and Market Structures 15 The Firm and Market Structures
Aggregate Output, Prices, and Aggregate Output, Prices, and
16 16
Economic Growth Economic Growth
Economics 17 Understanding Business Cycles 17 Understanding Business Cycles
18 Monetary and Fiscal Policy 18 Monetary and Fiscal Policy
International Trade and Capital
19 19 International Trade and Capital Flows
Flows Exchange Rates
20 Currency Exchange Rates 20 Currency Exchange Rates
 Financial Statement Analysis: An Financial Statement Analysis: An
21 21
Introduction Introduction
22 Financial Reporting Mechanics 22 Financial Reporting Standards
23 Financial Reporting Standards 23 Understanding Income Statements
24 Understanding Income Statements 24 Understanding Balance Sheets
25 Understanding Balance Sheets 25 Understanding Cash Flow Statements
Understanding Cash Flow
26 26 Financial Analysis Techniques
Statements
Financial
27 Financial Analysis Techniques 27 Inventories
Reporting
28 Inventories 28 Long-Lived Assets
and Analysis
29 Long-Lived Assets 29 Income Taxes
30 Income Taxes 30 Non-Current (Long-Term) Liabilities
Non-Current (Long-Term)
31 31 Financial Reporting Quality
Liabilities

32 Financial Reporting Quality

Financial Statement Analysis:
32
Financial Statement Analysis: Applications
33
Applications

Corporate Governance and ESG: Corporate Governance and ESG: An

34 33
An Introduction Introduction
Corporate 35 Capital Budgeting 34 Capital Budgeting
Finance 36 Cost of Capital 35 Cost of Capital
37 Measures of Leverage 36 Measures of Leverage
38 Working Capital Management 37 Working Capital Management

Portfolio Management: An
39 38 Portfolio Management: An Overview
Overview
40 Risk Management: An Introduction 39 Portfolio Risk and Return: Part I
41 Portfolio Risk and Return: Part I 40 Portfolio Risk and Return: Part II
Portfolio
Basics of Portfolio Planning and
Management 42 Portfolio Risk and Return: Part II 41
Construction

Basics of Portfolio Planning and 42 Risk Management: An Introduction

43
Construction
43 FinTech in Investment Management

44 Market Organization and Structure 44 Market Organization and Structure

45 Security Market Indices 45 Security Market Indices

46 Market Efficiency 46 Market Efficiency
Equity
Investments 47 Overview of Equity Securities 47 Overview of Equity Securities
Introduction to Industry and Introduction to Industry and
48 48
Company Analysis Company Analysis
Equity Valuation: Concepts and Equity Valuation: Concepts and Basic
49 49
Basic Tools Tools
 Fixed-Income Securities: Defining Fixed-Income Securities: Defining
50 50
Elements Elements
Fixed-Income Markets: Issuance, Fixed-Income Markets: Issuance,
51 51
Trading, and Funding Trading, and Funding
Introduction to Fixed-Income Introduction to Fixed-Income
Fixed 52 52
Valuation Valuation
Income
Introduction to Asset-Backed Introduction to Asset-Backed
53 53
Securities Securities
Understanding Fixed-Income Risk Understanding Fixed-Income Risk
54 54
and Return and Return
55 Fundamentals of Credit Analysis 55 Fundamentals of Credit Analysis

56 Derivative Markets and Instruments 56 Derivative Markets and Instruments

Derivatives
Basics of Derivative Pricing and Basics of Derivative Pricing and
57 57
Valuation Valuation

Alternative Introduction to Alternative Introduction to Alternative

58 58
Investments Investments Investments