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A better way to study for CFA Level I.
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CFA PREP47 units46 lessons924 flashcards47 tests
1Ethics and Trust in the Investment Profession · Code of Ethics and Standards of Professional Conduct4 steps
2Guidance for Standards I–VII4 steps
3Introduction to the Global Investment Performance Standards (GIPS)3 steps
4Ethics Application5 steps
5Rates and Returns · The Time Value of Money in Finance4 steps
6Statistical Measures ofAsset Returns3 steps
7Probability Trees and Conditional Expectations · Portfolio Mathematics3 steps
8Simulation Methods3 steps
9Estimation and Inference · Hypothesis Testing4 steps
10Parametric and Non-Parametric Tests of Independence · Simple Linear Regression3 steps
11Introduction to Big Data Techniques4 steps
12The Firm and Market Structures3 steps
13Understanding Business Cycles3 steps
14Fiscal Policy · Monetary Policy4 steps
15Introduction to Geopolitics · International Trade3 steps
16Capital Flows and the FX Market · Exchange Rate Calculations4 steps
17Introduction to Financial Statement Analysis3 steps
18Analyzing Income Statements4 steps
19Analyzing Balance Sheets3 steps
20Analyzing Statements of Cash Flows I · Analyzing Statements of Cash Flows II4 steps
21Analysis of Inventories · Analysis of Long-Term Assets3 steps
22Topics in Long-Term Liabilities and Equity · Analysis of Income Taxes4 steps
24Organizational Forms, Corporate Issuer Features, and Ownership · Investors and Other Stakeholders · Corporate Governance: Conflicts, Mechanisms, Risks, and Benefits3 steps
25Working Capital and Liquidity · Capital Investments and Capital Allocation3 steps
26Capital Structure · Business Models4 steps
27Market Organization and Structure · Security Market Indexes4 steps
28Market Eficiency · Overview of Equity Securities3 steps
29CompanyAnalysis: Past and Present · Industry and Competitive Analysis · CompanyAnalysis: Forecasting3 steps
30Equity Valuation: Concepts and Basic Tools5 steps
31Fixed-Income Instrument Features · Fixed-Income Cash Flows and Types3 steps
32Fixed-Income Issuance and Trading · Fixed-Income Markets for Corporate Issuers · Fixed-Income Markets for Government Issuers3 steps
33Fixed-Income Bond Valuation: Prices and Yields · Yield and Yield Spread Measures for Fixed-Rate Bonds · Yield and Yield Spread Measures for Floating-Rate Instruments4 steps
34The Term Structure of Interest Rates: Spot, Par, and Forward Curves3 steps
35Interest Rate Risk and Return · Yield-Based Bond Duration Measures and Properties · Yield-Based Bond Convexity and Portfolio Properties · Curve-Based and Empirical Fixed-Income Risk Measures4 steps
36Credit Risk · Credit Analysis for Government Issuers · Credit Analysis for Corporate Issuers3 steps
37Fixed-Income Securitization · Asset-Backed Security (ABS) Instrument and Market Features · Mortgage-Backed Security (MBS) Instrument and Market Features5 steps
38Derivative Instrument and Derivative Market Features · Forward Commitment and Contingent Claim Features and Instruments · Derivative Benefits, Risks, and Issuer and Investor Uses3 steps
39Arbitrage, Replication, and the Cost of Carry in Pricing Derivatives · Pricing and Valuation of Forward Contracts (and underlying with varying maturities) · Pricing and Valuation of Futures Contracts · Pricing and Valuation of Interest Rates and Other Swaps4 steps
40Pricing and Valuation of Options · Option Replication Using Put–Call Parity · Valuing a Derivative Using a One-Period Binomial Model4 steps
41Alternative Investment Features, Methods, and Structures · Alternative Investment Performance and Returns3 steps
42Investments in Private Capital: Equity and Debt · Real Estate and Infrastructure · Natural Resources3 steps
43Hedge Funds · Introduction to Digital Assets4 steps
44Portfolio Risk and Return: Part I · Portfolio Risk and Return: Part II4 steps
45Portfolio Management: An Overview · Basics of Portfolio Planning and Construction3 steps
46The Behavioral Biases of Individuals · Introduction to Risk Management5 steps
47Guidance for Standards I–VII · Ethics Application2 steps