会员注册 | 登录 | 微信快捷登录 QQ登录 微博登录 | 帮助中心 人人文库renrendoc.com美如初恋!
站内搜索 百度文库

热门搜索: 直缝焊接机 矿井提升机 循环球式转向器图纸 机器人手爪发展史 管道机器人dwg 动平衡试验台设计

   首页 人人文库网 > 资源分类 > PDF文档下载

2012年CFA一级考试大纲(官方完整版)2012_LI_combined.pdf

  • 资源星级:
  • 资源大小:718.88KB   全文页数:51页
  • 资源格式: PDF        下载权限:注册会员/VIP会员
您还没有登陆,请先登录。登陆后即可下载此文档。
  合作网站登录: 微信快捷登录 支付宝快捷登录   QQ登录   微博登录
友情提示
2:本站资源不支持迅雷下载,请使用浏览器直接下载(不支持QQ浏览器)
3:本站资源下载后的文档和图纸-无水印,预览文档经过压缩,下载后原文更清晰   

2012年CFA一级考试大纲(官方完整版)2012_LI_combined.pdf

ThereadingsinthisstudysessionpresentaframeworkforethicalconductintheinvestmentprofessionbyfocusingontheCFAInstituteCodeofEthicsandStandardsofProfessionalConductaswellastheGlobalInvestmentPerformanceStandardsGIPS®.TheprinciplesandguidancepresentedintheCFAInstituteStandardsofPracticeHandbookHandbookformthebasisfortheCFAInstituteselfregulatoryprogramtomaintainthehighestprofessionalstandardsamonginvestmentpractitioners.GuidanceintheHandbookaddressesthepracticalapplicationoftheCodeofEthicsandStandardsofProfessionalConduct.Theguidanceexpandsuponthepurposeandscopeofeachstandard,presentsrecommendedproceduresforcompliance,andprovidesexamplesofthestandardinpractice.TheGlobalInvestmentPerformanceStandardsGIPSfacilitateefficientcomparisonofinvestmentperformanceacrossinvestmentmanagersandcountrybordersbyprescribingmethodologyandstandardsthatareconsistentwithaclearandhonestpresentationofreturns.Havingaglobalstandardforreportinginvestmentperformanceminimizesthepotentialforambiguousormisleadingpresentations.READINGASSIGNMENTSReading1CodeofEthicsandStandardsofProfessionalConductStandardsofPracticeHandbook,TenthEditionReading2GuidanceforStandardsI–VIIStandardsofPracticeHandbook,TenthEditionReading3IntroductiontotheGlobalInvestmentPerformanceStandardsGIPSReading4GlobalInvestmentPerformanceStandardsGIPSSTUDYSESSION1ETHICALANDPROFESSIONALSTANDARDS2012LevelICFAProgramCurriculum©CFAInstitute.StudySession12012LevelICFAProgramCurriculum©CFAInstitute.LEARNINGOUTCOMESReading1CodeofEthicsandStandardsofProfessionalConductThecandidateshouldbeabletoa.describethestructureoftheCFAInstituteProfessionalConductProgramandtheprocessfortheenforcementoftheCodeandStandardsb.statethesixcomponentsoftheCodeofEthicsandthesevenStandardsofProfessionalConductc.explaintheethicalresponsibilitiesrequiredbytheCodeandStandards,includingthemultiplesubsectionsofeachStandard.Reading2GuidanceforStandardsI–VIIThecandidateshouldbeabletoa.demonstrateandexplaintheapplicationoftheCodeofEthicsandStandardsofProfessionalConducttosituationsinvolvingissuesofprofessionalintegrityb.distinguishbetweenconductthatconformstotheCodeandStandardsandconductthatviolatestheCodeandStandardsc.recommendpracticesandproceduresdesignedtopreventviolationsoftheCodeofEthicsandStandardsofProfessionalConduct.Reading3IntroductiontotheGlobalInvestmentPerformanceStandardsGIPSThecandidateshouldbeabletoa.explainwhytheGIPSstandardswerecreated,whatpartiestheGIPSstandardsapplyto,andwhoisservedbythestandardsb.explaintheconstructionandpurposeofcompositesinperformancereportingc.explaintherequirementsforverification.Reading4GlobalInvestmentPerformanceStandardsGIPSThecandidateshouldbeabletoa.describethekeyfeaturesoftheGIPSstandardsandthefundamentalsofcomplianceb.describethescopeoftheGIPSstandardswithrespecttoaninvestmentfirmsdefinitionandhistoricalperformancerecordc.explainhowtheGIPSstandardsareimplementedincountrieswithexistingstandardsforperformancereportinganddescribetheappropriateresponsewhentheGIPSstandardsandlocalregulationsconflictd.describetheninemajorsectionsoftheGIPSstandards.Thisintroductorystudysessionpresentsthefundamentalsofsomequantitativetechniquesessentialinfinancialanalysis.ThesetechniquesareusedthroughouttheCFAProgramcurriculum.Thissessionintroducestwomaintoolsofquantitativeanalysisthetimevalueofmoneyandprobabilityanddescriptivestatistics.Timevalueofmoneytechniquesareusedthroughoutfinancialanalysis.Timevalueofmoneycalculationsarethebasictoolsusedtosupportcorporatefinancedecisionsandtoestimatethefairvalueoffixedincome,equity,andothertypesofsecuritiesorinvestments.Similarly,statisticsandprobabilitytheoryareessentialtoolsfordescribingandestimatingrisk.READINGASSIGNMENTSReading5TheTimeValueofMoneyQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading6DiscountedCashFlowApplicationsQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading7StatisticalConceptsandMarketReturnsQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading8ProbabilityConceptsQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFASTUDYSESSION2QUANTITATIVEMETHODSBasicConcepts2012LevelICFAProgramCurriculum©CFAInstitute.StudySession22012LevelICFAProgramCurriculum©CFAInstitute.LEARNINGOUTCOMESReading5TheTimeValueofMoneyThecandidateshouldbeabletoa.interpretinterestratesasrequiredratesofreturn,discountrates,oropportunitycostsb.explainaninterestrateasthesumofarealriskfreerate,expectedinflation,andpremiumsthatcompensateinvestorsfordistincttypesofriskc.calculateandinterprettheeffectiveannualrate,giventhestatedannualinterestrateandthefrequencyofcompoundingd.solvetimevalueofmoneyproblemsfordifferentfrequenciesofcompoundinge.calculateandinterpretthefuturevalueFVandpresentvaluePVofasinglesumofmoney,anordinaryannuity,anannuitydue,aperpetuityPVonly,andaseriesofunequalcashflowsf.demonstratetheuseofatimelineinmodelingandsolvingtimevalueofmoneyproblems.Reading6DiscountedCashFlowApplicationsThecandidateshouldbeabletoa.calculateandinterpretthenetpresentvalueNPVandtheinternalrateofreturnIRRofaninvestmentb.contrasttheNPVruletotheIRRrule,andidentifyproblemsassociatedwiththeIRRrulec.calculateandinterpretaholdingperiodreturntotalreturnd.calculate,interpret,anddistinguishbetweenthemoneyweightedandtimeweightedratesofreturnofaportfolio,andevaluatetheperformanceofportfoliosbasedonthesemeasurese.calculateandinterpretthebankdiscountyield,holdingperiodyield,effectiveannualyield,andmoneymarketyieldforaU.S.Treasurybillf.convertamongholdingperiodyields,moneymarketyields,effectiveannualyields,andbondequivalentyields.Reading7StatisticalConceptsandMarketReturnsThecandidateshouldbeabletoa.distinguishbetweendescriptivestatisticsandinferentialstatistics,betweenapopulationandasample,andamongthetypesofmeasurementscalesb.defineaparameter,asamplestatistic,andafrequencydistributionc.calculateandinterpretrelativefrequenciesandcumulativerelativefrequencies,givenafrequencydistributiond.describethepropertiesofadatasetpresentedasahistogramorafrequencypolygone.calculateandinterpretmeasuresofcentraltendency,includingthepopulationmean,samplemean,arithmeticmean,weightedaverageormeanincludingaportfolioreturnviewedasaweightedmean,geometricmean,harmonicmean,median,andmodef.calculateandinterpretquartiles,quintiles,deciles,andpercentilesStudySession2g.calculateandinterpret1arangeandameanabsolutedeviationand2thevarianceandstandarddeviationofapopulationandofasampleh.calculateandinterprettheproportionofobservationsfallingwithinaspecifiednumberofstandarddeviationsofthemeanusingChebyshevsinequalityi.calculateandinterpretthecoefficientofvariationandtheSharperatioj.explainskewnessandthemeaningofapositivelyornegativelyskewedreturndistributionk.describetherelativelocationsofthemean,median,andmodeforaunimodal,nonsymmetricaldistributionl.explainmeasuresofsampleskewnessandkurtosism.explaintheuseofarithmeticandgeometricmeanswhenanalyzinginvestmentreturns.Reading8ProbabilityConceptsThecandidateshouldbeabletoa.definearandomvariable,anoutcome,anevent,mutuallyexclusiveevents,andexhaustiveeventsb.explainthetwodefiningpropertiesofprobabilityanddistinguishamongempirical,subjective,andaprioriprobabilitiesc.statetheprobabilityofaneventintermsofoddsforandagainsttheeventd.distinguishbetweenunconditionalandconditionalprobabilitiese.explainthemultiplication,addition,andtotalprobabilityrulesf.calculateandinterpret1thejointprobabilityoftwoevents,2theprobabilitythatatleastoneoftwoeventswilloccur,giventheprobabilityofeachandthejointprobabilityofthetwoevents,and3ajointprobabilityofanynumberofindependenteventsg.distinguishbetweendependentandindependenteventsh.calculateandinterpretanunconditionalprobabilityusingthetotalprobabilityrulei.explaintheuseofconditionalexpectationininvestmentapplicationsj.explaintheuseofatreediagramtorepresentaninvestmentproblemk.calculateandinterpretcovarianceandcorrelationl.calculateandinterprettheexpectedvalue,variance,andstandarddeviationofarandomvariableandofreturnsonaportfoliom.calculateandinterpretcovariancegivenajointprobabilityfunctionn.calculateandinterpretanupdatedprobabilityusingBayesformulao.identifythemostappropriatemethodtosolveaparticularcountingproblem,andsolvecountingproblemsusingthefactorial,combination,andpermutationnotations.2012LevelICFAProgramCurriculum©CFAInstitute.Thisstudysessionintroducessomeofthediscreteandcontinuousprobabilitydistributionsmostcommonlyusedtodescribethebehaviorofrandomvariables.Probabilitytheoryandcalculationsarewidelyappliedinfinance,forexample,inthefieldofinvestmentandprojectvaluationandinfinancialriskmanagement.Furthermore,thissessionexplainshowtoestimatedifferentparameterse.g.,meanandstandarddeviationofapopulationifonlyasample,ratherthanthewholepopulation,canbeobserved.Hypothesistestingisacloselyrelatedtopic.Thissessionpresentsthetechniquesthatcanbeappliedtoacceptorrejectanassumedhypothesisnullhypothesisaboutvariousparametersofapopulation.Thelastreadingintroducesthefundamentalsoftechnicalanalysisandillustrateshowitisusedtoanalyzesecuritiesandsecuritiesmarkets.READINGASSIGNMENTSReading9CommonProbabilityDistributionsQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading10SamplingandEstimationQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading11HypothesisTestingQuantitativeMethodsforInvestmentAnalysis,SecondEdition,byRichardA.DeFusco,CFA,DennisW.McLeavey,CFA,JeraldE.Pinto,CFA,andDavidE.Runkle,CFAReading12TechnicalAnalysisbyBarryM.Sine,CFAandRobertA.Strong,CFASTUDYSESSION3QUANTITATIVEMETHODSApplication2012LevelICFAProgramCurriculum©CFAInstitute.StudySession32012LevelICFAProgramCurriculum©CFAInstitute.LEARNINGOUTCOMESReading9CommonProbabilityDistributionsThecandidateshouldbeabletoa.defineaprobabilitydistributionanddistinguishbetweendiscreteandcontinuousrandomvariablesandtheirprobabilityfunctionsb.describethesetofpossibleoutcomesofaspecifieddiscreterandomvariablec.interpretacumulativedistributionfunctiond.calculateandinterpretprobabilitiesforarandomvariable,givenitscumulativedistributionfunctione.defineadiscreteuniformrandomvariable,aBernoullirandomvariable,andabinomialrandomvariablef.calculateandinterpretprobabilitiesgiventhediscreteuniformandthebinomialdistributionfunctionsg.constructabinomialtreetodescribestockpricemovementh.calculateandinterprettrackingerrori.definethecontinuousuniformdistributionandcalculateandinterpretprobabilities,givenacontinuousuniformdistributionj.explainthekeypropertiesofthenormaldistributionk.distinguishbetweenaunivariateandamultivariatedistribution,andexplaintheroleofcorrelationinthemultivariatenormaldistributionl.determinetheprobabilitythatanormallydistributedrandomvariableliesinsideagivenintervalm.definethestandardnormaldistribution,explainhowtostandardizearandomvariable,andcalculateandinterpretprobabilitiesusingthestandardnormaldistributionn.defineshortfallrisk,calculatethesafetyfirstratio,andselectanoptimalportfoliousingRoyssafetyfirstcriteriono.explaintherelationshipbetweennormalandlognormaldistributionsandwhythelognormaldistributionisusedtomodelassetpricesp.distinguishbetweendiscretelyandcontinuouslycompoundedratesofreturn,andcalculateandinterpretacontinuouslycompoundedrateofreturn,givenaspecificholdingperiodreturnq.explainMonteCarlosimulationanddescribeitsmajorapplicationsandlimitationsr.compareMonteCarlosimulationandhistoricalsimulation.Reading10SamplingandEstimationThecandidateshouldbeabletoa.definesimplerandomsamplingandasamplingdistributionb.explainsamplingerrorc.distinguishbetweensimplerandomandstratifiedrandomsamplingd.distinguishbetweentimeseriesandcrosssectionaldatae.explainthecentrallimittheoremanditsimportancef.calculateandinterpretthestandarderrorofthesamplemeanStudySession3g.identifyanddescribedesirablepropertiesofanestimatorh.distinguishbetweenapointestimateandaconfidenceintervalestimateofapopulationparameteri.describethepropertiesofStudentstdistributionandcalculateandinterpretitsdegreesoffreedomj.calculateandinterpretaconfidenceintervalforapopulationmean,givenanormaldistributionwith1aknownpopulationvariance,2anunknownpopulationvariance,or3anunknownvarianceandalargesamplesizek.describetheissuesregardingselectionoftheappropriatesamplesize,dataminingbias,sampleselectionbias,survivorshipbias,lookaheadbias,andtimeperiodbias.Reading11HypothesisTestingThecandidateshouldbeabletoa.defineahypothesis,describethestepsofhypothesistesting,describeandinterpretthechoiceofthenullandalternativehypotheses,anddistinguishbetweenonetailedandtwotailedtestsofhypothesesb.explainateststatistic,TypeIandTypeIIerrors,asignificancelevel,andhowsignificancelevelsareusedinhypothesistestingc.explainadecisionrule,thepowerofatest,andtherelationbetweenconfidenceintervalsandhypothesistestsd.distinguishbetweenastatisticalresultandaneconomicallymeaningfulresulte.explainandinterpretthepvalueasitrelatestohypothesistestingf.identifytheappropriateteststatisticandinterprettheresultsforahypothesistestconcerningthepopulationmeanofbothlargeandsmallsampleswhenthepopulationisnormallyorapproximatelydistributedandthevarianceis1knownor2unknowng.identifytheappropriateteststatisticandinterprettheresultsforahypothesistestconcerningtheequalityofthepopulationmeansoftwoatleastapproximatelynormallydistributedpopulations,basedonindependentrandomsampleswith1equalor2unequalassumedvariancesh.identifytheappropriateteststatisticandinterprettheresultsforahypothesistestconcerningthemeandifferenceoftwonormallydistributedpopulationsi.identifytheappropriateteststatisticandinterprettheresultsforahypothesistestconcerning1thevarianceofanormallydistributedpopulation,and2theequalityofthevariancesoftwonormallydistributedpopulationsbasedontwoindependentrandomsamplesj.distinguishbetweenparametricandnonparametrictestsanddescribethesituationsinwhichtheuseofnonparametrictestsmaybeappropriate.Reading12TechnicalAnalysisThecandidateshouldbeabletoa.explaintheprinciplesoftechnicalanalysis,itsapplications,anditsunderlyingassumptionsb.describetheconstructionofandinterpretdifferenttypesoftechnicalanalysischarts2012LevelICFAProgramCurriculum©CFAInstitute.StudySession3c.demonstratetheusesoftrend,support,andresistancelines,andchangeinpolarityd.identifyandinterpretcommonchartpatternse.describecommontechnicalanalysisindicatorspricebased,momentumoscillators,sentiment,andflowoffundsf.explaintheuseofcyclesbytechnicalanalystsg.describethekeytenetsofElliottWaveTheoryandtheimportanceofFibonaccinumbersh.describeintermarketanalysisasitrelatestotechnicalanalysisandassetallocation.2012LevelICFAProgramCurriculum©CFAInstitute.

注意事项

本文(2012年CFA一级考试大纲(官方完整版)2012_LI_combined.pdf)为本站会员(baixue100)主动上传,人人文库网仅提供信息存储空间,仅对用户上传内容的表现方式做保护处理,对上载内容本身不做任何修改或编辑。 若此文所含内容侵犯了您的版权或隐私,请立即通知人人文库网(发送邮件至[email protected]或直接QQ联系客服),我们立即给予删除!

温馨提示:如果因为网速或其他原因下载失败请重新下载,重复下载不扣分。

[email protected] 2015-2017 人人文库网网站版权所有
苏ICP备12009002号-5