了解**CFA考纲是一个优秀备考计划的开始,CFA考纲变化的各个知识点是每年CFA®考试容易出现的考点.下面就请各位跟随高顿CFA小编看一下2017年CFA一二三级考纲的对比总结 :
 

        2017年CFA一级考纲新增部分   >> 历年CFA 资料领取  

        一.2017年CFA®一级考纲Ethics部分

        1.1SS1 新增 Reading 1  Ethics and Trust in the Investment Profession. 新增6个考点

        二.2017年CFA®一级考纲Economics部分

        2.1新增SS4 Microeconomics and Macroeconomics.含Reading 14 Topics in Demand and Supply Analysis (6个考点). Reading 15 The Firm and Market Structures(原2016年SS4中Reading 16).  Reading 16 Aggregate Output, Prices, and Economic Growth(15个考点,原2016年SS5中Reading 17). Reading 17 Understanding Business Cycles( 9个考点, 原2016年SS5中Reading 18).

        2.2新增SS 5 Monetary and Fiscal Policy, International Trade, and Currency Exchange Rates. 含Reading 18 Monetary and Fiscal Policy(20个考点,原2016年SS5中Reading 19). Reading 19 International Trade and Capital Flows( 10个考点, 原2016年SS6中Reading 20). Reading 20 Currency Exchange Rates(10个考点, 原2016年SS6中Reading 21).

        三.2017年CFA®一级考纲Corporate Finance部分

        3.1新增SS10 Corporate Governance, Capital Budgeting, and Cost of Capital. 新增R34 Corporate Governance and ESG: An Introduction 其余部分为2016年考纲SS11 中的R35,R36.

        3.2新增SS11 Leverage, Dividends and Share Repurchases, and Working Capital Management.内容为2016年考纲SS11中的R37 R38 R39.

        考纲删除内容

        一.Economics部分

        1.1SS4 Microeconomic Analysis.

        1.2SS5 Macroeconomic Analysis.

        1.3SS6 Economics in a Global Context.

        二.2017年CFA®一级考纲Corporate Finance部分

        删除SS11 Corporate Finance.

        CFA考纲修改内容

        一.Financial Reporting and Analysis部分

        1.1 SS7 R24 d describe key aspects of the converged accounting standards issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;修改为 d describe key aspects of the converged accounting standards for revenue recog?nition issued by the International Accounting Standards Board and Financial Accounting Standards Board in May 2014;(增加for revenue recog?nition)

        1.2 SS7 R24 f describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, extraordinary items, unusual or infrequent items) and changes in accounting policies;修改为f describe the financial reporting treatment and analysis of non-recurring items (including discontinued operations, unusual or infrequent items) and changes in accounting policies;(删除extraordinary items).

        2017年CFA®二级考纲及2016年CFA®二级考纲对比      >> 查看12月CFA 考试冲刺课程 

        1、经济学

        无变化

        2、财务报表分析

        原2016年Reading 16 删除

        Inventories: Implications for Financial Statements and Ratios原2016年Reading 17 删除

        Long-lived Assets: Implications for Financial Statements and Ratios

        3、股权投资

        原2016年Reading 31删除

        The Five Competitive Forces That Shape Strategy原2016年Reading 32删除

        Your Strategy Needs a Strategy

        4、另类投资

        原2016年Reading 42 改变

        从2016 A Primer on Commodity Investing

        改变为2017 Commodities and Commodity Derivatives: An Introduction

        以下为2017年新内容

        A.compare characteristics of commodity sectors;B.compare the life cycle of commodity sectors from production through trading or consumption;C.contrast the valuation of commodities with the valuation of equities and bonds;D.describe types of participants in commodity futures markets;E.analyze the relationship between spot prices and expected future prices in markets in contango and markets in backwardation;F.compare theories of commodity futures returns;G.describe, calculate, and interpret the components of total return for a fully collateralized commodity futures contract;H.contrast roll return in markets in contango and markets in backwardation;I.describe how commodity swaps are used to obtain or modify exposure to commodities;J.describe how the construction of commodity indexes affects index returns.

        5、投资组合

        新增2017年

        Measuring and Managing Market Risk

        Algorithmic trading and high-frequency trading以下为2017年新内容

        Measuring and Managing Market Risk

        A.explain the use of value at risk (VaR) in measuring portfolio risk;B.compare the parametric (variance-covariance), historical simulation, and Monte Carlo simulation methods for estimating VaR;C.estimate and interpret VaR under the parametric, historical simulation, and Monte Carlo simulation methods;D.describe advantages and limitations of VaR;E.describe extensions of VaR;

        F.describe sensitivity risk measures and scenario risk measures and compare these measures to VaR;G.demonstrate how equity, fixed-income, and options exposure measures may be used in measuring and managing market risk and volatility risk;H.describe the use of sensitivity risk measures and scenario risk measures;I.describe advantages and limitations of sensitivity risk measures and scenario risk measures;J.describe risk measures used by banks, asset managers, pension funds, and insurers;K.explain constraints used in managing market risks, including risk budgeting, position limits, scenario limits, and stop-loss limits;L.explain how risk measures may be used in capital allocation decisions.

        Algorithmic trading and high-frequency tradingA.define algorithmic trading;

        B.distinguish between execution algorithms and high-frequency trading algorithms;C.describe types of execution algorithms and high-frequency trading algorithms;D.describe market fragmentation and its effects on how trades are placed;E.describe the use of technology in risk management and regulatory oversight;F.describe issues and concerns related to the impact of algorithmic and high-frequency trading on securities markets.

        6、道德

        无变化

        7、量化分析

        无变化

        8、公司金融

        无变化

        9、固定收益

        新增:

        READING 39. CREDIT DEFAULT SWAPS

        The candidate should be able to:

        a describe credit default swaps (CDS), single-name and index CDS, and the parameters that define a given CDS product;b describe credit events and settlement protocols with respect to CDS;c explain the principles underlying, and factors that influence, the market's pricing of CDS;d describe the use of CDS to manage credit exposures and to express views regarding changes in shape and/or level of the credit curve;e describe the use of CDS to take advantage of valuation disparities among separate markets, such as bonds, loans, equities, and equity-linked instruments.

        10、衍生品

        结构虽然有大的调整,但是核心知识点并未改变,见下面黄色字体标注关键变动:

        1.CDS删除,实际移动到固定收益

        2.2016年CFA®考试大纲提及到的Eurodollar Future ,cap and floor , contango and backwardation, FRA,2017年CFA®考试大纲中并未重点提到.

        2017年CFA®考试时间&地点

        每年6月**个周六:上午 09:00-12:00,下午 14:00-17:00进行CFA®考试

        2017年CFA®考试地点:北京、上海、广州、南京、成都、天津、深圳、武汉.
 

        相关CFA内容推荐:

        2017年CFA一二三级报名费用和CFA®考试时间【重要】

        2016年12月CFA考生人数多少?

        CFA®一级经济学知识点解析(一) 

        CFA®一级数量考点解析(一)

        CFA®一级数量知识点解析(二)