【CFA一級考綱對比總結(jié)】
  一、新增部分:
  1、SS3 R11新增內(nèi)容b. distinguish between one-tailed and two-tailed tests of hypotheses;
 
  2、SS4 R13新增內(nèi)容e. describe the concept of equilibrium (partial and general), and mechanisms by which markets achieve equilibrium;
 
  3、SS8 R28新增內(nèi)容f. explain the requirements for segment reporting, and calculate and interpret segment ratios;
 
  4、SS10 R34新增內(nèi)容a. describe reasons for investors to assess the quality of cash flow statements;
 
  5、SS12 R42新增內(nèi)容c. describe defined contribution and defined benefit pension plans;
 
  6、SS15中的新增R52、R53、R54。SS15變動*5,本章內(nèi)容全部更改。
 
  7、SS16變動較大,更改了大標(biāo)題,新增R55全部內(nèi)容。
 
  二、刪除內(nèi)容:
  1、SS5 R18刪除內(nèi)容j. identify the past, current, or expected future business cycle phase of an econ-omy based on economic indicators.
 
  2、SS9 R32刪除內(nèi)容j. describe defined contribution and defined benefit pension plans;
 
  3、SS11 R36刪除內(nèi)容f. describe and account for the relative popularity of the various capital budgeting methods and explain the relation between NPV and company value and stock price;
 
  4、SS15中刪除R52、R53、R54、R55。SS15變動較大
 
  5、SS16中刪除2013年的R56、R57、R58。SS16變動較大
 
  6、SS18中刪除2013年的R67
 
  三、修改內(nèi)容:共修改23處,使內(nèi)容更加完善
 
  【CFA二級考綱對比總結(jié)】
  一、新增部分
  1. 2014年二級考綱中新增章節(jié)共4個,新增單個考點共4個。
 
  2. 2014年二級考綱中變化*5的是Equity Valuation部分,原2013年考綱中此部分一共有2個章節(jié),新考綱中增加2個共4個章節(jié)。
 
  3. 2014年二級考綱中Alternative Investments部分增加一個章節(jié)A Primer on Commodity Investing共5個章節(jié)。另外Portfolio Management部分增加了一個章節(jié)RESIDUAL RISK AND RETURN: THE INFORMATION RATIO共四章。原來READING 55. THE THEORY OF ACTIVE PORTFOLIO MANAGEMENT修改為READING 59. THE FUNDAMENTAL LAW OF ACTIVE MANAGEMENT內(nèi)容更換。
 
  4. 原2013年考綱中Financial Reporting and Analysis部分新增考點b describe foreign currency transaction exposure, including accounting for and disclosures about foreign currency transaction gains and losses;h describe how multinational operations affect a company’s effective tax rate;I explain how changes in the components of sales affect earnings sustainability; j analyze how currency fluctuations potentially affect financial results, given a company’s countries of operation;
 
  二、刪除部分
  1. 2014年二級考綱中Quantitative Methods for Valuation部分READING 11. CORRELATION AND REGRESSION刪除了考點i calculate and interpret a confidence interval for the predicted value of the dependent variable;
 
  2. 原2013年考綱中Financial Reporting and Analysis部分READING 21. MULTINATIONAL OPERATIONS一章內(nèi)容刪除了考點e analyze the effect on a parent company’s financial ratios of the currency transla-tion method used。
 
  三、修改部分
  2014年二級考綱Fixed Income部分,原來R 42. FUNDAMENTALS OF CREDIT ANALYSIS改為R 45. CREDIT ANALYSIS MODELS其考點內(nèi)容全部修改。Derivative Investments部分,原來Reading 53 Credit Derivatives: An Overview改為Reading 56 Credit Default Swaps 考點a-f,改為現(xiàn)在a-e各項均有修改。
 
  【CFA三級考綱對比總結(jié)】
  一、新增部分
  1. 2014年三級考綱中Asset Allocation部分R19中新增考點k、l、m、n,Global Investment Performance Standards部分原版中b變?yōu)樾掳娴腶考點,并增加了and their benefits to prospective clients and investment managers;
 
  二、刪除部分
  1. 2014年二級考綱中刪除了原來版本中的四個章節(jié)包括R17 ALLOCATING SHAREHOLDER CAPITAL TO PENSION PLANS、R20 DREAMING WITH BRICS: THE PATH TO 2050、R22 THE CASE FOR INTERNATIONAL DIVERSIFICATION和Portfolio Management of Global Bonds and Fixed-Income Derivatives部分中R26 Hedging Mortgage Securities to Capture Relative Value。
 
  三、修改部分
  1. 2014年二級考綱中Private Wealth Management部分R13的標(biāo)題及內(nèi)容全部更改,
 
  2. R18 CAPITAL MARKET EXPECTATIONS中 b考點為:discuss challenges in developing capital market forecasts;
 
  3. 原版R29 即新版R24考點b中刪除了2) liquidity and crossing opportunities versus index reconstitution effects;
 
  4. R31. ALTERNATIVE INVESTMENTS PORTFOLIO MANAGEMENT原版中考點s critique the conventions and discuss the issues involved in hedge fund performance *uation, including the use of hedge fund indices and the Sharpe ratio 更改為s discuss concerns involved in hedge fund performance *uation;
 
  5. 原來R35. CURRENCY RISK MANAGEMENT改為R28 CURRENCY MANAGEMENT: AN INTRODUCTION對應(yīng)替換的考點為a-i
 
  6. 原版中R43 v考點修改為新版R35 u
    
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