CFA Syllabus & Weightage:
No Subjects Sessions Weightage No of Question LOS
1 Quantitative Methods 1 8-12% 14 - 22 7
2 Economics 1 8-12% 14 - 22 8
3 Financial statement Analysis 1 13-17% 23 -31 12
4 Corporate Issuers 2 8-12% 14 - 22 8
5 Equity Investments 2 10-12% 18 - 22 6
6 Fixed Income 2 10-12% 18 - 22 6
7 Derivatives 2 5-8% 9 - 14 10
8 Alternative Investments 2 5-8% 9 - 14 3
9 Ethics 1 15-20% 27 - 36 5
10 Portfolio Management 2 5-8% 9 - 14 8
Yellow Color : Changes in Reading
Green Color : New Chapter in Subject in Reading
Subject: Quantitative Methods
1 The Time Value of Money
2 Organizing, Visualizing, and Describing Data
3 Probability Concepts
4 Common Probability Distributions
5 Sampling and Estimation
6 Hypothesis Testing
7 Introduction to Linear Regression
Subject: Economics
1 Topics in Demand and Supply Analysis
2 The Firm and Market Structures
3 Aggregate Output, Prices, and Economic Growth
4 Understanding Business Cycles
5 Monetary and Fiscal Policy
6 Introduction to Geopolitics
7 International Trade and Capital Flows
8 Currency Exchange Rates
Subject: FSA
1 Introduction to Financial Statement Analysis
2 Financial Reporting Standards
3 Understanding Income Statements
4 Understanding Balance Sheets
5 Understanding Cash Flow Statements
6 Financial Analysis Techniques
7 Inventories
8 Long-Lived Assets
9 Income Taxes
10 Non-Current (Long-Term) Liabilities
11 Financial Reporting Quality
12 Applications of Financial Statement Analysis
Subject: Corporate Issuers
1 Corporate Structures and Ownership
2 Introduction to Corporate Governance and Other ESG Considerations
3 Business Models
4 Capital Investments
5 Working Capital & Liquidity
6 Cost of Capital-Foundational Topics
7 Capital Structure
8 Measures of Leverage
Subject: Equity Investment
1 Market Organization and Structure
2 Security Market Indexes
3 Market Efficiency
4 Overview of Equity Securities
5 Introduction to Industry and Company Analysis
6 Equity Valuation: Concepts and Basic Tools
Subject: Fixed Income
1 Fixed-Income Securities: Defining Elements
2 Fixed-Income Markets: Issuance, Trading, and Funding
3 Introduction to Fixed-Income Valuation
4 Introduction to Asset-Backed Securities
5 Understanding Fixed-Income Risk and Return
6 Fundamentals of Credit Analysis
Subject: Alternative Investments
1 Categories, Characteristics, and Compensation Structures of Alternative
Investments
2 Performance Calculation and Appraisal of Alternative Investments
3 Private Capital, Real Estate, Infrastructure, Natural Resources, and
Hedge Funds
Subject:Derivatives
1 Derivative instrument and derivative market features
2 Forward commitment and contingent claim features and instruments
3 Derivative benefits, risks, and issuer and investor uses
4 Arbitrage, replication, and the cost of carry in pricing derivatives
Pricing and valuation of forward contracts and for an underlying with
5 varying maturities
6 Pricing and valuation of futures contracts
7 Pricing and valuation of interest rate and other swaps
8 Pricing and valuation of options
9 Option replication using put-call parity
10 Valuing a derivative using a one-period binomial model
Subject: Ethics
1 Ethics and Trust in the Investment Profession
2 Code of Ethics and Standards of Professional Conduct
3 Guidance for Standards I–VII
4 Introduction to the Global Investment Performance Standards (GIPS)
5 Ethics Application
Subject: Portfolio Management
1 Portfolio Management: An Overview
2 Portfolio Risk and Return: Part I
3 Portfolio Risk and Return: Part II
4 Basics of Portfolio Planning and Construction
5 The Behavioral Biases of Individuals
6 Introduction to Risk Management
7 Technical Analysis
8 Fintech in Investment Management
Learning Module 3
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Learning Module 5
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Learning Module 4
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