IIRF Online > Finance & Accounting > Finance > Chartered Financial Analyst (CFA) > Level 1 CFA® Exam Prep Bootcamp (Part 2/2)
Level 1 CFA® Exam Prep Bootcamp (Part 2/2) by Udemy
Level 1 CFA® Bootcamp: Financial Reporting, Portfolio Management, Equity Investments, Fixed Income, Derivatives
Course Highlights
- Prepare for the CFA® Level 1 exam
- Earn one of the most prestigious designations in finance and investment management
- Acquire a solid understanding of key business and finance disciplines
- Impress interviewers by showing a strong an understanding of finance fundamentals and advanced topics concepts
- Study Financial Reporting, Portfolio Management, Equity Investments, Fixed Income, Derivatives
Skills you will learn!
Curriculum
2 Topics
What Does the Course Cover?
Welcome Gift
7 Topics
Introduction
Setting up the Financial Calculator
Basic Calculations
Time Value of Money
Cash Flow Analysis
Statistics
Depreciation and Breakeven
1 Topic
Formula Sheet
9 Topics
LOS Overview
Introduction to Financial Reporting and Analysis
Major Financial Statements
Supplementary Sources of Financial Information
Audit Reports
Financial Statements Analysis
The Financial Statements Analysis Framework
Practice Questions (Introduction to Financial Statement Analysis)
Practice Questions with Answers (Introduction to Financial Statement Analysis)
10 Topics
LOS Overview
Importance of Financial Reporting Standards
Standard-setting Bodies and Regulatory Authorities
The Conceptual Framework for Financial Reporting (Part I)
The Conceptual Framework for Financial Reporting (Part II)
Basics of Accounting
General Requirements for Financial Statements
Alternative Reporting Systems
Practice Questions with Answers (Financial Reporting Standards)
Practice Questions (Financial Reporting Standards)
16 Topics
LOS Overview
Components of the Income Statement
Alternative Presentation Formats
Revenue Recognition - General Principles
Revenue Recognition - Practical Application
Expense Recognition - General Principles
Expense Recognition - Practical Application
Non-recurring Items
Operating vs. Non-operating Items
Basic Earnings Per Share (EPS)
Diluted Earnings Per Share (DEPS)
Common-size Income Statements
Profitability Ratios
Other Comprehensive Income
Practice Questions (Understanding Income Statements)
Practice Questions with Answers (Understanding Income Statements)
15 Topics
LOS Overview
Elements of the Balance Sheet
Alternative Presentation Formats
Uses and Limitations of the Balance Sheet
Current Assets
Non-current Assets
Current Liabilities
Non-current Liabilities
Measurement Bases
Shareholders' Equity
Common-size Balance Sheets
Liquidity Ratios
Solvency Ratios
Practice Questions (Understanding Balance Sheets)
Practice Questions with Answers (Understanding Balance Sheets)
16 Topics
LOS Overview
Introduction to Cash Flow Statements
Major Sections in the Cash Flow Statement
Non-cash Items
Cash Flow Statements under IFRS and US GAAP
Direct vs. Indirect Method
Cash Flow Statements - Links to the Other Financial Statements
Calculating Cash Flows from Operating Activities (Indirect Method)
Calculating Cash Flows from Operating Activities (Direct Method)
Converting from Indirect to Direct Method
Calculating Cash Flows from Investing and Financing Activities
Common-size Cash Flow Statements
Free Cash Flow Indicators
Cash Flow Ratios
Calculating Gatsby's Cash Flow Statement (in Excel)
Practice Questions
19 Topics
LOS Overview
Tools and Techniques Used in Financial Analysis
Activity Ratios
Activity Ratios - Practical Example
Liquidity Ratios
Solvency Ratios
Profitability Ratios
Valuation Ratios
Evaluating a Company Using Ratio Analysis
DuPont Analysis
DuPont Analysis - Practical Example
Ratios Used in Equity Analysis
Ratios Used in Credit Analysis
Segment Reporting
Ratio Analysis & Forecasting
SaleSmart's Financial Ratios Pack
Blank SaleSmart's Financial Ratios Pack
Practice Questions
Practice Questions with Answers
12 Topics
LOS Overview
Inventory Costs
Inventory Valuation Methods (Part 1)
Inventory Valuation Methods (Part 2)
Inventory Valuation Methods (Part 3)
Inventory Valuation Methods (Part 4)
Converting Financial Statements from LIFO to FIFO
Converting Financial Statements from LIFO to FIFO (Exercise)
Inventory Measurement
Inventory Disclosures
The Importance of Inventory Analysis
Practice Questions
12 Topics
LOS Overview
Introduction to Debt Terminology
Recognition and Measurement of Debt Obligations (Part 1)
Recognition and Measurement of Debt Obligations (Part 2)
Interest Rate Calculations
Debt Covenants
Non-current Liabilities - Presentation and Disclosure
Motivations for Leasing Assets
Lease Accounting: the Lessee's Perspective
Lease Accounting: the Lessor's Perspective
Defined Contribution vs. Defined Benefit Pensions Plans
Practice Questions
10 Topics
LOS Overview
Financial Reporting Quality vs. Earnings Quality
A Spectrum for Assessing Financial Reporting Quality
Conservative Accounting vs. Aggresive Accounting
Motivations for Issuing Low-Quality Reports
The Fraud Triangle
Mechanisms that Discipline Financial Reporting Quality
Presentation Choices
Manipulations of Financial Results
Accounting Warnings Signs
6 Topics
LOS Overview
Evaluating a Company's Past Performance
Forecasting a Company's Net Income and Cash Flows
The Role of FSA in Assessing the Quality of Debt Investments
The Use of FSA in Screening for Potential Equity Investments
Common Adjustments to a Company's Financial Statements
11 Topics
LOS Overview
Portfolio Approach
Portfolio Management Process
Types of Investors
Defined Benefit (DB) and Defined Contribution (DC) Plans
Mutual Funds
Separately Managed Accounts (SMAs) and Exchange-traded Funds (ETFs)
Hedge Funds
Private Equity
Practice Questions
Practice Questions (Answers and explanations)
20 Topics
LOS Overview
Return Measures
Money-weighted Rate of Return
Time-weighted Rate of Return
Annualized Return
The Effect of Fees Taxes Inflation and Leverage
Money-weighted vs Time-weighted Rate of Return
Major Asset Classes
Historical vs Expected Returns
Mean Variance and Covariance of Asset Returns
Risk Aversion
Risk Aversion (Implications)
Porfolio Standard Deviation
The Correlation Coefficient
Investment Opportunity Set
Minimum-Variance Frontier
Capital Allocation Line
Optimal Investor Portfolio
Practice Questions
Practice Questions (Answers and explanations)
17 Topics
LOS Overview
Two-fund Separation Theorem
CAL vs. CML
Systematic vs. Unsystematic Risk
Return-generating Models
Calculate and Interpret Beta
Regression analysis
Calculate Beta in Excel
Capital Asset Pricing Model (CAPM)
Security Market Line (SML)
Expected Return (CAPM)
CAPM (Applications)
Sharpe Ratio and M2 Ratio
Treynor Ratio and Jensen’s Alpha
Performance Measures (Example)
Practice Questions
Practice Questions (Answers and explanations)
10 Topics
LOS Overview
Investment Policy Statement (IPS)
IPS Components
Risk and Return Objectives
Willingness vs. Ability to take risk
Investment Constraints
Asset Allocation
Portfolio Construction (Principles)
Tactical Asset Allocation
ESG Investing
10 Topics
Define Risk Management
General Risk Management Framework
The Risk Governance Process
Risk Tolerance
Risk Budgeting
Financial and Non-financial Sources of Risk
Risk Measures (Part 1)
Risk Measures (Part 2)
Subjective and Market-based Risk Estimates
Risk Management Framework
11 Topics
LOS Overview
Technical Analysis - Principles Applications Assumptions
Charts Used in Technical Analysis
Other Tools Used in Technical Analysis
Trend Support and Resistance Lines
Common Chart Patterns
Price Indicators
Momentum Oscillators
Non-price Based Indicators
Technical Analysis - Cycles
Intermarket Analysis
35 Topics
LOS Overview
Financial System (Functions)
Financial System (Purposes)
Equilibrium Interest Rate
Asset Classification
Security Types
Pooled Investment Vehicles
Currencies
Derivative Contracts
Real Assets
Financial Intermediaries
Dealers
Depository Institutions
Insurance Companies
Arbitrageurs
Clearinghouses and Custodians
Long and Short Position
Short Position
Leveraged Position
Leverage Ratio
Margin Call
Trade Order
Execution Instructions
Validity Instructions
Clearing Instructions
Primary vs. Secondary Market
Initial Public Offering (IPO)
Other Primary Market Transactions
Secondary Market Structures
Execution Mechanisms
Market Information Systems
Characteristics of a Well-functioning Financial System
Market Regulation
Practice Questions
Practice Questions (Answers and explanations)
23 Topics
LOS Overview
Security Market Index
Price and Total Return
Single-period Total Return
Index Value (Multiple Time Periods)
Index Construction and Management
Index Weighting
Equal Weighting
Market-capitalization Weighting
Float-adjusted Market-capitalization Weighting
Fundamental Weighting
Price-weighted Index (Value and Return)
Market-capitalization-weighted Index (Value and Return)
Equal-weighted Index (Value and Return)
Index returns (Excel)
Index Rebalancing
Market Indexes (Applications)
Equity Index Types
Fixed-Income Index Types
Alternative Investment Index Types
Security Market Indexes (Comparison)
Practice Questions
Practice Questions (Answers and Explanations)
14 Topics
LOS Overview
Market Efficiency
Market vs. Intrinsic Value
Market Efficiency: Factors
Market Efficiency Forms
Market Efficiency Forms (Implications)
Market Anomalies
Market Anomalies (Types)
Momentum and Overreaction Anomalies
Cross-Sectional Anomalies
Other Market Anomalies
Behavioral Finance
Practice Questions
Practice Questions (Answers and Explanations)
12 Topics
LOS Overview
Equity Securities (Characteristics)
Voting Rights
Private vs. Public Equity
Non-domestic Stocks
Equity (Risk and Return)
The Role of Equity in Company Financing
Market vs Book Value of Equity
Return on Equity
Cost of Equity
Practice Questions
Practice Questions (Answers and explanations)
18 Topics
LOS Overview
Industry Analysis
Industry Classification Systems
Commercial Industry Classification Systems
Governmental Industry Classification Systems
Cyclical vs. Non-cyclical Firms
Peer Group Analysis
Industry Analysis (Elements)
Strategic Analysis (Principles)
Barriers to Entry
Industry Concentration
Industry Capacity
Industry Life-cycle Model
Representative Industries (Characteristics)
Industry Growth Profitability and Risk (External Influences)
Company Analysis (Elements)
Practice Questions
Practice Questions (Answers and explanations)
21 Topics
LOS Overview
Market vs. Intrinsic Value
Equity Valuation Models (Categories)
Dividend Payments
Dividend Payment Chronology
Dividend Discount Model
Free-cash-flow-to-equity Model
Required Rate of Return (Common Equity)
Fundamental Value of Preferred Stock
Gordon Growth Model
Multistage Dividend Discount Model
Present Value Models-Overview
Multiplier Model
Common Price Multiples
Price Multiples Based on Fundamentals
Price Multiples Based on Comparables
Enterprise Value Multiple
Asset-based Valuation Model
Equity Valuation Models-Strengths and Weaknesses
Practice Questions
Practice Questions (Answers and explanations)
12 Topics
LOS Overview
Introduction to Fixed Income
Basic Features of Fixed-income Securities
Bond Indenture
Bond Covenants
Legal Regulatory and Tax Considerations
Cash Flow Structures (Part 1)
Cash Flow Structures (Part 2)
Cash Flow Structures (Part 3)
Contingency Provisions
Practice Questions (Defining Fixed-income Elements)
Practice Questions with Answers (Defining Fixed-income Elements)
14 Topics
LOS Overview
Global Fixed-Income Markets
The Interbank Offered Rate
Primary Bond Markets
Secondary Bond Markets
Sovereign Bonds
Other Types of Bonds
Corporate Debt (Part 1)
Corporate Debt (Part 2)
Structured Financial Instruments
Short-term Funding Alternatives to Banks
Repurchase Agreements
Practice Questions (Fixed-income Markets)
Practice Questions with Answers (Fixed-income Markets)
13 Topics
LOS Overview
Calculating a Bond's Price
Bond Features - Interrelationships
Spot Rates
Calculating Full Price Flat Price and Accrued Interest
Matrix Pricing
Calculating Annual Yields
Yield Measures - Fixed-rate Bonds
Yield Measures - Floating-rate Notes
Yield Measures - Money Market Instruments
Yield Curves
Forward vs. Spot Rates
Yield Spread Measures
11 Topics
LOS Overview
Define Derivatives
Hedging vs. Speculating
Forward Commitments vs. Contingent Claims
Forwards Futures and Swaps
Options and Credit Derivatives
Call Options
Put Options
Controversies Related to Derivatives
Arbitrage
Practice Questions
19 Topics
LOS Overview
Pricing Principles
Price vs. Value
Net Cost of Carry
Calculation Price and Value during the Life of a Contract
Monetary vs. Non-Monetary Costs and Benefits
The Effects of Costs and Benefits on a Forward's Value
Forward Rate Agreements
Swaps vs. Series of Forwards
Forwards vs. Futures
Calculating Swaps' Value and Price
Options
Types of Options
Calculating the Value of an Option Contract
The Put-call Parity for Options
One-period Binomial Model
European vs. American Options
Practice Questions
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Level 1 CFA® Exam Prep Bootcamp (Part 2/2)
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