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Format: Multiple choices, multiple answers:
Passing score: 70%
Number of Questions: 120
Duration of Examination: 6 hours
Language: English
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You must follow these steps to apply for CFA Level 1:
Reference: https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Quantitative Methods | 8-12% | - Sampling and Estimation - Statistical Concepts and Probability - Time Value of Money |
| Topic 2: Economics | 8-12% | - Microeconomics - Macroeconomics |
| Topic 3: Ethical and Professional Standards | 15-20% | - Ethical Practices in Investment Management - Code of Ethics and Standards of Professional Conduct |
| Topic 4: Fixed Income | 10-12% | - Fixed Income Risk - Bond Pricing and Yield |
| Topic 5: Equity Investments | 10-12% | - Equity Market Structure - Security Valuation Basics |
| Topic 6: Derivatives | 5-8% | - Forwards and Futures Basics - Options Fundamentals |
| Topic 7: Portfolio Management and Wealth Planning | 5-8% | - Risk and Return Concepts - Portfolio Construction Basics |
| Topic 8: Alternative Investments | 7-10% | - Real Estate and Private Equity - Hedge Funds Overview |
| Topic 9: Corporate Issuers | 8-12% | - Capital Investment Decisions - Cost of Capital |
| Topic 10: Financial Statement Analysis | 13-17% | - Financial Reporting Standards (IFRS/GAAP) - Income Statement, Balance Sheet, Cash Flow |
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