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Format: Multiple choices, multiple answers:
Number of Questions: 120
Duration of Examination: 6 hours
Language: English
Passing score: 70%
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Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
The complete CFA module is a chartered financial analyst. CFA is one of the most sought-after designations for investment practitioners. This credential is a world-renowned financial accounting and finance certificate from the CFA Institute. The CFA course is known to be the world's most accepted and identified classification for investment management. Applicants who pursue the course develop a thorough understanding of the stock industry that raises their odds of well-paid careers. In India, industrialization and globalisation fuel the CFA market. Candidates seeking to earn the credentials of the CFA Institute must have three assessment phases conducted by the CFA Institute:
| Section | Weight | Objectives |
|---|---|---|
| Financial Statement Analysis | 11–14% | - Inventories, long-lived assets, taxes, debt - Income statement, balance sheet, cash flow statement - Ratio analysis and profitability - Financial reporting standards |
| Ethical and Professional Standards | 15–20% | - Global Investment Performance Standards (GIPS) - Code of Ethics and Standards of Professional Conduct |
| Fixed Income | 11–14% | - Bond valuation and risk measures - Fixed income securities characteristics - Yield measures, spot rates, forward rates |
| Quantitative Methods | 6–9% | - Probability and hypothesis testing - Regression and time-series analysis - Time value of money - Statistical concepts and returns |
| Economics | 6–9% | - Microeconomics - Monetary and fiscal policy - Macroeconomics - International trade and currency markets |
| Alternative Investments | 7–10% | - Investment characteristics and returns - Private equity, real estate, hedge funds - Commodities and infrastructure |
| Portfolio Management | 8–12% | - Risk and return concepts - Asset allocation and performance measurement - Portfolio planning and construction |
| Corporate Issuers | 6–9% | - Corporate governance - Capital budgeting - Capital structure - Business and financial risk |
| Derivatives | 5–8% | - Forwards, futures, options, swaps - Derivative markets and instruments - Derivative pricing and valuation basics |
| Equity Investments | 11–14% | - Market organization and structure - Industry and company analysis - Equity valuation models |
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